I've made some technical analysis and it looks like a good upside to this. The target is just the first, there are also 2. and 3. targets if the first is achieved.
Short DAX.
I've checked both RSI and MACD and both are negative.
Besides that DAX has gone below EMA9.
Fib retracement shows target af 11856.
I would be carefull regarding my top and place around EMA 9. See chart
1. trade was sucessfull, reached 1. target and a bit more.
Seems like we're building a short trendchannel.
Would sell at 12292/12290 looking at a tartget at 12187. Stop at 1.2312.
I see a Fibonacci retracement that has just taken place, and based on the Fibonacci extension I have set my target.
We are in a down trend, and the indicators are also pointing down/negative/short.
Open at 10.515, target 10.196 and stop at 10.603.
Fibs are made on 5 min. interval.
