DAX update 12.08.2017

The DAX made an obvious 5 wave move down, hitting exactly the 200 dma in the XETRA DAX chart.

This is why I highly favor a 3 wave move up next. I already opened a small long position on friday evening. It could look something like this:
DAX updateee.png

If I am correct about this, the DAX should not be able to reach 11750 for now. If I see an upmove and a following correction, I will buy some more long positions. Can't wait for monday 😎

This were some of my early short positions that I closed on friday in profit 🔥♥️.

.DE30CashH1.png

If you think this to be useful information:

image (5).png

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 :-)

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randowhale (67) · 7 years ago

This post received a 4.3% upvote from @randowhale thanks to @ew-and-patterns! For more information, click here!

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1 vote

sowellsvt (41) · 7 years ago

Nice work. Followed and upvoted! I do crypto content myself including giveaways.

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flpmorera (27) · 7 years ago

Muy buen análisis, espero que los míos se vean igual de bien con el tiempo, seguiré de cerca tus publicaciones para mejorar mi análisis :-)

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2 votes

melowd (3) · 7 years ago

This post has received a 100% upvote from @melowd. Thank You for sharing @ew-and-patterns. For more information about the service, click here!

dang007 (61) · 7 years ago (edited)

There are 2 cats that i know of, sadden and kitty knock down, it is a bot that will un vote u.

namct (47) · 7 years ago

nice post