We discuss three scenarios that could play out today. We reached the area where the wave ((4)) can end. In case of a single correction, we should start to see an upside movement. In case of a double correction, wave ((4)) can retrace deeper. Finally, we also might see no wave ((4)) if the preceding three waves up are part of a larger WXY correction. In that case,...
it looks like german dax is looking for another rally upside after forming clear corrective wave in the last few weeks .
We will be looking for selling opportunities as the market broke the bullish trend
Still long on DAX however, I've opted to exit my previous position and re-enter for a better RR at the previous bullish order block as I believe price will come back to this level to take out the liquidity below the support level at 15994.6. Once price retests the bullish order block at 15916.20 it should be safe to enter long positions as price should take out...
Hello traders, Wave 5 is supposed to materialise towards the resistance zone at 16702.00. Thanks.
In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). In our secondary scenario, the high might be in and the pullback might have started. For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2))...
CAPITALCOM:DE40 Price on the 4H timeframe has almost completed its upside move to mitigate the bearish order block and take out the inducement level to signal a brewing downtrend. ENTRIES CAN BE EXPECTED NEXT WEEK OR TWO WEEKS TO COME. STAY PUT FOR UPDATES
Taking a short term buy on DAX as it seems my bearish setup was invalidated. Price is currently in creating the 5th Elliot Wave and we should see price take out the all-time high on DAX in the short term. Price not only has given us a break and pull back of the dynamic resistance, but we are also holding this key area of support at 16071.8. Trade will be...
View On German Index DAX (14 July 2023) DAX is in * Bullish in short term (Intraweek) * Neutral in Mid term (1 to 3 months) * Neutral Long term (3 months onward) We had a great swing back in the DAX in the recent days. It shows that the market is not ready go lower anytime soon. We may see a temp pull back right now but I do not think it will last. 15,900...
We need a bit more data but traders can prepare for a short trade. In case of an impulse, we wait for 5 waves up that end with divergence. Keep in mind that we do not necessarily need the 5 waves up, 3 waves in the form of an ABC is also possible. If we stick with the three waves, a new wave 4 low cannot be excluded.
Dax . Here is the 4hr with a high marked with a ? mark We will see if this is the high and also monitor lower TF p/a to understand if strength remains or not. It's the 64K question. But don't predict but get into an emerging trend as soon as possible. One needs to know what is confirmation and what is not. has had a crazy upside run, most have not made $ in this...
Dax has had a crazy upside run, most have not made $ in this trend. It's how our minds are wired but we need to trade what we see. Looking back it is so clear, but during the rise there were many HH HL's. This was all the information we needed, all we needed to do was enter in the trends direction with proper risk management and sit on your hands. Obv the sooner...
DAX broke yesterday above the 1D MA50 (blue trend-line) again after rebounding at the bottom (Higher Lows trend-line) of the December 2022 Bullish Megaphone pattern. This is the new technical bullish leg that will aim to form the next Higher High. On a similar way with the previous bottom rebound on March 20, the Low was also priced after the 1D MA100 (green...
We need a bit more data but traders can prepare for a short trade. In case of an impulse, we wait for 5 waves up that end with divergence. Keep in mind that we do not necessarily need the 5 waves up, 3 waves in the form of an ABC is also possible.
Short term Elliott Wave view in DAX suggests the Index ended wave (3) at 16427.42. Wave (4) pullback unfolded as a zigzag Elliott Wave structure. Down from wave (3), wave ((i)) ended at 16069.1 and wave ((ii)) ended at 16184.30. Wave ((iii)) lower ended at 15733.12 and wave ((iv)) ended at 15874.90. Final leg wave ((v)) ended at 15713.70 which completed wave...
Just testing this feature for now Cheers Dax can be very profitable, if you can understand the price action language. Until then I highly recommend trading it on demo. Never under estimate how powerful news can be to this index. It can rip either direction
GER40 - 24h expiry Short term oscillators have turned positive. Previous resistance at 15750 now becomes support. The primary trend remains bullish. Prices have reacted from 15450. Trading volume is increasing. We look to Buy at 15741 (stop at 15641) Our profit targets will be 15991 and 16051 Resistance: 15851 / 15900 / 16000 Support: 15800 / 15750 /...
We need a bit more data but traders can prepare for a short trade. In case of an impulse, we wait for 5 waves up that end with divergence. Keep in mind that we do not necessarily need the 5 waves up, 3 waves in the form of an ABC is also possible.