As per previous chart history and my personal calculations, GER40's next move depends on the first support line @14966.6. RSI is crossed 70 and now it will retest following supports:
Sell Stop Below 14966.6
TP1 @14827.8
TP2 @14634.6
TP3 @14446.2
if crosses downward the 14966.6 then only this analysis is valid.
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
Previous support level now act as a resistance level and market retest completed and confirmation of shooting star candle formed, it's right time for selling
As we can see there's a trend reversal in market and BULLISH movent in the market , it 's a good oppourtunity for LONG / BUY , everything is mentioned in the above pic in details.
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.
In counting this index, we counted the main 1 and 2 waves, and from the 3 main waves that we have in mind; Microwaves 1, 2, 3, and 4 are formed, and now we are inside wave 5 of wave 3.
The ratio of microwave 5 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.
In counting this index, we counted the main 1 and 2 waves, and from the 3 main waves that we have in mind; Microwaves 1, 2, 3, and 4 are formed, and now we are inside wave 5 of wave 3.
The ratio of microwave 5 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...
GER30 is nearing to its all time high 16177 and then sellers might push it all the way till 15600 as described in the idea 16595 and 16990 possible targets can be achieved by nextyr march 2022
DAX is moving forward and its more likely will head towards 19100+ before any Major Corrections
if you are in it then all you need is to trail the stop to cost and Let the trade run
Good luck
