DAX INDEX broke lower edge of up-channel
Price is based below strong supply zone at level 12925
We r waiting price to break SMA 100 on H4 frame and break also next support level at 12715 to open short trade
It's expected for coming strong bearish movement to target support level at 11200
which corresponds to classic target of broken up-channel
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.
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The index broke the short-term rising channel, with the rise of the second wave sounds in Europe. Although countries do not want to close their economies, this risk seems to exist for investors.
In this case, in the positive scenarios for the index, the pre-pandemic peak may be the bullish target, whereas, in the fall, it can return to the fib 0,618 level it...
Good day, snipers. Our previous analysis played out well and now we banked 364 pips so far. Take profit was clearly hit! Enjoy the free money.
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Ideas posted are not financial advise, but merely just to give insights and education for traders.
Good day, snipers. Here we have the DAX Index where I plan on entering when price hits that 78.6 Fib Level, because entering now would expose you to too much risks and a not so god risk : reward ratio. We can see that price broke through that resistance turned support and is now approaching the weekly strong resistance level. Price also obviously respects the 100...
In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart..
The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I...
Forgot to publish this one. Anyway now it's published!
Closer look to DAX's possible movements for next summer. Green area is good spot to buy some DAX. Violet area is big question mark for me. There is some old support line and trend line cutting each other so it might take time to get through those. After that i expect we hit 0.386 fib area (red one) which...
In previous post I wrote about the channel movement of DAX and the various positive signs that appeared in the chart.
Today, price once again broke out the area of EMA20 but in this time DAX tested succesfully the MA200 confirming in that way the bullish trend.
An increase in Volume during the uptrend is a key factor and we should take into consideration the...
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Price produced a Gap on previous market open. Nevertheless it's been rejected by Resistance level. It signals the price will rather close the Gap and retest the horizontal support. In case there is a confirmed breakout we can initiate a short position.
Thank you for reading this idea! Hope it's been...