Keep it simple on DAX (GER30)

Simple strategy:
  • If the top resistance marked with blue is broken out with a trigger candle, then buy and hold until it reaches the green line. This profit zone is a weekly peak.
  • If the bottom support marked with blue is broken down with trigger candle, then sell and hold until it reaches the green zone.

Don't measure these lines point by point. The reliable signals are trigger candles called marubozu candle.
Lower timeframe is useful for finding the signals sooner.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out