With the DAX making all time highs and now creating new levels of support, the best we can do is work with previous levels. When an instrument is making ATH's it is difficult to chart exactly where the next level of resistance will be, as it is all untested area and it's up to the market to decide just how overbought it really is before we can move down. Looking...
Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
We are looking at two scenarios for the DAX now. In the bullish scenario, there might be an opportunity to go long. In the bearish scenario, there might be an opportunity to go short.
We are looking at two scenarios for the DAX now. In the bullish scenario, we see an opportunity to go long. In the bearish scenario, there is an opportunity to go short.
In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe.
We are waiting for the end of a WXY correction before going long again.
GER40 - 24h expiry The primary trend remains bullish. We look to buy dips. We are trading at oversold extremes. 50 1-day EMA is at 16050. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We look to Buy at 16051 (stop at 15951) Our profit targets will be 16301 and 16351 Resistance: 16150 / 16250 /...
We wait for more data to initiate a trade. Firstly, we are waiting for a clear ABC pullback before going long. Secondly, we are waiting for the wave 3 area in the 4h to go short.
From the previous trade analysis on DAX, it hit our target of 16,333. This was due to a Falling Wedge along with a Reverse Cup and Handle pattern. Since then, the price has moved into a consolidation period where the price was fighting between the bulls and bears. And guess who is winning? The bulls again. There has been a smaller pattern form called a...
We wait for more data to initiate a trade. Firstly, we are waiting for a clear ABC pullback before going long. Secondly, we are waiting for the wave 3 area in the 4h to go short.
Let's look back at the past trading week and learn from it. What went well? What could be better? This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know.
In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe. We see...
GER40 - Intraday Price action resulted in a new all-time high at 16450. There is no indication that the rally is coming to an end. Short term momentum is bullish. We look for gains to be extended today. A break of yesterdays high would confirm bullish momentum. We look to Buy a break of 16461 (stop at 16361) Our profit targets will be 16711 and 16781...
We finally got some data that allows a better interpretation. In the 15m, there is a potential long trade for today but the upside is limited as it concerns the fifth wave.
Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
GER40 - 24h expiry Trading within a Bullish Channel formation. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 50 4hour EMA is at 16125. We look to buy dips. Price action continues to trade around significant highs. We look to Buy at 16131 (stop at 16031) Our profit targets...
Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
Bullish/Bearish Momentum: The Macro PVVM, which indicates long-term trend, has been consistently increasing from 68 to 102. This is a strong sign of a bullish momentum in the long term. The indicator breached the overbought level (>100) on the last data point suggesting a strong bullish trend but also the potential risk of a pullback. The Micro PVVM,...