I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.

This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.

Sunday, 9 December 2018

Germany DAX Expecting Mark Down towards 9,800


DAX

After almost 2 years of consolidation . DAX is currently in Mark Down phase. Index broke a significant upward trend line last week. We will expect Mark Down continue towards 9,800. 

9,800 target was established based on: 
- 2.168% Fibo projection 
- Previous Resistance-turned-support 
- Whole Number (Close to 10,000)