German
German DAX May Experience Some Weakness In Weakness To ComeOn the daily chart of German DAX we are observing a nice higher degree impulse in motion, with price particularly trading at the end of blue wave 3 of three. If that is the case, then red sub-wave 5) may experience some resistance in days ahead and may expect price to fall into a corrective reversal within the upcoming blue wave four. If that were the case, then the DAX may be in for a slow and choppy ride within the upcoming weeks.
RISING WEDGE NEAR 2 YEARS HIGH ON GERMAN DAXThe German DAX slowly ascends the rising wedge which typically results in a downward breakout. We also see loss of momentum on the RSI. (Bearish Divergence) This could lead to a pullback before we may see a retest of April 2015 Highs.
Trade your plan
KION uptrend continuation above previous highThe Kion Group has good fundamentals and a solid longterm uptrend.
As in the past, it could breakout after breaking the last high.
We use a stop-order at 59 and a stoploss at 58.
DAX Price Action System - LONGDAX Price Action System - LONG @11.846,92 - Stop Loss 11.734,37 - Close SL / 17:30 Uhr
DAX Price Action System - LONGDAX Price Action System - LONG @ 11.860,8 - Stop Loss 11.748,1 - Close SL / 17:35 Uhr
