Hello traders. DAX has some big potential for downside. As I can see the correction is an expanding flat in 1D timeframe. It can still keep going up because we don't have any divergence in 1H in up impulse. But, when it completes the C wave, it will go down. Of course, there are some other options, so down move can be a correction instead of an impulse. The idea...
It has been really surprise for me.indices going up side without correction.this year jan every indices going upside without correction result sudden crash.same thing happing again.all indices going upside without correction.dax is need a correction it may go up until 13636.it need a small correction min 12736 or else we will see another heavy drop like jan.
Comments on the chart. Please note that at this stage this is one to watch only. There are bullish signs as well on the chart. I love chart patterns and would love to see how this one plays out
We can expect a small pull back to the first support line at: 12917.3, - The second uptrend support is founded at 12865 Upcoming: Afther the small pull back we can expect a nice rally to the resistance line at: 13032.8 (with possible break-out)
XETR:DAX As for the formation of the DAX, it seems to enter slowly in the final phase of a double zig-zag correction. It finished the initial ABC formation completing W of the double zig-zag, soon it will finish the X phase, that is also a an ABC formation and I expect another decline as the Y phase, that I guess will be another ABC formation. The price target...
dax has broken major resistance will retest and move up 100 pips target
Alright guys, I think we could reach highs of possibly 13400.0. Prices have met our first target, I don't think you should liquidate your position as yet. Think of it this way if prices swing in your favour, you've had a successful trade, however if prices break lower than 12970.0 you're technically first in line for a probable short! (WHICH I'LL BE COVERING, IF...
Short 12920 TP1 12650 TP2 12580 TP3 12420 SL 13000
In a previous post on the DAX I emphasized a very bearish stance regarding the DAX on the mid term. I still stand by that thesis completely . However, in the short term, there is an inverse head and shoulders forming , which would - if the neckline were to be broken - give us around 13.200EUR as a break-out target (probably a bit too high, looking at the left...
germany30 short 15min (1day - 90%)
Possible short in Ger30 after long raise, RSI H4 high. Possible raise in EURUSD expected. SL. 13.150 long term.