DAX: Mighty DAX! 🦆🦆🦆We cannot get enough of this pun as the German leading index is yet again pushing for another bullish run. Even though it missed the target zone by less than 30 points, we are happy about the way things turned out and are looking forward to seeing the index reach the 16000 point mark. First, it has to crush through the 15590 point barrier which should not be a big deal.
Happy weekend!
FDXM1! trade ideas
dax buyer target 16000 if you draw trend base fibo EXTENTION(projection) you will see 16000 (orange fibo in photo)
www.tradingview.com
if you draw it on last N shape ,it give you gap1=14850 and gap2=14650 seller target
note=fibo extention most important level=61%-100%-161% hide others (it is good on zigzag markets like dow dax,not good for trendy markets like gold,forex)
fbs.com
how load it in Metatrader
www.tradegoldtrading.com
all posible scenario today dax must start go down , in 3 place you must buy but trend will + ,if dax can break up trend line ,can fly up to near 16000
personaly i predict = dax today go down to 14980 fibo 61%(dax love pull back to fibo 61%) then will start new + trend to near 16000
ALERT= be carefull for pick sell on upper trend line 15250 ,dax can break it up and never pull back,100% put SL=40 or last high 15295
put buystop on 15270 and buylimit on fibo 61% 14980 (sl=low 14830) wait 7-8 day is powerful idea
if you have open sells ,close them on fibo 61% and put hedge buystop 153000(if this buy open, never close it before sells,frist close sells then buy) (if you in futures market use micro dax FDXSM2021 for hedge)
Elliott Wave Analysis: German DAX Remains In The UptrendHello traders and investors!
Today we will talk about very nice and clean Elliott Wave pattern on German DAX, where we can see a clear impulse in progress.
We are tracking an impulsive five-wave cycle from 13300 lows nicely connected within channel range. And, after recent (A)-(B)-(C) corrective decline in wave 4, seems like DAX can be on the way even higher for wave 5 towards 15700 - 16000 area.
Today we have seen a perfect rebound from the channel support line, previous wave 1) swing high and 38,2% Fibonacci retracement, which clearly indicates for a bullish continuation back to highs.
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as we predict 20 days ago,dax fill gap 14850this mean 80% we will see new + trend to 15800-16000
20% can go down fill gap 2 in 14650 then fly up to high
if you have old sells 100% close all now , dax in way to 17000
advice=looking for buy , dont allow 2-3 red candel force you open sell(trend is super +)
keep monitor AC accelator occilator (if you dont have it use stoch 5.3.3) in 30-240min chart
now AC on 4hour going to green =+ trend,buyer comming
good luck enjoy bull market in 2021-2022
exclent company earning profit news=+ energyin comming week dax can go up for new record (it can start new + wild trend)
if it can break low ,must touch 14850 then fly up to 15800
advice =going sell is very risky ,trend is powerful + so stand on buy side ,looking for buy in deep (and buylimit on 14850 with tp=15600) dax easily can fly to 16000
KEEP MONITOR AC (accelator occilator indicator) ON 30-240MIN CHART (on dax full time chart not on cash xetra dax) when AC is green ,looking for buy not sell
dax on germany inflation news break down but then in evening dowjones fly up ,so on dax buy pressure will be high (company earnings comes exclent)
AC accelator and stochaatic on 30-240min chart have sell now
ALERT= if dax break up trend , can start new + trend to 15800 , personaly predict dax after little down move can fly up even 16000, so be carefull from sell 100% put sl
company and retail traders open orders on FDAX
www.comdirect.de
dax was range on monday ,put sellstop buystop is clever idea still we sure dax must fill gap on 14850 (fibo 61% there too) if dax want to grow to 17000 must fill this gap
for
arrow=important place you can put limit order with SL =40
now AC and stoch 240and30min show seller comming
secret of dax =when you seen dax is range 100% put buystop on 5-6 point above high(SL= day low) ,sellstop in low with trailstop=40 tp=min 180
in long term you must see 3sl 7 profit
dax on this weekred fibo show dax frist must touch fibo 61% ,then if can break trend will touch fibo 161%(in way to fill open gap 14850
but if can break up trend , must go to green fibo 161%
pick sell under 15290 with sl on up trend is good idea anood wait 2-3 day to 14850
but buystop on 15320 sl=15160 tp=15590 is clever order