German DAX has been consolidating in a range for a while now and today it is breaking below the key level where it was bouncing from. This is on the back of the jobs data from the US but it had been pretty weak even before that. We are looking at the target of 15,000 in the index.
Current level can be a short entry point will a small position size. But 14600 looks to be a better zone as 14800 is the nearby resistance.
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 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 !
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 €€€
Short due to formation of a Descending Triangle . Will hit 3 different support levels. best to wait and watch and place a trade after prices follow the trend predictions