ON THE 15MIN TIMEFRAME WERE CURRENTLY IN LEVEL TWO CONSOLIDATION. MEANING WE STILL HAVE ONE PUSH INTO LEVEL THREE CONSOLIDATION TO START THE 15MIN BEARISH CYCLE. THAT PUSH INTO LEVEL 3 USUALLY GIVES YOU THREE IMPLUSES WHICH IS DISPLAYED ON MY CHART. IT CAN BE VARIATIONS ON THE THEME BUT THAT'S WHAT USUALLY HAPPENS. THEN IN LEVEL THREE YOU WILL GET CHOPPY MOVEMENT...
Trade Alert This is a potential short-term idea, which still needs some confirmation, but could play out. The index is breaking the short-term upside support line now, but because the 4-hour candle is not finished yet, we will remain careful. A drop below yesterday's low, near the 11160 hurdle, could indicate that there is a good chance of seeing a further...
Let’s take a look at the long-term chart of the Dax. We can see that Dax has recovered well on an 1-hour chart after the touch of EMA. since we haven’t seen any appreciable backtest of the shoulder-head-shoulder formation yet and we have exceeded the latest low in a short period of time. I proceed to the following upsiring courses, till we finally can see a...
We shall see
We show black with resistance to back more than 4 times. There may rise if the broke black resistance. In case of breaking 11.320, we will be target level of 11.566. The rise of the red channel is broken habitable decline DAX . In case of breaking the 11.200 support will be our first target level of 11 050 and second target level of 10.915
DAX has been overlapping to the down side since a short term high was placed on last Friday. After running the double bottom formed on Tuesday this morning, the formation of bullish cup and handle is taking shape. The handle part of the formation has retested the prior break out zone from 11145 to 11160 has given more strength to this formation.
DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension, Inverse head and shoulder porfit potential ). Ichimoku Cloud shows bullish trend where we might see a...
The index has been trading within a strong recovery Channel Up on 1D (RSI = 59.688, MACD = 74.500, Highs/Lows = 85.2929, BB/P = 251.0418) since the December bottom. Although the technical target is the 11,550 Resistance and potential Higher High, since the upside is clearly slowing down on a Rising Wedge, it is best to but and settle for a lower TP at...
Opportunity to buy DAX on the break of the impulsive down trend line, stop below the current lows. Selling through support also an option but next support is close by and risk-reward ratio is not as great.
The German stock market is looking up with a Minor Pivot Stack setup on the DAX. The Monthly Pivot Range is providing good longer term support. Go long if the price trades through 11294 and place a stop loss at 11124. With a profit target at 11635, this makes for a good risk reward trade.
A possible long opportunity for this index
In this plan we will try to catch the wave on the short in case of a break out to the sell zone
Germany 30 testing 11460 area, monthly support turned resistance. Waiting for confirmation to sell.
do we see a red candle on monday? I think so. We took a nice profit from our last 2 Dax trades and closed the positions. Now the Dax is oversold. He needed a lot of power to overcome the last high and stays at 10300. At present he forms a shoulder shoulder shoulder formation. Here I act with a small position because it is against the trend. enjoy the way logindaten
ABC Correction forming Head and Shoulders