Germany 30 1 Hour Trade SetupIf we can close below the 10 EMA, expect a move down to the 127%, if we look at the daily you can see we are in a downtrend although it seems like a correctional move! Please take profits quickly, the dax looks like it will break this year highs!
I have a link in the description to the daily setup coming!
Germany30
DAX 30 Wave 5 down remaining (Elliott Wave)In my last article I suggested the possible up progression in DAX, but from the current Price Action it seems that we have one leg down remaining as Wave 5, only after this down leg completes will we have a completed Zig Zag and can expect some upward progression after that as previously suggested.
German Stock Index (DAX) Daily Update (5 Aug 2017) *Swing up forIt is using the lower level of 12100 as a support level and trying it best to bounce up.
I beleive it will be short lived, it shall not go up alot. It can go up for 12450to 12500 as retest.
I believe staying bias on short side is a better bet.
I will wait.
Trade Safe.
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
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.
Edging on ICEGood morning Traders. How was the weekend ? Another trading week will start soon. so let's dig in.
The daily chart look's BULLISH. with US new high, looks like we heading towards 12730 - 12750.
BUT before we run and buy, we should look deeper
The 2hr chart is more BEARISH, so we can expect so some sell before US market opens.
not to mention that US might sell off a bit after weekend rally.
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Remember, you dont have to jump in. you can use the WEEKLY and DAILY pivots to try and enter.
the logic with pivots is - if price goes up towards S1 (top line) you might consider sell if it doesn't go above.
if price goes down towards P1 (bottom line) you can consider LONG if it won't breaks below the line.
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.