Daxshort
DAX daily Supply - Daily Reversal pattern: Engulfing candle!All Trade Parameters shown on the chart. Short setup in daily Supply. Level on top of level scenario. I personally would combine both since we have a high Risk:Reward ratio on that trade anyways. But you can also play only the higher one to have an even bigger Profit Margin. Daily Reversal Pattern with an Engulfing candle. Looks like we reached the High of the Year.
Short at 12556 for 260 pips to 2015 high SL12680Due to geopolitical Tension + Merkal face coalition Talks
and also wall street have not consodilate yet
so i expect a pull back on 2015 high with 2 target first for in total of 260 pips
inmore i see a bearish divergence in h4
enter at 12556 SL 12675 final target 12290
RR 1/2.45
Weekly Dax analysis for 13.02-17.02Next week we can go upto 11840 and max down to 11480.
If Dax goes under 11640 till Friday we can see 11575 - 11500 - 11480 - 11400 and max 11200.
I will buy from 11690 - 11700 - 11720 - 11760 with TP 11805.
I will sell from 11805 - 11760 - 11735 - 11690 - 11640 - 11580 - 11540 - 11480 with TP 11408.
DAX 60min BULL dvg all indicators, shortterm couple of days?BULL dvg in MOM , RSI & MACD in 60min chart, often be a bullish sign.
BUT it's obviose a HS topformation, so here we have to be careful,
and watch careful for bearish sign's again, and if it turn down again....
This could also be used for a new better short-position again,
if that should appear :)
If it stay's over 650-700, that could also be even a stronger BULL-case.