#4 Project Trade Like A Pro, DAXDear beneficiaries of Project Trade Like A Pro,
I'm very exited to present: our 4the team chart! You've selected DAX by voting on Trello. trello.com
We've combined our team knowledge. This knowledge comes from different pro traders with different TA background. We've selected a pro traders team on different TA skills, to see if all analysis point in the same direction and if so, everyone could benefit from these analysis. Every trader has been selected on their own TA-skill and made a chart while using only that skill. You can follow the charts day by day on our Trello Teamboard: trello.com
Check it out and don't forget to vote for next weeks, Stock , FX, Crypto, Future or Index . On our Trello Teamboard you can also find our previous combined charts! If you have any suggestions, feel free to add them! If you have any questions, please do send me a DM.
Here you've the final results for this weeks chart on DAX.
Short term:
2 Short
0 Long
5 Waiting
Long term:
5 Short
0 Long
2 Waiting
Fibline - Green - Waiting
Wait until the resistance gets broken, if it does gets broken DAX will probably go down more.
LeoYao - Bleu - Short
Wait until the triangle gets hit, if it breaks down below the triangle again DAX will see new lows.
PooyaSalehipour - Orange - Short
Expecting to see DAX go down more.
Criss100 - Purplish - Short
Based on the ema's sell the pullback. But be cautious because the banks were recovering on Friday.
Fib.The.Gentlemen - Red - Short
At the moment with all the fear about Brexit and more and more countries leaving the EU its a mindgame for all people investing. Very fragile structure at the moment. Brexit gave a huge down gap which was bought immediately. Were making lower Highs... and lower Lows. Fib Extension Confluence tells us even lower targets. 55 MA Cloud moving under 233 MA Cloud. At the moment 55 MA Cloud is near 233 And could move right in 255 MA with some Bullish pressure. THIS would trigger a Sell Signal. So watch on lower timeframes - IF we rally UP - Sell the Daily MA Clouds. And Check lower Timeframes for more confluence and Entry Points.
Daily.Pips - Black
DAX still in downtrend, expecting a bounce from here to test 10000, which I think will fail and will consequently retest the low of the year to around 8800
Maddie - Pink - short
DAX is still in a downtrend, just wait until we see a new pattern arise or wait until an important trend line gets broken. Due to the economic issues and the DB reaching a ATL we will probably see new lows on DAX as well.
If you still have any questions after reading this, feel free to send me a DM.
We hope this provides you the knowledge you need! We can’t wait to see what's coming up for next week.
Please, don't forget to vote on next week's chart on our Trello Teamboard: trello.com
Good luck trading!
Members of Project Trade Like A Pro
