As price retests the uptrend line, a double top pattern is forming. Divergence on indicators is present. Could take us lower to the 200SMA level. Neckline break for confirmation. Good Luck!
Looking at DAX, weekly chart shows the H&S pattern forming with good divergence on indicators Elliott waves are perfectly respected and by that count we are finishing wave B. Could still go up before the major plunge into C. This could also be in line with recession fears, showing that we have time but the sell off is inevitable. Wave C also moves in 12345...
Potential pattern forming. After completing inverse H&S pattern, now see a new one. Divergence on indicators and waiting for the break of the neckline to short, or wait for the high on smaller time frame. Good Luck!
$GER30 #DAX #GER30 #DE30 dont jump into it to early DAX has risen the past weeks bouncing of 11275 Support and is getting into Resistance Zone were some kind of Pullback is expected. What we dont want to do is to jump in any DAX Trade without a proper Risk Management Plan because we dont want to get caught between some Ranges maybe forcing us out of our...
M timeframe uptrend BULL W time frame uptrend BULL 200WMA acted as support BULL PMI German below 50 BEAR MACD W bulls gaining momentum BULL RSI value above trendline BULL FIB retracement acts as support BULL FIB extension acts as price target BULL US10Y-US02Y inversion leads to US recession AFTER 2-2.5 years BULL EXANTE is a broker for professionals. Direct...
Looks like this is getting away from our ideal entry level. However, it looks a good candidate to buy on dips on the short term. Trade Idea Broken out of the Head and Shoulders formation to the upside. Positive overnight flows lead to an expectation of a firm open this morning. Price action looks to be forming a bottom. Bespoke support is located at...
Check out my opinions on my last post on the Spanish IBEX. The same macro and fundamental analysis applies. The German Dax is also showing us an interesting head and shoulders pattern and a potential break out here.
Testing the neckline today, expected bounce from it before continuation. Great for early entry if you did not go long this morning when rally started. Good Luck!
Bearish Head & Shoulders on $DAX This is a representation of the German economy, like the $DJI for the US economy. Price is currently holding at the trend line support. A break below would be a continuation of a downtrend caused by such a pattern. see more at: cryptoplanet.cash instagram: www.instagram.com telegram chat: bit.ly
Daily chart shows inverse H&S pattern forming, divergence on indicators. MPO could take us back to the broken daily uptrend line. Ideal option would be to see another low on smaller time frame to buy with a better risk reward. This suggests that markets in Europe should bounce next week. Perhaps as summer ends and investors get back from holidays we shall see...
Dax uptrend continuation Resistence reached Expected conter trend to higher low
If you entered a short around 750 level, you can hold 1 of them towards the trendline below.
Trade Idea Broken out of the Head and Shoulders formation to the downside. We have a 38.2% Fibonacci pullback level of 11773 from 12598 to 11263. The trend of higher lows is located at 11761. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies. We look to Sell at 11770 Stop: 11820 Target 1: ...
The last session of the previous week did not offer something really interesting. Our support at 11 716 did not work as a point of reflection, but rather as a place where the market slowed down for several hours. Today we are opening with a long gap. Important zones Resistance: 11 899, 12 031 Support: trend line Statistics for today Detailed statistics in...
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...