3DES (MILAN or FRANKFURT) UP ON the tether line + hull moving average green! Long the 3Xshort and stop loss 4,89 . Rising Volumes , as before the covid crash
Short term high on the Dax
Coronavirus recession will come next and is going to be huge. Use reverse fibonacci level to constitute a long term short position...
Clearly, the chart speaks for itself, so I don't need to explain the details. It's a really high probability trade, so I'm risking 50% of my capital.
The Dax has recently played off of our short level the endless rotation at the 13305 was the indication that there is a stall in momentum from the upside. Meaning we could see a retrace. It's not as strong as the US equities due to the European economy, German economy and the monetary policy. We are watching the retrace into the 12880 support as the first pitstop...
we have more than reason like bat pattern . AB=CD . resistance line to short dax by following shown targets and stop lose This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So...
Looking to sell dax at the end of this week at around the close if it is bellow or near marked entry price on the weekly chart. Stop is very tight (if the price of wave 4 goes into wave 1 territory i consider it wrong).
Looking to short Dax on Monthly for forming ABC corrective wave of Elliot Wave
the index is forming wave B of wave 2 after completing a leading diagonal in the form of five waves up. expect the index to continue lower in the coming sessions before turning north again.
DAX had a good ride up North, about time for south - Rocksolid : Price action Forming....