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
Using simple trend lines it's reached the top and now it's time to retrace at the very least and go further perhaps. Up until Draugi speaks in December that is.
Nice daily Pinbar on the close today. The Pinbar's high mark the top of the move and a level to place protective stop loss above. I've targeted the 38.2 Fib level as first target level.. obviously you can use smaller time frames for shorter term targets. Tomer, The MarketZone Follow me on TradingView Subscribe to my newsletters - goo.gl Follow my blog -...
Price has formed a bullish ab=cd pattern with its D point at a strong support level. Stoploss and profit targets as shown at the chart. As usual if price reaches the first target movw stoploss to breakeven to the second one. Likes and comments are welcomed.
Tomorrow we will get news and see if this major resistance are is going to break. Otherwise it could offer short opportunities. Watch it carefully. If we go through, expect at least move close to 11k.
In the previous days i've watching Dax closely. Yesterday i came with a post explaining that dax is in a corrective structure ready for a sell off. Looking now to the chart i have indetified two harmonic bearish patterns, a bearish gartley and an ab=cd pattern forming in a key resistance level. In addition we have an abcde corrective pattern completion at the same...
We have a bearish advanced Gartley pattern which happens to complete at the 50% retracement level from the previous highs (9/9) and also it completes where the current down channel crosses too.
A nice bearish setup has formed here in Dax. Price is in a corrective structure having already formed an abcde pattern. E point has formed where price is testing a long term resistance level ( black trendline ) and a short term resistance ( the upper trnedline of a rising channel, the purpple one in the chart). A nice way to trade this setup is to move to a lower...
Risk is about 1180 here from A to C and reward only 917. See thepatternsite.com for more info.
The reaction post FED was a bit unexpected, at least for me. All indices ramped up (dax not so much actually) and then reversed with conviction. The big question now is - what's next? Is this choppy 4th wave finally over? A look at the daily provides some clues. The peak of the bounce was just above the 50% Fib retrace, while the decline from there looks like...
I present you 6 stocks with the same pattern action. SPX500 AUS200 FRA40 GER30 UK100 FX:JPN225 Contrary to popular belief, I don't see any preference of expecting stocks to crash. I just see scared investors because prices touched the support levels, so everyone is panicking about it. This also happened last year on October, many people panicking that it...