DAX update 27.10.17 - obvious channels

in dax •  7 years ago  (edited)

Sometimes trading can be ridiculously easy, if you have the ability to be patient. Being patient enough is almost impossible for most people.

So learn to be patient, if you want to grow as a trader. Set stops and targets and then just wait for the market to decide.

I called this bullish DAX scenario a month ago:

chart-27102017-1755-DAX.png
chart-01102017-1402-DAX.png

There are two obvious channels going on and on and on. The blue one has been confirmed 9 times by the price levels reacting at this channel (trendlines) and the red one has been confirmed 5 times.

I expect 13340 as a short term top for this movement.

image (5).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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Great analysis. Shared with my followers :-)

Nice analysis, will be following for more keep up the good work

good post

good post

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