DAX 30 - Oct 27,2016

[Evgenia Gencheva]

DAX is over support of the down line of bullish expanding triangle, but under rejection of previous support 10740. In this case I expect for tomorrow (Oct 27,2016), range between 10740 - 10600. Test support for today's bottom 10630 with breakdown of today's bottom, which means for tomorrow lower bottom than 10630, according to my calculations 10600.

https://i.servimg.com/u/f97/19/53/74/92/forex177.png



https://i.servimg.com/u/f97/19/53/74/92/forex179.png

[Evgenia Gencheva]

The bottom test was higher - 10640, than my expectation for 10600 (according to the expanding triangle in which is DAX now), which means that 10630 is good support. The is very good sign for continuing uptrend. But according to the fundamental data, today will be high volatility day and to the end of the day I expect test support to the pp 10730 of this wave, even lower to 10700.

https://i.servimg.com/u/f97/19/53/74/92/forex185.png

[Evgenia Gencheva]

DAX is under rejection from the previous support 10730- 40, which means will fall for fast test support to the pp of previous micro level 10680. But DAX is in uptrend as I say every day, few times a day, so you can take advantage of declines as buying every bottom.
At the moment I hold sell positions for scalping and will buy again from 10680.

https://i.servimg.com/u/f97/19/53/74/92/forex187.png

[Evgenia Gencheva]

Added new sell positions, target 10680 and buy orders at 10680.

https://i.servimg.com/u/f97/19/53/74/92/forex189.png

[Evgenia Gencheva]

Sell positions are closed on profits, buy orders are opened already.

[sri3331]

good job eva.

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