www.varchev.com

DAX 30: goes in a negative territory on H4, gap, possible short

DAX 30 passed below MA50, CCI is under 0 on H4, which is a signal for negative moods.

Index started with gap and closed it, but the corrective move still remains, dangerous for new shorts. Sell positions only after a break of the index below 9597. The support at 9597 withstand, which is the 50% of the Fibo.

The moods on the stock markets are mixed, in waiting of the ECB meeting on 22.01 and the elections in Greece.


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance