Ger30| The market made a fake breakout out of the falling channel resistance. Instead of price continuing higher, it reversed back with no signs of bullish continuation. What we can see currently is a typical head shoulders pattern on lower timeframe, suggesting that price might reverse to the downside. I will be looking for bearish signs for short positions with...
DAX 40 index / 1D
What Bulls see?
The close of friday was a bulls bar with tails on both sides which indicates both side ways mode. The last week, Buyers see 2 bull bars closing at their highs and they are looking for a major trend reversal after a low and a higher low plus 3 legs down wedge reversal and head and shoulder. So, they are expecting a second leg up...
Here we have the 2D chart for US30. We have the impulse starting Mid March in 2020, which recently ended in January 2022.
The Elliott Wave breakdown is as follows:
Wave 1 - is made up of 5 subwaves (impulse)
Wave 2 - Is a corrective wave made up of 3 waves (correction)
Wave 3 - is another impulse wave made up of 5 subwaves (impulse)
Wave 4 - is a corrective wave...
Since September 20, 2021, the Frankfurt Stock Exchange has officially expanded the components of the DAX 30 index to 40 shares or the DAX 40 index. Of the 40 stocks of selected large companies that are components of the DAX 40 index, as many as 15 stocks made a profit, while 24 stocks suffered losses and one stock traded unchanged. The European Central Bank will...
AC indicator on 4hour do its job exclent
dax touch fibo 61% ,now in pullback as predicted befor ( daily chart trend will + up)
now looking for buy when OK comes , OK= when PINBAR comes on 1hour , 4hour,daily chart or in 15min chart ,price break last upside trendline
dont fear pick buy with SL in day low ,,,, hold your buy 6-7 day to 14800 area or more
good luck
Re-entry here, as in the first trade I hit the SL. Now the price took out the liquidity above previous weekly high and rejected from bearish orderblock.
We are currently at a 4 hour bearish order block and on the 1 hour we are inside a (fair value gap/imbalance/ liquidity void) that got corrected. So chances for the market to sell off when the market opens are high.. So if you have a small account take a chance on this trade, smaller stop loss big reward
Hello traders, Ger30 broke above the falling channel as I discussed in my previous idea on this. I anticipate bullish move from now with two targets in mind, 14579.87 and 14924.30.
Please do support this idea with likes.
Previous Idea 1
Previous idea 2
dax next target is 14400 gap then will see EMA200 daily (orang line)
so looking for buy in deep and hold it to high is good idea
if you have old buy , dont fear , dont close them soon , wait until ema200 daily
technical say dax can see fibo 161%
ALERT= dont pick sell when dax going up , it can go up wild witout pullback , so dont allow you close sell ,...
Ger30 is approaching the resistance of the falling channel. We could expect two possible scenarios. A break above the resistance of the falling channel or we could see a rejection from the resistance of the channel. In the case where we see a break above the channel we could expect price to reach 14575.00. If bears defend the resistance of the channel, we could...
Hello traders,
Ger30 has bounced up from the support of the falling channel. I now predict to rise to the resistance of the falling channel. For best buy opportunity, I will wait for further bullish continuation formation on lower timeframe. My target will be the resistance of the falling channel.
Please do support this idea with likes if you find it helpful.
GER30 / 4H
Hello traders, welcome back to another market breakdown.
The dax index is mainly trading in a bullish trend. However, with recent free falls in US stocks, the one would assume the German stock index would follow the bad conditions in the markets.
I'll be looking for a swing trade once a full pull back finishes to lower my risk.
Trade safe,
Trader Leo.
