Hello traders, here is the analysis from our team : our buy: 12981 our target: 13100 our stop: 12862 Note* We will start to look at 1300 on to take profit with money management. Let us know in the comment section below if you have any questions.😉 our buy: 12981 our target: 13100 our stop: 12862
Generally the DAX30 was on going a retracement after a long bullish run from March 20 - the following presents a 4 hour chart idea based on price action and technical analysis - * Moving upward the price had crossed the 21 MA and support area of 12580. * it then made a retracement and tried to go below the 12500 level downward but it was hammered up by the buyers...
We can see nice setup to long possition. Broken up channel will be retested.
I expect the bullish trend to start for Dax, but as I drew by using fibonacci circles, we are in the downtrend right now, and the bottom of this channel will support the area I show with the green box, our target will be 13297 when the resistance zone that I marked with the red box is broken. Please support by liking and do your own ideas as a comment
We are in a very important point that can reverse the market, Please share with me your thoughts, kind regards,
1. short --> 2. long One low left and than a closing above 13.000?
With the Opex meeting coming up, it may push Dax to 13000. still unsure because it will still depend on the report however setting my position to make sure to cash in atleast take advantage of yesterday's drop. Let's see how this day rolls :)
THe question is, which move next. For me more propably is break down, but still need to wait of comfir.
We still haven't completed any patterns, 4 types of patterns are still possible to play out, a regular, expanding, contracting, or running flat. It all depends on whether we break the top or not before the down-move starts. But it seems like we will have 4H divergence, and the RSI is crawling up to overbought territory. Both indicators suggesting buy weakness....
1.618 is reached and starting signal of wave 3 of wave 5 came in. Entry 12.570 SL below today's low of 12,485. RRR better than 3 to 1. Greetings from Hannover Stefan Bode
Unless it comes back to the gray zone, price turns in the direction of the daily long trend. First target is the size of the zone, second and third are FIBO levels, and there is also the zone around the all time high as a significant zone. This is a good opportunity to trade with the daily long trend. Also, according to the IG client sentiment report, 71% of...
Please support my work by clicking the LIKE button(If you liked).Thank you! Possible upward move on Dax. 13000 and higher is very possible. If trade will go in your way hold it.
Hi, the idea is valid today only ! Looking to buy dips ( sharp pullback i f seen ) towards possible demand zone 12460/440 Stop under 12395 Target 12640 Good Luck
Back from my two-day training seminar (trading/investing) and a big applause to the eager participants. It was a lot of fun again, even if it was certainly a lot of input for you and the heads smoked. You are perfect and you will rock the show in the next months and years. But now - Mr. Dax. There are signs of a possible trend reversal and I want to be prepared...