DAX update 24.08.17
Today it is pretty clear, that the DAX is heading for previous supports.
There are 3 strong supportlevels in range for the DAX:
As you can see the DAX hit the upper edge of the 4 hours cloud perfectly, then bounced back from it and started a new move down. And if my count is correct, the DAX should not be able to reach 12020 with this move down.
This is why I have 3 buy orders waiting one Point above those buy levels. So I have changed my outlook from bearish to bullish for next week. This is of course, if the 12020 level will not be breached until friday evening 22 pm german time. 12019 is my stoploss for everything. Take profit is @ 12499. The risk reward ratio is great for theese trades ;-)
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If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way i see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)
Juicy contents , most of the time flat cloud attract the price let see where it moves, thanks for your analysis
nice spot.
gave you a bigger boost - for the warm regards
BINGO look at the DAX. Already 110P in profit ;-)
Thanks a lot for this very valuable information, I am following you and hopefully more successful. Best regards steemit!
yes
@ew-and-patterns got you a $1.66 @minnowbooster upgoat, nice! (Image: pixabay.com)
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Upvoted
Thanks for upvote my post. Now I am following you and I have upvoted this interesting post of you. When you upvote another of my posts, please leave a comment (like I am doing here) and I will upvote it ok? :)