B&C under TL = Short B&C above TL= Long
A bearish divergence is spotted as the indicator RSI (14) is making lower highs while price is making higher highs approaching the zone. This implies that the bulls are getting tired and selling pressure will soon get it. Because this is a daily time frame, we will have to be patient enough for price to come back to the entry on chart and set take profit 1, 2...
GER30 - Intraday - We look to Sell a break of 12838 (stop at 12952) We are trading at overbought extremes. We have a Gap open at Monday from 12478 to 12668. A higher correction is expected. Rallies should be capped by yesterday's high. We look for a temporary move lower. Our profit targets will be 12542 and 12442 Resistance: 12950 / 13050 / 13170 Support:...
As you see on this 30 min time frame. The DAX is almost flat in its leading edge. Some try to find out what this means. It doesn't matter what it means or what's going in there. There are only three directions: UP, DOWN or SIDEWAYS. What do you do here? Difficult to say, because price can suddenly break out north or south. Whipsaws are quite possible too....
GER30 - Intraday - We look to Sell a break of 12288 (stop at 12404) Short term MACD has turned negative. We expect an initial move higher to fail and look to set shorts on a break back through 12300. Our outlook is bearish. 200-hour EMA is at 12324. Bearish divergence is expected to cap gains. Broken out of the wedge to the downside. The bias is to break to the...
Pattern: Lower Highs bullish break-out. Signal: Buy as the RSI broke above its 3 month Lower Highs trend-line and the MACD is on a Bullish Cross much below the mean. Target: 13850 (within the ATH and 1.236 Fib extension line). Most recent DAX signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
Since beginning of Covid until today, the most valued point is around 640. For me that means, the market feels comfortable in this range after the second shutdown wave. These days could be a test of this area before going back, at least to the Golden Zone. A longer term range could be the result after the last impulsive two weeks from now on. Happy trading and...
I would provide here some my view for the Dax for the next few Weeks. I think the picture speeks for itself.
GER30 - Intraday - We look to Sell a break of 12245 (stop at 12371) Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We expect an initial move higher to fail and look to set shorts on a break back through 12250. Our outlook is bearish. Trades at the lowest level in 21 weeks. Bearish divergence is expected to cap...
After reaching my 11500 target, the German index had a false break under support and reversed. Now is trading exactly in resistance (12500) which is also the neck-line support of H&S. A new leg down is probable from this point and also we can have a great R:R if the index is retesting 11500 zone
Before the touch of a neckline of an M formation...
GER30 - Intraday - We look to Sell a break of 11378 (stop at 11472) Prices are extending lower from the bearish flag/pennant formation. We can see no technical reason for a change of trend. Our outlook is bearish. Trades at the lowest level in 21 weeks. We look for losses to be extended today. Price action is forming a bearish flag which has a bias to break to...
This is an interesting 3 year pattern for DAX. Since 2018, every time the 1D MA200 breaks as a Resistance (index closes one 1D candle above it), DAX rallies to at least the 0.786 Fibonacci retracement level of the previous Top. Right now we are testing the 1D MA200 and the 0.786 is at 13000. Will history repeat? ** Please support this idea with your likes and...
Hello traders, Nasdaq is currently in a downtrend and we are looking for potential short positions. Price is respecting the downwards trend line and we will be looking for price to reach our sell zone and touch the trend line before looking for sell signals. Our trading plan goes as follows; TP1: Close 50% of position and move SL to Breakeven. Remaining...
My 11500 target was hit and now the German index is consolidating just above this support. A correction from this point is not out of the question but with EU imminent lockdown I expect this to be short-lived and a new leg down is just around the corner. 12k zone is a great place to sell Dax30 and a target of 10k for swing traders is very probable
GER30 - Intraday - We look to Sell a break of 11428 (stop at 11521) Posted a bearish Flag formation. A break of 11450 is needed to confirm the outlook. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Our outlook is bearish. Trades at the lowest level in 18 weeks. We look for losses to be extended...