Making its way towards weekly Bat completion

19 de fev. de 2017

The False Breakout that the DAX made few weeks ago when he declined below a daily uptrend line and immediately climbed back above signaled the bulls to come back...
Last week we saw the bulls pushing the price back up from the Fast MA line - The bullish trend is still strong.

The price is about 2% away from the completion of a weekly Bat pattern near the psychological level -12,000.

Only a close below 11,500 will violate this short term bullish scenario.

I'm waiting for the DAX near 12,000... will be interesting

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21 de fev. de 2017

Nota

Price reached target zone - The PRZ is active.
Time to look for reversal patterns on daily/weekly charts

24 de fev. de 2017

Nota

Perfect reversal

1 de mar. de 2017

Nota

Re-testing 12,000.
I guess they will take stop losses above 12,000 (too easy)... but this zone remain in focus as longer term reversal zone

5 de mar. de 2017

Nota

The PRZ in play, also top of a trading channel and RSI divergence.
Is it the top?
See picture below.
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14 de mar. de 2017

Nota

12,000 being tested again before FOMC - Critical week for DAX and stocks.

27 de mar. de 2017

Nota

DAX continues to react to PRZ - Setup still in play