(L-S)- Long First & Short Later
The fall of 10730 was impulsive & almost came close to prior swing low@10190. Recent Low was 10212- Likely looking for a push upside on account of U.S. Elections -which could be short lived, so if DAX fails to cross 10730 or go close to that end- looking at all possibilities, we should avoid taking any long positions in the zone 10500-10730- rather plan to exit markets.
In all scenario- Nov-Dec 2016 could be bleak for European markets. Going into year 2017- first few months shall be better, but ultimately- it should continue down
Primary Strategy
We should look for bearish opportunities if we get the index in the range 10500-10700 with key resistance at 10730- This view gets invalidated if DAX crosses 10730 highs.
Alternate Strategy
Look for any bullish opportunity only if we get a close above 10730- key level
The fall of 10730 was impulsive & almost came close to prior swing low@10190. Recent Low was 10212- Likely looking for a push upside on account of U.S. Elections -which could be short lived, so if DAX fails to cross 10730 or go close to that end- looking at all possibilities, we should avoid taking any long positions in the zone 10500-10730- rather plan to exit markets.
In all scenario- Nov-Dec 2016 could be bleak for European markets. Going into year 2017- first few months shall be better, but ultimately- it should continue down
Primary Strategy
We should look for bearish opportunities if we get the index in the range 10500-10700 with key resistance at 10730- This view gets invalidated if DAX crosses 10730 highs.
Alternate Strategy
Look for any bullish opportunity only if we get a close above 10730- key level
交易开始:
13:56 Hrs 8th Nov2016
Last Price@10450's
Wow- for gap here in DAX index
Last Price@10450's
Wow- for gap here in DAX index
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)