Today I had a look on the daily chart and surprise surprise.. Back on September 23 I posted the idea "DAX - bounce approaching" and the red line pretty much perfectly. With a lot of wild swings, sure, but for a swing trade, it would've been good for about 4-500 points :)
I mention that I only moved the red arrow to the right so that you can see what actually happed with the price - before it was overlapping. ;)
One thing to keep in mind on the big picture is that we are approaching a pretty important TL. I am already looking for a turn, but do not intend to front-run this. If this bounce is over, we'll know by looking at the shorter time frames.
Good luck!
I mention that I only moved the red arrow to the right so that you can see what actually happed with the price - before it was overlapping. ;)
One thing to keep in mind on the big picture is that we are approaching a pretty important TL. I am already looking for a turn, but do not intend to front-run this. If this bounce is over, we'll know by looking at the shorter time frames.
Good luck!
