Short DAX at 7740
- Thread starter ASusilovic
- Start date
I am really impressed ! Maybe I am in a wrong movie ! 
They will not be able to sustain rally IF & WHEN monthly histogram actually closes either @ or preferably below its centreline. At the moment from a technical point funds are acting upon lower time frame charts which show bullish reversal signs.
Trouble with waiting upon monthly histogram to do the above is that price would most likely plummet, one has to be aware of this near the time to catch that 'tsunami' type sell-off, pure human behaviour.
Seeing a failure swing here just below R2, retracement? I hope so
But histogram on 1 min starting to look bullish, so I am not convinced, still short 1 lot.
Covered -1, I don't like going against such a histo pattern
Trouble with waiting upon monthly histogram to do the above is that price would most likely plummet, one has to be aware of this near the time to catch that 'tsunami' type sell-off, pure human behaviour.
Seeing a failure swing here just below R2, retracement? I hope so
But histogram on 1 min starting to look bullish, so I am not convinced, still short 1 lot.Covered -1, I don't like going against such a histo pattern
Quote from JSSPMK:
They will not be able to sustain rally IF & WHEN monthly histogram actually closes either @ or preferably below its centreline. At the moment from a technical point funds are acting upon lower time frame charts which show bullish reversal signs.
Trouble with waiting upon monthly histogram to do the above is that price would most likely plummet, one has to be aware of this near the time to catch that 'tsunami' type sell-off, pure human behaviour.
Seeing a failure swing here just below R2, retracement? I hope so
Covered -1, I don't like going against such a histo pattern
Little irony on our way up :
German economic news gazette "Handelsblatt" frontpage headline today :
"U.S. Economists fearing recession"
HA, ha, ha....
