IDEA: Expecting long move with support at 12507.5 @ Daily S1 pivot & resistance @ Daily S2 pivot 12612.4 . Fibonacci support along the way.
DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
I like your chart .. I am not an expert however been watching the DAX for the last one year..
Question : do you think DAX may go long and leave the current GAB or should close GAB first then go long..
Thank you for being patient ..
regards,
Ahmed
fionnablack
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@ahmedhamdan, Hey Ahmed, the weekly pivots are on the chart below. It looks there is definite potential to fill the three gaps to 12304 and then get long to 12673. I don't counter trend trade, so i will be looking to buy dips on a weekly or daily chart with pivot signals even if it is in retracement. I hope that as helpful! Good luck with your trade ;)
I like your chart .. I am not an expert however been watching the DAX for the last one year..
Question : do you think DAX may go long and leave the current GAB or should close GAB first then go long..
Thank you for being patient ..
regards,
Ahmed