there is a bearish engulfing pattern on the DAX 4H chart. It looks like we might have hit a stronger resistance area than expected. Beware of the daily pinbar, as well.
GER30 INDEX:DAX Following on from the previous daily/weekly analysis (right below), the intraday H2 chart shows that the market could still need to run for a 5th subwave before reaching the ( III ) cycle end. As we can clearly identify a 1st wave expended impulse for this last move, we can plot a theoric target at 61% extension of subwave 1 starting at current...
Using 2 hour bars you can see 2017 performance and a regression channel that puts the steady rally higher into a relative context. Each time price reached its upper channel it pulled back within two weeks. The pullback is around 3%. But with 13000 a key level only 2% away, we could see a swift leg up before pulling. Idea; sell 3m calls at 13000 or set sell...
looks like 1-5 wave pattern in 1H chart, on 1D looks like B Wave :) could go 12080-90 but the power of the bulls is over since the double top in the History
SHORT @ Xetra Open - Stop Loss 0,9%. Happy Trading
1) Long position 6 days ago reached fenomenal high!!! 2) Ok we brake the resistance "greenzone" (pork) line and we achive +/- 150pips!!!!!! Forecast successfull. Thank you!
after a long correction we can se an breakout with EMA50 Support. Could be good chance to buy. Target over 60€
Daily forecast you can enter with hard volumes(indicator).