themarketzone

Making its way towards weekly Bat completion

themarketzone Telah dikemas kini   
FX:GER30   Indeks DAX
The False Breakout that the DAX made few weeks ago when he declined below a daily uptrend line and immediately climbed back above signaled the bulls to come back...
Last week we saw the bulls pushing the price back up from the Fast MA line - The bullish trend is still strong.

The price is about 2% away from the completion of a weekly Bat pattern near the psychological level -12,000.

Only a close below 11,500 will violate this short term bullish scenario.

I'm waiting for the DAX near 12,000... will be interesting

Read more of my ideas in the weekly newsletter - link in signature
Komen:
Price reached target zone - The PRZ is active.
Time to look for reversal patterns on daily/weekly charts
Komen:
Perfect reversal
Komen:
Re-testing 12,000.
I guess they will take stop losses above 12,000 (too easy)... but this zone remain in focus as longer term reversal zone
Komen:
The PRZ in play, also top of a trading channel and RSI divergence.
Is it the top?
See picture below.
Read the new analysis in this week's newsletter (link in signature)
Komen:
12,000 being tested again before FOMC - Critical week for DAX and stocks.
Komen:
DAX continues to react to PRZ - Setup still in play

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.