*Very important update on Dax (GDAXI)*
Part from our annual forecast e-book Dax year 2020 👇
*Key magnets*
13680,13703(1,24)
14485,14495,14583(15,3,18)
15105,15107,15176,15251(36,6,30,48)
15987,16124(12,60)
A. So far all time high of Dax is 13640.06 made on 22nd January 2020 which is close to high it made 2 years ago in January 2018 @13596.89 (technically it is Double TOP)
B. Yesterday (6/February) it was trading @13606.97 and closed @13574.82
*Forecast*
1. *Final high of DAX will come @15987-16124 (sell of year )*
3. *Dax is bound to see strong down move from each of the following levels :*
13680-13703
14485-14583
15105-15251 (waterfall decline )
☝️Stop for all short position 1 point above day closing basis
4. *Immediately I’m expecting one spike down in Dax short @13680-13703 stop 13704 day closing *
5. For long position
Day closing above > activation
13703>14485
14583>15105
15251>15987
*Above levels are valid for entire year 2020 . Decent profit can be made following above levels strictly long and short both with stop of 1 point day closing basis . Above forecast is for Dax cash indices ( not futures)*
