Pattern: Channel Down on 4H.
Signal: Bearish after a Lower High rejection today.
Target: 11,855.70 (4H Support).
*Note: If 11,800 breaks, the 1D Channel Up can technically reach its Higher low at 11,620.
Today we have a higher probability for breaking Friday’s high and so all our long trades have a clearly defined target as the Friday´s high has a probability of 83% to be broken today. We could find some buyers around 11 986 or even 12 006. Another mid-term bullish target stands at the high swing, priced 12 446.
Support: 11 810,...
Hello my Friends, Traders and Interested,
my last TA went crazy wrong, because DAX - Bulls were doped like crazy.
But now the Bear checkers are out to catch them.
Maybe today we ve seen the last rally, if not the Bulls might get a last blood - bag to reach the magic 12.000.
RSI overbought on the daily, double top, negative News ( but the past days the news...
Hello my Friends Traders and Interested,
additional to my bigger Picture TA ( DAX ) from February, here a smaller picture.
I do see - as the real start of the incomming long bear market - a nice H & S formation.
All lines in chart, I will update this frequently.
As always, no trading advice, just educational.
Trade safe and on your own research.