Rising Wedge Pattern has formed and Next Target is the Trendline Top. If Breakout Rising Wedge Pattern, then the 2nd Target is 44000 (+135 %). I want to help people to Make Profit all over the World.
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Simple DAX analysis with indexes price index without dividend reinforced, dax performance with dividend reinforced and dax in dollar terms ...
GRXEUR Hello traders We have strong supply zone on the chart but now market oversold we may have correction something like flag patern or more complex we may go to near demand zone and if price dont break this zone we may sell sell from demand its a risky trade so you can wait until price break supply zone and then sell targets on the chart
Possibly movement based on Darvas theory. This is tradable as $EWG, or buy $DAX, buy $EURUSD
Thursday drop was worse in $DAX because $EURUSD rose.
Look at price action in Jan when it was last overbought. Clear pitchfork
Jan-27 or 03-Mar fractals, and time both suggest a pullback in DAXUSD. Implies sharp DAX drop.
DAX * EURUSD, ie in dollars offers a clearer parallel channel than DAX in EUR. The drop may be more EUR than DAX!
The $DAX expressed in USD has been in a parallel channel for over a month. Overlaying price action from Dec 23 (we are now at late Dec 29) gives a continual upward trend.
DAX is USD is usually clearer, and this channel suggests a recovery today and then further down. Of course you have to synthesise this, unless you go long DAX and short EURUSD
DAX in USD has followed tramlines for a week or two but now looks like it will break down. As EURUSD is not likely to fall further, this implies a substantial DAX move to the downside
Next buy area at green ballon, between February lows (8.699) and 12th February (8.967).
Brexit Financial Times poll 6 June: Stay: 45% Leave:43% Odds Betfair Stay: 70% Leave: 30% Something is not right, someone is lying and i bet are polls. Base on that i design a new up channel and a possible buy are to get long. Make your comments.
My stop profit was actived at 10.037 (DAX futures) during this night. For now i am out, waiting where DAX wants to go. May lows is the key for bulls and bears at this moment. Has you see DAX break the ascendant channel. If DAX close below 9.733 a re-test of february is a option.
DAX Look: return to levels of demand The key short-term support is at 9,900 points. DAX drop 1,03% which falls at about 14:30 hours of today's session. This has led to the price of our indice to close the gap at 10.057 points. Short-term the trend is bullish (until the price stay inside the channel DAX still in bullish mode) . We do not appreciate any sign of...
DAX is near to close the 10.057 gap. I will advice re-open (add more) longs at this levels
For the 1st in the last 12 months DAX make a new higher high. Of course DAX will have some pullbacks in this travel to new all time highs.