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DAX Index
Long
Updated

dax 30

388
It seems that an abcd pattern is in development. If it so, we talk that wavw (4) has been formed and wave (5) will start soon.
Note
On a daily chart approach, daily close price must be above 12247. In other case, it will be wise to close long positions and stay out of the market, until will be more clear the direction of this index.
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Note
After completion ab=cd target (12372), the second target 12575 is in play.
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Note
SECOND TARGET IS IN PLAY
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Trade active
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Trade active
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Trade active
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Note
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Note
Consolidation.We still hold our long positions.
Note
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Trade active
go go goooo
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Note
Since we have extension on wave 3, waves 1 and 5 are almost equal.
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Trade closed: target reached
Thanks for following this idea
astairwaytoprofit
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Harmonic PatternsTrend AnalysisWave Analysis

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Harmonic PatternsTrend AnalysisWave Analysis
astairwaytoprofit
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Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.