nakedchartist
Long

DAX30 5 weeks up trend, current bull flag channel breaking out

EUREX:DY1!   DAX Index
5 weeks of uptrend, I am going to play dumb and follow the weekly trend.
Last week did not seem to have any bearish impulse move for me, and I have found d1 line chart support at 9597.
There is a 8 day bull flag channel. A pity i do not have h1 access, as there is also macd price divergence which convinces me this channel is meant for future upthrust.
i will also be able to show clearly entry point on the h1 timeframe.
Will be looking for several Tp level, and ultimately 10,000 will be the aim.
Lastly, I am looking at the intense volume for past 2 days. Not an expert in volume based analaysis, but perhaps high volume suggests strong interest in dax             coming in v soon.
so TP1 has reached. A break above Tp1 means trend continuation n hence towards the next level. Will observe the price action before deciding to shift other pos to BE or not.
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nakedchartist nakedchartist
TP2 reached. Awaiting Tp3 the ultimate 10,000
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