Hi guys, This is my first post regarding any indices or stocks as I was performing some back-testing of pattern formations on them. This is a bearish CYPHER pattern @ 10014 and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% retracement levels. IF/WHEN first targets are met, half of...
- Overall indicators have not shown any divergence and price action has yet confirmed - It will be interesting to see how strong this support is at 9800 - 9800 level fits with 61.8% fib and gap fill
Picture explains the most, if any questions, just ask in the comments
For my opinion , GER30, From The lowest from Feb 2016, Then Back to 10.520, Now As R at Weekly chart, Now GER30 easy to TEST 9.47X to form Two Bottoms Here .
DAX at it again -: About to surge... eyeing : 10298
Notes on chart. Just to keep in mind, even if some bullish bounces happen along the way.
Reach for the top of the channel, then sell in may-get away
DAX On the rise and only EU crisis can stop Mr. DAX - other than that? DAX will soar so much more that the investors wont believe what they see:)
we might see the ear formation again. Maybe Price is hitting his lower ear. Beware if Yellen and Draghi have some more sweets than our dog pattern might jump and we hit the upper band of his ear.