📍 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...
- accumulation before level
- there are many stop losses behind the limit level.
- things can change if bad news comes out.
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Trade Safe - Trade Well
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of...
📍 DAX gaining tempo
The previous 2020 macro map, outdated as it may be, contains the overarching manoeuvre which we can now describe as a compounding play.
It is as follows: my models started to pick up on the alarm bells towards the back-end of last year, and hinted of DAX making revisiting 10,000. The compounding is going to be of great importance, when we...
Resistant2 = 13497 - 13830
Resistant1 = 13222 - 13300
Support1 = 13019 - 13057
Support2 = 12684 - 12720
Look left to Sep 2020, price is now approaching a resistance area.
If volume remains low, look out for possible reversal.
In my opinion, DAX is still overheated through the latest vaccine news. Looking at the daily chart, you see lots of impatience.
A correction is more than likely to happen with DOJI candles at the top. The fundamentals don't really point in the direction of an ongoing rally. During the Corona crisis, the most accepted value was 12640.
The area between 12800 and...
GER30 - Intraday - We look to Sell a break of 13028 (stop at 13151)
We are trading at overbought extremes.
We have a Gap open at Monday from 12478 to 12668.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look for a temporary move lower.
Short term MACD has turned negative.
With signals for sentiment at overbought extremes, the...
Since beginning of Covid until today, the most valued point is around 640. For me that means, the market feels comfortable in this range after the second shutdown wave.
These days could be a test of this area before going back, at least to the Golden Zone. A longer term range could be the result after the last impulsive two weeks from now on.
Happy trading and...