Expecting a push to the upside , liquidity grab push then a descending push to the Previous Major Support 1. Thus price will Pounce to the Upside Approaching our Major Resistance zone.
DE30EUR has formed and ABCD bullish pattern on its hourly chart.
The price is trading above the entry level EL 14612.7
STP 14467.8
TP1 15022.2 100% SYMMETRY BCD
TP2 15209.7 1272% SYMMETRY BCD
TP3 15457.7 1618% SYMMETRY BCD
Since GERM broke the key level of structure to the downside has finally bounced and began to make a retracement - if we drop to LTF we can see how the retracement is in the form of this rising wedge and looks as though bears are still very much in control due to the weakness of the retracement move. Looking for more downside on this one but first i would like to...
The fact that we clearly closed below the support yesterday, one would expect the price to go down to next level of support, bearing in mind that we might retest the broken level first !! Just my opinion :)
After a weak opening, the #DAX has since recovered from the Ukraine shock. A solid ifo index and a signal from Wolfsburg - #Volkswagen have restored confidence. We tested the upper #BouhmidiBand twice today and reversed back - technically speaking an intraday double top. Want to know more about Bouhmidi-Bands?
Check my Script:
For fundamental issues, market is totally bearish. And we are looking for shorts only. We have identified an 1 Hour Order Block. We have all the confluences we need, observing the price action we will enter the market.
confluences we got:
1. htf bias,
2. ltf bias
3. fundamental analysis,
4. market structure,
Down goes GERM30 as projected in my last update
DAX broke the very important psychological support at $1500 - this is a key breakout that is occurring across all global markets right now and potentially the start of a very large correction in the stock market 📉
Waiting for retracements before we can ape into more shorts - right now the markets are extremely...
LAST down for DAX
we see here that break the fo zone and going to our buy limit so we are waiting for the entry
hold the deal to the top.
and let's watch.
DAX breaks the 14800 pts. which is a key support level. Todays lower Bouhmidi-Band lays exactly there - We might see a reversal with US opening. Want to know more about Bouhmidi-Bands?
Check my Script:
GER40 - Intraday - We look to Sell at 15348 (stop at 15421)
Daily signals are bearish.
Our short term bias remains negative.
Trend line resistance is located at 15360.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 15166 and...
