TomP
Long

Potential Cypher in DAX

FX:GER30   DAX index of German listed shares
We could be in a potential Cypher pattern . If that is the case the price could rise from here up to the 11845 level to complete the move. A short opportunity could then be on the table at 11845
Not sure if resistance falling wedge will be broken
Reply
TomPip TomPip
snapshot
Reply
TomP TomPip
That's true. I would rather take a long here up to that cypher completion then see what the price does around there. There are plenty of places for it to reverse or fall further at the moment but I still think the index is heading up, just not quit sure when it will resume upwards.
Reply
How about now?
Reply
TomP TomPip
Possibly, looks pretty strong at the moment. Plus the Cypher I drew in could also be an a-b-c with an entry at the bottom of the c wave and then just ignore the cypher completion point.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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