Price reaches the Centerline over 80% of time. With this fact alone one has a great measure tool for profit targets, or a good hint where to hide stops. The white Pitchfork's Centerline was a great indication that price will move in the opposite direction, after it recaptured it and closed above it again. Now price is dealing with a) the grey horizontal balance...
I had a few ideas removed from the site as there were links in the descriptions. I am re-posting those Ideas without the links. This is a good setup on the DAX 0.38% for those who trade patterns like H&S . The slight downward slope on the neckline is usually a good sign that the pattern will be reliable as a trend change pattern. This will obviously take some...
How I see this Gem. Short-term bullish as the price will likely retest 12250.00 . Targeting 12500.00 is possible. (lower TF) Waiting for a short will get a bigger slice of the pie. (in my view) I'm waiting on supporting price action which will be another week away yet. Why does the target seem so far away? This is a bearish long-term projection. A mid-term...
The Dax has reached the MoB line after the last analysis and thus the counting method has been adjusted and set to ongoing correction. Current we are as the momentum shows, in the middle of a wave 3 of the c. This should run up to the range 12,113, correct in a short 4 and then tackle the 12,000 points. Important NOTE. The MoB 11,725 points may not be touched.
From this current chart which is one of the two counts I have currently (both extremely bearish), it looks like we can see huge down move in DAX. Wave 2/B which moved up in 3 waves with Wave B (Circled) being a Running Triangle seems to have completed, but even it is still continuing the scenario for DAX (German Index) remains sideways to bearish and hence shorts...
In my opinion one low is left with a Target under 12,600 points. Actual level ist 12.718 an i think we can go to area 12,538. greetz from Hanover
I believe a 13570 short target is inevitable with medium risk. Many industrial and tech companies are starting to gain notice in Germany and the overall indication of strength of the startup scene have increased. Even though Merkel's policies are regulatory tax wise, companies have still managed to sustain some growth as well as recouping of positive correlations...
Dax has broken its legendary support zone a few days back and now it is retracing upwards. I would wait for the price to a little higher and go short around 13050. levels to watch 13050. 13100.
Good week Traders. Lets watch the monster. Drive safe
All Trade Parameters shown on the chart. Short setup in daily Supply. Level on top of level scenario. I personally would combine both since we have a high Risk:Reward ratio on that trade anyways. But you can also play only the higher one to have an even bigger Profit Margin. Daily Reversal Pattern with an Engulfing candle. Looks like we reached the High of the Year.
They say never go against the trend, but it looks like a very strong resistance to break and maybe a chance to take some fresh aid before further raises.
But with the way things are going, who can tell.
short at 13220 target 13100 so 120 pips gains
Seems like DAX won't be able to break through this resistance level. Maybe time for a short. Waiting for a 4 Hour close
Due to geopolitical Tension + Merkal face coalition Talks and also wall street have not consodilate yet so i expect a pull back on 2015 high with 2 target first for in total of 260 pips inmore i see a bearish divergence in h4 enter at 12556 SL 12675 final target 12290 RR 1/2.45
German elections, #Autogate, $EURUSD 1.25, US crash ...