Rising Wedge Pattern has formed and Next Target is the Trendline Top. If Breakout Rising Wedge Pattern, then the 2nd Target is 44000 (+135 %).
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European stock markets rallied today amid indications that major central banks might have concluded their tightening cycle. The DAX index in Germany edged up by 0.1%, fueled by growing investor optimism about the European Central Bank's pause on interest rate hikes despite bleak economic data.
The Eurozone faces a potential recession in the last quarter of the...
The DAX in Frankfurt exhibited robust performance, closing at 16,150.17 with a 1.10% surge, largely fueled by positive market responses to German Consumer Price Index (CPI) data and Federal Reserve hints at potential rate cuts. German CPI figures for November indicated a substantial easing of inflationary pressures, favorably impacting investor sentiment....
European equity markets, especially the German DAX, are poised with a bullish sentiment despite concerns about a potential economic slowdown in 2024. Analysts surveyed anticipate a moderate increase in European benchmarks, projecting a 4.1% rise for the pan-European STOXX 600 index and a 2.5% increase for the Euro STOXX 50 index by the end of next year. Amid...
Pair : German 40 Index
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame and Completed " 123 " Impulsive Wave. Rejecting from the Lower Trend Line to complete the " 4th " Impulsive Wave and Retracement for the Break of Structure
Entry Precaution :
Wait for the Proper Rejection or Breakout of Trend Line
last week the price managed to form a new HH and at the close it looks corrected. the chances are that the price will still have a limited downside before continuing bullish.
Pair : GER40 ( German 40 Index )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Retracement
Divergence
Break of Structure
Completed " 12345 " Impulsive Wave
Exp FIAT as an Correction in STF
special request from one of our members.
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this is the german index,,,
i don't know much about germany,
but i reckon it's in a similar situation as our market:
>bears keep shorting,
>market maker keeps squeezing.
>the more the bears add,
>the higher the index goes.
>index can't drop until the bears do.
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what i'm depicting in the above chart is...
Dax is showing signs that it maybe ready to breakout out of a large scale high volume node that started in early June if the market breaks out of that area there is a considerable amount of space that it can run to the upside
German 40 Buy Stop
Entry 13550
Stop Loss 13450
Take Profit 1 13840
Take Profit 2 13940
Be aware that on Thursday Aug 4 GBP will have...
![GER40: 4-19-23 [ger40]](https://s3.tradingview.com/t/Tj7Rf0iz_mid.png "4-19-23 [ger40]")
