In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as a WXY with an expanded flat as wave X. The secondary scenario assumes that the wave ((2)) low is in after a triple three correction. As long as we do not take out the 31/07/23 high, we are reluctant to make this our primary scenario.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
DE30EUR - 24h expiry Posted Mixed Daily results for the last 2 days. Overnight losses have been limited. We are trading at overbought extremes. There is no clear indication that the upward move is coming to an end. 15956 has been pivotal. A break of the recent high at 15956 should result in a further move higher. The bias is to break to the upside. We...
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
DE30EUR - intraday There is no clear indication that the upward move is coming to an end. A Doji style candle has been posted from the high. A lower correction is expected. Preferred trade is to buy on dips. 20 4hour EMA is at 15694. We look to Buy at 15705 (stop at 15605) Our profit targets will be 15955 and 16005 Resistance: 15869 / 15900 /...
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B can unfold as an ABC or WXY structure. We favor the WXY structure.
DE30EUR - 24h expiry The bullish engulfing candle on the 4 hour chart the positive for sentiment. Our short term bias remains positive. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A break of yesterdays high would confirm bullish momentum. Short term RSI is moving higher. We look to Buy a...
Price is testing the multi-swing high resistance level, and we could potentially see price taking out liquidity, and causing a breakout. Our buy entry is at 15274.4, which is a multi-swing high resistance level. Stop loss is at 15055.8, which is below the multi-swing low support level/double bottom. Take profit is at 15553.1, which is a swing high resistance...
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure. The wave ((c)) of this expanded flat does not look finished.
Price could fall to our buy entry at 15009.3, which is a pullback support level, aligning with the 50% fibo retracement and slightly below the 61.8% fibo projection. Our stop loss is at 14896.5, which is below the 50% fibo retracement and 100% fibo projection. Take profit is at 15222.4, which is a swing high resistance level. High Risk Investment Warning...
GER40 - 24h expiry Daily signals are mildly bearish. Negative overnight flows lead to an expectation of a weaker open this morning. A break of the recent low at 15070 should result in a further move lower. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term momentum is bearish. We look to Sell a...
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure. The wave ((c)) of this expanded flat does not look finished.
H4 - Bullish convergence. Currently it looks like a pullback is happening. No opposite signs. H1 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure.