Hello, Investors following a rigorous analysis I expect this scenario
Breakout is confirmed in my opinion and now I'm long. First target 13,800. First goal is to get SL @entrypoint and then let the trade run. Greeting from Hannover Stefan Bode
The range 12,850-12,860 should be magnetically attractive. Is this where the trend reversal and thus the end of wave 2 takes place, or has the air gone out of the market and market participants are securing their profits before the US election (in 2 months) and are switching to cash, gold, commodities or ...? Greetings from Hannover Stefan Bode
The market goes back down but two major resistance could limit the fall. And don ‘t forget to take your profits…
Sell volume with breaking resistance
Pattern: Channel Up since late March. Signal: Bullish (A) as long as the Channel Up holds (right now marginally holding), Bearish (B) if it breaks. Target: (A) 11200 (right below the Resistance) and (B) 10200 (right above the Support) or the Higher Low trend-lines if you seek quicker profit.
Pattern: Channel Up on 1W. Signal: Bearish as the price is below the MA50 and MA200 on the 4H chart, with a potential to form a Death Cross. Last time that happened DAX made a Higher Low on the Channel Up. Target: 12500 (top of the Higher Low support zone). * Latest successful Sell Signal on DAX:
Pattern: Channel Up on 1H. Signal: Bullish as the price made a Higher low. Target: 12990 (Resistance) and 13100 (extension for risk seekers).
By looking at the past two sessions, it is very clear that the waiting for FOMC does indeed affect the Dax. Yesterday’s session only had a range of 70 points and most of the time, we traded sideways, slightly to the downside. The session ended at the price 13 312. Important zones Resistance: 12 433 Support: 12 281 Statistics for today 25 % gap...
Pattern: Channel Up on 1W. Signal: Bullish as the price rebounded on the Channel's Higher Low. Target: 12600.