AdrianRaymondFX
Long

Channel support in focus on the DAX

FX:GER30   DAX index of German listed shares
620 11 7
The German DAX index             is hitting fresh 6-month lows this morning, but we may see prices start to rebound if 11,400 holds in the next couple of days. There is a channel support at around 11,420 plus the January 27th low at 10,550 to be watched closely today and tomorrow. Given the longer-term uptrend and significant rally at the start of the year, I'm inclined to think that a major market low around these levels would give way to a new leg back above 11,500 over time. Anyone who believes that the DAX             is currently in a bullish flag formation would agree with this reasoning.

While it's too early to say if my support area will hold, I would be actively seeking bullish hints in price action with reversal candlestick patterns to establish a real bullish stance on the DAX             .
again,
i do know top is around the corner
GER30, How does a defibrillator works?
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a little lower
neckline of IHS
snapshot
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You're probably right about how prices will dip lower before stabilizing
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jangseohee AdrianRaymondFX
plus minus
because S/R level is NEVER a single line
trade well buddy ^_^
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That's why I gave a zone in my original idea. But the lack of bullish price action leads me to think that it's still too high.
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jangseohee AdrianRaymondFX
Bravo
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Today's close is at 10,427 with hardly any wick at all. Tomorrow we'll have to see a sharp rally at the beginning of the European session with a close near the highs of the day for this trading idea to be executable.
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3 rd leg of C wave down hold on tightly
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bon jour... what seems to be the caused of GER30 being bearish this week? any prediction if when will its going to start bullish
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bonjour adrian - je suppose que tu es de retour dans ta partie natale. Bonne suite a toi - Launell
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