Long term long still open but will scalp futures in the process.
Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart. Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
RSI could go still up, MACD bullish, OBV hasn't turned Maybe bullish run isn't over yet? Hard to believe this but anything can happen. www.harmonictrader.com
On the chart i have drawn the linear regression for the time frame (TF) 360, 180, 90 and 30 days (12, 6, 3 and 1 month respectively). 12 months: bullish 6 months: bearish 3 months: bullish 1 month: bearish a.k.a. mixed signals. Looking at the linear regressions, i think we'll see a relatively neutral, range bound but volatile, first half of '16 with a possible...
I'd like to see one of these B points to be fully broken. Break to the upside would be a nice play for a Bat, minimum
We have two possible long positions on the INDEX:DAX . 1. If price touches the first blue area, check if there is divergence on either MACD or stoch . At the moment we can see MACD diverging from the price. If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H . Will...
Possible Inverted Head & Shoulders meets Rising Wedge.
Disregard the other chart I made the other day. We have one possible long position on the FX:GER30 1. If price touches the blue area, check if there is divergence on either MACD or stoch . At the moment we can see MACD diverging from the price. If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double bottom or w/m ...
So we scalped here and there, but took no serious positions in this :poop: show of an index lately. We've adjusted the support of the broadening top from our previous view (see related) a bit down after what seems to be either a bottom or a dead cat bounce. Same rules apply. Whatever is happening here, we're going sideline into FOMC on $GER30. Enjoy the :poop:...
Info in Chart Guess the Trend will continue. If u like my idea, follow
A clear 5 wave move to the down makes us believe that a correction is coming. A divergence with RSI adds to our thoughts. Just wait for the breakout and go long. Stoploss and profit target as shown at the chart.
Forecasting an extended flat correction within the weekly trend. Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
See chart.
GER30 broke structure on its way down at 10900 and then retraced at 10942. When I saw a doji candle formation ( I don't trade casndle pattern but sometime it helps confirming a trade) I saw it was a good time to enter a short-term short trrade with SL above the doji high at 11016 and with target at 10686