ewpips.com

BidPicture - Possible X-Wave on Dax

FX:GER30   DAX index of German listed shares
181 5 1
Wave B went exactly on 61er Fibo of Wave A. C moved 100% of A from B.
Now we have a combination (X-Wave). If we break the region 8600 it could open the door (Target 8520) to lower Levels about 8520 in a three Wave down move (Y =abc)
8520 would also be the 61er Fibo of the last Impuls. But be carefull: After a X-Wave we could also se a triangle or a flat movement.
MoB of this Idea is a break of the upper X-Wavelevel on 8688.
ewpips.com
3 years ago
Often there is a "fake" Breakout above the Toplevel @8688. Be carefull to trade a long Breakout!!!
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ewpips.com
3 years ago
Looks nice! :-)
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ewpips.com
3 years ago
Pullbackresistzone for second Shortimpuls to 8520 could be 8608/8611.
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ewpips.com
3 years ago
Maximum 8625.
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ewpips.com
3 years ago
We could also have seen a 5-wave down (C). So we closed the trade. Target almost reached. Thx GER (Dax) for 100 Points :-D
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