FX:GER30
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Safe Trades;
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IMO that RED line should hold for another attempt to penetrate the GREEN channel.
Its a minimum requirement for ongoing bullish trend and for penetration.
$Ger30 - Dax
-Classic triangle formation. If broken to the upside -> bullish signal
-Stops should be around the recent lows. Around 9620-9520 depending the risk you are willing to take
-First Target to take profits around 10100
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With the recent Bank of Japan decision to lower their interest rates to negative...
It's been a while since I updated the long term count.
My intermediate bearish view was confirmed in the mean time with DAX putting in a spike above the previously indicated magenta TL from the ATH, however quickly losing momentum and failing also to keep above the 200d MA. The decline from ATH was very choppy, with waves which were difficult to count, so there...
