DAX has made a Bullish SFP at the Low of the Trading Range. This downward movement also seems like a Bear Trap which gathered the enough liquidity for the next leg up. But first, price needs to reclaim the upper zone of the Key OB and get back in the Wedge.
Please let me know if you have any suggestions or any ideas...
The EUR/USD was rejected big, 2 days in a row. Lots of selling pressure. Obviously, this was due to the strong US market on Thursday and Germany getting closer and closer to a recession.
I may look for an entry tomorrow at open, if the 4 hour or 1 hour charts look promising. Or, I might wait to see if the low can be broken, then wait for it to fall to that...
German industry in freefall - ESI Lower & PMIs lower.
Consumer confidence lower, the chemical industry relies heavily on consumer products.
China PMIs lower again.
60% of sales are based in China/Europe new orders slowing
"In China, the world’s largest automotive market, the decrease was more than twice as high, at around 13%."
Profit warning 30%...
Boris Johnson asks Queen to suspend parliament.
The decision will cut dramatically the time MPs will have to take action to prevent no-deal Brexit. he is going to ask the Queen to suspend parliament for five weeks from mid-September.
It seems like the Queen is ready to be in. And this means that the opposition will have time until September 12 to prevent the...
The China-United States Trade War is an ongoing economic conflict between the world's two largest economies. Two countries cannot even agree if they are talking. According to Trump, he got a call from Chinese officials, however, China did not confirm that yet. Well, quite possible that there was no call. this means that we are in a situation where the parties are...
Trump: China is ready to go back to the negotiating table. China, for its part, reiterated its desire to resolve trade problems through negotiations. safe-haven assets against this background have slightly adjusted and provided excellent opportunities. Despite the optimistic comments from Trump’s side as well as Chinese, everything might change. We have recently...
Forecast: I am expecting Bund to continue its uptrend going forward next 2 weeks. Currently, this week weekly candle close as an inside bar, suggesting consolidation period. Bund will either expand this coming week or next week.
First: Expansion next week, How to get in?
Trade entry: Long the Daily demand zone, with stop below
Confirmation: Reclaim last week...
Some techniques i like to employed into my trading is:
- Creating a range using Last week Price Action
- Creating a range using Monday Price Action
Key levels Identified:
1) Last Week High
2) Weekly Open
3) H4 Resistance turns support
4) Monday High
there are some technical resistances, but we got extreme support areas and an "long" term uptrend. the fundamentals are extreme bullish, we got an growth company with solid financials here. Im sure it will outperform the DAX(Germany 30) this year by a lot.
Been in a prolonged downtrend on the German Dax...world equities really, and it seems we began to bottom out here. We stopped making lower highs and lower lows.
We hit a support one and from there have gained some bids. Seems we got what appears to be a wedge/triangle break above a resistance zone on the 2 hour followed by higher highs and higher lows. A good...
Like the big US Indices DJ:DJI and SP:SPX we got a MASSIVE bearish divergence and a an ascending wedge on the 2 Months chart.
The German Economy really does not exude confidence since the creation of the Euro. As we know the EZB is already on an interest rate of 0% and there is no mild exit anymore from this state of economy in the Eurozone. Soon we will see the...
Not a textbook head and shoulders, but this is real life. What the head and shoulders tells us is a shift from one trend to another, we see this with the swings.
The German Dax had a break below a support/flip zone as other equity indices also sell off.
This is a nice and strong break, but again, perhaps await for the Federal Reserve to speak before entering....
Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone...
Stock investing strategies XETR:DAX
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward...