It looks like the german index is confirming a cup and handle set up at the moment. The goal would be at around 14500. Just my opinion so make your own research and like always May the markets be with you
Hi Guys, I've just seen a tweet from @PeterBrandt (twitter.com) that shows a "common bottom". Well, in week9 - beginning week10; Gold made a "common bottom" XAB. What happened next is an attempt to regain and consolidate above 1300 throughout week10. At the moment BD are higher lows and AC are higher highs. RSI just above 50. Gold squeezed between 200 (support)...
Hi Guys, if you drag backwards the above chart you will find LS in week4. LS (left shoulder) week4 H (head) week7 RS (right shoulder) week10 IMPORTANT: RS was the idea, opportunities were along the way. At 1310 Gold will start facing resistance. Be carefull. For a complete picture please refer to my post dated March 10 in the related ideas linked below (GOLD:...
Miss calculated previous head and shoulders, didn't spot the cheeky little right shoulder. ETH has made yet another head and shoulders with yet another unrealistic target. Raised appropriately. Once the buy zone is reached I am expecting push for downtrend resistance in the green box, top right corner. Will update when the time...
#ZIL has respected classical charting patterns very nicely. Right now we see ZIL falling below an ascending line and is looking to find support. We have 3 minor supports drawn and 1 major. I doubt we fall below the second support but if we do I am prepared. Wait for a breakout of this downtrend line.