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GER30-DAX

GER30 Dax good Bullish Target in VERY STRONG Bearish Area.COMPLETE Technical Analysis of GER30 Dax GER30 ( DAX ) Double 'W1" High candles broken for bullish move in the next weeks and maybe months. W1 target Convergences : 11'945 - W1 Double Highs heigth - Past D1 swing low - MN1/W1 Bearish Head/Shoulders pullback area Even if we had a heavy MN1 "head and shoulders", the market has drawn a good break out : - Double W1 high broken. - MN1 "mother candle" broken. - First near target high probability. (+ past swing low at the same level). Only buy in daily basis for "day trading" above 11'690. And if we finally break down under 11'390, then sell. W1 target Convergences : 11'945 - W1 Double Highs heigth - Past D1 swing low - MN1/W1 Bearish Head/Shoulders pullback area
FX:GER30Long
by HACK_inthe_MARKETS
Either a triple top or an inverted H&S: Crucial week1) Most indices retraced 50%, and we are at a very important turning point: if indices breakout cleanly there resistance (for instance SP500 at 2610.8, among other ones) then I would reassess my short bias as we would go back to potentially bullish territory (however, this would mean that the world and its economy become rosier --- no more issues!). The DAX could then retrace everything back up and reintegrate previous broken support levels. 2) In case it doesn't work out, then a triple top could be validated if a clean breakout occurs as well. We could retest all the leg down (80-100%). As volume is decreasing, I believe we had fake rallies and simply witnessed a great technical bounce (see monthly charts) while retracing a down run on US indices. We shall see, everything has to be decided tonight and in the following days in my humble opinion.
FX:GER30Short
by UnknownUnicorn569872
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