Corretion timeHi traders. Looks like 5th wave is over and we into corretion. as u know it's not going down in straight line. for long entry we might consider double bottom here.
Drive Safe.
Dax30long
DAX - DAILY - BUY SETUPDax - Daily time frame. I see a great buy setup on Dax for a quick 300-500 points move to the upside. Reason for the buy call is purely price action and simple technical analysis.
Pink Line BumpersGood morning traders. Croudy chart today. Lots of Pink resistance \ support LINES. Watch carefully US market & Euro Effect. If SPX continue his BULL ride, DAX will follow and retest top ORANGE channel.
Drive Safe
DAX30 corrective ABC12410.19 is pivot point for moving wave 5,
but the pivot point for whole moving wave 1 - 5
is 50% fibo retracement level, which is exactly
10940.27.
In my opinion, there is no reason corrective A in ABC,
not to test 50% fibo level.
Below 50% fib level is possible test 38.2% even 23.6% for C.
Train RacksHi traders. Watch the Bearish Bat.
The main Bat targets are marked, BUT i doesn't mean you cant join the train up.
SPX - to support our BAT pattern
Drive Safe.
DAX 30 German Index longs at weekly demandDAX 30 German Index breaking all time highs. Pausing on the weekly timeframe before a breaks out to create a potential weekly demand level on the way up if the second leg is created
New weekly demand zones created on the way up. Longs at weekly demand zones
DAX30 DWe have an impulse and now a correction. So we must wait to confirm the right way.
I failed at the 24th of April on the same point. I thought down but the market do what they do (every time).
Over 12600 we see new high under 12350 we go to 12k and 11800 where we must look what happend.
DAX the Double Zig Zag complete, looking higher (Elliott Wave)The downfall in DAX that started from the 12950 levels seems to have come to a halt even if temporary, right now it seems that from 12950 to 11870 we had a double Zig Zag type of correction, now the movement till 11870 could be the end of the corrective Wave iv or it could be the just the continuation of Wave iv as a Triangle or a Flat or some other complex formation however in either case we should see atleast a 3 legged up move from this level of 11870.
The position of Wave 2 can lead to some alteration and hence a change in degree that is why I have labelled Wave 2 at two different locations, however in either case I believe we have atleast 1 up leg remaining minimum as a Wave 5.
Trade Setup :
Also as you can see above it looks like we have a Triangle forming in Wave 4 of this impulse which means that we can enter long trades on a clear break of the (B)-(D) trendline.
In short the impulse looks a clean and has a triangle formation in Wave 4 which gives us clear trading setup, at this point I would also like to point out that triangles can often be deceiving, this structure can also progress as some kind of complex correction or as a triangle in Wave (B) of an A-B-C type of Zig Zag correction hence only trades if initiated should be taken on clear break of the trendline and that too with strict stoploss.
Long DAX or GER30 @ 12,000; TP 13,000 SL your choiceLong DAX or GER30 @ 12,000; TP 13,000 SL your choice
DAX possible bull flag and long opportunity to the ATHGerman Dax is forming a bull flag and could test the ATH during the coming weeks or days.
The trade it and leave it rule... why did I not follow it?I was alerted of this trade via my friend's analysis which I also deemed fit to enter at my own risk. At 2017.07.26, Dax retested the broken support (which was also the 8 EMA at that time) which resulted to a formation of a bearish pin bar.
At the split second that I've adjusted the TP because of 'potential greed,' I have not kept in mind the possibility of such movement when the gap was filled. At the time the gap was filled, Dax, without hesitation, reversed to the upside probably for some breather. Sadly, it hit my SL which were adjusted to my entry levels.
DAX30 Possible long, 12670 TargetPossible long in DAX30 as reversal of short till 12.200, trend channel.
Short in EURUSD required
DAX30Long after Double Bottom at Weekly Support Level.
SL: A few pips above Double Bottom.
TP: Next High if we see a strong rection there. If not -> let it run. Close trade when we get a Daily Close under Daily EMA5.
Cruding HigherGood morning Trader. As much as i know we all looking for Bearish attack, i still stick with BULLS, for now.
BUT, we must watch CRUDE OIL. as one can drag down markets.
I can still see Bulls momentum here in 1 hr chart.
so lets see how today will fold.
BULLS FIGHTHi trader. bearish days are comeing, and we did watch it on weekly chart i posted earlier this week.
today, until us open, i expect dax to gain some BULLS power.
won't be easy, since bears fear is here.
intimidate target will be around .50% retrace.
trade with care.
The Taxi is leaving ! All Abord !Hey Traders. What a Day ha ? We will continue our journy, this time we travel north.
Enjoy the View !
