DAX- Still Looking down for impulsive (iii) wave

14 nov. 2016

Likely DAX is struggling between key levels 10730-10830 this zone can act as resistance & we shall be looking down for impulsive ((iii)) wave down.

Key resistance- 10827 should not be taken out on top.

Bounce done

17 nov. 2016

Transaction en cours

20:41 Hrs 17th Nov2016

17827-17830 is protected till then we will look for impulsive -wave 3 down in coming days

22 nov. 2016

Transaction en cours

20:42 Hrs 22nd Nov2016

Last Price@10746

Prices are struggling to go down. we will close this position & wait at sidelines as any move above 10830 -will indicate that it wants to head upside & buying some more time before it falls big. Going forward selling can be seen only below 10595 if sustains.