No need for more comments for this chart.. If the EU financial Sector rolls down with wave 5 then DAX will follow..
Now I `m in Long (target 11310-11343). A possible rebound from the upper border of the channel. I go into a short deal GER30 on the rebound. Potential targets on the chart. Stop on the upper border of the channel (zone 11400-11440). I will comment on the idea, as events unfold. Thank you for your attention.
If red bar below green renko bar then I am expecting DAX to trade towards 10938. This scenario is only valid if we form a red bar below the green one now.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
Few odds with this formation yet worth to note that X to D should have been around 0.786 instead of 0.723.. Price has started overshooting the cycle as well..
Selling the German index. Missed the official entry for a Gartley but since the D completion is still under the X leg of the pattern we only get a better Risk/Reward Ratio. Chart speaks for itself.
Catching some short at european index. Happy trading
Price has slowed/paused at an interesting level of resistance. I am not advocating shorts just yet, but I will be watching price action carefully in anticipation. If the pullback is significant enough we could see the 10800s again, but there would need to be a fundamental catalyst to kick things off.
I have overlaid USDJPY since Nov 11 onto DAX since Dec 6. The match is good, and gives a projection for DAX next week.
No Guarantees as X - B 0.665% instead of 0.618% but lets wait and see.. The Bullish Extension is still holding strong..
Storm coming to the global market In the United States began an information war But global forces want to save the US economy, they sacrifice the European economy Problems at Deutsche Bank. And of course the media will blame the Mr. Putin In technical analysis working with fibonacci levels + RSI
*Hello traders, I make this chart because I see that all Indices were pumped after the US election and Italy referendum. *In my opinion this is a bubble that will eventually burst when Donald Trump official came president of the USA. *Entering 10950 - think that is a good LVL to enter short because 11000 is a psychological LVL like 10k 12k 9k ect. SL- is 1/5...
Possible developments on GER30 Potential targets on the chart. Globally in short GER30. Intraday and long positions. Thank you for your attention.
The DAX has been sitting in a tight range ever since the US election building up pressure in the process. It's been hinting on a move higher (broke, retested and continued upwards of the longer term bearish trendline; big swing failure on US election) for some time now and had the perfect chance when the US equities rallied to record highs. The fact that it didn't...
SL 10.900 entry 10.845 Targets 10.685, 10.585
Above a simple long term projection in DAX while still in favor the Bearish Market has not been completed while fundamentally we are almost before a major Global crisis.. Equal Cycles per direction indicating Cycle 1 Downtrend, Cycle 2 correction in consolidation & waiting for Cycle 3 for one more leg towards the 100% extension of cycles 1 & 2.. Will it happen?...