Hello to all watching my charts.
Dax now is in a consolidation mode.
I prefer at the moment the lower side
with a 60 to 40 percentage.
The reason i have no fine feeling for staying long is
that we see lower lows and lower highs.
I tried to marked it whit the red lines.
In classic charting thats a downtrend.
But after the strong rally from 11640 to the level 12100
we must be carefull to indicate that directly as short-
Maybe as i told you above its only a consolidation
Break 12050 as another lower low would be a short confirmation
I think no position here at the moment is the best position in my oppionion.
If you had been on the long side take the money and go.
Good trades
Renkotrade
Dax now is in a consolidation mode.
I prefer at the moment the lower side
with a 60 to 40 percentage.
The reason i have no fine feeling for staying long is
that we see lower lows and lower highs.
I tried to marked it whit the red lines.
In classic charting thats a downtrend.
But after the strong rally from 11640 to the level 12100
we must be carefull to indicate that directly as short-
Maybe as i told you above its only a consolidation
Break 12050 as another lower low would be a short confirmation
I think no position here at the moment is the best position in my oppionion.
If you had been on the long side take the money and go.
Good trades
Renkotrade
