Let's take a look at the dax
we were able to break through the 12437 zone without any problems without problems and formed a cup formation.
the only thing that bothers me is that we have not corrected this great run before. this is noticeable now. the Dax lacks the power to generate new highs. In addition, he has broken a distinctive trend line which has...
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DAX30 has been labeled within a Sub-Millennium degree wave 5 (blue), which has been unfolding ever since the 2009 bottom, when the Recession ceased.
Structure - Ending Diagonal
2009 lows and up until Apr 2015 peak - Grand Super-Cycle I (green)
Apr 2015 peak...
The DAX is back into the daily buy zone with the price already taking our Fridays high we could
anticipate a move higher. The weekly chart raises slight concerns as the candle close bearish
however the daily price action does suggest we could see another impulse. This may only be back into
the previous structure highs.
Updated View On German Stock Index (5 July 2019)
DAX is in a decent bullish move for now since the 3 June.
It had broken up as the strong resistant of 12,420 regions and now it has become strong support.
SO, as long as the index couldn't break down below 12300-12500, the market is still in the UP beat move.
DYODD, all the best and read the disclaimer too....
Pay attention to the updates section as I will be posting when I will be entering my trade.
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The analysis is made based on order flow using Volume Profile + EW.
**THIS POST IS PURELY FOR EDUCATIONAL PURPOSES AND MY TRADING DECISIONS ARE NOT TO BE TAKEN AS PERSONAL...
The DAX has also fallen into the key buy zone where we could see buyers
step back into the market with targets of the key resistance zone of 12830.00.
We will be looking for lower timeframe signs of buyers stepping back in here.
A double bottom pattern would be ideal in looking for a long opportunity.
Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone...
In this video update, we take a look at a potential swing trading opportunity on the 4hr timeframe.
The daily chart is forming higher highs and higher lows and we could expect the price to test the
previous swing highs and key resistance. Now price is back to our demand zone we are
looking for a HH, HC candle for a long entry.
By looking at the past two sessions, it is very clear that the waiting for FOMC does indeed affect the Dax. Yesterday’s session only had a range of 70 points and most of the time, we traded sideways, slightly to the downside. The session ended at the price 13 312.
Resistance: 12 433
Support: 12 281
Statistics for today
25 % gap close
I am staying bearish. Technicals might need a recalibration under current market conditions.
I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector.
Deutsche bank is not in the clear yet,...