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Back on track: just 1 point behind year to date maximum.
GFIs1
edit 14:40 - the mentioned turning point @ 15774 for today had been reached indeed!
This number derives from the FIB lines (here 361%) which worked fine for the last 2 days.
Just my rule said stop the trade 14:30. Maybe the price will go down even more.
Good call today.
Yes, Dax tends to retrieve a lot of initial move at 14:30, even if it continues it later. I'm closing my trades quite often at this time.
I was long today, but after not breaking the high from 8:00 I cut it and reverse.
Thanks for your comments.
I will prepare the full chart with the trade channel from top to end of today: so you can see how accurate the price was moving along. Very interesting.
And from that important start of the channel the starting point of the Fib worked very good - for normal moves down and the the reversals up to the last Fib on its travel.
Let's see
Prigozhin and his mercenaries occupy Rostov-on-Don and are on their way north via Voronezh directly to Moscow and the Kremlin. Putin has just been flown out and is moving to one of his 'safe' residences!
Pure chaos.
It will be interesting to see how the Asian markets react on Monday. A gap down is very likely for the DAX - we'll see.
The only thing that is clear is that this incipient civil war in Russia is highly explosive. All stability seems to have dissolved. Perhaps Ukraine will emerge victorious, as the 16 month war could possibly end very quickly.