We have a clear valitation of the trendline combined with massive RSI DIVERGENCE.
Furthermore we had a Bearish Three Drives Pattern in the past where we could make a nice profit.
This former pattern should give us still enough downforce for a new big move!
11000.00 was claimed by institutions to clean weekly swing lows and retest the Daily new Swing.
Projection on Dax is still bullish as a swing.
Buy entry at 10956.70
If you buy now just expect a bit of drawdown though I am still bullish on DAX
target 11198.00 to 11255.44 for H1-M15 traders.
Swing traders we risk and hold to 11980.40
To get monthly indices...
Updated View On German Index (4 Feb 2018)
It is proven that 11,340 will be a strong resistant.
As long as the price is above 11,100, the price shall retest the resistant again.
But in order to break out the resistant of 11,340, we will need a strong breakout candle to appear and I do not think it will happen anytime soon.
DYODD, all the best and read the...
Why consider this chart only as "education"? The answer is very simple, at the moment we do not yet know the corrective structure (ABC) levels, but we only know that the nearest support is around 11,000 and Target around 11.500. That said, the potential setup is very simple: Long on wave (B) breakout and stop loss below wave (c). Unfortunately we can not always...
Just the right shoulder left to form.
Will be looking to enter above the break of the neckline.
Please follow and leave a like if you enjoy what you see want to see more
The analysis is made based on chart patterns and EW.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this...
Analysts of Professionalinvest expect another new BIG Downmove in the German Stock Index (DE30)!
The overhelming bearish "Three Drives Pattern" should be enough reason for another great winning move to the downside!
Analysists of Professionalinvest have found another great technical shorting opportunity! Head and Shoulder formation often indicates another new downtrend!
For further confirmation wait till the market has closed under the bottom of the formation!