DAX (GER 30) is close to the Support/Resistance Zone.The H4 candle closed above the Support/Resistance Zone and its a huge probability that it will rise up!
- The trend is bullish;
- The price made a false breakout;
- Potential profit will be 3 times bigger than the risk.
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GER
DAX-30The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Germany is the strongest economy in Europe. But in Europe is not very good there are more indebted debtors Greece, Italy, Spain ..., England has already fled the sinking ship. And the situation in the European Union will deteriorate. On technical analysis, showed the wave theory of the Elliott. We paint the fifth wave and after down the ABC correction. At the top showed a yellow line of resistance that with a black support line makes an rising wedge - a reversal pattern.
DAX 30 Deutsche Aktienindex ~10 Year log trendChart of a ~10 year-ish long trendline on DAX 30. Do trendlines mean anything? Maybe. Maybe not.
CBK.DE
MRK.DE
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Dax - day viewTwo possible scenario for DAX.
We closed two gap.
Retest last high and continuation bullish scenario (blue arrows).
Or we will break the minimum of the last week and continue moving down (pink arrows).
Let`s see.
I will comment on the idea, as events unfold.
Thank you for your attention.
DAX - Potencial Bullish Dragon?DAX potencial Bullish Dragon?
Continue to move on the goals of Pattern Bullish Dragon.
Possible scenario on the chart.
Targets on the chart.
TP1 - 12495 TP2 - 12555
TP3 - ? (12653) TP4 - ? (12812)
Alternative scenario under the pink trendline (12390-12380).
High risk trade!
Thank you for your attention.






















