WAITING FOR BULLISH PRICE ACTION. BREAK OF FLAG TO THE UPSIDE TARGET 12250
Here we got a Cypher after a double bottom at strong resistance, but our stop might be too tight but it have to be or else our R:R is not lining up on our favor. Its going to be exciting - or terrible to see whats going to happen on this pair once the market opens without a greek deal on the table. With the China news out and the hole Greece deal going south who...
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
If we break down below 11,150, we'll likely see 10,786 and below on the DAX. It would likely find some initial support at the next order block and 161% fib extension of the recent upswing. Given that Greece decided to bundle its payments to the IMF, the uncertainty around this issue may drive this leg down. Until now, Greece had been all about "talk". Now that...
Just like the title says, German index will go to 13000, likely in the next 2 weeks. Even though the euro will fall, and german stocks will appreciate, there is the danger of GREXIT affecting the german economy. Therefore long with caution. Bullish flag on weekly, macd/rsi convergent with the trend on daily, trend is up. See more on EU on why euro will fall.
Here we got yet another pattern to look out for in the comming trading week. This one is a little exciting its a pattern that is against a year long uptrend on this Index. So have we reached the price limit and a reversal is due...? Well we will se, i will recommend using half position size on this and just shoot for target 1 first and then take half position and...
A Potential Bearish Cypher Pattern on the GER30
I believe that this year the saying "Sell in may and go away" won't work. We can see a very complex and time consuming correction. It is an irregular correction where wave (b) tops wave (a) (in red). The structure is 3-3-5. Wave (c) is unfolding and we can count 5 waves down. Wave 2 is very small and shallow. Wave 4 is again a complex correction. We...