presenting my idea on Dax day and week
in week time frame DAX made an Inside Candle so that range becomes
imp. for this week and if not broken then for coming weeks
an 4Hr inside candle also formed
Inside candles of past can affect price movement in future
Dax index mostly shorting area at 13360, for now its best for long in short time . Intraday trader should go for long with their proper entry and exit and mostly with the money & risk management.
If Dax cross the zone below , head and shoulder pattern was also there after confirm these two signals we will expect some big fall in DAX apart from these technical analysis Russia cuts 40% of gas supply
The chart has broken the trend line after years of respecting it, and the price is above the EMA indicator, indicating that we are in a bullish trend. The chart has also broken a resistance zone, which has now become a support, and price movements have formed a cup and handle pattern, implying that we may see a trend reversal upwards in the coming months....
The chart is simple and self-explanatory. The stock has been following a trend since 2018. Even in times of pandemic, it refused to close below the trend line. Considering the fact, that the previous high will create a support to the price and also the price is in 0.382 Fibonacci support, there is a good chance to go long for a good reward to risk.
Happy Trading...
