DAX shows Elliott Wave bullish sequence from August 15, 2019 low (11266.48) favoring more upside. The rally from 11266.48 to 12497.28 ended wave (1) as a 5 waves impulse Elliott Wave structure. On the chart below, we can see wave 3 of (1) ended at 12471.83, wave 4 of (1) ended at 12141.82, and wave 5 of (1) ended at 12497.28. Index then pullback in wave (2) and...
The Brexit Deal has given the German Index another push up out of a consolidative range opening further goals to the upside. However due to the fundamental bearish data I still asume that this push up is a bigger corrective structure which will eventually find its end. So for now its bullish but watch levels around the 13K mark.
sell #dax 12402 and TP1=12285 take half of your gain and try to go to fill the gap on TP2=12187 ,also when u are around 12250 made a SL at 1290 like that if he up u are safe and with gain #dax30 #germany30 #dowjones #nasdaq #cac40 #sp500 #usdjpy
for china us trade talks i am sure e are on buy THE RUMOUR AND SELL THE NEWS
This is my prefered DAX big picture count at the moment. I prefer this count in correlation with the fundamental Data which clearly shows us that Germany is in a recession. However I will also link some alternative Big Picture Analysis to the post which is bullish.
Friday's developments in the US-Chinese trade talks resulted in the presentation of a partial trade deal between the US and China. This caused some heavy price action fireworks by happy DAX30 CFD bulls into the weekly close.
The German index recaptured 12,150 points and found, in addition to the lessening of US-Chinese tensions, another bullish driver with a...
Its me again a lot of news talks regarding DAX. What do you guys think will happen to the DAX in the following week, I would love to hear what you guys think
P.S I still need reputation to talk at the moment if you guys can follow back as well as LIKE. That will help so much I am not sure how many followers of likes I need to get 20 reputation points...
The DAX30 formed a strong bullish candle continuing its trend and stopped at this resistance at 12518 so unless we broke it the DAX30 might mark a correction and test a support at 12420 the key is that the DAX 30 will break 12471 then 12518 so we can target 12650 but if we close below 12420 we might come back to 12300 then 12195
so my strategy is to buy if we...
On the H1 time frame, the DAX seems to be bullish,
But if we take a look at the higher time frame we can see it is only a technical correction.
The fresh supply above is confluence with Fibonacci 61.8% which creates a powerful setup to sell the DAX index.
I'll sell at the moment the price will touch the supply.
The target will be 11.700 zones.
As analyzed the German Index made the expected 3 wave pullback to the upside. However the overall picture remains bearish in my count. There is still little bit more room to the upside maybe around 12200. The index should now be watched carefully however since we are potentially in the final stage of a 3-wave corrective completion after which I expect the...