DAX at it again -: About to surge... eyeing : 10298
ECB is in wait and see mode for now which means equity markets in Europe need to rise without further stimulus expected in the near term. If macro data will outperform the brake above 10500 points in GER30 is possible, even though weekly price action is bearish.
DAX On the rise and only EU crisis can stop Mr. DAX - other than that? DAX will soar so much more that the investors wont believe what they see:)
we might see the ear formation again. Maybe Price is hitting his lower ear. Beware if Yellen and Draghi have some more sweets than our dog pattern might jump and we hit the upper band of his ear.
Incredible Yen hits 17-month high vs US dollar German Bond yield falls to a one-year low I noticed sharp rebound in European stocks, suggesting a pent-up appetite for an enormous risk. Europe's main indices fell as much as 1 percent, Japan's yen rose to a 17-month high against the dollar and Germany's 10-year bond yield hit a one-year low. The dollar's fall...
Nice harmonical move on the german dax. The potential buying zone lines up at 9500 even handle. Watch on lower timeframes for entries. Stops should be below recent OR (below 9400's). Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
RED line = ECB days SPIKE Others are fridays and yesterdays triangles..
Hello Family, DAX has gained even more traction as the buyers kept pilling up and USD creeping up - I see USD shooting to the height of 114.750 within few hours today or by tomorrow the latest. Dax seems to be in a good shape and might hit my second TP @10090 :) finger crossed - but I I recommend a quick TP @ 10027 as well if you will... Notes: pay attention...
I do not know what will eventually happen,But until then, staying the OODA Loop I've tried to take pulse of the chart. The bullish intentions have been made clear. Lets see which setups plays out eventually. Would have been stronger if this close was above the large red candle on left. (off by some 40pips) Hence this keeps the options of deep retrace very...
I just realized i had posted this chart as private 2days ago. Wish they have a convert function. :) Hey ho.. here is the progress since then. Still valid. ----- We don't fully know which of the fundamentals news would be used to drive this up and then down. However, IF there happens to be such news events, this could be a set of potential price action movement...
After my initial post yesterday we now see a nice pullback into broken structure. I therefore expect the market to turn in the outlined kill zone. Overall a nice risk/reward. Good look.
While coming in our kill-zone the DAX touched twice the recent 38,2 % Fibonacci Retracment. It is likely to test the lows at around 8850's. (lowest close). This is just the overall expectation. Now it's our job to find nice risk/reward short entries. Good luck! Felix
IMO that RED line should hold for another attempt to penetrate the GREEN channel. Its a minimum requirement for ongoing bullish trend and for penetration.