Price rejected the 160 resistance line. We are now in the blue zone, where price action is telling, that the price will probably move to the south. Target is the 137 area.
The latest news on Thursday. About the publication of the United States retail sales data. Unexpectedly, for most people the data turned out to be much better than forecasts (+ 1.6% m / m with the forecast of + 1.0% m / m). Recently, the US is not very pleased with macroeconomic statistics. So, everything is completely mixed up and it is difficult to say what is...
LTC wird wie es aussieht bis zum golden pocket retraced bevor es eine kurzfristige Trendwende geben wird. Gutes RR!
=> After a very tough year for European Equities, the bad news keeps coming. End of QE with a very dovish ECB was expected to keep equities afloat, however, we can still extend the lows another -5% till 10,178 - 10,160. => Tracking this chart very closely into the FED and remainder of the year for any signs of a reversal once we clear the final targets. For those...
The USD weakness playing through after Powell’s Put is evident in the valuation of the Euro. While I’ve argued that I simply can’t envision the multi-month range to be decisively broken, price action and volume is king as they reflect the market’s intentions. The close above the first layer of resistance at 1.1443 is a major warning sign that yet another attack...
Buy Dax Index at 10920 with the sl 10820 and tp 11100
The pair has been stuck in a 100+ pips range ever since the spike in demand off Nov 28 lows. Market makers and range traders have been dominating for now, with 1.13 to the downside being the line drawn in the sand by value buyers. I say ‘value’ because at present, any Euros being exchanged nearby the 1.13 are definitely offered at a discount based on where the...
This is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy...
NOTE : This is an early trade scenario... still needs further wave confirmation before placing the actual trade.. Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Hello traders, and welcome to a new daily update regarding the German DAX. On the Weekly time frame of DAX we see price trading in a nice and clear impulsive and bullish sequence up from 2009. We can see a nice five-wave movement up from the lows, with final wave (V) of a higher degree in play which can in weeks and months ahead take price towards the...
Price potentially heading towards 12600 in the future because of major sell off within this bullish structure. As I always mention, those are scenario's. Without a stop loss, take profit, risk reward and proper position sizing there's no reason to get it. It's just a market prediction. In this case, price didn't even got to the price where I want it to be,...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that...
Since April 2017 the Chart showes a nice upward Trend Channel. The value is at the moment close to the base line. So there is enough space to follow the channel ;-)
Good Morning Traders. Daxi With great force, but not for long. We will watch for short entry sooner then later. watch the EURO. when it turns thats Bearish signal for DAXI. Drive Safe.
German Dax is finally breaking out of a fourth wave triangle, now in fifth wave so there is room for a move up to 12910/12950 region, where market may find a temporary resistance and send price south in three waves. We see some important Fibonacci ratios at the mentioned region that can react as turning point zones. A later minor five-wave drop and a break below...
Green Area buy region once rejection is seen. Will be adding long in green zone. Risk to reqard not decided yet. Will keep post later, once prices are near the green zone. Trade with care.
Hi traders. i hope today was profitable. its was great trading day. very classic. look how nicely fibs level help us find targets. enjoy the rest of the day. you sure earned it. See you on the next ride !
The DAX has clearly broken its March rally in April, with lower highs proof of growing sellers. The break through of the blue support line indicates a lack of buyers, and this morning it switched from support to resistance.