GER30 trade ideas
DAX Corrective Elliot Wave looks to be StartedDISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
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Just for educational Purpose
German Market Breakout Possibility - Cup and Handle PatternToday's German market closing and Tomorrow's German market breaking today's high will declare supreme bullishness for the rest of the week.
Its a very important pivot day today.
My personal view it - It will not sustain the breakout and will end up in consolidation ahead of Monthy expiry. I do not see extreme downside too.
Ger30 (DAX) Trade SetupTechnical Analysis-The 4 hour is turning up against 3/16/2020 low as the Daily correction has ended. 1 hour is turning up. However, while near-term bounces fail below 10988 high expect index to extend lower for few more lows before it finished correcting the cycle from 3/16/2020 low as a zigzag structure & resume the upside.
Sell GER30
@10340-360
TP: 10090
Sl: 10420
Good luck !
GER30 Weekly forecast (13-17th April )The weekly right side is up against 3588, the daily & 4 hour are turning down against the 2/17/20 highs. While above 9338 the index can see the 11234-11680 area. While below the 2/17/20 highs the index can see another swing lower to correct the cycle from the 2009 lows.