We Know that triangles, wedges and rectangles are the most common price patterns. We learned how to measure the height, diameter and angles at school but you might also asked yourself sometimes When Are We Going to Use This in Real Life? well here; :) The following is an example of a wedge that is being printed currently by the DAX. I used geometry and angle...
Entry price : 13360-13370 SL : 13295 TP : 13800 Use 1% risk
The Dax may have completed the blue x with today's low at 13469. At the ideal target of the green (c) and the yellow circled Y, the downward movement could be stopped for now. Whether this is sustainable and the Dax starts another attack on the all-time high from here, the next few days will show. However, my preferred scenario is a final high. The minimum target...
The Dax continues its uptrend because it cannot break the uptrendline, if it can break EMA upwards it will come back to 14,100 dollars otherwise it will break the uptrendline..
The DAX continued its uptrend after breaking the 13,900 dollars
Broke the rhombus & retested. Short to downside ?
In this video, we take a look at how Manufacturing PMI data in Europe and Germany is used by the investment community to know when to buy or sell stocks with the European region. This economic indicator is a powerful tool we can use to a clear idea as to the expected performance of the German 30 index and STOXX600 Index. Manufacturing PMI data is available on...
Since beginning of Covid until today, the most valued point is around 640. For me that means, the market feels comfortable in this range after the second shutdown wave. These days could be a test of this area before going back, at least to the Golden Zone. A longer term range could be the result after the last impulsive two weeks from now on. Happy trading and...
I would provide here some my view for the Dax for the next few Weeks. I think the picture speeks for itself.
After reaching my 11500 target, the German index had a false break under support and reversed. Now is trading exactly in resistance (12500) which is also the neck-line support of H&S. A new leg down is probable from this point and also we can have a great R:R if the index is retesting 11500 zone
- Price rejecting from trend resistance - Rejection point has confluence with 78.6$ Fib retracement - Shorting from below current candles to re-test of support below - Trade 3X RR
DAX / GER30 : The "Main Trend Is Always Up" Game is coming to an end... Even though it may seem that DAX futures could recover somewhat from the losses of the today's core trading session, it is important to keep in mind how the 3 and 4 hour trends are developing in the meantime. Have you been following the German and European news in the last few days? They say...
The German stock exchange index DAX has been creating a potential head and shoulders pattern on the daily chart. After the spring and summer rally, the market has been consolidating and creating a potential distribution in the area of the bearish gap from February. The whole movement looks like a possible head and shoulders pattern where the left and right...