long into completion of bearish crab; already ATH in place, this one is about to be higher. High risk trade.
DAX weekly chart. Nearing the LT trend line channel+negative MACD crossover. Idea based on the assumption Macron win has been priced in by the markets.
Trade at your own risk
FED Speech in a few minutes :)...
Let's go back to last unfilled gap :)....
We are entering inside a warning zone, so, we must take care (eventual trade cancellation).
I'll keep you updated about new observations.
Time to go down :)...
Thanks to @PSVert for his great analysis that inspired this one.
If he cant break 11710 we can go down to 11580.
If we break 11710 we can go to 11808 and short from there.
So I will buy on Monday from 11660 11720 with TP 11808.
For Short plan you can look at my Weekly Analysis.
Have a great week !
I buy 3 Positions @11555 LONG with TP 11637, 11686, 11735 (move SL to entry if TP1 is reached)
I will Sell from 11637, 11686, 11735 with TP 11425.
DAX has been struggling with 11600 resistance level since the beginning of the year.
Time to drop some pressure, I suppose :)...
DAX reached the upper daily trendline.
Seems to be a nice time to sell off, doesn't it :) ?
The rest of the year and the beginning of the next year it will move inside the triangle. IMO