DAX downward trend, double peak levels 10381
Shooting star (pin bar) levels of resistance- signal for a possible new negative movement. Price below the bottom of the pin bar, which raised the possibility of decrease. Today, however, the index opened with a gap in downward, almost closed the bar afterwards and small graphic gives a signal of possible new descending movement. However, the levels are bad for new sell, because there is no where to stop. Appropriate levels for sell as much as possible closer to 10306 and stop 10 points above 10381.
CCI (50) goes below 0, giving signal to decrease. It is possible to mine a small graphics and look for suitable locations to sell with a small stop
Sentiment: the volatility of the stock market continues today while waiting fpr NonFarm Payrolls at 15:30, which will lead to sudden movements.
Stefan D. Angelov - Head of Stocks Trading
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.