Germany30
DAX 30 Bearish CYPHER PATTERN @ 10014Hi guys,
This is my first post regarding any indices or stocks as I was performing some back-testing of pattern formations on them.
This is a bearish CYPHER pattern @ 10014 and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% retracement levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 97 points x 2 = 194 points
Reward #1: 97 points. R:R = 1:1
Reward #2: 156 points. R:R = 1:1.6
Plan your trade... Trade your plan.
DAX either bounce at 9800 or fail for a Bearish Flag- Overall indicators have not shown any divergence and price action has yet confirmed
- It will be interesting to see how strong this support is at 9800
- 9800 level fits with 61.8% fib and gap fill
GER30 MAY TEST the LOWEST 947X to form 2 bottoms Here For my opinion , GER30, From The lowest from Feb 2016, Then Back to 10.520, Now As R at Weekly chart, Now GER30 easy to TEST 9.47X to form Two Bottoms Here .
DAX-30I think the wave of the decline that has recently started will be the last one before a sizable correction for DAX
GER30 - downside correction starting, or be more careful.Notes on chart. Just to keep in mind, even if some bullish bounces happen along the way.
DAX' FUTURE WITHIN 27,000 MINUTESDAX On the rise and only EU crisis can stop Mr. DAX - other than that? DAX will soar so much more that the investors wont believe what they see:)
What will be next?we might see the ear formation again.
Maybe Price is hitting his lower ear.
Beware if Yellen and Draghi have some more sweets than our dog pattern might jump and we hit the upper band of his ear.
Short deals for GER30GER30 closed below uptrend line. After that we could start searching for the entry price. Bollinger Band expension gave a good signal for opening short trades. When price closed out of Bollinger Bands, the low of the day was the place where open orders should be placed. Stop Level above MA20 and Profit Level between 8700 and 8900. MACD (H) and DMI confirm short trades.
New idea about dax with EWI got a feeling that the earlier upwards doesn't match any correction wave system, so this could be a really long A wave and we would be heading for B. What do you think?
German Dax ABCD within Trend | NICE RRNice harmonical move on the german dax. The potential buying zone lines up at 9500 even handle. Watch on lower timeframes for entries. Stops should be below recent OR (below 9400's).
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Exciting Day(s) Ahead !!! - Price has been trading in the range. just below 1000 mark for few days.
Previous 3 attempts have been rejected categorically. (2spikes)
Bears have not yet made a lower low. ( HH, HC) - Marked in blue.
With Month End approaching and number of News lined up, the we may see a clearer picture soon.
IF price breaks and closes above 10000 mark, it will look to touch 10400 level.
IF price fails to make a bullish high, it could continue on with the trading range play for longer.
Will keep an eye for setups in lower time-frame on this one.
