DAX Weekly outlook
DAX: 1h
Macro, line in the sand for me is 15170, so i will consider long positions above, looking for a break of the range 14820 - 15550, which would give us further directions. For now i think we should this treat like a range until broken, So long against 14820 and 15170, and short against 15550 until broken to the upside. (which is in this week i think, but nothing confirmed yet). if we get the break to the upside, the target is 16300ish. which comes together with Weekly R3. (quite extended for indices on the week, but possible)
If i see this thing start to loose 15170 and 14820 bounces to the upside, should be sold looking for 14k again.
hope this makes any sense.
Macro, line in the sand for me is 15170, so i will consider long positions above, looking for a break of the range 14820 - 15550, which would give us further directions. For now i think we should this treat like a range until broken, So long against 14820 and 15170, and short against 15550 until broken to the upside. (which is in this week i think, but nothing confirmed yet). if we get the break to the upside, the target is 16300ish. which comes together with Weekly R3. (quite extended for indices on the week, but possible)
If i see this thing start to loose 15170 and 14820 bounces to the upside, should be sold looking for 14k again.
hope this makes any sense.
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