The drawing you see has two 45 degree angles from which gann fanns must form.
The first is from the ATH downwards and the second is where the 45 degree of the ATH hits with the base level of the bull run if a 45 degree angle was drawn from that point.
This does not indicate a bottom but helps find them. In this case there are 3 45 degree angles drawn from each ...
According to my count, we just entered subwave 4 of wave 5.
Subwave 4 made a flat ABDCE pattern and it just broke out of it.
Fib extension of subwave 3 brings us to the .382 fib level with price around 8650, same as the end of the rising wedge.
I have drawn 2 poles for the flag.
Black one is measured from the point of breakout.
Blue one is measured from the ...
Eurusd on the way to1490 (23-day station) waits for stable daily close at 1470,
(1395 - 1470 " 80 pips) is an upcoming wave, our suggestion is a Bearish correction in 1389-1404 region before any Bullish retracement.
quick a weekly overview of the DAX.
It all plays out as the S/H/S-Pattern pre-determined.
Technically we`ve seen a decent correction and sell-off below the 10.000, which has not been touched for more than 8 years.
The sell-pressure is more than obvious and clear. But can we recover?
Is that a trigger for panic? Or rather a chance to buy as ...
225-degree Square of 9 angle at 1.1343 has held as a strong support zone, with the left and right shoulders of an inverse head and shoulders pattern being formed around that angle. Additionally, the 4/8th inner harmonic at 1.1245 along with the December 3rd date (4/8th harmonic in time) create a square of price and time, this is also within the 225-day Gann cycle ...