On Ger30 after the 5th wave was completed extensions started creating zigzag waves, each zigzag is separated by an intervening
three waves, producing what is called a double zigzag. So with that being visible on the chart, I labelled it WXY for it's correction.
Long on dax
new bull fib 1,618 confirmed
entry area 13.860 - 13.830
First target 14.260 (Bear 3,618) Sec. target 14.525 (bull 4,236)
Invalidation level is 13.749,80 (0,236) breach off this level will mean another bear leg
Here is my view for DAX on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This is a fractal from the past. DAX's current Bearish Megaphone pattern resembles that of June - October 2014. In fact the whole price action from the February 2020 collapse due to the COVID outbreak, is similar to the July 2011 - October 2014 sequence.
See how all major formations align almost perfectly between the two: Death and Golden Crosses on the 1D...
THE chart posted is rather key to the whole idea of the bull market still having a much bigger advance world wide . If NOT then we should be ending in both wave counts on any new low . and then we will see if we only get a rather sharp but deep rally back up in a abc form to end a wave B on a very large scale at .618 to 887 focus .786
Price is getting to close to enter my target Zone! It is now the second time we test to upper side of the zone! Still too early to jump in and I would rather wait a bit longer and if the zone holds and price move again above the zone, then I would consider a long entry ! I am just being patient and let the market tell me what's next :)
Folks,
See here a 1 hour chart strategy for a possible MEASURED MOVE..
Always do your own research but buying support and sell resistance is a strategy that can work out very well..
Feel free to comment..
Potential drop in German Dax due higher escalation and uncontrolled inflation above expectations in Eurozone.
Why: cos i think Russia will place in polish, latvian and romanian border more troops to threat NATO.
Odessa is going to be conquered so Black sea with Turkey will be fully Russian (Strategically excellent)
Also a big issue for countries like Finland...
Hello, TradingView community and my subscribers, please if you like ideas do not forget to support it with your likes and comments, thank you so much and we will start a LONG outlook on DE30/EUR explained. Price action analysis & key level thank
DAX is falling from a 10 month range (distribution zone) and I believe that bears are in control of the market. A good sell setup will be test of broken support around 15000 and first target could be around 13000.
GER30 Is trading within the bearish trendline amongst the Lower Highs. So we are looking for a sell with our resistance on 14800 and our support of 14600/14200/14000.
One of the powerful scenario that i predict to happen the next days specially after the strong break out of major suppourt + strong bearish waves repeat themself that maybe will complete to us a market cycle like i show it in addition we have the war between russia and ukraine that make investors feel fearly . write your opinion in my analysis guys
Ger30, the direction of german reversed to upward, soif can break black zone will be ready to upward.
———
Green zone = uptrend
Red zone = downtrend
——-
Target 14850 & 15080
Hello traders, according to my graphical analysis of GER40, there is a high probability of a decline towards the support 13865.0 level.
thank you for watching the analysis, it will be great when you support it with a like, follow me for more market analysis and good buy opportunities.
Zones and trandlines are important because they give clear direction of the market and it is easy to calculate your risk and reward, like SL:14142.56 and it is a calculated risk management for a buy SETUP
