Now my Trendchannel system shows short Decision Level BLACK has been broken Now we are in Short Aerea. Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade ----------
Marked with a black arrow This is the Level which should not break Please notice that he channel system startet to slow the uptrend. Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade
Hello to all watching my charts Dax DEU 30 climbs step by step and our by hour to higher Levels. Fine that my forcast has been 100% correct.. Hope you are in. At the moment for today Support Level to wacth is 12840 for further long- Good trades If you want to support my work , please like them - My posts are not and advice to buy or sell something always...
DAX shows Elliott Wave bullish sequence from August 15, 2019 low (11266.48) favoring more upside. The rally from 11266.48 to 12497.28 ended wave (1) as a 5 waves impulse Elliott Wave structure. On the chart below, we can see wave 3 of (1) ended at 12471.83, wave 4 of (1) ended at 12141.82, and wave 5 of (1) ended at 12497.28. Index then pullback in wave (2) and...
Looks like DAX may be establishing shortterm upwards trend, for swing to around 12.150. I like it above 11.950
Hello to all watching my charts After the last break of the trendline (purple line) (please check my last DAX post here a few days ago) the chance of long has not fullfilled and Dax stays in the short signal aerea with lower and lower and lower prices. So what comes next ? Of course i am not able to tell you the future but some things are to mention. 1. We...
Hello to all watching my charts Today i will show you trhe power of trendlines and broken trendlines as trading points. For example here is the DAX Germany DEU 30 index on base 1 HR We are long since 4.7. 11925 / broken left blue trendline short since 9.7. 12400 / broken purple trendine +75 points long since 15.7. 12400 / broken blue...
Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in...
Elliott wave view in DAX calls the pullback to 11625.31 as ending wave (W). This move lower ended the decline from May 3 high. The Index thus is within wave (X) rally to correct the cycle from May 3 high (12435.67) before it resumes lower again. On the chart below, we can see the rally from June 3 low (11625.31) is unfolding as an impulse Elliott Wave structure....
Now that the DAX has reached the target we can expact it to come down to the support of the upward channel before it will break higher. let's see what happens in the next few days.
Going to keep riding this wave, more pips to come by the looks of it.... nice tight stop on this one as well... enjoy...
Hello to all who watch my charts. Who my idea Dax Short from 21.3. followed (fall down out of the the Long Channel in PINK) is now already 300 Dax point forward. But as soon as we have reached a point at which a small bottom formation is emerging today. In the area around 11300 to 11330, DAX DEU30 has today stopped its downward trend several times. We have to...
Clear D1 Ger30 sell opportunity. We haven't yet solved Brexit :D We buy long bad economy data :D April Option Interest is in focus of 11.420 :D RSI D1 clear overbought sign :D What is here going on? Algos doing crap again. This runs on steroids. Don't get trappet. Target: 1 11680 Target: 2 11450
Dax is going down exact as descriped in the new trend channel Nothing really new things happens today. What to mention is: Dax found support at the support line of around 11410 - aerea 11421 - 11420. Mabye from that point Dax can revcover now to the upper line of the red marked trend channel down (Up to 11500 aerea is free spcae there till end of mondays...
DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension, Inverse head and shoulder porfit potential ). Ichimoku Cloud shows bullish trend where we might see a...
DAX is approaching our first resistance at 11716.39(horizontal pullback resistance, 50% Fibonacci retracement,100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 11042.54 (50% Fibonacci retracement, horizontal overlap support) Stochastic (55,5,3) is also approaching resistance where we might see a...