BaliShag

BaliShag

Just some possible patterns on Deutsche Post. I make a lot of these charts, but I usually keep them private for learning reasons and as a kind of watch list, so bear in mind that this isn't actual planned trades. Besides that I'm hoping that analyzing the DAX members individually, could help me understand DAX itself better. Kinda obvious I guess ;)

BaliShag

Just some observations on time/cycles. Maybe it means something, maybe it doesn't, but it looks like we could see some relief soon. Great potential support zone too. Monthly chart:

BaliShag

Just some long opportunities I'm looking at after the initial succesful wolf wave pattern I posted on a private chart here: Several lines intersecting in the same area as the reciprocal ab=cd completion in the first box. If it fails and breaks down instead I will be looking at the potential butterfly pattern around 43.

BaliShag

Old private chart but thought I'd share it anyways ;) Seems like it might work out.. Measured moves, patterns, time target zones, channel/fork tops etc. Time for a pull back.

BaliShag

Nen Star pattern, divergence, pitch fork confirmation and what does look like a bottom formation.

BaliShag

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BaliShag

DAX has been struggling with this bat for 3 hours now, grinding it's way up in a nice 1 min channel... Is it gonna hold???

BaliShag

Price failed to reach the down sloping median line (*), made a double bottom right at the Gartley completion and expected channel bottom, which also happens to be right at the .382 retracement from the 2011 Oct. low. As long as this level is respected I would recommend keeping an eye out for any bullish setups. A positive retest of the lower parallel could...

BaliShag

DAX seems to be reacting to the possible channel/fork bottom here. Below we have AB=CD ending right at bat completion. Think we could ses a bounce now, but 9470 seems like a more likely PRZ.

BaliShag

AB=CD completed right at an energy point (two crossing median lines). Looking for a bounce to at least TP1: 10.113. In case of a fail, bulls should be crossing their fingers at the lower median line/possible channel bottom. A bit lower the bat pattern completion might be the last chance for bulls in this zone. Short term: slightly bullish Mid/long term: so far bearish.

BaliShag

ABCD to Bat 1, .685-.707 retraces and possibly channel top depending on the time factor. Price action and possible patterns matching the two horizontal two tier channels. Between 10.500 and 10.600 we got some fib clustering going on and right above an old channel bottom (black tilted line). Might be updating the chart later, unless it's completely off ;)

BaliShag

Just to look back at it :)

BaliShag

Anti Cypher, ABCD in the CD leg into the .685 - .707 zone + support + channel bottom. We could see bulls trying to step in here ... COULD ;) Interesting area no mather what.

BaliShag

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BaliShag

Made in seconds.. Just an illustration ;)

BaliShag

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BaliShag

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BaliShag

Catching knifes...