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...
GER30 based on multi timeframes, OB's and IB's. Bearish Outlook
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. This results in two possibilities: we are now working on a wave ((3)) or we are close to finishing a wave ((1)).
DAX (M15): Bearish -DEEP CRAB detected The price could reach 17 145 according to Fibonacci retracements, before falling to 16 875, then 16 690 American PMIs could influence this movement Monitor the 50 and 200 Exponential Moving Averages A BUY put strategy on MARCH or JUNE is possible stay careful
Hello everyone, against all fundamental backdrop the DAX has created a new ATH, which is inline with my elliot wave analysis. To make it short I want to trade against the strong trend movement to catch a correction back to the 16k area . Confirmation will be the break of the current area of 16750 . If you want to scalp this you can just set your SL over the...
DAX hit the HH trendline on a bullish 1D technical outlook (RSI = 59.185, MACD = 53.000, ADX = 25.248) but a Bearish Divergence RSI. The 1D CCI is repeating the May 19th-July 31st 2023 successive peak pattern on the HH that eventually corrected first to the 0.382 Fibonacci level and the 1D MA200 and then under the 0.618 Fibonacci level. Consequently, a crossing...
Most analysts and traders are looking for traditional charting tools when looking for a trade opportunity. However, looking at charts differently can bring up valuable information. After all, the whole idea of analyzing price charts is to predict the next market move based on the behavior of the masses, which is reflected in the price chart action. Long story...
Good evening and i hope you are well. My bearish outlook or at least i gave the higher odds to the bears was wrong and bulls just kept buying everything today. Tomorrow is Opex and all markets are at big resistances again after beginning the week with a selloff. Tomorrow has the potential to be wild. I see it as a trading range at the highs and the recent rally...
Significant ATH with a nice wick of the 1H candle left. Bad fundamentals for EU this morning. Correction time. 1:10 RR. Stop loss a bit above the high as sometimes bigger shadows are created, plus we have an event in the afternoon. Good luck
DAX (GER40) could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 17,037.75 Why we like it: There is a pullback resistance level Stop Loss: 17,087.40 Why we like it: There is a pullback resistance level Take Profit: 16,791.05 Why we like it: There is a pullback support that aligns close to...
Expecting a technical followup lower after CPI market dump. Good RR. Short position earn interest thru holding too. Good Luck!
the ger40 indecie broke a strong area on resistance 23 jan 2024, came back to retest on 31st and again13th -14th feb 2024. area 16800.s has turned in to a strong support area. and the current bullish candle shows there is lot of buying entering the markets
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. This results in two possibilities: we are now working on a wave ((3)) or we are close to finishing a wave ((1)).
Anticipating a continuation lower during this session. Annotations and anticipated key levels made in the chart for partials and potential targets. Once the stop level of 16934 level is breached, the idea is invalidated and will be on the sidelines for a new opportunity. As usual, manage risk appropriately and conserve capital.
GER30 is on an uptrend and could break the overlap resistance and rise to take profit level. Buy entry is at 16887.34 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 16805.33 which is an overlap support level. Take profit is at 17063.79 is the swing-high resistance level. High Risk Investment...
Hit one SL today, now entering a second time. Rejection from High. Fundamentally report that does not favor indexes going up. Taking things from there. RR 1:8
DAX 40: BEARISH engulfing detected. The EMA.50 and EMA.200 are still potential targets the market and overbought is this the end of recess??!! be careful !
Anticipating and favoring a bias long with the target 17074. once momentum shifts. Annotation and my anticipated key levels are on the chart. Once the level of 16890 is breached, the idea is invalidated and will be on the sidelines for another opportunity. As usual, manage risk appropriately and conserve capital.