Ger30: Completed Elliot waves.

FX:GER30   DAX Index
349 8 3
1D Chart

3 Elliot waves Retracement created Bullish "classic" ABCD pattern .

  • These theories are more suitable for indices and stocks.
Test buying at 61.8% retracement. - even though it did reach to 76% and fell back.

TP: 12000
SL: 11000

Note: This chart is for study diary only.
waiting for the result.
Tested done - it reach 76% level again :|

. Close trade - TP at 11 565 - 40% target
. hedging technique did not achieve due to TP too low to reach.

.Set Sl: +60 pip after achieving 180 pips
.Risk level: 0%
.Short term Up trend continue
.Above MA

Trade plan: Positive

MIchaelTran MIchaelTran
Prepare for hedging technique.
Set sell order at 11490 with 1/2 buy lot - TP: 11400 SL: 11540
. Target for 90 pips

. Set SL : +10 pip After achieving 82 pips.
. Risk level: 0%
. Low bottom signal
. Short term Up trend signal
. Above MA

Plan trade: positive
MIchaelTran MIchaelTran
MIchaelTran MIchaelTran
pips counting base on chart
Let's see how far it can retest.
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