Price is in a bullish momentum currently, and could push towards our sell entry at 15984.5, which is an overlap resistance level, complemented by the 100% fibo projection and 127.2% fibo extension. Our stop loss is at 16133.8, which is above the 61.8% fibo retracement and 161.8% fibo extension. Take profit is at 15812.2, which is an overlap support. High Risk...
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
GER40 - 24h expiry Short term bias has turned positive. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. We look to buy dips. Bespoke support is located at 15700. The lack of interest is a concern for bears. We look to Buy at 15711 (stop at 15611) Our profit targets will be...
It's a Long way to go but the shorts might hit maybe on Wednesday because the market has Broken our daily trend line and Now to confirm we need a Retest below it.....open for discussion.
Enjoy the setup with SL and Sure TP as well Hope this proves that we can be sure about magnet 🧲 candle
Price could potentially reach our sell entry at 15821.07, which is an overlap resistance level, and there is also multiple fibo confluences as well. There is a 78.6% fibo retracement and 61.8% fibo projection, which shows that this area could show signs of a reversal. Our stop loss is at 15909.2, which is above the swing high resistance where the long wick was...
An expanding top pattern, also known as a broadening top or megaphone pattern. It is characterized by a series of higher highs and lower lows, resulting in the formation of two divergent trendlines that gradually move apart from each other. This pattern indicates increasing volatility and uncertainty in the market. Key characteristics of an expanding top...
Amazing over extended price if we manage to reach that blue ob on the top , over etending previous friday high
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
GERMAN 30,expecting the market to take th liquidity above these highs into that supply zone and selll
last week the price managed to form a new HH and at the close it looks corrected. the chances are that the price will still have a limited downside before continuing bullish.
✅DAX broke the rising Support line retested it And is now going down again So I am bearish biased and I think the price will go down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
View On German Index DAX (23 Aug 2023) DAX is in * Bullish in short term (Intraweek) * Bearish in Mid term (1 to 3 months) * Neutral Long term (3 months onward) DAX is the wild big swing recently from 15,500 to 16,500 recently. Basically it is a 1,000 swing and it has hit the support of 15,500 region for the second time in 2 months. We are currently...
Looking for a retracement on ger30 at 15684, Based on the structure ger30 has been creating this past week it seems the up coming week we might see some more downside momentum unless price breaks above 15844.
Pivot: 15715.00 Our preference: short positions below 15715.00 with targets at 15510.00 & 15500.00 in extension. Alternative scenario: above 15715.00 look for further upside with 15790.00 & 15855.00 as targets. Comment: the RSI calls for a new downleg
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
Pivot: 15780.00 Our preference: long positions above 15780.00 with targets at 15935.00 & 16010.00 in extension. Alternative scenario: below 15780.00 look for further downside with 15715.00 & 15620.00 as targets. Comment: the RSI is bullish and calls for further advance.