We need to wait a little to know which way DEU30 decides to follow, so we will wait this decision, if DEU conclude to break the wedge on the low site, we could have a really good entry, but we need to care with the demand zone. The same in the long side, if the value choose to break the simetric triangle, we will entry in the value to get the best...
Looking at the DAX index, we are seeing rejection of the 161.8% extension, forming a double top pattern with divergence on RSI. MPO target is 7000, but there is a very strong resistance area around 9000 level. Elliott waves are showing the end of the trend and start of the correction. As we completed wave 5 in the end of 2017 and started corrective wave a in a a...
hello to all watching my charts Dax is now Short since 9.00 German Time 8.11. Cause its traded below my red Line. here to check in my favourite Chart Style RENKO RENKO Good trades. if you want to support my work, please like them My analyes here are all NOT a request to buy or sell seomething. Allways do you own research. Renkotrade
Hello to all watching my charts. As a lot of yours wanted to get from me information about Risk/Reward trades i will try it here in Dax as sample. New Long has been the Mode after the break of last resistance at 12914. Target has been the old high 12975 which has been reachin during the trading day. RRR = 2.55 Good trades. if you want to support my work,...
Hello to all watching my charts. Dax is since the decision level break and break of 12885 short I have shown you the levels again in the chart. The short run has now increased... Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade ----------
Now my Trendchannel system shows short Decision Level BLACK has been broken Now we are in Short Aerea. Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade ----------
Major Support (BLACK) 12900 Lower Level Support (BLUE) 12885 Major Resistance (RED) 12975 Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade
Marked with a black arrow This is the Level which should not break Please notice that he channel system startet to slow the uptrend. Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade
Hello to all watching my charts Dax DEU 30 climbs step by step and our by hour to higher Levels. Fine that my forcast has been 100% correct.. Hope you are in. At the moment for today Support Level to wacth is 12840 for further long- Good trades If you want to support my work , please like them - My posts are not and advice to buy or sell something always...
DAX is in Long Mode since 15.10. and runns up in my channelsystem like it should. The shorttime forecast is exact in the middle of the longtime forecast channel, so move is straight gone up in same manner since 15.10. Please have an eye on the lower BLUE marked trendline Short only by fall below that line at 12730 Stopp Long if the blue trendline is broken...
Hello to all watching my charts, I am back here with a new analysis of german Dax Index on a 1 HR view. We have a very nice long setup since 10.10. and i do hope everybody have seen that. Thats in my midtime channel (blue) nice to see. Of course such a strong rally cant last forever and has to be paused sometimes. Since yesterday we have such a phase but if...
Hello to all watching my charts Today i will show you trhe power of trendlines and broken trendlines as trading points. For example here is the DAX Germany DEU 30 index on base 1 HR We are long since 4.7. 11925 / broken left blue trendline short since 9.7. 12400 / broken purple trendine +75 points long since 15.7. 12400 / broken blue...
#Dax #Deu30 Hello to all watching my charts In German biggest Index Dax , DEU30 we had had a fake breakout long and now comes the opposite ofe them here , we have a big falling down in the short aerea. Dax fall below both of my black lines = Below of both resistance / Support lines. So the support lines from 10.7. now changed to resistance levels...
#Dax #Deu30 #Renkotrade Hello to all watching my charts- For the end of the day after finished trading Dax for today lets have a look what has happen. LONG : So we are long in all timeframes, and my shortchannel is totally parallel included Long in the longer channel, thats the reason i have included here as always, but it sends us no new information for...
#Renkotrade Hello to all watching my charts. Today nothing really new here. Dax is trading in the long channel and now getting at the top of them little bit in a consolidation mode here. But my shorttime channel is going steeper and steeper . so that shows a supports of the long trend of course To tell a short trigger makes no sense in my eyes at the...
#renktrade Hello to all watching my charts. here is the latest update of german DAX As we all god in the news that the trade communication between Trump and China will get a new chance , the stockmarkets all over the world are rising , that has been clear. So DAX also . My both Trading Cannels are long, longtime channel and shortime chanel also. Thats not...
Hello to all watching my charts. Today we will have a closer look to the DAX DEU30 in 1 HR Chart. Thats an fine situation. In the longer timeframe a shortchannel has established but in the shorter timechannel we are now LONG since brake of the red line to the north. Yesterday Lets wait a little bit to get closer touch to the direction, if Dax will come out of...
Hello to all watching my charts Today we have a nice situation to show you the different timeframes of trading in my channelsystem The longtime channel (blue lines) is still long (angle +) but the shorttime channel as shwon is in a short situation. So if you trade in the timeframe of 60 Minutes/1 HR or 120 Minutes /2HR you should be in a short position. If...