If price breaks below the red zones, the index is likely to set targets marked with pink. Be ready but wait for the breakout at least on H1. The idea is valid until price breaks above the green zone.
The German index has been broken the recent rally on the daily (18 June), and the impulse to the south has been corrected. Both directions play now. Long from the green area, short from the red. Targets are market with pink.
Hello everyone, I spotted this MASSIVE ABCD harmonic pattern in the German DAX30, and wanted to share a few details about my current DAX 30 short trade. in order for you to understand what I am talking about I added this snapshot of the whole ABCD structure: (TMF: Daily) The retracements/extensions: As you can see, the B-C move retraced exactly as far...
Two important areas with lack of volumes below the actual price
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, the FXPROFESSOR
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
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. the FXPROFESSOR
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...
GER30 - Intraday - We look to Sell at 15749 (stop at 15808) We are trading at overbought extremes. The trend of higher highs is located at 15750. Bearish divergence is expected to cap gains. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 15583 and 15563 Resistance: 15700 / 15730 / 15750 Support:...
Speculative sentiment index is just 7.5% on an average indicating an open above 15660 eyeing the targets 15820 and 16k + psychological level / Possible stop loss cluster area . Stuck sellers just be patient and do not put equal parallel positions at the moment ,you will be stuck for life time . Do that only if your margin is in trouble and deposit later to avoid...
Called before second candle formed, I guess I'm moving too slow! Haha.
My software has automatically entered me into this trade. See notes on the chart. There is no trailing stop on this strategy so it either hits the original stop loss or hits the moving average and the trade is closed. Occasionally, if price consolidates for a while and the moving average moves higher, the price can be closed at the MA for a loss (although this is...
15m timeframe giving me a short. TP1 smashed before posting idea.
Entry and TP are marked on the chart. There are five targets to the downside. I have noticed that there was a crab pattern on the higher time frame. Please comment below.
Here, I see that DAX 30 is coming to a key level. <3
GER30 - Intraday - We look to Sell a break of 15339 (stop at 15392) We are trading at overbought extremes. A higher correction is expected. Further downside is expected, however, due to the strong support below we prefer to sell a break of 15339, which will confirm the bearish sentiment. Expect trading to remain mixed and volatile. Our profit targets will...