DAX 30 - Nov 14, 2016

[Evgenia Gencheva]

DAX 30 is below strong resistance at 10798, but we have already breakdown 10000 - US election candle low 9961.90.
There is more possibility for test to the current bottom 9961.90, than new breakout of 10800.
Other reason is unhealthy fast recovery. 9960 is not strong support for DAX, at all.  
For tommorow, I expect rejection at 10700 and test to 10600 with breakdown.

https://i.servimg.com/u/f37/19/53/74/92/forex_84.png

[Evgenia Gencheva]

DAX broke last night 10700 resistance and I shorted at 10755. DAX movements are caused, because of the US 30 consolidation after new ATH last week. Currently US 30 still has no top and we'll see top tomorrow. I hold small short only 1 lot from last Friday and will short again tomorrow.
At the moment DAX is going for test to 10690.

https://i.servimg.com/u/f37/19/53/74/92/forex_86.png



https://i.servimg.com/u/f37/19/53/74/92/forex_88.png

[Evgenia Gencheva]

As I said, Nasdaq chart is more clear than the other indices charts, so Nasdaq weekly chart already shows, that this index is below strong rejection 4780 level. The way is down.

https://i.servimg.com/u/f37/19/53/74/92/forex_90.png

[Evgenia Gencheva]

US 30, double top 5 min. chart. Added new short.

https://i.servimg.com/u/f37/19/53/74/92/forex_92.png

[Evgenia Gencheva]

Corrective waves for US 30 to 18910, for DAX to 10730. I bought DAX already at 10703. Support at 10690 is reached. And I forgot target for short US for today is 18820. I will enter with new short US 30, after corrective wave to 18910. I bought and US 30 before minute.

https://i.servimg.com/u/f37/19/53/74/92/forex_94.png

[Evgenia Gencheva]

Corrections are completed, for US 30 to 18883.20 and DAX to 10715.60. I shorted.

[Evgenia Gencheva]

Shorts were closed on the bottom tests. I bought DAX at 10738.60, tp 10770. For Nasdaq buy, tp 4770.

https://i.servimg.com/u/f37/19/53/74/92/forex_96.png

[Evgenia Gencheva]

Keep long for US 30 and DAX. There's no possibility for test today US 30 to 18820. I had lots of conversations, chat with my friends work in banks, even few bankers my friends. All of them are surprised of the reaction of the market after US election. Industrial companies are OK with mr Trump. Nasdaq is falling like stone from the space. Lol. DAX follows US 30.
DAX 30 - the best index, follows only in one direction UP.

[Sponsored content]