GER30-DAX
GER30: 13k as target for the fifth wave?Hello Ladies and Gentlemen
I want to present you my newest idea for the upcomming movement at GER30 Index.
The first wave started with an Island GAP which got closed fastly. This Island GAP sent me the first bullish signal. After a long first wave (625 points) the market recovered to the 50% Fibo almost perfectly. This area is the same level where we had the first GAP-level from the Island GAP. Random? I dont think so.
After the recovery the market used the power from the 12190 support where probably a lot of new buyers came in who pushed the market to the 12450 level again. With beating the 12400 resistance we now have a strong support below.
Since the 3rd wave is always the strongest, longest and most attractive (for traders) wave i expect to see a target at around 12840. This would be the 161,8% extension. After this long move there should be the second and last recovery wave which could run to the 12600 support which is a strong support area. At this place buyers could find a new entry to trade the fifth and last wave at least.
The fifth wave is always the weakest wave thats caused by a possible end of the uptrend. Its the first signal for an upcomming big recovery. If its all running perfectly the fifth wave could find its end at the magic number: 13000!
This is for sure a perfect picture of a upcomming movement but its feasible. I am looking forward to the next weeks :)
Long Ger30 (DAX) @ 12,000; TP @ 13188, SL your choiceLong Ger30 (DAX) @ 12,000; TP @ 13188, SL your choice
GER 30 long short term. 12.640 targetPossible long after double low formation over 12.100.
Needs US support.
Frist target to 12.640, 13.050.
If 12.150 breaks short, idea closed.
Good luck :)
Long term perspective on GER30GER30 is bullish in long term and bearish in short term
The possible price action is mentioned in the chart
Best of luck :)
Bullish prevails for GER30Great bulls action was shown by GER30
I will wait for the pullback and open the trade as shown in the chart
Best of luck
Germany 30 (DAX) Trading IdeaThere seems to be a lack of confirmation for a long trade. Quite the opposite- seems like the 4H chart is seeing a rejection and there is a bearish engulfing pattern.
Plan for the medium term w/c November 13th 2017 T1 = 12950
T2 = 12390
T3 = 11890
This is based on the assumption that wave 5 has come to an end and that we've entered a correction wave. Would be happy to hear from people that know a lot more than me about EW.
Median line support GER30Possible pull back up to upper resistance line. If It breaks through wait for a significant close for a continuation to downside.
DAX (Germany 30) Possible ReversalThey say never go against the trend, but it looks like a very strong resistance to break and maybe a chance to take some fresh aid before further raises.
No Mans LandThe Dax has been reluctant to short term indicators as of late, and traders have seen more of an impulsive bull rally, often finding it hard to get a good entry. After this mornings Gap up, I will be sitting out, waiting for some form of confirmation. My long term view is a slight pull back and push up towards 13,800 (Upper resistance channel). Then we could see a retracement of some size, however not before tying it in with a fundamental reason.
Please see my last post for a shorter term P.Fork I took yesterday, closing out at 3/1. The trade failed to retest the median line.
This is my theory, please do not trade purely off of what I am posting, instead compare it to your analysis. I am wrong 40% of the time, so find your edge!
Happy trading.
GER20, DAXI short. First target 12.720 Possible short in Dax30, Ger30, indication Fibo D1 and RSI over 80%
GER 30 BUY SETUP GER30 we have head and shoulders pattern buy if breakout targets on the chart
sl below the head 11900.00
thanks for attantion if you agree put the finger up it will be big support for me
One Last DanceGood morning Traders. On last dance before we pull out the blanket and aiming to 11600.
We might late bullers buy it into 61.8% retrace - 11367 - but thats not a must.
We might even topped and heading south from here.
Drive safe
EURUSD has a Bearish Pin Bar on its Daily ChartA pin bar on a daily chart signals a direction change. Here the stop loss is at the top of the pin bar where there was strong selling pressure. I am short a EURUSD future in my margin account and will buy UUP in my 401k. EURUSD can fall as GER30 and DAX show strength. I will look at going long on DPK or some Europe etf in my 401k. Traders can take precautions or wait for confirmation. A strong DXY has widespread effects.
Ger30 or DAX. Possible Bullish Butterfly.A possible bullish butterfly could be in forming in the DAX or GER30, which could give some buying opportunity around 0.786 - 0-886 Fib levels which is marked as D in the chart. Targets could be around the 38.2 and 61.8 retracement of CD leg. This all could happen provided right price action at point D.
Just an educated guess which could help you in making better decision before taking trade. Please do your own analysis.
Bouncing BoyGood morning traders. Friday is here. what a joy. here not much chanded. still waiting for the last drop before bulls will rull again.
REMMBER pivots line (ORANGE COLORED, weekly and daily on screen), if you think to jump in.
Drive safe. Let the padestrian cross first !
the chart here should be valid for few days now. Lets watch.
