Going long on the dax to the R2 weekly pivot point. Dax has broken R1 and should move on to R2. If it does not hit it this week I will hold ad updated to next weeks R2 pivot point.
No stop loss as I use a recovery method.OANDA:DE30EUR
A favorable response out of Germany in the last few weeks to the economic and geopolitical data leading news headlines. The German Dax rallied a full +2.38% on the week before settling up +1.42%. This is off the back of comforting U.S. - China trade negotiations looking up. As a major exporter, Germany will benefit massively from a favorable deal between the two...
After another retest of the broken channel, price is finishing (c) wave in a bigger B wave.
Now looks like time is coming to start shorting DAX into C wave. Price showed strong rejection from the top.
After big sell off on Friday, we could see a pullback tomorrow before selling continues.
Overall long term target is down to at least 11200.
Please comment your...
Price saw the bottom up after the attack but did not break the resistance again created a sales signal and I have a dip expectation again, as a screenshot of the reason I'm throwing comments
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Hey guys! First time publishing an idea, please bear with me. :) I don't know if this idea is kind of obvious or blatantly ignorant, but I'm just doing this to learn. I'm open to any criticism.
So this idea is basically based on the longer term channel (thick purple lines) VS the shorter term wedge (thin purble lines). I believe there's a high probability that...
Per the pin bar candlestick, profit-taking should continue as long as the index trades below yesterday’s high of 12832.1, and the DAX index might reach the 12436.5 level, which is the 38.2% Fibonacci retracement level of the bull leg from the October low to high.
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Middle bollinger band is giving a good support to push the price up and reach 0 level of fibo.
Note: Trade at your own risk.