DAX / GER30 - weekly view ( for options and warrants ).Most basic Fib tool applied - under the speculative assumption that this advance from Feb 2016 was corrective ( in the big picture view ). Careful, this is just an idea we have to keep in the back of our mind, price could just as well have another advance above the yearly high - before a typical Summer correction ( " sell in May " idea ). Main point I want to make is that we can step back and wait for confirmation on weekly charts.
GERMANY 30
So difficult to not be attracted to thisThis is not a low volume pocket, it's a low volume black hole! But rather than having its own gravitational pull and acting like a vacuum, it's repelling price like opposing magnets. I think it highlights the zone that price will likely find, if/when it breaks.
DE30EUR - Trading Levels for 18th Oct 2016.Anticipated exhaustion levels for today are:-
Short @ 10632.0; Stop: 200 points, Target: 600 points or >
Long @ 10480.0; Stop: 200 points, Target: 600 points or >
Use your own entry strategy for Longs with target set for 10632.0 and for shorts down into 10480.0
DE30EUR - Euro Session Trade Levels for 5th Oct 2016This is an intraday "counter-trend" strategy. Expecting price to range between 10455.0 and 10635.0.
I normally send out FDAX levels but will try them on the CFD, DE30EUR.
Long @ 10475.0; Stop: 200; Target: 500 - 750.
Short @ 10635.0; Stop: 200; Target: 500 - 750.