Action above red line hints at formation of new rising channel. Will DAX shift?
I am short since break below what I see as a neckline , stop in place at 11.600
Short @ 11.625 - Stop Loss 11.718 - Take Profit 11.392
The breakout was heavy, hope you saw it coming...
Sell 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!
Brexit Speech, long 1h chart trend channel... 11.550
Some waves exposed. If you like this analysis and want updates, please click "LIKE" buttom. Happy trading!
So 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...
Expecting a breakout to the upside soon, target 11388 by year end.
Thats 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...
TP 10817 As always, this is just my take on things and I urge you to trade your very own plan! Good luck!
TP1 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.
61.8% 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.