DE30EUR half wave correction. The exchange rate is currently in a double wave structure. The main trend is short. However, a second rising wave (BC) is likely to occur. This wave is expected from level 12296. The second wave rise target price is 12953. By reaching this level, I expect a more powerful downward movement. Which is the target price of up to 11,000 points.
For educational purposes only. This is NOT and INVESTMENT ADVICE.
DEU30 is also feeling the heat of the 200 Day moving average of the next higher time frame daily. Reversal of trend in the hourly after a support break couldn't be any more clearer...
Broken support is now resistance.
Is the short seller getting the best of DEU30 ?
Analysis continues....
Let's talk about DAX.
I am seeing the exhaustion of the index and it may be due for a pull back, at least a small one.
It can go to 12,450 as an easy restest.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the...
The price have broken out of a downward trend channel and haven't tested the breakout line yet.
the price have had a 44 angle down trend, with a following 63 angle of breakout.
The movements have also made a double top on the upwards run. this 2 tops can be counted as a triple top test. If you look at the start of the trend channel, you se the price have ben...
I bought at 12616 wit stoploss at 12590 and takeprofit at 12690!
This is my daily trade.
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I will always risk 1% of my capital per trade.
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