G3r30

Slight retracement and Symmetrical triangle formation

FX:GER30   DAX index of German listed shares
Strong support, with the 200 EMA and interior trend lines . Coincidental, "Euro zone finance ministers have agreed to lend Greece up to 86 billion euros" which traders will play with this week
Longer term, there is a Symmetrical triangle formation, which signifies building pressure (opportunities)
I am currently in a long trade to hit the resistance at 11255, because of the stated support and also the candle sticks for the past two days.
MaryJane
2 years ago
thx for sharing...my view is similar ISN`T IT A NICE SHORTTERM BUYING-CANDLE?
snapshot
https://www.tradingview.com/chart/GER30/4RUUebH2-Isn-t-it-a-nice-shortterm-Buying-Candle/ Today we have seen a long wick till 10.800 - the market closed 175 points higher but below the ema&sma 200! It´s a very dangerous situation! A close under these moving averages is able to initiate a sellout, because many market participants put their stopps near that level. !!!
The today`s candle has a bullish character. I think the rebound can reach till its 61,8 fibo retracement @ 11.300. Moreover that is the actual maximum range of the Bollinger upper band. On its way up 11130 is a strong resistance.
Have we seen the LOW?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out