Dax 30 with Stan Weinstein stage analysis (for Swing trading)
Hello ,
Please find below my thought about Dax 30 with Stan Weistein stage methodology.
the Stages or steps are not perfect but can be optimize by using volume or a smaller time frame (Hour).
In my point of view Stan Weinstein trend indicator is good for a swing trader because you need day or weekly time frame.
By the time i am writing this idea we are fully inside Step 2 which is regarding Stan Weinstein Book "secret for profiting in bull and bear Market " the advance phase.
The Phase 3 "the top area" is still not there and after doing some technical analysis this will not happend before the dax 30 touches 14200 points. A strong pull back has to be expected certainly in January when the compagny will sell there shares to take there profit in the aim to pay the shareholders, employees and other things.
Have a nice trading.
Book reference:
www.amazon.com/Stan-...arkets/dp/1556236832
Please find below my thought about Dax 30 with Stan Weistein stage methodology.
the Stages or steps are not perfect but can be optimize by using volume or a smaller time frame (Hour).
In my point of view Stan Weinstein trend indicator is good for a swing trader because you need day or weekly time frame.
By the time i am writing this idea we are fully inside Step 2 which is regarding Stan Weinstein Book "secret for profiting in bull and bear Market " the advance phase.
The Phase 3 "the top area" is still not there and after doing some technical analysis this will not happend before the dax 30 touches 14200 points. A strong pull back has to be expected certainly in January when the compagny will sell there shares to take there profit in the aim to pay the shareholders, employees and other things.
Have a nice trading.
Book reference:
www.amazon.com/Stan-...arkets/dp/1556236832