DE30EUR (Long)Looking for a retracement back into the weekly 50% at prior support at 15792
-ITUProfessor
German30long
DAX COULD RISE! hey tradomaniacs,
DAX has jsut re-tested a very nice suppor-zone with possible bullush confluence!
Be carefull with USD-Longs as many indicies have just tested strong support-zones!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Buy Dax Index at 10920 with the sl 10820 and tp 11100Buy Dax Index at 10920 with the sl 10820 and tp 11100
German Market (DAX 30) to head higher : Elliott Wave AnalysisIn this post I'm discussing the chart of Dax using Elliott Wave.
As per my main count that is presented here the market is in Wave v of Wave 3 and hence a lot of upside remains.
Upside targets for upcoming months :
T1 : 12400 (Most recent high)
T2 : 13000
T3 : 14000
The market seems very favorable from the point of view of investment as more upside can be seen after T3 is achieved, however more optimistic view will be technically achieved once the long standing resistance of 12400 is taken out.
