Possible 3 wave patternThis is a short term forecast. I expect the DAX to climb higher and take out the 2015 highs later at some stage. Trade with your own proven strategy! Abide by your stops!
GER30-DAX
Shine on you diamonds - GER30~ Hourly diamond formation on the german DAX. The daily trend is upwards, climbing to the top of a canal. I will wait for the breakout though as any good trader would, and would indicatively state 11960 as a target if bull breakout, and 11540 if bearish breakout.
Cheers ;)
DAX possible shift to new rising channelAction above red line hints at formation of new rising channel. Will DAX shift?
Think we have our break.I am short since break below what I see as a neckline , stop in place at 11.600
Dax Short -> Long 13.01Sell Dax at 11530
SL 11565
TP 11400
Buy Dax at 11400
SL 11375
TP 11620
Range between 530 and 620
Under 530 it will go down to 480 - 400
Over 620 it will continue to 700
Good Luck!
DAX - 5 waves as "C" leg targeting 12500Some waves exposed.
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Happy trading!
GER30So my last outlook for the GER30 in 2016. Next week it can be volatil cause no big players at the market.
The options call jan 2017 at dax is the most oi at 11800 yesterday 10881 contracts.
the next big oi is at 11500 with 7158 contracts.
10800 and 10700 the next big oi. so i thing this ist the range. www.eurexchange.com
Puts oi 2017 jan are at 11300 with 6388 contracts than 11000 and most at 10800 with 14,734 contracts
So this could help you for your decision for your trading plan.
DAX WeeklyThats my look on the weekly chart on the DAX, Both structures in the two green rectangels may be similar.
*This is not elliott wave count, its just my way to lable the structure. Line thickness indicate thier possibility.
-It looks like that DAx may be doing this now, ofcourse ther will be some corrections on the way up, and thats good to add some more longs on the way.
-The impulsive wave will be confirmed after first breaking the @11580 then consolidating without breaking @9700.
-That is a weekly chart, so we will be shorting some times in the correction levels but on our way up.It#s just to look from time to time where we are in the bigger picture.
-Until 1st week of december, DAX most likely go straigh up, without major corrections, but be careful in end of december and in January, some corrections to the downside there is 90% will happend.
Forecast for 23-24/11/2016TP 10817
As always, this is just my take on things and I urge you to trade your very own plan!
Good luck!
Forecast 18/11/2016TP1 10572, TP2 10555 and TP3 10530
Thank you for viewing my idea! As always, I urge you to follow your own plan.
Wishing you good luck trading.
DAX shorts61.8% fibonacci level coinciding with a daily supply and demand zone. Previously stuck in a downwards channel and is seeking liquidity for any further moves higher. I would expect to see more re-tests of this downward trendline before any significant market structure changes.
Daily-Weekly Forecast GER30Presidential elections of the United States of America is over. Congratulations Mr. Donald Trump
We have got several interesting and profitable trading opportunities.
GER30 is aiming high but current area has been declined several times.
There is resent "bull-trap" in this area as well form previous days on 4h chart.
Currently I have active SHORT Trade with TP 10200 (Slightly higher than previous swing low).
Current expectation is to fill TP by end of this year
Opening gap up to me means I will stick to my plan and hedge+hold current positions and if possible will add form higher tops.
Good Luck!
