DAX is breaking the bullish parallel channel. This trend formation has been building up more than 30 months. What does it mean?
We have already a confirmation from 3D chart. Now the market is fighting with EMA 200, but in my opinion we will break it too. RSI is bearish and MACD too.
There is a potential of pull-back to edge of channel, but in this point I expect the bearish move. DAX now seems bearish.
This is a short term trade, I expect we can reach bottom from 2018 at the value 11 700- 11 730. That will be our first target. The price could move on to big long term trendline (white) where I expect a bounce upwards. I think there will be a reaction at previous bottom upwards, but from midterm I guess we will test the white trendline.
Short term trade:
SELL ZONE: 12 050 - 11 900
TARGETS: 1. 11 760 - 11 700
2. along the blue area (white trendline) 11 300 - 11 200
SL: 12 160
If there is a pull-back sign, we will trade close manually and go back to the position at the edge of channel.
We have already a confirmation from 3D chart. Now the market is fighting with EMA 200, but in my opinion we will break it too. RSI is bearish and MACD too.
There is a potential of pull-back to edge of channel, but in this point I expect the bearish move. DAX now seems bearish.
This is a short term trade, I expect we can reach bottom from 2018 at the value 11 700- 11 730. That will be our first target. The price could move on to big long term trendline (white) where I expect a bounce upwards. I think there will be a reaction at previous bottom upwards, but from midterm I guess we will test the white trendline.
Short term trade:
SELL ZONE: 12 050 - 11 900
TARGETS: 1. 11 760 - 11 700
2. along the blue area (white trendline) 11 300 - 11 200
SL: 12 160
If there is a pull-back sign, we will trade close manually and go back to the position at the edge of channel.
Dagangan ditutup: hentian tercapai
Dagangan aktif
Feel free to short. We have bounce from green trendline and from black short term trendline. Targets are set higher.Dagangan ditutup: sasaran tercapai
1st target reached.Nota
We are on the way to reach 2nd Target with much more profit. At this trendline we could see big retrace
Dagangan ditutup: sasaran tercapai
Target 2 - 11 227 has been reached. Congratulate!
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.