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After a long sequence of impulse waves… a correction is more than expected. A bounce at the wave B is likely, but the bottom seems to be lower.
Perhaps, Merkel has more problems than immigration policies. However, one of the best by far.
You know I like to keep lines and the old projections on the same chart, so this time is not the exception.
Remember, I do not like to trade this asset.
Statistic:
1.43% down.
Here's the last idea for DAX.
Learn how to beat the market as Professional Trader with an...
This is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy...
This is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy...
Dax index going down again => we can see a clear hidden divergence with MACD indicator
The first Target 11000 points, a stoploss we can put above the 11800 points.
I will update the idea
Good luck!
P.s. Look my previous idea
Hey guys! So today I'm taking a look at the European market, more precisely the German stock market and this is not looking so good now. Since Germany is the economic power of Europe, we can rely on this index (DAX) to know what's up with the European stock market. After the Dow Jones index or the S&P 500 index, my favorite one to take a look at the western...
Dax goes the half way down i think. Some correction are normal. So the bar pattern works very well in this frame.
Under 12 k we see new lows till next year. This can be terrible if the market don't turn up.
Further growth is expected in the wave (iii) - blue.
In the case of a breakdown of the local bottom by 11 700 - a coup with a fast short in the zone 10 000 -10 500.
New possible scenario for DAX 0.95% .
Potential targets on the chart.
Let`s see.
I will comment on the idea, as events unfold.
High risk trade!
Thank you for your attention.
We see a correction on the DAX.
Today we can continue the shorts.
DAX kissed the EMA 200. And upborder of red dot channel. And rebound?
Prospective Bearish Bat Pattern.
Possible scenario on the chart.
Targets on the chart.
Alternative scenario - red dotted arrow.
Let`s see.
A possible rebound from the upper border of the channel (red line).
I will go into a short deal GER30 on the rebound.
Potential targets on the chart.
Stop on the upper border of the channel.
I will comment on the idea, as events unfold.
Thank you for your attention.
