We mentioned it in our analysis yesterday that previous days signalled a bearish correction and could further support sellers. This turned out valid and Dax headed south. The price even broke the support at 12 151 and almost reached the next support at 11 734. Important zones Resistance: 12 151 Support: 11 734 Statistics for today Detailed statistics in...
Yesterday's session started with another sell-off and market participants closed the gap and retested the support at 12 494. The price then bounced back up but buyers were not strong enough to take Dax higher. The session closed at its daily low, right at the support zone of 12 494. Important zones Resistance: 12 494 Support: 12 151 Statistics for today...
A couple of times already, we mentioned that a correction is inevitable. That's exactly what we saw yesterday and our uptrend continuation bias along with the statistical probability of breaking previous day's High hadn't happened. Dax reacted with the sell-off right after the open and in correlation with the risk-off sentiment across the board. The downfall was...
Yesterday's price action has, again, brought great profiting opportunities and Dax added another day to its bullish uptrend, even though the daily range was relatively standard. Right with the open of the European session, the price retested VPOC from Friday and continued consistently towards our resistance of 12 882 where it exemplarily bounced back lower and we...
Welcome to the new trading week. Our analysis on Friday turned out very successful, again. According to our statistical application, we saw the closure outside of the previous day range as this hypothesis had a high statistical probability. Dax continued in its bullish traction all the way towards the resistance level at 12 882 and the NFP print helped...
As we can see on the M15 chart the price creates a new demand below. The current momentum is bullish and therefore this new demand seems like a great continuation level for buy position. I'll buy at this demand on the first touch of the price.
These are the next critical key levels to look for intraday positions on GBP/USD. As we can see the price is bullish at the moment and it seems the price on its way to reaching the supply above. The demand below seems like a great continuation level for a buy position and if the price retrace that demand I'll buy there. The supply above is a great level for sell...
After this significant uptrend, I preferred to wait for a reversal signal. I'll wait for the price to break out the demand below and if that happened I'll look for a price action setup to sell the USOIL. The target for this position will be demand 2 at the bottom. This position is relevant for intraday traders
As we can see in the M15 chart the price created a new demand below, This demand seems like a great continuation level for the bullish momentum. I'll buy on the first touch of the price and the final target for this buy position will be 1.2320 zones.
As we can see the GBP/USD created a new supply above. The current momentum is bearish and therefore this supply seems like a great level for sell position as a continuation trade. The target will be the support at the bottom.
The supply above seems like a new fresh one. It's a great level for sell position as a continuation trade. I'll sell at this supply at the first touch of the price.
The demand below is a great level for buy position as a continuation position, It seems the price on its way to reaching the resistance above. I'll buy at the demand and the target will be the resistance.
In the M30 chart, we can see that price between two critical levels. The supply above is the next level to look for a sell position. And the demand below is the next level to look for buy position.
In this M30 chart, we can see that the price created a fresh demand below a few hours ago. This demand seems like a great level for intraday buy position, I'll buy at this demand. The target will be the supply above.
As we can see in the H1 chart, the price is just between two critical levels which both great for positions. The supply above seems like a great level for sell position. The demand below which created just lately is a great level for buy position.
Breaking out the resistance above will indicate the price tends to reach the supply above. If the price will break the resistance I'll look for price action setup for buy position. The final target for this buy position will be the supply above.
As we can see in this H4 chart, the GBP/USD price created a new supply above earlier today. It seems like a great level for sell position as a for swing traders. If the price retraces that supply I'll sell there and the final target for this position will be the support below.
As we can see, the SPX500 price created engulfing candlestick pattern. We can see how the last trading day engulfed the previous one. It indicates for reversal opportunity. I'll look for sell position at 3318.00 zones. The first target will be the support level below and the final target is the demand at the bottom.