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Buying The DAX After Swing Target Is Met
Steve O'hare from First 4 Trading is looking to trade the DAX Index, as we enter the sixth week of lower highs following an upward trend, which started in April. This is a significant turnaround and Steve says the bears are firmly in control.
Prices bottomed last week after the expected corrective rally stalled.
He is looking to buy on the open at 7840, for a stop at 7800 and his targets are 7910, 7950 and 8040.
01:16 minutes
Tags: bear market, bullish engulfing, dax, dax index, doji candle, fibonacci, first 4 trading, lower highs, markets, rally, saxo bank, saxo tv, sell-off, steve o'hare, tradeing idea, trader, tradingfloor.com, upward trend, video
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