TP 10817 As always, this is just my take on things and I urge you to trade your very own plan! Good luck!
TP1 10572, TP2 10555 and TP3 10530 Thank you for viewing my idea! As always, I urge you to follow your own plan. Wishing you good luck trading.
TP long at 10590, then short with TP1 at 10095, TP2 at 10040 and TP3 at 9961
TP 1 = 10789 TP 2 = 10838 TP 3 = 10909 This is my plan for the week but as always, I urge you to trade your very own
The move up from 10347 to 10618 has retraced nearly 50%, creating a nice bull flag. I expect DAX to make a journey North today to reach TP levels 10692, 10730 and 10786. As always; this is just my plan and I urge you to follow your own. Thank you for viewing and I wish you a great trading day!
Yesterday's target was hit and overshot the 61.8% FIB level slightly. 1H and 4H charts still look bearish and the 10470-480 level needs to be breached. Above that, we'll go up to 10600. A failure to break this level may result in a further drop thus continuing the bearish pattern towards 10100s. My plan is to go long but I urge you to trade your own plan. Thank...
Today could see a break through the 10640-10650 level leaving DAX to go all the up towards 11800. The reason why I think this may occur (60% chance) is that Friday's engulfing candle is so far the strongest bullish candle formation within this bull flag. Alternatively, we may still see the last leg down towards 10140 (40% chance) which will give traders a great...
This forecast is for Monday and Tuesday since the official market isn't operating on Monday. Essentially there are three target levels; 10686, 10742 and 10823. These won't be reached in a straight line so watch out for price action. Deutsche Bank and Commerzbank have shown quite a bit of volatility and any announcements on DB in particular can throw the DAX off...
This is my first attempt at forecasting Brent Crude. So, whatever you do, please don't follow me as I may be lost too! Any comments are welcome as I am trying to broaden my experience from just trading DAX. Considering a short at 50.01 with SL at 50.30. What do you think? Thank you for viewing and I wish you successful trading!
Expecting DAX to reach 10848. It may go sharply South from there -or move up higher towards 11036 or even 11306. These are my three TP levels.
The day candle closed on 10289 which is exactly the descending weekly top channel line and I expect DAX to try and get under it with the next target being 10180. Providing we don't see long shadows on the hourly candles, DAX can move further down to 10136 or even 10072. It is worth noting however that at 17:30 yesterday DAX closed at 10402 thus leaving a gap and...
We're arriving shortly at 10538 which is 61.8% of the down move from 10707 to 10246 and this may be significant. If a reversal signal appears we have a good chance that DAX is going down to 10323 or even further. Otherwise we can expect to see the 10600-10700s . Price action is everything and FIBS perhaps an annoying distraction. Wishing you a good day's trading!
My forecast for yesterday was plainly incorrect and yesterday's day candle ended up with a small green body with a longer wick at the bottom than on top. Today can go either way but I am biased towards the > 10480 level. Indecision may well continue until later in the day with both Janet Yellen and Mario Draghy speaking. More so than any other day, today it's...
Yesterday's drop, mostly fuelled by Deutsche Bank's 7.5% drop in share value on Merkel's statement that the German state would not bail out the bank, brought DAX down further than anticipated in yesterday's forecast. DAX went down to 10339 and has since seen a reversal signal on Germany denying that statement was made. I expect a sharp move upwards to 10808 and...
Forecasting DAX to go further South on Monday to level 10520-10422 and up from there...
DAX looked to get back below the weekly trend line and failed whilst forming a bullish day candle but stayed below 50% retracement level. Still predicting it to go South to 10246 unless we hit 10600-ish level.
Short to 10245 which is a 78.6% retracement from the run up from 100093 to 10806. Long around 10245 possibly to fill the gap at 10475.