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GER30-DAX

GER30: 13k as target for the fifth wave?Hello Ladies and Gentlemen I want to present you my newest idea for the upcomming movement at GER30 Index. The first wave started with an Island GAP which got closed fastly. This Island GAP sent me the first bullish signal. After a long first wave (625 points) the market recovered to the 50% Fibo almost perfectly. This area is the same level where we had the first GAP-level from the Island GAP. Random? I dont think so. After the recovery the market used the power from the 12190 support where probably a lot of new buyers came in who pushed the market to the 12450 level again. With beating the 12400 resistance we now have a strong support below. Since the 3rd wave is always the strongest, longest and most attractive (for traders) wave i expect to see a target at around 12840. This would be the 161,8% extension. After this long move there should be the second and last recovery wave which could run to the 12600 support which is a strong support area. At this place buyers could find a new entry to trade the fifth and last wave at least. The fifth wave is always the weakest wave thats caused by a possible end of the uptrend. Its the first signal for an upcomming big recovery. If its all running perfectly the fifth wave could find its end at the magic number: 13000! This is for sure a perfect picture of a upcomming movement but its feasible. I am looking forward to the next weeks :)
XETR:DAXLong
by StefanKassing
No Mans LandThe Dax has been reluctant to short term indicators as of late, and traders have seen more of an impulsive bull rally, often finding it hard to get a good entry. After this mornings Gap up, I will be sitting out, waiting for some form of confirmation. My long term view is a slight pull back and push up towards 13,800 (Upper resistance channel). Then we could see a retracement of some size, however not before tying it in with a fundamental reason. Please see my last post for a shorter term P.Fork I took yesterday, closing out at 3/1. The trade failed to retest the median line. This is my theory, please do not trade purely off of what I am posting, instead compare it to your analysis. I am wrong 40% of the time, so find your edge! Happy trading.
FX:GER30
by AdamBurtAmora