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
