Dax30long
Are BULLS finally taking over?Hello everyone,
today I would like to point out this situation on EUREX:FDAX1! and the fact that we are breaking the triple top from previous weeks. We could see on the chart that buyers were trying to push the price higher and eventually they did. The next resistance I can see is around 11 876 EUR so we have some space for uptrend in following days.
The most important information would be today's close price. US session is about to start, so we will see what it is going to do with DAX but in general if the price stays above 11 250 EUR, we can look for some nice longs. ;-)
Good trading, guys!
John
FINEIGHT Team
DAX30 or GER30 Buy Setup OneThis is the DAX30 chart on the hourly time frame.
We can see a Wave 3 up and a wave 4 sideways. The 4 might stay sideways all day today
Which could be a good thing if you ask me.
Because that would increase the chances of a Strong Wave 5 breakout tomorrow. Or later today during US session.
If not today then tomorrow during European Session Open. that is the Frankfurt or London Open.
DAX, 4h, Possible Elliot Wave CountHello traders,
You can see my earlier ideas about DAX at related ideas section. I'm gonna take this trade with invalidation level and i hope it helps some other people also.
This is just an idea, you should set-up your stop loss, and take profit levels and be careful about your margin. (Always use fibonacci levels for that.)
Always consider the worst possible scenario and have a good day.
DAX analysis for 17.4.2020Hello traders!
Yesterday we were expecting a short term sell off on EUREX:FDAX1! and eventually we got it.
Today we are opening with more than 300 points gap which tells us that the buyers are back in the market and we may start to look for some long opportunities.
Have a nice day and enjoy your weekend, guys!
John
FINEIGHT Team