Hello traders,
What is your idea about the DAX40 ? here is my opinion:
We had a very strong impulsive move up, followed by a clear and slow correction move.
After we found strong resistance on the fib-levels and had our indicators showing bullish signs we are waiting for the bullish break of structure to align with our indicators.
When the bullish structure break, we will also see the counter-trendline be broken, this means we are going to exchange strong bearish resistance for strong bullish support.
Expectations are, IF we break structure, and ONLY IF WE BREAK THESE structural levels, than we can make a MASSIVE move up.
So, conclusion, we are waiting for a bullish move to change from a bearish market structure to a bullish market structure.
And if this happens we will take our entry.
Kind regards,
Tim.
What is your idea about the DAX40 ? here is my opinion:
We had a very strong impulsive move up, followed by a clear and slow correction move.
After we found strong resistance on the fib-levels and had our indicators showing bullish signs we are waiting for the bullish break of structure to align with our indicators.
When the bullish structure break, we will also see the counter-trendline be broken, this means we are going to exchange strong bearish resistance for strong bullish support.
Expectations are, IF we break structure, and ONLY IF WE BREAK THESE structural levels, than we can make a MASSIVE move up.
So, conclusion, we are waiting for a bullish move to change from a bearish market structure to a bullish market structure.
And if this happens we will take our entry.
Kind regards,
Tim.