Dax - Daily analysis and Discussion

Quoting mag00

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{quote} Hello everybody ... Ger30Dec (m30) I think ... we are within b5 wave (end its 4th one, start its 5th one) the 5th wave is usually propulsive but ... it could be stopped in its triple (1^,3co^, 5^) internal propulsivity by the ... market itself (activating, at the end, the wave a(c)) P.S. in practice, the top of the 5th wave should be equal to the height of the join segment (minimum1 and minimum3) positioned at the beginning of 4th wave ... If so, the market would go well beyond the levels that can allow for the C wave correction (inside...

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Quoting Wachturm

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After 10 hours watching the DAX .... {image}

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Quoting cat

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{quote} haha!! I've spent the same amount of time feeding bits of steel into a machine and watching white lines disappear beneath the bonnet of my van. I chose candlesticks!

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Quoting Jupiter

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Amongst signatures and profiles of the members of this thread there are – I think - three “pearls”, three shining “gems”: - cat: “Go in, punch hard, get out “ (The correct attitude for the ones who love the “Battle” metaphor...) - ZenNy: “thereisalwaysarangeintoatrendandatrendintoarange” (Yes, how true: it's the first tenet of my Trading “Religion”) - Wachturm : the reference to The Kybalion (Yes, that is all you need to stay “in the market with the market”) Of course the choices we made in writing our profiles reveal much about our trading mindset....

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Quoting mag00

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{quote} Hello everybody ... Ger30Dec (m15) inside a 3co ( a composed wave) ... ... belonging to the 5th one (b5's) ... ABC = a(a)+b(a)+c(a)+b1+b2+b3co+b4+b5+a(c)+b(c)+c(c) P.S. I think it comes to the base ... ...to touch the relative maximum and again ... ... back to the base for the last (5th one): its maximum relative and the starting of a(c) wave {image}

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Quoting cat

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Morning Daxers, The pressure, I think, is to the down side this morning, but she can punch both ways between S&R for sure. Support atm seems to be the 30m 100sma ( in danger of breaking as I type ) and the H1 100sma which held yesterday. This is currently @ 543. R on the upside has just been the 50% fib plotted from yesterday's high to the low, and I've put the 61.8% and the 76.4% above that, with the 76.4% just below 600, and I don't expect that to break today but you never know. No fibs on the south side yet, but I've drawn a couple of trend lines,...

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Quoting Jupiter

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We are inside the yesterday's open range. So focus on the extremes. Now they are testing the H1 uptrend. They are Testing Support. First level of interest: sma50 H1 544.65. (550-540 area) There is an inverted 3 Buddha on m1 there!

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Quoting Wachturm

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I wouldn´t be surprised if we keep trading inside that range until next month... 12570 / 12470 watching and waiting... ( G/J is great atm) {image}

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Quoting mattkirby

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{quote} Hi Jupiter, one question...

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