Posted by SaharaCharts on 7th of Jan 2020 at 06:14 am
Do you mean a Br/Out of the lwr-line or the highs/?
There is uncertainty at the moment as there seems to be one more
wave hghr to fulfil the waves in the 'Wedge'. It could be that the
final wave 'truncated' therefore a close below the red-line follows
the loss of its Daily 5-50-MA's. And would follow up by taking out
its 50/EMA. (Dotted-green).
If so keep a tight stop perhaps on a close back above its
50/EMA or other 5/10/20/50 Daily/MA's EMA's as it could push on up
and make a new high re (Wkly line-chart Bull-Plot in-play) which
could negate the Bear 'wedge'...Otherwise a long from the 'Hammer'
with a stop below.
$DAX - Slipped its Daily/Green but
Posted by SaharaCharts on 7th of Jan 2020 at 04:31 am
$DAX -
Slipped its Daily/Green but recovered to it prior to the close...
Respecting the lwr-line of the Bear 'Wedge'...
hello, do you think it is
Posted by 2dragons on 7th of Jan 2020 at 05:40 am
hello,
do you think it is possible to take a position on DAX after the breakout ?
Do you mean a Br/Out
Posted by SaharaCharts on 7th of Jan 2020 at 06:14 am
Do you mean a Br/Out of the lwr-line or the highs/?
There is uncertainty at the moment as there seems to be one more wave hghr to fulfil the waves in the 'Wedge'. It could be that the final wave 'truncated' therefore a close below the red-line follows the loss of its Daily 5-50-MA's. And would follow up by taking out its 50/EMA. (Dotted-green).
If so keep a tight stop perhaps on a close back above its 50/EMA or other 5/10/20/50 Daily/MA's EMA's as it could push on up and make a new high re (Wkly line-chart Bull-Plot in-play) which could negate the Bear 'wedge'...Otherwise a long from the 'Hammer' with a stop below.
I was thinking by a
Posted by 2dragons on 7th of Jan 2020 at 08:09 am
I was thinking by a lwr-line B_out, but the incertainty is too high for me to open a postion that's why I submit my question. thanks.
Great dax charts
Posted by abdelkhalek1 on 7th of Jan 2020 at 05:03 am
Great dax charts
Cheers Abdel. Thought you'd like
Posted by SaharaCharts on 7th of Jan 2020 at 05:31 am
Cheers Abdel. Thought you'd like em.. ;-)