On the above monthly chart price action has grown 200% since May 2020. A number of reasons now exist to consider a cautious outlook. They include: 1) Bearish divergence. 5 oscillators now print negative divergence with price action as measured over an annual period. This measurement is equivalent to previous corrections. 2) Three rising wedges are shown. The age...
Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The Index extended higher in wave (3) towards 18567.16 as the 1 hour chart below shows. Down from there, wave (4) unfolded as a double three Elliott Wave structure. Down...
✅DAX is trading in an Uptrend and the index Broke out of the falling Wedge pattern so our Bullish bias is reinforced And we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Bayer was trending down for last almost a year. Now it's seems to draw the double botton. Stock found the support, bounce twice and seems to be recovering. Moreover, the dividend is incomingin near future what could boost the price additionally. this is not a recomendation, only my guess what could happen
ZALANDO making a breakout of a two resistance, a nice bullish divergence working out aswell, looking forward for a higher high or a retracement to 10 usd to buy. Selling in 44 or holding until 80 usd.
Volkswagen AG is currently a highly interesting stock for us, especially given that it is a massive enterprise and the European market has seen significant sell-offs, in contrast to most American automakers which remain relatively high. However, it's important to note that automakers are typically quite volatile. If not for the high dividend yield, which currently...
After a nervous start and breaking through the previous day's low (17716) and the lower Bouhmidi bands (17678), a relaxation in the form of a reversal towards the range of the previous day is emerging around noon. This is initially a positive sign! The next intraday targets are: If defending the previous day's low: 17761/17863/17996 If falling below the previous...
German DAX has pulled back to the 50d sma and 38% retrace of the move up of the last few months (since last time it touched 50d sma). Looks like we may get another leg higher despite the clear lack of supportive fundamentals/geopolitics. Think we see 18600-19000 before a bigger effort to correct. Long 17800 tgt 18800 wroong below 17400.
In a heart-stopping financial spectacle, China Tianrui Group Cement Co., ( GETTEX:T18 ) a once-prominent Chinese cement producer, experienced a dizzying descent on the trading floor, with its market value plummeting by a staggering 99% within a mere 15 minutes. The sudden free fall, akin to a financial earthquake, left investors reeling and analysts scrambling...
We seem to have the 20 Region as the short term Target, but staying bullish till 50-55 Region.
The market is on uptrend so it is logical to buy here.
I'm expecting the price to continue to bearish trend initiated. The pullback should be completed. We can see that Liquidity was taken from several inducements and that the price reacted well on supply zone and broke the structure downside. all these events give us good probability for the execution of this analysis.
Anybody could explain to me how to avoid a take profit order being filled on tops of wicks ? In this example I'm backtesting AMD gettex whole history. First of all I think this 900% wick is erroneous data. Then, I activated the option "After order is filled" and I'm backtesting the 1W timeframe. This bug gets triggered often on stop sell orders. I think I...
Disclaimer: This is not a financial advise. RENK is a new IPO for German defense industry however the company was found in 1873 in Augsburg. They produce back-bone parts of the German 21st century mighty war machine "Leopard 2". Also have to note here, that Germany is about to pour in billions of euros for producing armed vehicles and RENK produces most...
Last year in September, we analyzed Porsche's stock following its 2022 initial public offering. At the time, we noted Porsche's shares had great prospects in the long term and viewed a potential pullback in price as a great opportunity to buy this stock at relatively reasonable prices (judging by Porsche’s performance during its short life span on the exchange)....
DAX is following the monthly triangle pattern now going to test the higher pattern linen(Tl) so a resistance level for the time being, it depends upon how market reacts here as it is a rising tl ( dynamic) so new and higher level every month will post possible monthly and weekly levels in the comment section
Cycle from 10.23.20223 low in DAX is in progress as an impulse Ellliott Wave structure. Up from there, wave 1 ended at 17003.28 and wave 2 pullback ended at 16345.02. The Index rallied higher again in wave 3 towards 18567.16. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 18275.94 and wave...