VF oppinion DAX 30

04.09.2015 / 11:27

Rating:

DAX downward trend, double peak levels 10381

Shooting star (pin bar) levels of resistance- signal for a possible new negative movement. Price below the bottom of the pin bar, which raised the possibility of decrease. Today, however, the index opened with a gap in downward, almost closed the bar afterwards and small graphic gives a signal of possible new descending movement. However, the levels are bad for new sell, because there is no where to stop. Appropriate levels for sell as much as possible closer to 10306 and stop 10 points above 10381.

CCI (50) goes below 0, giving signal to decrease. It is possible to mine a small graphics and look for suitable locations to sell with a small stop

Sentiment: the volatility of the stock market continues today while waiting fpr NonFarm Payrolls at 15:30, which will lead to sudden movements.
Stefan D. Angelov - Head of Stocks Trading

Varchev Traders

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VF oppinion DAX 30

London

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