Main items we can see on the chart: a) The price is on a bullish trend since March b) Currently, we can see a corrective structure supported on a major zone c) We had a breakout of the structure and we expect a continuation of the bullish movement d) The target we will be aiming for is the next Resistance zone (Historical Higher Highs)
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Here's an interesting stock index comparison. Notable NASDAQ is the out-performer amongst this group of indices. On Friday the NASDAQ printed it's all time record highs closing the day at 10,836. Last week this index smashed through the 10,000 handle completely disregarding it for any level of psychological resistance. Meanwhile the COVID19 reported another...
Main items we can see on the chart: a) The price is inside an ascending channel b) We can see a vast symmetrical triangle broken c) Currently, we have a corrective structure above the triangle pattern (yellow lines) d) If the structure is broken with a bullish movement, we expect a continuation of it towards the next Resistance Zone
After Pullback Confirmation can SHORT ion downside. ThanKYoU
TREND BASE EXTENTION (projection) WORK EXCLENT ON DAX 30MIN main level=61-100-161% www.tradingview.com
Looking for continuation on DEU30 clear trendline that is being held Fibonacci spiral is used just to show the trend line
still main trend is + and dax can see 13000
on dax never never trade against main trend (when dax is above EMA200 daily) so put buylimit , place = 1on gap 1on daily ema200 (and buystop on that zigzag high) for find target use TREND BASE FIBO EXTENTION(in metatrader =fibo expantion) drow it on last N shape (i draw it on time30min) main level=61-100-161% tradingview.com/chart/jtsoM2GC/
AC (accelerator occilator)is dax no1 indicator , for zigzag market like dax you must use it , you need AC ,,,when it is green in h4,only look for buy,buystop dont judje it soon , min 1 mounth work with it in 30-240 min on fdax to find its secret
put sell stop below 15min low ,2 buylimit on EMA200 daily and black trend , sl=40 my desktop= www.tradingview.com Note=for use fdax no delay,in symbol box write GER30 then press inter
main trend on dax is very very important ,,,, it will down (fill open gap) then will go up , dax have power to see 14500!!!!!!
ACCELATOR OCCILATOR 240min and 30 min give sell now ,,,,dax want go down touch that trend line and back to fill 13000 gap so put buylimit on below trend line and hold it to up, 13000
after 13 year of trade(daily 12hour) and test 100.000 indicator , Accelerator oscillator(stochastic movement)is most important indicator my main stratgy =use it on 30min and 240 min when AC 240min is green ,only look for buy, when AC 30 min in down full red, turn green ,put buystop on 15min last high (or current candel high) sl=last N shape low...
BUY DAX,DOW,SP500 , HOLD IT TO UP RECORD , DONT CLOSE WITH LITTLE PROFIT
sell before EMA200 daily and buylimit place
Indices sold off nicely after FOMC yesterday, now looking potential to buy the dip as small time frame shows inverse H&S (see in comments) Or if the support breaks we target 12000. Please support the idea and share your thoughts on DAX! Good Luck!