Good Evening and I hope you are well.
overall market comment
Markets went mostly flat today. Nasdaq printed a new ath on another low volume day. Unless markets strongly break above the highs or lows, very uneventful price action. Play the range until it clearly is not working anymore. SP500 printed a tripple top now and selling it again is a reasonable trade.
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Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves
Support & Resistance are set by the...
Note: Note that GR40 has been a relative strength leader above all other Index
Note same pattern is playing for all the index:
Dow, Nasdaq, S&P..
Currently broke and trading above the Friday bar, expecting continuation this Week
dax cfd
Quote from last week:
bull case: Bears gave up since Monday and we melted 800 points higher. I got 2 measured move targets above, 19280 and 19650. Technically we should see a pull-back first and depending on how deep it is, we can calculate new targets. I think next week everything will be determined by the PPI and CPI prints. If they come in low, I...
Price has been bullish majority of 2024. Posted my initial buy idea in "GER30 W BUY IDEA 2/2/24" post.
Looking for the Daily to have a correction before continuing bullish.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Le Dax est Bullish pour un moment, nous devons donc chercher des positions long dans un premier temps.
Le FVG Daily ci-dessous est également intéressant pour le prix.
Donc il faut agire aec prudence et rester dans les HTF
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The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss...
Highlights : German 30 index
Prediction : Bullish
Longevity : 3 weeks
Targets : PSTG 1 & 2
Rejection Zone hit : 100% Retest and hit more than two times
Current Situation: Waiting for PSTG 2 to be hit, then, again, waiting for the pattern to be complete.
Here you can see what happens when you take the correct entry and manage it by following the rules....
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We shared these trades yesterday as well - see my publish history on all the post we do for you here in tradingview.
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and Yet this move is far from over
My final log target is still 8000 points away.
We are witnessing #Fiat melt away in front of our eyes.
Are you actually making money is the real question?
#gold #silver #bitcoin
Selling Ger40. this is an extreme trade idea please do not take it unless you understand the logic. looks great to me for a setup to the downside . lets see whow this plays out
The DAX (GER30) could fall towards a pullback support and potentially bounce off this level to climb higher to extend the bullish momentum.
Buy entry is at 18,486.50 which is a pullback support.
Stop loss is at 18,400.00 which is a level that lies underneath a pullback support.
Take profit is at 18,711.28 which is a resistance that aligns with the 100.0%...
GER40 /German 40 Index - Near To a Strong Resistance Zone
Ger40 is testing a strong monthly zone increasing the chances of a bearish correction over the next few days.
It is a very risky trade as we still do not have any clear confirmation.
However, given the importance of this area, it is likely that the bears may rise in number by pushing the price...
DAX40 H4
Something new added to the watchlist here as we see DAX40 index fund trading around ATH price. This ATH price also ties in nicely with our 18500 psychological price. A good area of confluence.
We have also extended in excess of 600 points to the upside, without any real corrective play. Eyes peeled for some price action exhaustion around this price.
DAX 40 (DE40) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support level.
Pivot: 18,539.83
1st Support: 18,239.12
1st Resistance: 18,700.00
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Technical Analysis for GER40 (DAX/GER40) Bollinger Bands Breakout:
The GER40 (DAX/GER40) is showing signs of a potential breakout from the Bollinger Bands, indicating increased volatility and potential trading opportunities.
Key Levels:
Resistance: The resistance level is identified at 18832.01. This level represents a price point where the upward movement of...
