Hello traders!
DAX made nice and impulsive bounce from projected support after we noticed a three-wave A-B-C corrective decline, so it's turning back to a bullish mode, mainly because of recent break above trendline.
However, watch out for a temporary short-term pullback to fill that open GAP, which can actually retest that daily trendline with potential support around 12300 level. In fact, if current 13300/13400 zone will also hold as a resistance, then we may see a potential inverted H&S pattern, where right shoulder is still missing.
Trade well!
If you like what we do, then please like and share the idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
DAX made nice and impulsive bounce from projected support after we noticed a three-wave A-B-C corrective decline, so it's turning back to a bullish mode, mainly because of recent break above trendline.
However, watch out for a temporary short-term pullback to fill that open GAP, which can actually retest that daily trendline with potential support around 12300 level. In fact, if current 13300/13400 zone will also hold as a resistance, then we may see a potential inverted H&S pattern, where right shoulder is still missing.
Trade well!
If you like what we do, then please like and share the idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
US Single STOCKS (FREE Access), FX, Crypto
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
US Single STOCKS (FREE Access), FX, Crypto
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.