Join The Community

Search

Tuesday, 26 January 2016

DAX H4 and Daily Analysis









General overview for 26/01/2016:
The recent price movement on DAX looks corrective as many overlapping sub-waves are present on H4 time frame. The best labeling for the current structure is a form of a corrective (a)(b)(c) pattern that might be a part of the wave B. In that case there is still missing one more wave to the upside, wave C. The nearest target for this wave would be the gap zone between the levels of 10525 - 10689. Nevertheless, in case of any breakout higher the next target is at the level of previous wave A top  at 11432.

Support/Resistance:
9112 - WS2
9253 - Local Low
9547 - WS1
9685 - Weekly Pivot
10124 - WR1
10279 - WR2
10525 - 10689 - Gap
10718 - WR3

Trading recommendations:
Choppy trading conditions ahead, but daytraders should consider to open buy orders with SL
below the level of 9253 and TP at the level of 10525 min.

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organised
 by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Then click Dalej button and You are done!
Thank You Very Much! 
PS: Close AdBlock!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★







0 comments:

Post a Comment

Note: only a member of this blog may post a comment.

 
Don't Forget To Join US Our Community
×
Widget