With no significant resistances ahead and after strongly breaking the previous ones, DAX has clear bullish route to complete until the next significant resistance. For now, holding the position would be the right decision, since both chart and fundamentals confirm a positive outlook for the markets.
Take a look at the channels and bottom indicators this is a medium term BUY opportunity I believe... Area of $12960 - $13 050 => Buy area Tp 1: $12 300 Tp 2: $12 400 Long TP $13 000
The DAX may have recently resumed it's uptrend but this count would suggest, that while it may have further to run, there is a level not too far away where I, for one, will be looking out for any signs of a serious reversal.
Bulls are in short-term control in this market where the last bigger Fibonacci has been passed (61.8%) only leaving the minor 78.6% as the last resistance (13200) before the previous ceiling around 13600. For now however a little corner pattern may see a minor setback but as long as the uptrendline sees defending (around 12900) bulls should not worry. Breaking...
DAX's last leg, starting 2018-03-28, is topping or has topped on Friday (High: 13030)! Details EW and Fib.: - "Subminuette"- level (grey): Wave 5 stopped almost at 1,000 (13182,7) of wave 3. This 1:1 relation is quite common! IMPORTANT NOTE: Waves 3 and 4 could also be taken as waves A and B of a corrective pattern (ZigZag), which would end at the same level for...
Hallo guys, this is the trade i am in already, as to me, techinicaly, there is a double top on the chart, and perhaps it is making the right shoulder as well. i would bet on this larger than 1:4 risk reward ratio trade. and the stop loss is little above the current level. Beste RandR
DAX30 (XETRA) - M5 Compression indicates lower Price Levels. Sell Scalp into the US Open...
DAX 30 (XETRA) - Compression Range, Ready for a final Impulse 5 or Double Top ?
DAX remains on the medium term Channel Up on 1D (RSI = 65.938, Highs/Lows = 113.6786), being kept on a consolidation range in an effort to normalize the overbought STOCH, STOCHRSI and Williams numbers. As seen on the chart, 12,919 and 12,854 are the support levels (and long entries) with 13,141 the resistance (and TP). As long as EURUSD keeps falling, DAX will be...
Support held prices above 12,000. Resistance likely to be found at 12,750 which marks the floor pre February sell-off, and the high last April i.e. a key trading level. The 12,750 would also be the 50 Day MA if met within the next two weeks. With the level then back in-line with the 50 Day MA, it would no longer be oversold.
I see a possible head and shoulder formation. I am not sure it will work. It worths following the chart!
Potential swing opputunities on this. Trying out new strategy