De30
DAX 30- Possible Bullish Momentum on the Retest On Trend line?- A very decent long opportunity on the rests of the trend line.
-The fib level 23.8% is in line with the demand zone which adds extra confluence that price could potentially retrace from that zone.
-The trend line is also in line with the demand zone and 23.8 fib level which indicates that this is a good high probability set up.
- The 50EMA is below price which conveys that the DAX30 is in a bullish trend which is another confluence to go long.
-To enter this trade, I would wait for a strong bullish candle confirmation on the lower time frame.
Lets see how price reacts during the week.
Please leave a like and a comment on your opinions/ideas for this trade!
DE30 sell ideaI see the DE30 in 9950, if your strategy compatible with my analysis click like, good luck
Dax Short SetupIt can be expected head shoulders trend line breakout lower time frames..
For agressive entry before;
DAX - bearish gap still holdsThe German DAX index for the third time has tested the bearish gap which has appeared in March. The price again retraces from that level, so the bears still may be active in this zone of potential resistance.
If the gap is defended we could expect another drop to the bullish gap from April. It is located near 9500 pts. The move above 11600 pts. may change the view from bearish to bullish.
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Dax idea - multi time frameDax tried to go lower and found support this week
this isn't over yet. Next week i believe we will have some positive days moving towards the wave (4) a key resistance level for dax. It is expect to see a rejection at his level bringing the price down to complete last wave (5)
attached to this idea is the Sp500 and last week De30 analysis
Last week i mention we were going to move towards an ABC correction and looks like we are on track. Take a look at that chart too
DE30 IS LONG FOR THE NEXT WEEK THEN SHORT GET READY FOR THE RIDEDAX will hit the 0.50 next week and will reach the level 10730, from there it will bounce back to test the resistance level and I will be watching the price action for short.
Let's RIDE THE WAVE