DAX 30 - Nov 8 and 9, 2016

by Evgenia Gencheva Tue Nov 08, 2016 10:39 am

According to me, DAX will reach today (Nov 8, 2016) 10580. I'll open sell at 10580, because I expect rejection at this price. Then (Nov 9, 2016) follows low test support, in my opinion to 10050, but I'll set pending order buy at 10100 with target 11000.
Of course I recommend using of standard stop losses 30 pips under / above level.
To be sure, that all pending orders sell at 10577, buy at 10100 will be reached and opened, I'll set these numbers. But according to my expectations DAX can reach 10600 or more 50 - 60 pips over 10600, before low test support possible even to 10000.

https://dwq4do82y8xi7.cloudfront.net/x/ysXLjDH3/