akyong

GER30: Several Divergence Happening!

FX:GER30   DAX index of German listed shares
We do have a completed double bottom divergence on the Daily timeframe and a potential 2618 setup.

Zooming down to the lower timeframe on H4, we do see price is forming a divergence at the moment as well.

Aggressive traders might want to consider shorting the breakout of this small up channel targeting the 9945 region - which is the 61.8 retracement level on the Daily timeframe ; and look for long opportunity around there based on the 2618 setup on Daily.

Check out the latest educational series video we released where we explained how we use RSI to spot potential setups: https://www.youtube.com/watch?v=4bJxh4AOh_s
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
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ValeriaMaroni
a year ago
Oh my God !
Reply
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