German DAX 30: Which three humps will it be? If you look at the past months, you can always see the three upward humps on the 3h chart of the DAX (look for the blue MA48 line on the chart): 1-3-5, 1-3-5, ... Well, I wonder which three humps will be in the next few weeks?
A bull flag is a continuation pattern idea, Pls consider your own risk.
DAX 30 Index bulls for the most part have been very resilient through September's massive global index pullback. With the creation of this wedge, we gotta anticipate a buy on the breakout!
DAX looks bearish to complete the correction, overall trend is UP, watch the 10,000 level
GERMAN INDEX IS ALL SET TO HALVE IN NEXT FEW DAYS GO SHORT ON DAX WITH A SL OF 12286 AND A TARGET OF 5926
Big German stocks looking for ABC correction: SAP VOW SIE LIN BAS BAYN is one of the big stocks that is not clear. We see a triangle pattern on daily chart. If this breaks bearish then we have a big red week for the Dax DE30 seems to reflect this trend next week we will be looking for ABC correction
Key points to consider: - HUGE daily engulfing after touching 61.8% Fibo - H2 MACD crossover - Hourly chart 3black crows Price looking for ABC correction
DAX is trading within a Rising Wedge on the 4H chart which started on March 23rd when the previous bottom was made. Despite the fact that today it broke the Higher Low trend line, the technical indicators are neutral (RSI = 45.750, MACD = 8.800, ADX = 19.431) as the Support Zone hasn't been broken yet (10,225 - 10,165) and the 4H MA50 is intact since March 24th....
So far so good and we are reaching our profit target. I am going to close my long positions and i am going to start shorting the market inside this range of 11.200 and 12.000. Actually i am going to look for entrance inside a little smaller range into the zone of 11.650-12.000. I am going to be keeping my short until the zone of 5000-6000. This is where...
the market is not yet bullish. maybe he will try to cover the gap of 11354 . but for the moment. I think there is still downward strength. to the point 6240
The German index is trading within a Channel Down on the 1H chart and at the moment the momentum is sideways (RSI = 54.078) within 9,950 and 9,300 (Lower High and Lower Low respectively). If the Channel Down breaks upwards, then we will target the 10,400 - 10,750 zone while if it breaks downwards we will target the 9,060 - 8,800 zone. ** If you like our free...
Due the coronavirus panic sells , I am scaping with a short .
EWG prediction. Im considering buying at $16, which I predict to be the low point
DAX is very much oversold. Friday price actions seems demand coming at second major VPOC at 11675, reversal is inevitable at-least to any mention levels on charts. i.e 12333 R1 - 12877 R2 - 13200 R3. Further price action at above mentioned levels will decide bears strength.
Shift Forward german yield curve ( as Larry Williams methods) and Dax index
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