Dax is within a rising wedge, which indicates further development in the same direction. The index is between the support at points 13000 and the resistance at points 13190. An ABC Gartley formed at 13000 in conjunction with a double bottom has signalled a beginning of a new trend and may well break the 13190 resistant. A decisive break out above well predicts targets at 13376&13480 The index is assessed as technically positive for the medium long term
A very intelligent chart that now also has proof of intelligence.
TradeChartPatternsLikeThePros
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@FoggyLights, my apologies if i was short 30pips from 200pips call to hit targets, ill do my best next time, and calls from 13030 was release in my group, anyways, and if you leave a comment like that in the DAX H1 Technical Analisys Dec, 20, 2017 i will understand that i was wrong, but not in this one you cleaver dude, trade safe and happy new year
UnknownUnicorn292837
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@Constantino, I just saw the chart for the first time today and noted the fact that you made a long call which is exactly what I would do there with that kind of pivot action and the obvious overall strength of the pattern. Happy New Year.
TradeChartPatternsLikeThePros
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@FoggyLights, my apologies it has been a bit of sarcasm lately, thanks for your understanding
TradeChartPatternsLikeThePros
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@Constantino, similar set up here on the M5, but may be something to expect tomorrow, how ever the set up can be inverted as you can see,
JouniKasem
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So plz have a chance to return to 13200 without rising at 13500?
JouniKasem
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Hi plz i am selling ger30 at 13200 . Does he visit it or no as soon ?
TradeChartPatternsLikeThePros
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@JouniKasem, looks like not yet holding longs to 13375
JouniKasem
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So plz have a chance to return to 13200 or not
chimpsky
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nice chart should i take profit now or wait until 376