Nicemate
Long

TRIPLE CONFIRMATION ON DAX INDEX OF LISTED SHARES - LONG

FX:GER30   DAX Index
289 4 9
FX:GER30            

has not reached long target of previous bullish harmonic , and has now another 2 smaller bullish harmonic confirmations on the daily timeframe which will hit a long soon. Potentially, all indexes will consolidate downwards towards their weekly supports while awaiting for the Brexit referendum result.
On the DAX             our entry coincides with the WS1 and if we are lucky to hit the entry level before the referendum, which will have obvious results, the positive consensus wave will do the rest, taking us to our final target of 10494.
ENTRY LEVEL: 9642
SL: 9432
TARGET: 10494
R/R: 4
Double bottom ?
Reply
Are you sure it will hit above 10.000 before the referendum?
Reply
Nicemate Soufian
Most probably not. We have many high alert events before the referendum itself, such as the FED rate decision scheduled for tomorrow.
It would be actually a good idea not to have any position open, from a few days before the referendum, to a few days after. Or at least to have all positions in break even, and far from entry point (for those who, operating with market makers, have to deal with slippage issues)
Reply
Soufian Nicemate
I actually am in loss right now.
Opened a buy position at 10127 with a leverage of X50, my stop loss is 9036, so let's hope it won't reach that and it'll recover itself before the referendum.
Or just let's hope the referendum won't have a huge impact.
Reply
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