DAX Cash Index forum
DE40 Starts to look as a typical bear flag, 4H and 1H. Although the EW theory says a B should retrace about 61.8% of A at minimum, the DAX never really cared much for those rules. A run for that 61.8% (20200) is still possible, but the chance it will happen gets slimmer as we go.
GER40 19727 is where I will close my short tradeI hade done more than enough already but will keep my gold and Brent Crude oil trade though
GER40 19800 confirmedGER40 when the knowledge and confidence meet, no whalers can manipulate anyone!GER40 if the current 4h candle closes under the close of the previous candle will confirm the huge bearish waveGER40 19959.5 and 20010 are the real tests for Dax, rather than that, not more than filling the upper wick of the huge 8h red spinning top candle which even appeared after a huge red doji one!!! You should consider what I said to not let the current green candles shine on chart to you 😉
DE40 Hi guys. Exciting hey? The price has broken my H4 downtrend and it going sideways. Its still in my Wave B of EW and if anything I'm expecting it to go up to 20200. I feel we have some time to wait.
DE40 moustafa_marei And what do you say will happen when that "inverted cup and handle" is finished?GER40 hey, what are they doing now?Giving the feeling it is bullish? Correct!
Fast recoveries and so!
Have a look on the 4h frame, notice the big inverted cup and handle pattern which is still forming the handle of it!
That will need patience as it is at the 4h frame btw
Have a look on my idea for Dax
DE40 Last setup for this year on DAX.Good luck!