Second Wave target is 12247,70 within 3 days. Good trading
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
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...
Possible short in Ger30 after long raise, RSI H4 high. Possible raise in EURUSD expected. SL. 13.150 long term.
GER 30 Neutral Analysis Resistance: 12481 - 12577 Support: 12286 This is not investment advice
Possible short to 12800 again in Ger30 Index. Possible double top at 12.330. Target 12.820. Enjoy. :)
FX:GER30 Safe Trades;
I found this pattern when i was looking at chart and all the credentials for the patterns seems to be satisfying the rules. Just an idea, lets see whether its get validate or not. Comments are most welcomed if something wrong about the pattern
What comes aroud that goes around. 500 points without retrace in Ger30 are possile since the last 4 day, but they are not real. RSI D1 is over 80% now. Next targets 12.909 if last wave elliot finisched on D1 If this don´t work, long to 16.-48.000 :D
Possible retrace 12.909 target. If topbuilding near 13.500.
Dax short possible based on trendchannel break long and RSI. Possible targets shown on flags. Possible retrace in Dow,US30 also expected. Timeframe 1-2 weeks to complete.
Possible retrace short Ger30 at 12.900 following US30
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
In what should kick off a C Wave down in the Dax this move should also coincide with a move down in the Euro. Support in theory should be around the area of the green dotted line but as always counting a complete 5 waves down should indicate the move is over. In theory a stop should be at the major high above this current pullback.
GER30 4H Short Support: 12076.00- 11967.90 This is not investment advice
It looks now for the last high for me (may be one more high this week and then down to 12500 - 12000. Good luck to all with your plan.