Yesterdays' historic oil plunge could be affecting the markets today. DAX trying to break the rising wedge.
Making new lows is a good trigger to short o the next support level.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
So far so good and we are reaching our profit target.
I am going to close my long positions and i am going to
start shorting the market inside this range of 11.200
and 12.000.
Actually i am going to look for entrance inside a little
smaller range into the zone of 11.650-12.000.
I am going to be keeping my short until the zone of
5000-6000. This is where...
This is my prediction for Germany 30 index.
There is strong support at this level and the index is going to climb up to the zone between 11.200 and 12.200. This is a bear market rally and the collapse is going to continue after this break. I will be able to tell you the next bear target after it reaches the 11.200-12.200 zone.
risk desclaimer
This prediction...
Rising wedge testing lows of the support in the H&S pattern.
RSI divergence, waiting for the break to short to the 61.8% Fib level.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
Altough there are still new corona virus cases, it seems that fear of it is still decreasing and things are getting under control. (We all know that aren't) We might see some long chances before crisis and another drops.
Price level going down to test the low of the rising wedge. Also strong support there and 200SMA, requires a break and close of the candle to confirm. Target above 61.8% Fib level.
Alternatively will be looking for reverse patterns a the testing area on smaller time frames to catch potential buys.
Please support the idea and share your thoughts on DAX!
Good Luck...
This analysis is purely based on the LongBuyLongSell Indicator
Here are the tree basic criteria matching to go LONG as per the LongBuyLongSell Indicator.
Please read the details in the comments /description of this indicator to know more how it works.
LIKE
COMMENT
FOLLOW
Inverse H&S pattern formed with divergence on RSI.
Positive news was China wants to reopen Wuhan and Italy mortality slows down.
Could prompt the markets to pullback this week, although by no means are we out of this mess yet.
Good Luck and Stay Healthy!
Well, Dax just broke an important weekly support, let's therefore look at the longterm monthly picture.
We see that the monthly MA200 had excellent support the last times in 2001 and 2008. If this scenario was to repeat, and we indeed
get a financial crisis due to the corona pandemic, then we might see Dax go as low as 7000, before rebound. New all time highs in...
In the name of ALLAH who is most merciful and the master...
We take trading as a business, not a gambling stuff.
We have calculated approximate risk to reward ratio.
Please note:
-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your stops to your entry levels after the price moves 100 pips towards...
Looking at the current drop, I am seeing a nice Elliot Wave response here as the Wave 3 was extended with its 5 waves then now we are pulling back to the 2014 Demand Zone to give us Wave 4 , which agrees as well since Wave 4 is known for consolidations. Whats your take?
Like and follow for future predictions like the second Nostradamus
13803 IS THE FIRST TP TARGET, but i'm optimistic to a 14000 next week, so kkep an eye on that 13803
