In My 2018, we have called on our readers to enter short positions at the then current rate of 12970 with the stop loss around 13650 area, https://www.econotimes.com/FxWirePro-DAX-GER30-enjoys-longest-weekly-Bull-Run-since-2015-but-that-might-change-soon-enter-short-positions-1327168
The call has been quite profitable with GER30 (CFD of DAX) trading at 11400 area, as stricter trade rules in the United States, higher payment for NATO countries and domestic political trouble rising from rampant immigration favor our outlook in DAX. In addition to that, the recent selloff in the global stock markets also suggests that the call is in the right direction, as trouble from higher rates continues to mount.
In our follow-up reviews, we have added several interim targets based on our calculation findings.
Several of our interim targets have been reached; 12380, 12100, 11810, 11500, 11000 and one more target is yet to be reached; 10200 area.
As our outlook remains negative against the DAX over the longer horizon, we would like to extend the final target from 10200 area to 9500 area.
Kindly note, this is a longer-horizon outlook, it should be understood that there could be and definitely would be fluctuations and bullish rallies from key support. Also note, that the interim targets also strong levels, so there could be bounce backs after target reach.