My expectations of DAX!Hi guys, I hope you are doing well
** The used time frame for my analysis is 1h frame on the chart, however, I used too the 6H, 8H and daily frames to see the bigger image which all support still my decision.
** As you see the purple trend line which acts as a strong support to the price to push up from.
** The red triangle is very important here too, as the break through (not by a wick but by a closed closed body) in either way will determine the direction if it will be bullish or bearish however, I see the pure wish to break to the upside of the triangle towards 44460-44470
** I hit already on my previous idea for Dax 4 TPs in a row and I am looking to the 5th one here so I created a separate idea for to make it clear.
** The whalers understand well that small retail investors are looking to short so they enjoy hitting their stop losses and in mean time they did not reach to their target yet as I said that early enough to catch the bullish wave profit and I see still a room to go further up.
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.