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DAX

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9,794.06 +40.50    (+0.42%)
15:35:10 GMT - Closed. Currency in EUR ( Disclaimer )
Type: Index
Market: Germany
# Components: 30

  • Prev. Close: 9,794.06
  • Open: 9,751.30
  • Day's Range: 9,674.68 - 9,810.47
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DAX 9,794.06 ++40.50 (++0.42%)
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DAX Candlestick Patterns

Recognized Bullish Chart Patterns
Bullish Engulfing Timeframe: Hourly
Reliability: Moderate
A reversal pattern.
During a downtrend, the Bullish Engulfing depicts an opening at a new low and closes at or above the previous candle’s open. This signifies that the downtrend has lost momentum and the bulls may be gaining strength. Factors increasing the pattern's effectiveness are:
1) The first candlestick has a small real body and the second has a large real body.
2) Pattern appears after protracted or very fast move.
3) Heavy volume on second real body.
4) The second candlestick engulfs more than one real body.
Recognized Bearish Chart Patterns
Hanging Man Timeframe: Daily
Reliability: Low
A reversal pattern.
During an uptrend, there is a sharp sell off after a gap to the upside. However, the candlestick closes at or near its high. This signifies the potential for further sell-offs. Since the certainty for a Hanging Man indicator is low, the trend reversal can be confirmed by a black candlestick or a large down gap on the next candlestick accompanied by a lower close.
Unrecognized Patterns
Bearish Patterns
Abandoned Baby Bearish
Advance Block Bearish
Belt Hold Bearish
Break Away Bearish
Dark Cloud Cover
Deliberation Bearish
Counter Attack
Doji Star Bearish
Engulfing Bearish
Evening Doji Star
Evening Star
Bearish Inverted Hammer
Dragonfly Bearish
Harami Bearish
Harami Cross Bearish
Identical Three Black Crows
Kicking Bearish
Meeting Lines Bearish
Shooting Star
Gravestone Doji
Three Inside Down
Three Outside Down
Tri-Star Bearish
Two Crows
Upside Gap Two Crows
Downside Gap Three Methods
Downside Tasuki Gap
Falling Three Methods
In Neck Bearish
On Neck Bearish
Separating Lines
Side by Side White Lines Bearish
Three Black Crows
Three Line Strike
Thrusting Bearish
Bullish Patterns
Abandoned Baby Bullish
Belt Hold Bullish
Break Away Bullish
Concealing Baby Swallow
Bullish doji Star
Bullish Hammer
Dragonfly Doji
Harami Bullish
Harami Cross
Homing Pigeon
Inverted Hammer
Meeting Lines bullish
Morning Doji Star
Morning Star
Piercing Line
Stick Sandwich
Three Inside Up
Three Outside Up
Three Stars in the South
Tri-Star Bullish
Three River Bottom
Mat Hold Bullish
Rising Three Methods
Separating Lines Bullish
Side by Side White Lines
Three White Soldiers
Upside Gap Three Methods
Three Line Strike
Upside Tasuki Gap Bullish
Ladder Bottom Bullish
 

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Bearish
47%

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Latest DAX Comments

Scott Dorman
Scott Dorman Jul 24, 2014 12:43PM GMT
One of forum readers has just sent me an email. Kealan Looby is the person in question. He has went to a lot of trouble and put the River Trading System online. I want to publicly thank him for that. I didnt ask him to do it but he has. As I said earlier I am just so amazed with the interest that has been shown in the system. 487 email requests I received for it. Anyway if you click on my name you will see that I have edited my profile and there is now a link to it. The work Kealan has put even has a chart that he has put up for those who want to see what the system looks like on a screen. Again thank you very much for taking the time to do this. Amazing stuff
Juan Cortina
Juan Cortina Jul 24, 2014 12:55PM GMT
I just checked the website. Awesome job Kealan! Thanks a lot both
heart hacker
heart hacker Jul 24, 2014 01:05PM GMT
Great effort guys keep up the good work
Shan Best
Shan Best Jul 24, 2014 01:57PM GMT
Brilliant Kealan! Thank you to you both.
Daniel Adrian
Daniel Adrian Jul 24, 2014 03:32PM GMT
Thank you so much Scott.. You know why.. (Y)
kk may
kk may Jul 24, 2014 07:33PM GMT
EXCELLENT WORK. THANKS SCOTT AND KEALAN

Marcel Ba
Marcel Ba Jul 24, 2014 12:23PM GMT
to scott dorman: Is this correct? the 9792 is a sell signal?
Scott Dorman
Scott Dorman Jul 24, 2014 12:34PM GMT
Its a bit early. We will need to see where the next 4 hour candle finishes before taking a short. You want to have a reversal candlestick confirmed first.
Neal  Dixon
Neal Dixon Jul 24, 2014 01:08PM GMT
sorry to ask, when does the 4 hour candle finishes before we can confirm taking a short?
Scott Dorman
Scott Dorman Jul 24, 2014 01:21PM GMT
It depends on the provider you trade with. Different ones have different time frames. That doesnt interfere with the trading system however. It just means some traders will take a trade one time because it meets the rules whilst others will miss it. Then on another occasion the situation will be reversed. It all evens out in the end. My 4 hour candlestick finishes in 1 hour and 40 mins.
Marcel Ba
Marcel Ba Jul 24, 2014 02:09PM GMT
I was right, or was it a coincidence
Scott Dorman
Scott Dorman Jul 24, 2014 02:14PM GMT
You were right. It just didnt fit the trading system
Show more replies (3)

Neal  Dixon
Neal Dixon Jul 24, 2014 10:25AM GMT
Frustrating watching if it will break 9800
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