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Forecast and levels for Dax Index - page 4

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Sergey Golubev
Moderator
99643
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.09.18 16:50

DAX Index - All-Time Intraday Highs (based on the article)

H4 price broke Ichimoku cloud to above for the bullish reversal breakout: the price is testing 12,616 resistance level for the bullish breakout to be continuing.


  • "The Deutsche Boerse DAX Index (12,518.81 on Sept. 15) has a positive weekly chart with the average above its five-week modified moving average of 12,307.44. The 12x3x3 weekly slow stochastic reading rose to 31.14 last week, up from 24.66 on Sept. 8."
  • "Investment Strategy: Buy weakness to my quarterly value level of 11,055.97. Reduce holdings on strength to my monthly and annual pivots of 12,805.76 and 12,844.29, respectively."

Sergey Golubev
Moderator
99643
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.10.20 12:58

DAX Index - daily bullish ranging within narrow s/r levels (based on the article)

Daily price is located above Ichimoku cloud for the ranging within the following narrow support/resistance levels:

  • 13,088 resistance located in the bullish trend to be resumed, and
  • 12,900 support level located in the beginning of the secondary correction to be started.

The price on the weekly chart is on testing with 13,030 resistance to above for thebullish trend to be continuing.


  • "Yesterday, the DAX traded higher but found sellers and reversed. It wasn’t a ‘nasty’ reversal-day but the intra-day range of about 90 handles was the largest since the last trading day of September. It’s been a difficult little stretch indeed, with minimal volatility. That could be about to change."
  • "The mini surge higher and reversal out of the high-level consolidation formation is the kind of price action we were looking for as a sign-post a pullback may be in store. A drop below the consolidation low at 12909 will undermine not only the congestion pattern but also put the index back below the record high recorded in June. In this case it is reasonable to expect at the least we see a move towards the swing-high from July beneath 12700. Even if the DAX is to trade to new heights the market is in need of a pullback."
  • "Next week, the ECB meets on Thursday and we’ll learn more about the path Draghi and company want to take with regard to its QE program."
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The chart was made on Metatrader 5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

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