DAX Island reversal Rejected at the multi-months resistance line Few Gaps to close
I'm waiting for DE30 to retrace down to around 13500 because of the strong support zone then buy.. if failed i'll wait for price to enter into the weekly OB then buy.
DE30 (DAX) - On the weekly timeframe Dax failed to cover the Gap from FEB/2020 - With a bearish Doji candlestick pattern possible price reversal towards 0.382 FIb. - 14RSI is Weak and couldn't break (divergence)
Hi guys, after analyzing with market and volume profile, i see following important sell and buy zones. Markets fairest and most traded price before COVID was about 12330. In my opinion markets are overshooting since latest vaccine news so my settings are short from these levels. I'm going to load longs below 12870. Happy trading, take care about money...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for DAX, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
German index DAX has broken first potential support at 13167. It has been set by the equality of the corrective movements. Currently the market is at the next potential support set by previous local lows near 13000 pts. If it is broken we may expect a larger correction with key support set by the bullish gap and by the 38,2 Fibo retracement. It could also be a...
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: DOW JONES is sitting around strong resistance in blue and round number 3000.0 so we will be looking for sell setups on lower timeframes. on H1: DOW JONES formed an objective wedge pattern in red so we are waiting for a momentum candle close below its last swing to...
The DAX index has tested first potential support at 13170 where the equality to previous correction is set. We are talking about one to one correction or running correction. It seems that only a move below this level may open the way to the next potential support set by 23,6 Fibo retracement or the bullish gap near 38,2 Fibo retracement. However, the German index...
Nice move up from earlier lows. Hitting the earlier highs and a strong resistance level. Keep an eye out for the next move.
OANDA:DE30EUR Price had been in a range. Would prefer to stay away at the moment. Resistant2 = 13497 - 13830 Resistant1 = 13222 - 13300 Support1 = 13019 - 13057 Support2 = 12684 - 12720
An interesting development on DAX after the planned highs last week. We will go through what does it mean, how is this an advantage to sellers and when is it appropriate to add to the position. The same focus can be applied across the global equity board. Resistance can also be conceived with the presence of stimulus; but total restraint, which reigns from...
The German DAX index has reached the highest level since the beginning of September. The area of 13452 pts. could be a strong resistance that has stopped the bull run in the past. What is more, in recent days the market has created a shooting star candlestick pattern with relatively high volume. Now the volume seems to be falling when the market tries to stay...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for DAX, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
OANDA:DE30EUR Resistant2 = 13497 - 13830 Resistant1 = 13222 - 13300 Support1 = 13019 - 13057 Support2 = 12684 - 12720 Look left to Sep 2020, price is now approaching a resistance area. Caution: If volume remains low, look out for possible reversal.
📍 A few more words about the possible creation of a waterfall in global equities. There is a strategically interesting example of the exploitation of ECB and FED. The board is hanging by a thread, here German Equities are remarkably similar to that of someone who is having difficult paying their debts while having to bend the knee and convince the masses to be...
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: DOW JONES is sitting around a strong resistance and round number 3000 so we will be looking for sell setups on lower timeframes. on H1: DOW JONES is forming a channel in red, but it is not valid yet, so we will be waiting for a third swing to form around our lower...