{"id":128369,"date":"2018-06-13T06:35:23","date_gmt":"2018-06-13T10:35:23","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128369"},"modified":"2018-06-13T06:15:06","modified_gmt":"2018-06-13T10:15:06","slug":"dax30-is-bullish-after-the-diving-board-pattern","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/dax30-is-bullish-after-the-diving-board-pattern\/","title":{"rendered":"DAX30 is Bullish After the Diving Board Pattern"},"content":{"rendered":"
June 13, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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Source: Admiral Markets MT5<\/a> with MT5SE Add-on<\/a><\/p>\n

The Flat base and plunge downward are the main characteristics of the diving board pattern. The DAX30 dropped then spiked heavily reaching 12954. At this point, the retracement is underway. There are two POC zones. 12770-83 is the first POC, while 12716-42 is the POC2. We might see the bounce if the price touches the zone. For bulls, ideally, the price should stay above the Diving Board pattern trendline 12651. Targets are 12900, 12954 and 13000 at the break of W H4- 12968.<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>

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D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/p>\n

D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Follow Admiral Markets<\/a> on Facebook \u2013 @AdmiralMarkets<\/a> on Twitter \u2013 for the latest market updates.<\/p>\n

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks<\/a>.<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: DAX30 is Bullish After the Diving Board Pattern<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The Flat base and plunge downward are the main characteristics of the diving board pattern. The DAX30 dropped then spiked heavily reaching 12954. At this point, the retracement is underway. There are two POC zones. 12770-83 is the first POC, while 12716-42 is the POC2. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-128369","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=128369"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128369\/revisions"}],"predecessor-version":[{"id":128374,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128369\/revisions\/128374"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}