Hi Traders, DAX today reached its channel resistance and also resistance line around 11,620. I expect for him to find resistance in this zone, however, It wouldnt surprise me see him making another high tomorrow to touch that 0.618% fib at 11,731 and fall, HOWEVER, we need to close the daily bellow channel line to show that sellers put some short orders. Stop...
If we don't reach this price level during this week, cancel the pending buy stop. I think it's possible to see the Dax start an uptrend in the weekly, but first I'd need to see price accelerate away from the mode in this timeframe. I had entered already using the 4h chart, but my target in that timeframe is lower (11550). Entry was 11421, SL 11244. The entry...
Due to the insecure overall political situation in Europe, plunging chinese stocks and industrial metals, the testing of the upper channel edge and a relatively oversold market , we may see another breakdown at least to previous structure level of at least 10700. Another support zone at around 10600 marked with the thin green line may also indicate a potential...
AS YOU CAN SEE I JUST COUNT WAVES. I FIGURE OUT THAT PRICE IS MAKING A 5TH WAVE AND THIS WAVE HAVE AN 5 WAVES STRUCTURE TOO. NOW PRICE IS MAKING THE 4TH WAVE OF THE 5 WAVE SEQUENCE THAT IS INTO THE BIG 5TH WAVE. THIS 4TH WAVE IT SEEMS TO BE AN ABCDE PATTERN. SO I WILL BE LOOKING FOR THE BREAK OUT TO GO LONG. MAYBE IN LOWER TIME FRAME. WHAT DO YOU THINK ABOUT...
Bearish Cypher The bigger harmonic pattern is a Bearish Cypher the smaller one in the right wing is a Bearish Shark. If you agree with my chart(s) or just want to show appreciation - please click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays....
50% Fibonacci from Monthly timeframe 200MA Lower BollingerBand 2 different channels Support from Chikou Span
1. Price moved nicely in 5 waves from the bottom to the upper channel boundary. 2. Than it started to consolidate nicely in the form of flag below the upper boundary of the channel during this "deal/no deal" Greek circus. 3. ABC correction retraced to 38.2 fib of the 5th wave. The level nicely held several attempts of the bears to push the price lower. Target:...
M- showing loss of momentum, bearish candle couple months back, few pin bars since then. W - LL LH rejected by 8ema, respecting channel D- respected 61.8 fib level which was in con with top of channel and 3rd TL touch also lovely PA on daily. target is 127 ext buffer 10530 which is in confluence with bottom of channel and also 61.8 fib level on daily from...
- Descending Channel - Strong Structure Level - Cypher Pattern
There are some reasons to thin DAX may go little up, to 11370 - 11400, and then short - to minimum 11130. 1.618 of fibo ext of last small rejection ends at D of Bat equal overbalances (green boxes) generally bearish trend - aligned to bearish bat close to downchannel top line
The German DAX index seems to be giving the first indication of a bullish reversal today. A double bottom above the 10,800 handle is currently under way on FXCM's GER30 CFD, and this corresponds with a Fibonacci confluence as shown in my chart. It's definitely too early to be sure that a base has been established, but I think the technicals suggest a bullish...
Very interesting movement of European indices, where everyone made it out of the minimum of the day, closing positive after the support base (by definition support) of the descending channel that have been negotiating since early April . Thus, we believe that it is time to open long positions in all the European indices and in the case of the German Dax 30, with a...
Trading Setups: GER30 (DAX) Pin Bar Buy Signal The GER30 (DAX) formed a bullish pin bar buy signal yesterday after moving briefly below 10970 key support level. In addition we can see that this bullish pin bar almost formed at the bottom line of a channel. We could see price move higher from this pin bar in the coming days. Yesterday price retraced 50% which...
Harmonic ABCD and SHS Could be lining up for a harmonic ABCD move like the SP. Price then have to exceed the 78,6 retrace for creating the chance of make it to the SHS neckline. This is a must and comes in at 11.637. Remember the SHS is ONLY active when neckline broken From there we could see a possible target at around 12,800. This could be the very story...
MTPredictor's software generated low risk high reward scenario on DAX. Long, stop and target are automatically calculated by software. STF trend indicator is blue, that is indicating trend is up. This is the setup: Long at 11071 Stop at 10863 Profit target at 12059 Profit around 8% Risk Reward ratio 4.7 (that means i am risking 1 unit to get 4.7 units) In this...
Just looking at the last leg down and the pull back on the DAX and I noticed the lovely way the Fibonacci levels have been respected. Current at the 38.2 level. What will we see tomorrow, a continuation up to the 61.8 @11500 or thereabouts? Teh 73 level is something I keep in mind for stop hunters.
Last attemp to get long near the May low doesn´t work. We get SL at 11.150 Next attemp to get a LONG position will be around 10.800 level, bottom of the descendant channel. DAX still consolidating but DAX still bullish in the medium / Long term, that´s for sure. I think between 1 and 3 months DAX will make new all time highs.
If we break down below 11,150, we'll likely see 10,786 and below on the DAX. It would likely find some initial support at the next order block and 161% fib extension of the recent upswing. Given that Greece decided to bundle its payments to the IMF, the uncertainty around this issue may drive this leg down. Until now, Greece had been all about "talk". Now that...