Keep it simple on DAX (GER30)
Simple strategy:
Don't measure these lines point by point. The reliable signals are trigger candles called marubozu candle.
Lower timeframe is useful for finding the signals sooner.
- If the top resistance marked with blue is broken out with a trigger candle, then buy and hold until it reaches the green line. This profit zone is a weekly peak.
- If the bottom support marked with blue is broken down with trigger candle, then sell and hold until it reaches the green zone.
Don't measure these lines point by point. The reliable signals are trigger candles called marubozu candle.
Lower timeframe is useful for finding the signals sooner.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.