German Stock Index DAX (A minor pullback is in the making)
Updated
Updated View On German Index (22 July 2019)
DAX is in the "potentially minor" pull back at the moment.
I expect the following support levels can stop the price from going lower. They are 12,200 and 12,080 region.
So, if you want to buy in, be patient and wait for a good set up to appear.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
DAX is in the "potentially minor" pull back at the moment.
I expect the following support levels can stop the price from going lower. They are 12,200 and 12,080 region.
So, if you want to buy in, be patient and wait for a good set up to appear.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Note
Updated View On German Index (22 July 2019)The expxcted minor pullback of DAX ended abruptly and it has broken up a decent S/R region of 12420-12500.
If the price managed to stay above that mentioned region, we can expect further uptick move toward 12,600 regions.
Trade closed: stop reached
Updated View on DAX (7 Aug 2019)Our analysis is no longer valid. It gets stopped out.
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