It looks like a good structure, I'll see how it develops
the last short position on this index ... End Of B of B
at 12000 we have S3 pivot, previous volume developing POC and RSI on daily just confirms all of the previous. It can be a nice long setup.
we might see a nice reversal since MA (yellow line) holds pretty well and price analysis shows it could be a good signal for long
DE30EUR is decreasing. The exchange rate generates a second downward wave of a triple wave structure. The target price for the second downward wave structure may be around 11783. Then we expect a correction wave structure. Its peak is the intersection of a D1ATR axis. Area of 12215 level. Then the third downward wave, which is the target price of 10882, is completed.
DE30EUR has bounced off its support at 12501 (76.4% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 12889 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) bounced off its support at 3.6% where a corresponding rise could occur.
waiting from the graphic to break fbo 23,6 level (12837) and touch up channel trend up tick and come back touch 23.6 level and continue to 13150 ' s , we can use as a stop lost level down channel breakout...
These are the levels that I have if the next angle (dotted red line) is lost. If it respect the angle I will use the chart "It seems that this orange still has juice" as reference. Best wishes!
I would have liked to see it before, but it seems that there is still an opportunity. Although I have to be very careful with the "danger zone" it seems that we have a target. I will use this publication together with "DAX Down" as reference. Best wishes!!!
All details in the chart...
Price broke above trendline from the upside. RSI oversold with divergence. Price above 20EMA. 2 trades 1.5:1 2:1 RRR. 1st target 127.2%fib 200EMA resistance. 2nd target trend continuation. In my opinion the cycle isn't over we have some time before we get a recession. Bullish. Good Luck
short term goal, it is following a downward channel and wait for retracement to confirm trend pattern.