Rangebound trade. Limits tested before, not breached yet.
Just as american indices the Elliott count suggests that the "big short" is coming a bit later ! Anyway there's no point buying the current prices either.. Buyers must get out here and wait for better prices to come back in for the last ( III ) wave before we get to reach the final supercycle count.. Which will mean that we will finally be able to get that...
Short double top over 12.800 include fibs reversal to next target 12.560, 12.390, 11,980. Short possible on basic trend line red.
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...
Possible short to 12.390 first target, based on Ichi-cloud D1,H4,M30 if break under 12.630. Possible short correction up to 11.562 in the next steps, if the idea works. Good luck :)
I am looking for a potential short on DAX. It looks like there is a rejection by the imminent resistance area. Looking forward to the closes support area for first target.
Stocks and Dax as we can see are both in a corrective rally; E_mini S&P500 has resistance near 2380 and DAX at 12680. On both markets invalidation levels are at the highs. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Continue to move on the goals of Pattern Bullish Crab. Possible scenario on the chart. Targets on the chart. Target 3 - ? (12800) High risk trade!
Continue to move on the goals of Pattern Bearish Dragon. Possible scenario on the chart. Targets on the chart. High risk trade!
Reverse idea. Short with good volumes if we brake resistance levels.
Correction possible down movement idea! Bearish consolidation. HIGH RISK POSITION!
DAX (Germany 30) went up to a new high at 12337. Can it go higher???