We have a long Kumo breakout in the DAX 4 hours chart. This confirmes my bullish count. If true, the DAX should be able to surge significantly in the coming weeks.
If you don't know what this means, I will explain it to you. It means that the cloud is breached significantly, prices above the cloud are considered a buy signal.
As long as there will be no new low below supposed blue wave 2, I only see probable pathways up.
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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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. Please conduct your own due diligence, if you plan to copy anyones investment decisions.
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As a suggestion, put target prices like Haejin does.
Those help during the decision process.
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Thanks for the advice. The problem is I eyeball my targets. Wave 3 in equities is considered to be 1.618 the length of wave 1, so everybody can put the fib extension themselves if they want to.
Haejin has more experience and I don't specialise in targets, but in subcounts and pattern recognition. This is something I should focus my learning process on.
Forecasting the right direction is more important than actual targeting though ;-)
In this example my target is 13600. I will update this target after wave 4.
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Beware of Chikou span confirmation! Maybe wait a little bit for safer entry.
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Nice post I follow you but follow me and Upvote my posts please !
I'm student help me !
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This post has received a 1.63 % upvote from @boomerang thanks to: @ew-and-patterns
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