Mean Reverting versus Non–Mean Reverting Approaches
The type of technical studies employed also depends on the approach taken by
traders and analysts with respect to their personal preferences and biases regarding
the action of price in the markets. Basically, traders either adopt a contrarian
or a momentum‐seeking type approach. Being more contrarian in their...
DAX
Monthly chart
Showing a breakout
Expect rise towards 2.618% retracement levels
of 17625.
2.618% retracement is of the fall from 8095 to 2206.
The breakout effect continues towards 100% (13985)
The same is crossed.
Sell 36500CE + Buy 36800CE
The gap is filled. Expecting retracement and consolidation.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You...
Om Namah Shivay
DAX index has different and complex structure from the recent past bottom.
It looks the upside movement is pending. The recent movement suggests that it is a impulse starting. A minor impulse wave starting where 1,2 are being made.
The analysis has chance of being invalidated incase there is still sideway movement left.
Om Namah Shivay
Analysis is given on the charts.
Nothing is 100% in this market and all we have to do is to look at the charts and give out out views.
Comment if you have any doubt.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of...
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