Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for both a long and a short trade.
DAX40 could rise into a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 16303.35 Why we like it: There is a swing-high resistance at the recent all-time high Stop Loss: 16375.44 Why we like it: There is resistance at the 100.0% Fibonacci projection level Take Profit: 16108.97 Why we like...
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for a short trade.
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for a short trade.
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for both a long and short trade.
A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse with divergence in the daily.
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for both a long and short trade.
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for both a long and short trade.
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see several options to enter a trade.
DAX40 could break out of an overlap support to climb higher. Wait for a confirmation signal for price to pull back towards the buy entry before momentum could carry price up to our take profit target. Entry: 16085.02 Why we like it: There is an overlap resistance Stop Loss: 15914.07 Why we like it: There is an overlap support that sits below the 38.2% Fibonacci...
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see several options to enter a trade.
Textbook move in the dax as we have resumed higher as expected, in the linked forecast from last week. Looking for further upside if the count proves to be correct, otherwise we can look for a double correction lower into wave {c} or {y}.
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, we see a possible entry for a short trade.
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, we see several possibilities to enter a trade.
Dax40 continuation of the downtrend. A slight correction and continued declines.
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, we see an entry for a long trade at the extremes.
DAX hit today the bottom of the short term Channel Up. This is inside a larger Channel Up pattern that started during last year's market bottom. As long as it holds, especially the 1day MA100, buy and target 16600 on a +6.34% repetition of the first short term Channel Up rally. If the price closes under the 1day MA100, sell and target the bottom of the long term...
Mercedes is about to park wave (2) in magenta in our green target zone between €67.31 and €77.90. Once this top is placed, the share should continue the overarching downward trend, dropping below the support at €60.72 and (after a short countermovement) further southwards. There is a 30% chance, though, that Mercedes could leave the green zone on the northern side...