Looking at DAX I see some troubled times brewing. There is some major signs of a reversal, correction, or plain old drop. what ever you want to call it, the moment may be upon us. We are nearing support in a bullish trend and normally a continuation is what would be expected. However, There is huge long term divergence and wedge in the RVGI. This is a very strong signal. it also looks to be breaking below the support of the wedge as well as the 0 lever which happen to be meeting up. That is another great signal if it breaks.
Another BIG reversal signal is that a head and shoulders has formed on what appears to be the top. Chart patterns are some of the strongest and most reliable signals.
Each line represents a target for tp and entry on breaks. Keep in mind this is a weekly chart. So the idea is to seek short opportunities on the short term and avoid longs. a failure in the hns will invalidate this analysis for the moment but the divergence is strong and its hard to predict when the move will happen but its very likely to happen never the less.
Pending orders on short/mid and long term support breaks will be a great option. dont miss out! #itslikefreemoney
Another BIG reversal signal is that a head and shoulders has formed on what appears to be the top. Chart patterns are some of the strongest and most reliable signals.
Each line represents a target for tp and entry on breaks. Keep in mind this is a weekly chart. So the idea is to seek short opportunities on the short term and avoid longs. a failure in the hns will invalidate this analysis for the moment but the divergence is strong and its hard to predict when the move will happen but its very likely to happen never the less.
Pending orders on short/mid and long term support breaks will be a great option. dont miss out! #itslikefreemoney