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Lucas: Two ways to trade the DAX

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June 24, 2015 3canalysis, dax, dax bearish, dax bull, dax bullish, dax downward trends, dax futures, dax index, dax index bearish, dax index bullish, dax index trands, dax index trends, dax price, dax rally, dax record high, dax support, dax support levels, dax target, dax trading, equities, equities prices, equities saxo, equities trading, equity, equity index, equity market, equity markets, equity platform, equity portfolio, equity portfolios, equity rise, equity strategy, equity trading, german, german dax, german economic data, german economy, german exports, german gdp, german manufacturing, german stocks, germaneconomy, germany, germany dax index, germany economy, germany gdp, germanys dax index, qe, quantitative easing, rallies, rally, saxo, saxo bank, saxo tv, steve lucas, trade idea, trader, traders tale, trading, tradingfloor.com
The DAX is at interesting levels technically, says Steve Lucas from 3CAnalysis. A weekly hammer at last week's low has come from a 50-62% pullback target to the 2015 gains, he explains. He says he's been bullish on the DAX all week.

But while there is no sell signal, Steve points out that the rally has stalled at a weekly bear trend. He notes that this is also about a 62% recovery to the losses posted since April's high.

This Wednesday, Steve will do one of two things. He will either:
Buy: 11643.0
Stop: 11573.0

Or he will:
Sell: 11451.5
Stop: 11521.5

He will update his trade on Trading Floor later.

https://www.tradingfloor.com/about/niird