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DAX Index
Long

DAX 15 min

By Anees
Updated
Descriptions are on the chart
Good luck
Note
Working like magic, I hope that your are all making money beating that beast.

-DAX closed the gap from today's morning, falling form this level is on the table, so hedge your longs with SL above @10570.

- Add Longs when DAX retests @10450, we could get the impulsive move upward by tomorrow's oppening. But be careful it may retests the lows as we will get some cosolidation after these stong movements.

-RISK MANAGMENT is important, so dont be greedy, slowly build your account.

Good luck.
Note
Broke to the upside, long 1st TP@10666
Note
DAX is beating all the resistance clearing its way to the upper side of @10800.
-The longs from @10200's and @10500's allowed me to open another small long @10720 today., so if you dont have longs below 10500 dont open any longs befor a clear break of @10880 on the 1H chart.

-DAX has not retested the upper levels of @10500's yet, so visiting this area is most likely to happe if the price could not break above @10870.

-I have some long pending orders waiting in the area between @10680 and @10580, buying the pullback there is a good idea, as @10800 is going to be broken after that reset.@10500's area will act as a good bouncing area to the upside.

-A spike to @10480 could also happen, so I'have a larger Long order waiting there to hunt any spike.

-If DAX breaks the @10800 without the @10500's pullback then the Long target will not exceed @11200, but with retesting the @10500's then the Long target might be any where between @11500 and @11800.

Good luck
Anees

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