the number of positive reports in the euro zone yesterday increased the price up to the level 12840, now with RSI in overbought sought sought below 12730, and with the same objectives set, Remember capital management
As we see, DAX already broke the channel resistance but seems to be preparing for consolidation zone. Still unclear. Movement too close to the starting point, so slightly bullish, but no longer out of risk, so at any time we can see a completely different scenario. It is completely out of mind that the world is being ruled through twitter for these days. ...
Here is a fun (and ambitious) call for all three trade elements - price, direction, AND timing of the DAX - here goes! 1. 11900 is the recent support, and now the floor for a head & shoulders pattern clearly forming 2. 12900 is the key resistance level; that is the high of the 'left shoulder', and the floor when prices were trading at the 'head'. If a 'right...
Hi traders. Feel's BULLISH to me, with on going of wave 5. SPX support US and weak EURO to. RSI bullish. Green Dot on WT_CROSS_LB indicator. Drive sfae EURo will meet 200 MA - GREEN line -- SHoRT EURO = LONG DAX SPX - Bull Rsi - long call was perfect @ the 61.8% retrace
Ger30 is at supply along with a .618 retracement.
supply zone hit the 618 level on the retracement. looking for a short
The price has break out from the channel is looking at a possible upside after a retracement.
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We have a 5-0 pattern followed by a bearish AB=CD structure, close to 50% retracement. Prices are currently testing the D point. If it breaks upward, it will quickly rally up to 88.6% (13400) If AB=CD effectively rejects, then it will fall like a rock.
not very confident about this expanded flat count but it is possible. if the rally from 11726.6 is the first wave of final 5, we should expect another wave ii pullback that may offer opportunity to trade for the upside.