An attempt to anticipate the future movement of different markets over next 5 to 10 years. If we see the movement of 6 markets, we can have some insights.
Among the 6, Germany (DAX- purple) and India (NIFTY50 - red) look like being in the middle zone of the direction of movement since 1991.
Hong Kong (HSI - green ) came down gradually from around early 2018 to...
Hello traders, DAX in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count that has been done. The main waves 1 and 2 in this process of progress are over and now we are in wave 3.
It consists of 3 microwaves 1, 2, 3 and 4 and wave 5 is at the beginning of its...
The larger correction against 2009 lows is proposed complete at 8249 on 3/16/2020 where the daily and 4 hour are turning up. The 1 hour is turning down against 13462 to correct the cycle from the March wave ((2)) lows. While it shows it will remain above there the index can can see new highs toward 14000 in the cycle up from the March lows.
SELL DAX...
The 4 hour is turning up against the 3/16/2020 lows at 8263. The 1-hour right side is up against 12544. While above there, more importantly the 6/15/20 lows the index can can see new highs in the cycle up from the March lows.
Sell Dax30
@13025-13060
TP: 12820
SL: 13150
Good luck !
Technical Analysis-The 4 hour is turning up against 3/16/2020 low as the Daily correction has ended. 1 hour is turning up. However, while near-term bounces fail below 10988 high expect index to extend lower for few more lows before it finished correcting the cycle from 3/16/2020 low as a zigzag structure & resume the upside.
Sell GER30
@10340-360
TP: 10090
Sl:...
Keep the eyes open for MACD divergence as previous head and left shoulder signal. Once we have a decent bearish candle on the resistance level of the previous shoulder we go short €€€
The 4 hour right side is up against 12883 low from 12/10/2019. The hourly right side is up while above 12942. While above there expect the index to extend higher toward the 14000-14250 area in the daily wave ((3)) before it corrects the cycle from the 8/15/19 lows.
