This is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy...
after the market open any one can enter with the 1:2 ratio stop 110 pips and target 250 pips
It looks like a Bearish Pennant but there's a lot of resistance down there. Targeting a test of 38.2 on the down side and a retest of the highs on the upside
I have been watching the DAX H&S form for a while now. This pattern has now been confirmed with a break and weekly close below the neckline. A descending neckline indicates fundamental weakness and could imply a swift drop. I am short with a first target in the 10,700 area, and my ultimate target under 10,000.
We might have a nice trend reversal off the green MA with a hammer candle on weekly chart. Good luck.
Price has broken to the upside and formed a re-test of the previous resistance line. Sellers were not able to keep price in the channel, which suggests we can see another push higher. I have split the trade into three target take profits, all representing previous highs.
Look left, the downtrend signal is activated (drop beyond 120% of the biggest Retracement of the uptrend) Two group waves for sell: 1. At the H4 timeframe (group waves (1)(2)(3)...). 2. At the H1 timeframe (group waves 1,2,3...). Early entry: 80% Fibonacci (80/20% rule) Reasonable entry: Sell limited at 90-100% Fibonacci Late entry: Wait to signal at the...
It looks like a good structure, I'll see how it develops
the last short position on this index ... End Of B of B
at 12000 we have S3 pivot, previous volume developing POC and RSI on daily just confirms all of the previous. It can be a nice long setup.
we might see a nice reversal since MA (yellow line) holds pretty well and price analysis shows it could be a good signal for long
DE30EUR is decreasing. The exchange rate generates a second downward wave of a triple wave structure. The target price for the second downward wave structure may be around 11783. Then we expect a correction wave structure. Its peak is the intersection of a D1ATR axis. Area of 12215 level. Then the third downward wave, which is the target price of 10882, is completed.