TAFA94

Possible LONG positions on the daily DAX.

Long
INDEX:DEU30   DAX PERFORMANCE-INDEX
We have two possible long positions on the INDEX:DAX .
1. If price touches the first blue area, check if there is divergence on either MACD or stoch. At the moment we can see MACD diverging from the price. If step 1 is fulfilled, continue.

2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H. Will demonstrate those patterns when the time comes. If step 2 is fulfilled, continue.

3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade. If step 3 is fulfilled, continue.

4. Long when PRICE makes higher high. If it doesn't and instead makes lower low, abort this potential LONG and look for the next blue area.

Possible reversal near following dates: 15 des, 19 des, 24 des, 11,des
Comment: The reason as to why I wanted to disregard this chart, was because I couldn't zoom in to Shorter timeframe. But since i've been asked to update this chart, why not. Price respected the first blue Level.

Comments

Jesus christ..wrong chart. Disregard this one.
Reply
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