as predict before dax touch fibo 61%( dax love it too much) in coming days dax must go down and fill this open gap advice = sell dax near fibo 61% with sl = high or 40 point with tp near 15588 and buylimit above gap (with sl=40 or support) check cash xetra dax chart XETR:DAX
Possible bullish push here to test resistance again. 2-3 day position See chart for TP and SL All the indicators on this chart are free to use "Built-in"
I have a theory on Bitcoin. I noticed that a good amount of marijuana stocks turned Bullish right around the time that Bitcoin turned Bearish in beginning of 2018 My guess is that the market movers were taking their gains and then pumping it more with mj stocks So this setup will be interesting to follow. Because Bitcoin is nearing a potential Bear market Will...
What's interesting is IWM looks bullish, while SPY appears bearish to me in the short term. They never make it easy, and with big numbers coming out (GDP, Jobless Claims, Oil/NG inventories, etc.) tomorrow we could see a pop then a drop. Bearish divergence leads me to be bias towards 456 zone in the next 1-5 trading days similar to May 4/5 price action. I'm...
Long one @ 2942.53 today. Price has crossed the red line upwards, while taking out the 2925 fractal (which is valid as it is above the 2919 red line). AO is below the zero line, which shows good energy build up for a possible upward move. Stop loss will be a close below the red line, so risk is limited. Adding 5 if price takes out the 3019 fractal, or any other...
Ok the chart pretty much speaks for it self. I know there are those who believe that ECB will hike in sep-22 but sorry, that simply wont happen. Just because a Seagull can fly doesn't mean an Albatross automagically can. The dollar will crush the Euro, in fact it has already done so since 2009 and it will continue until we are below parity. In fact, or I believe,...
This idea looks at EURUSD as born into a 25 years Grand Super Cycle Flat, originating at the Euro's release as a real currency with a 5 waves Super cycle as wave A, and now correcting this motive wave in B with a so called Complex Combination (WXY). The talk of parity has been on the table several times, just to die out, because most of market commenting is short...
Between July 2001 and Aug 2011, USDCHF saw a constant depreciation (CHF strength) with just a few significant corrective rallies. At the end. it had dropped with 11k+ pips as it bottomed at 0.70668 (may vary from feed to feed). That was an insane 10 years of bear droppings. Since then, it has as most recovered a bit more than 3000 pips, which isn't even 38.2%, and...
From the wave created by the 2007 ATH to the 2008 global crash and ATL the pair's price action has hammered out a large multi year triangle, currently in wave D as shown on the chart. Price is expected to move higher the coming year or so, before the final correction in to wave E and completion of wave B in a large 3 waves flat pattern. Of course, we cannot be...
I don't trade Treasuries but it's important to keep track of the yield, especially for the USD and if you trade xxx/jpy crosses. The 10 year yield is currently hammering out a complex pattern as wave b in a larger correction, where the last sub wave is expected to reach the 2% area, maybe slightly below, maybe slightly above, before it heads down towards the zero...
1) Getting close to Reload Zone 2) Willy is still high but might go lower as a confirmation to buy 2) Fib Ext show previous highs looking left, giving the price room to revisit old highs Showing a large W in the weekly chart. Looking for a Key reversal sign in the candles.
Quick idea in response to the just announced Evergrade default, although not sure it's really public yet. Ok my take is that "what goes around in China, stays in China", the rest and it's really not much, is just a part of investment and capitalism - it has something called a risk element, and it sometimes leads to defaults. Companies default every day around the...
If the current smaller wave retrace 61.8 in to the 4h tunnel I'm long with a stop below the low, open target but crucial to see it break above the current structures high of 114.74 I think 118 is a reasonable target though, if we break and close above said level. If not we may see a rotation down to 112.20/40 support.
Short play for Canadian Dollar to strengthen 11-12-2021. Short term move, so plan on closing by end of day. Target 1.25200
Simple trade based on a wave 2 38.2 fib pullback into 1h tunnel, if it gets that far. Possibly, with bravery, the trade could be taken already at 23.6% but it's important the pullback is in 3 sub waves. If not, even at 38.2 we may get a deeper dip into 61.8%, so this is something to look out for before getting into the trade. TP can be any high to the left of your...
If you have seen my other idea for the pair you know that I'm already long from the bottom. So this idea is mainly to show where I may consider to add to that trade. Price finally spiked higher and nudged past my confirmed bullish level, in 5 waves (this is important) and as it did so it also made a bullish impulse noted by 2 sequentially higher highs with higher...
CADCHF made a DB on the 1h/15m and the reached above the peak in between. The setup is on 15m with enter on a 61.8 retrace relative to that in between peak. If price seem to struggle getting there I may enter earlier. This will be my 3rd try on this pair.
Hello, everyone! When we are waiting the next BTC pump? To answer this question let’s take a look at the Elliott Waves structure on the price chart. I am sure that Wave 3 have been already ended, because the fractal, squad bar, maximum value at Awesome Oscillator and target zone for Wave 3 was reached. Now the price is forming the Wave 4. It looks like that the...