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Germany

DAX | DAILY, D1 | BUY follow the LONG opening and make LONG-BUY* * * news from today * * * IT COMES A NEW ELECTED PRÄSIDENT (possible favorite Mr. Steinmeier) FOR GERMANY. check the LONG-BUY opening betweeen the lines above and fallow all day long an upward trend. so that just make a BUY-order. ---------------------------------------------------------------------------------------------------------- ATTENTION! this is a test-analysis on the demo-account. please don't try it on your real account.
TVC:DEU40Long
by VFXtrade
1
DAX 30 - Current consolidation analyzedFollowing the breakout of the channel at the beginning of December, the upward impulsion seems now to be over and a consolidation period has started since the end of 2016. An important divergence exists between the recent uptrend of the price and 3 indicators (MACD, Momentum and RSI). The most valuable one being the RSI being clearly now in a downward configuration with a break of a support and creation of new lows. This is very much a short term signal, as this divergence is not visible on the weekly data. - Short term holders would keep their positions unless price goes below the current support at 11,484 - Mid to long term holders have no reason at this stage to cut their position - In case of a break below the 11,484, the index could retrace down to around 10,897 (61.8% of the current impulsion) - A break above 11,695 would create a new high and be a buy signal, cancelling out the divergence observed
FX:GER30
by gbattini_STA