from 200 to 0.51 Almost 400X 63.674M Market Cap If it doesn`t bounce from here, then when?
Massive bearish divergences occurring. Month of Dec will be bearish I believe and ill be loading shorts from between a range of 13200 - 13300
we are at strong daily resistance and over extended to the upside on higher timeframes, dropping down on the 4hr we can see market is consolidating in this triangle formation, we will be watching to see which way it breaks and on the retest we can look to enter.
Why are we selling? Updates in bold Price is expensive and volatile - during the election process in the US, the worlds relationships are affected The election is coming closer <8 days. The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers. The stocks have recovered well...
GER30 - Intraday - We look to Sell a break of 13028 (stop at 13151) 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. Short term MACD has turned negative. With signals for sentiment at overbought extremes, the...
I feel that price will attempt to test 50% of most recent low. The stochastic line is testing the lower half and I know earlier this week price over exaggerated. I used the fibonnaci to retrace certain percentage points to take advantage of the pullback. I will trail my stop loss once I get a decent amount into profit! TP's: 1. 12844.31 2. 12670.22 3. ...
Looking at the German DAX index we could spot a potential V-shape reversal pattern. DAX has reached the target for the bears which was mentioned in our previous analysis at 11545. Since then the market bounced back. It seems that the worse Q4 2020 in the German economy has been discounted by the market and currently the index is trying to evaluate the rebound in...
Hello my friends, Second setup for today is German index which is known as DAX. Some brokers use DAX on it quotation, others use GER30 / DEU30. Anyway, they are the same indicies if i am not wrong. Feel free to correct me if i am wrong. There is a shooting star candle / bearish pinbar candle on the daily timeframe. It appeared exactly at horizontal...
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...