DAX 30 German Index longs at weekly demandDAX 30 German Index breaking all time highs. Pausing on the weekly timeframe before a breaks out to create a potential weekly demand level on the way up if the second leg is created
New weekly demand zones created on the way up. Longs at weekly demand zones
Germanindex
German Markets DAX 30 to head higher (Elliott Wave Analysis)It looks like DAX 30 (German Index) has just completed an A-B-C corrective Wave 4 (The circled Blue Wave iv) and hence we can expect good upside in the coming sessions.
From an alternate perspective it is also possible that the Wave iv of Wave (c) is still continuing as a Triangle or some other corrective structure, hence it would be best to look for longs only after the break of the Green Trigger line 12308 level to the upside.
The exact confirmation of the new leg up will only come after the break of the Blue upper channel line.
Even if the Wave iv (Blue circled) is continuing as a Flat, we still have a good trade setup here to look for longs untill atleast the all time highs of 12960.
I will update further as this market continues.
DAX - Potencial Bullish Dragon?DAX potencial Bullish Dragon?
Continue to move on the goals of Pattern Bullish Dragon.
Possible scenario on the chart.
Targets on the chart.
TP1 - 12495 TP2 - 12555
TP3 - ? (12653) TP4 - ? (12812)
Alternative scenario under the pink trendline (12390-12380).
High risk trade!
Thank you for your attention.
DAX - intraday: Maybe Bearish Dragon?DAX potencial Bearish Dragon?
Continue to move on the goals of Pattern Bearish Dragon.
Possible scenario on the chart.
Targets on the chart.
TP1 - 12583 TP2 - 12532
TP3 - ? (12450) TP4 - ? (12317)
Alternative scenario on the chart (after breakout blue dotted trend line).
High risk trade!
Thank you for your attention.
DAX intraday viewDAX potencial Bullish Bat
Continue to move on the goals of Pattern Bullish Bat.
DAX wants to kiss EMA600, and maybe rebound.
Possible scenario on the chart.
Targets on the chart.
TP1 - 12720
TP2 - 12774
TP3 - 13002
Perhaps we can see an extension of D.
I will comment on the idea.
High risk trade!