Trading news

DEUTSCHE BOERSE – prognosis via Dow theory

Weekly chart:

In the big picture we have a young uptrend, with a correction zone between €80.69 and €70.81. The lower limit of this correction zone has already been tested several times, but it was able to provide enough support each time. At the moment we can observe efforts to pick up the upwards trend once more.

Chart1

Daily chart:

In the daily chart we can also see a young uptrend with a correction zone between €77.59 and €73.67. The last correction led the price into this zone and is now offering possibilities to speculate on a continuation of the trend. The stop should be located beneath the green correction zone.

Chart2

Hourly chart:

Last but not least, we can also see a nice uptrend in the hourly chart, with a correction zone between €77.59 and €73.67. The DowHow setup is showing the green arrows in the chart, which indicates our desired signal. A long trade would be available here; the stop should be placed beneath the green correction zone.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Trader asset management

BORN STAHLBERG & Partner

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Friday, 26 Feb, 2016 / 10:33

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Source : http://www.tradeescort.com

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