Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Germany Stock Market Index DAX may be creating a Head and Shoulder pattern at the top. In order to break out and become bullish the Index has to strongly close above the Red line which it has been following for past months.
A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term.
Watch out for the contagion effect on our...
DAX is made head and shoulder pattern near Fibonacci level..
which is a very bearish sign.
Germany is very strong economy in Eeurope.
now if Germany market is collapsed then we can think about Europe
This chart looks at the DAX index from Germany.
It may be creating a Bearish Head&Shoulder topping pattern at at 13500.
2 day consecutive closing below the neckline of 11950 should be a confirmation.
We must wait and see.
Ger30 is falling badly.
Turkey doubled the tariff on some US imports as a retaliation so we are expecting Trump to trump.
Also, China filed complained in World Trade Organization on the tariff imposed.
Technically, if this pattern is validated with the continuation of red, it will be a deadly one!
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
It has been over four months since we last wrote about the German DAX 30. The blue chip index was trading around 12 700 following a sharp selloff from as high as 13 602
Among the Major European indices-DAX is an important one -seems to put a top @11890's & why we should be careful- as I always kept telling Jan-Feb2017-be careful. Do not get trapped in Euphoria otherwise you will be hit hard & do not close your eyes to the real picture.
DAX - an ABC structure almost done & expected in last update - "The Last Bulls Capsule from...
DAX- Since Feb2016 lows@8699 is a complicated move ABC on a larger degree& when this gets over- we reach back to bottom@8699-obviously -it will never fall straight-as we all know that financial instruments never move in a straight line.
So, its a nested structure till the time 11400 is intact downside. Any pullback on account of Mr. Trump's joining office 20th...
As expected the push in ii- wave- the bounce from the zone 10180-10212 was rock solid, but small issue as my key level@10730 has been broken on top so likely I will wait for the market to show me its direction further- which I will be searching on the downside.
So, Let us wait for further clues from the market.
(L-S)- Long First & Short Later
The fall of 10730 was impulsive & almost came close to prior swing low@10190. Recent Low was 10212- Likely looking for a push upside on account of U.S. Elections -which could be short lived, so if DAX fails to cross 10730 or go close to that end- looking at all possibilities, we should avoid taking any long positions in the zone...
