In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario...
DAX (DE40) has transitioned into a Channel Down pattern following the December 14 top rejection on the Higher Highs trend-line. The 1D MA50 (blue trend-line) is fast approaching as the first level of Support but we expect it downtrend to bottom lower as resembles the declines of August 2023, March 2023 and December 2022 both on price and 1D RSI terms.
All those...
Hello Traders!
This is my idea related to GER4 40. I see two resistance levels and I expect a bearish domination, taking into consideration the evolution of previous days, it looks very likely to go bearish.
I will set two targets, the first resistance and the second resistance level. I'm very curious about the move of the GER index this week.
Traders, if you...
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Germany 40
Germany 40 is now exhibiting a neutral trend. The price is oscillating around the 20-period...
✅DAX will keep growing
Because the index broke the
Key horizontal level of 16,400
Retested it and is going up again
All while trading in an uptrend
So I think that we will see
A further move up
LONG🚀
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In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario...
Price created an ascending channel at the top of the structure with a three touch towards the daily high or ray line.
later price moved impulsively to the downside .
we are now waiting for a convincing correction or three touch flag to complete the move
to the 90% rule.
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario...
There was a false breakout that ended in a penetration in the SHORT FROM zone that was the H4 start of long impulse and the North breakout.
A correction from this short impulse and a new low is needed for confirmation, but as long as the H4 IMP stands, and the long countertrend on H4 breaks, target zones become valid.
GER40 - 24h expiry
Short term bias has turned positive.
Levels close to the 50% pullback level of 16724 found buyers.
The primary trend remains bullish.
We look to buy dips.
Prices have reacted from 16444.
We look to Buy at 16725 (stop at 16645)
Our profit targets will be 16925 and 16985
Resistance: 16885 / 16962 / 17004
Support: 16790 / 16724 /...
Hello,Traders!
DAX is trading in an
Uptrend and the index
Retested the horizontal
Support level of 16,344
And we are now seeing
A bullish rebound so
I think that the price
Will go higher up
Buy!
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