Блог им. wannatradelikePTJ |DAX update

After a choppy deceptive trading in the first two days of the week, Dax June 13 is falling down dynamicaly. This implies a lot of downside right ahead. The risk to this view is if the market return trading back above 8300.
DAX update 

Блог им. wannatradelikePTJ |DAX update

After the brief penetration of previous low, Dax June 13 has quickly reversed to the upside. My indicators turned long across the board. Now I shall entertain the possibility that market is going to make new recovery high before the downtrend will finally kick-off.

«Ego is how you lose money in this business. I put a trade on, and if it doesn’t start working straightaway, I respect the price action and cut it fast.” Michael Platt, founder of Blue Crest Capital Management


DAX update

Блог им. wannatradelikePTJ |DAX update

My system covered short at today's lows and is now «long». I am off for week-end. 
DAX update 

Блог им. wannatradelikePTJ |DAX update

Dax June 13 has sold-off dynamicaly, thus reinforcing the outright bearish scenario. My prop indicators turned «sell» by late evening yesterday on smaller TFs, and larger TFs are turning into «sell» mode now. More downside from here would imply the immediate decline into 7400 area. Stay tuned.
DAX update

Блог им. wannatradelikePTJ |DAX update

Pattern in Dax June 13 becomes messy. There are several possibilities to interprete last swings. But my prop indicators turned long across the TFs. I move with the flow.
DAX update 

Блог им. wannatradelikePTJ |DAX update

Dax June 13 has reversed down late yesterday and proceeds lower today. Bearish case stands intact. Stay tuned.

DAX update

Though, medium term it is too early to seal the bearish case. There is a possibility that market is finishing the last down leg of a zig-zag correction. If so, new recovery highs will be achieved before the real turn down. Price action in coming days will clearify.

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Блог им. wannatradelikePTJ |DAX update

Dax June 13 continues to trade higher today, exceeding my target 8450 and now is howering at 78,6% retracement level. There is no reversal-down in sight  as I write this, and trading above 8500 would shift odds for more upside ahead. 

Блог им. wannatradelikePTJ |DAX update

Dax June 13 has been expectedly trading higher trough the calm session amid closed banks in London. Price by now has retraced enough complete the whole upward correction.  But there is still  a decent probability that market could extend higher up to ~8450. Systematic signals are contradictive across the TFs.    
I think market has a significant downside potential  in days/weeks ahead.
DAX update

Блог им. wannatradelikePTJ |DAX brief update

Dax June 13 traded through a pretty choppy session today, with downward bias. Still there is a fair chance for a terminal swing higher to ~8450 in order to complete the upward correction.  Indicators on higher TFs (H1 & D1) remain firmly in the «sell» mode, though. 
DAX brief update

Блог им. wannatradelikePTJ |DAX brief update

Dax June 13 had a 300 points dynamic sell-off after reaching my stipulated targets above 8500. Taking into account the dynamics of the downmove, I am switching to the alternative wave count I've shown the other day — that is, the  Dax has topped on 22 May. This implies much more downside outright, with targets below 7400. Short term, a residual upswing to ~8450 is possible, but any such upside should be retraced down thereafter, immediately. Stay tuned

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