DAX IS LOOKING BULLISH, DAILY MA'S BULLISH, WAITING ON DAILY CLOSE, PRICE PUT IN A HH, ABCD POSSIBILITY, CAUTIOUS OF THE DOUBLE TOP PRICE BOUNCED OFF 200MA AND IS ABOVE 50MA
Hi Traders, I trade for 8 years and all these years I have been using RSI which is a free indicator which also does not lag. However, I use him with trendlines connecting with higher highs or lower lows so I can see a signal when he breaks this trendline. As you can see the RSI with those trendlines, everytime he breaks those lines it indicates a breakout and...
We have a potential Cypher pattern in line with the overall trend direction. I would love to hear your opinion, feel free to comment, agree or disagree. ----------------------------------------------------------------------------------------- Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at...
Due to the insecure overall political situation in Europe, plunging chinese stocks and industrial metals, the testing of the upper channel edge and a relatively oversold market , we may see another breakdown at least to previous structure level of at least 10700. Another support zone at around 10600 marked with the thin green line may also indicate a potential...
AS YOU CAN SEE I JUST COUNT WAVES. I FIGURE OUT THAT PRICE IS MAKING A 5TH WAVE AND THIS WAVE HAVE AN 5 WAVES STRUCTURE TOO. NOW PRICE IS MAKING THE 4TH WAVE OF THE 5 WAVE SEQUENCE THAT IS INTO THE BIG 5TH WAVE. THIS 4TH WAVE IT SEEMS TO BE AN ABCDE PATTERN. SO I WILL BE LOOKING FOR THE BREAK OUT TO GO LONG. MAYBE IN LOWER TIME FRAME. WHAT DO YOU THINK ABOUT...
Bearish Cypher The bigger harmonic pattern is a Bearish Cypher the smaller one in the right wing is a Bearish Shark. If you agree with my chart(s) or just want to show appreciation - please click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays....
M- showing loss of momentum, bearish candle couple months back, few pin bars since then. W - LL LH rejected by 8ema, respecting channel D- respected 61.8 fib level which was in con with top of channel and 3rd TL touch also lovely PA on daily. target is 127 ext buffer 10530 which is in confluence with bottom of channel and also 61.8 fib level on daily from...
- Descending Channel - Strong Structure Level - Cypher Pattern
There are some reasons to thin DAX may go little up, to 11370 - 11400, and then short - to minimum 11130. 1.618 of fibo ext of last small rejection ends at D of Bat equal overbalances (green boxes) generally bearish trend - aligned to bearish bat close to downchannel top line
The German DAX index seems to be giving the first indication of a bullish reversal today. A double bottom above the 10,800 handle is currently under way on FXCM's GER30 CFD, and this corresponds with a Fibonacci confluence as shown in my chart. It's definitely too early to be sure that a base has been established, but I think the technicals suggest a bullish...
Trading Setups: GER30 (DAX) Pin Bar Buy Signal The GER30 (DAX) formed a bullish pin bar buy signal yesterday after moving briefly below 10970 key support level. In addition we can see that this bullish pin bar almost formed at the bottom line of a channel. We could see price move higher from this pin bar in the coming days. Yesterday price retraced 50% which...
Harmonic ABCD and SHS Could be lining up for a harmonic ABCD move like the SP. Price then have to exceed the 78,6 retrace for creating the chance of make it to the SHS neckline. This is a must and comes in at 11.637. Remember the SHS is ONLY active when neckline broken From there we could see a possible target at around 12,800. This could be the very story...
MTPredictor's software generated low risk high reward scenario on DAX. Long, stop and target are automatically calculated by software. STF trend indicator is blue, that is indicating trend is up. This is the setup: Long at 11071 Stop at 10863 Profit target at 12059 Profit around 8% Risk Reward ratio 4.7 (that means i am risking 1 unit to get 4.7 units) In this...
Just looking at the last leg down and the pull back on the DAX and I noticed the lovely way the Fibonacci levels have been respected. Current at the 38.2 level. What will we see tomorrow, a continuation up to the 61.8 @11500 or thereabouts? Teh 73 level is something I keep in mind for stop hunters.
My previous bullish bias was negated by the break of of the TL, I am short from the retest at 11466 target 1 11200, watching price careful, as this is key support, if it breaches I will be targeting the next level at 10600.
A potential short opportunity at the completion of a bearish gartley which is at the 1.272 extension of the AB leg. Stops need to go above X. TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D
I am watching for confirmation that we have begun a Wave 4 Retracement on 1h Chart. There is bullish divergence appearing on the RSI & MACD between Wave iii and v possibly signalling a short term bottom. As Wave 2 was a short uptrending 3 Wave Zig~Zag Correction by law of alternation I am looking for a drawn out 3 Wave Flat Correction over the next couple of...
Scenario 2: Greece Cut a Deal. I will be looking for a re-test of the GER30 all time highs around 12400 near-term. Before returning to test support at the lows of Wave (A). Criticism & Comment Welcome