Support Broken, next Support 8000 #DAX #GER30
The 4 hour right side is up against 12883 low from 12/10/2019. The hourly right side is up while above 12942. While above there expect the index to extend higher toward the 14000-14250 area in the daily wave ((3)) before it corrects the cycle from the 8/15/19 lows.
GER 30 Weekly Trade Setup
TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Global Markets Like Europe Germany France has started Falling. Indian Market already falling since a month. So do not Buy Stocks or...
if by any chance today's candle close comes in red or doji , we can expect bear divergence on daily TF & coming week of blood bath , but all depends on todays closing .
Just framing it here for future reference.
Dax broke it neckline way before the correction started in US markets. After a drop now it is retesting the neckline. We can expect a correction from here again, BREXIT may be the trigger.
Please keep tight stop loss. If it is gone, then it is gone. Lol.
It shot up due to Powell comment which is just an outlook. So expecting a retracement first before it goes anywhere else.
Trend line support, Bullish divergence, @ support,