Checked MACD to see if will push thru center line. Looks like it will.
I wrote a few days ago regarding a potential short setup, which has now materialised. The question is where will this end and are we going to see a bounce-back from this all-time highs. Price action will show, but for now I am short
suggests back up here. Stop to last low still gives 1.7:1 long.
The DAX is good to us, offering a good setup again. If price is holding at the centerline, once or twice, the the ride to the U-MLH could work out. P!
Next week we can go upto 11840 and max down to 11480. If Dax goes under 11640 till Friday we can see 11575 - 11500 - 11480 - 11400 and max 11200. I will buy from 11690 - 11700 - 11720 - 11760 with TP 11805. I will sell from 11805 - 11760 - 11735 - 11690 - 11640 - 11580 - 11540 - 11480 with TP 11408.
BULL dvg in MOM , RSI & MACD in 60min chart, often be a bullish sign. BUT it's obviose a HS topformation, so here we have to be careful, and watch careful for bearish sign's again, and if it turn down again.... This could also be used for a new better short-position again, if that should appear :) If it stay's over 650-700, that could also be even a stronger BULL-case.
Long Dax with targets of 11800 - 12000 within november/by mid december .. Wave 3 of Wave 5 in play !! Jump on the Bull Ride Till it Lasts !!
Sell Dax at 11530 SL 11565 TP 11400 Buy Dax at 11400 SL 11375 TP 11620 Range between 530 and 620 Under 530 it will go down to 480 - 400 Over 620 it will continue to 700 Good Luck!
Brexit Speech, long 1h chart trend channel... 11.550
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
I have overlaid USDJPY since Nov 11 onto DAX since Dec 6. The match is good, and gives a projection for DAX next week.
Yesterday's candle was actually bullish. Long-legged candles signal reversals, even if the intraday selloff may have suggested otherwise. The key message: breakout levels ~10490 were tested (violated), but held. Index is off to a fresh swing higher, which could target 10860 (late December high) and 10981 (cycle fibo level). With that in mind, yesterday's mini...
Our favorite European Index, the German DAX, escaped the bear market in early August, when it rebounded swiftly after initially rejecting mega-resistance at 10475-485, which it then took out very aggressively. This Monday sent a bearish shooting star candle on overbought conditions, calling for a healthy pullback. As securities often do, they retrace back to...
Next buy area at green ballon, between February lows (8.699) and 12th February (8.967).