Pattern: Channel Up on 4H.
Signal: Buy as the price is re-testing the 4H MA200 (orange trend-line) on a potential Double Bottom similar to late February.
Target: 16300 (just below the 2.0 Fibonacci extension level).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
after yesterday pullback (AC 4hour was red) now AC (or stoch 7.4.4) is green,dax ready to fly up
if you have buy = 7-8 day be patient , after +80 point profit ,move SL to open price,let it go
if you have sell= put SL or hedge buystop (lot=2*total sell) on today high
keep monitor AC 30&240min
Current analysis of the DAX index - viewed in the H4 chart
The DAX shows an intact medium and long-term upward trend. The last time it reached a record high of 15,803 points was on June 14th. The setback that has been ongoing since then led to the successful test of the rising 50-day line on Monday and the formation of an intraday correction low at 15,309...
Indeed the DAX idea we posted recently was PERFECT !
We now have a great open position in our hands and we start managing it by Taking some profit and relaxing this weekend!
Keep in touch for more ideas like this next week.
Hope you followed,
Our Last DAX idea below has been fulfilled and satisfied to the first part; price has risen and rejecyed on what used to be the ascending wedge's support (now resistance).
This could very possibly be the week that we experience a correction on the DAX's price as on our updated chart.
Let us know your thoughts.
Hello everyone, if you like the idea, do not forget to support with a like and follow.
DE30 is approaching an overbought area so we will be looking for sell setups on lower timeframes.
on M30: DE30 is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
This one is approaching a very critical zone where 2 trendlines meet in a point. This gives us a chance to think about a sell since we have so many resistances. Will it go as we are looking, time will tell !
DAX has been rising like crazy in the last months but the price has very recently exited from an ascending triangle. The price might get rejected now and unable to enter back into the wedge (the triangle).
In this case the price might start dropping faster towards support as on this chart.
ps. In case the price breakS into and over the wedge then we will need to...
Hello traders and investors!
Today we will talk about very nice and clean Elliott Wave pattern on German DAX, where we can see a clear impulse in progress.
We are tracking an impulsive five-wave cycle from 13300 lows nicely connected within channel range. And, after recent (A)-(B)-(C) corrective decline in wave 4, seems like DAX can be on the way even higher for...
see dax option and dax knockout(warrants) orders,both show down move is powerfull , will continue
dax break big trend , green arrow have buy with sl=40 tp=high
iff you have open sell , move sl to open price,,,wait 7 day
if you have buy ,be inform dax can see 15000
day daily chart
Ger30 the price trying to get strong downward after breaking triangle so i think will get my targets.
In the previous idea we said under 15770 will get strong downward, and now we got it.
Tp.: 15530 and 15460 and 15320
Sl.: stable above 15720
DE30 - Intraday - We look to Sell at 15809 (stop at 15871)
We are trading at overbought extremes.
Trading within a Bullish Channel formation.
Trend line resistance is located at 15815.
Preferred trade is to sell into rallies.
Our profit targets will be 15647 and 15627
Resistance: 15750 / 15800 / 15850
Support: 15730 / 15670 / 15630