Germans major share index breaked out last week!
If this week we`ll close above 9600
(above down side trend - since november 2015)
the technical picture would suggest a trend reversal !?
take care
best reghards:
4XSetUps
The DAX30 index is moving in a descending wedge, which is a bearish formation. We can see that the market respects the formation, in which an overshoot of the upper trendline resulteted in an overshoot in the ABCD move (Which then hit the support line). We have a major ABCD move going in bearish direction down to 8350 and combined with the formation, it would be...
Investors will continue to monitor oil prices that managed to close Tuesday's session higher, but are sliding on Wednesday as crude inventories in the US rose much more than expected
the sentiment could also be influenced by the Fed's gathering that will conclude later in the day, with investors awaiting the bank's fresh view on the state of the US and global economy
Germany’s DAX sees Insane dropped since 08, BUT no to worry- next week is going to be an awesome week for DAX as Europe's Market for New Cars Grew 9.3% -
Extravagance automobile producers like Mercedes-Benz and Porsche score up huge gain.......
**Please I encourage you to shoot for this trade - and place your SL accordingly ( I hate to suggest 'SL ' 'cos...
