We will be looking for buying opportunities when the market reach the Uptrending Support of the bullish trend
DE trade set up idea for 28Jan - 2FEB Looking to buy on DZ 1h & over
DE30 Analysis for 29-2 FEB Strongly buy wait for zone h1 & over
Good morning and i hope you are well. This week bulls took over again and nasdaq e-mini futures printed a new all time high. After last Thursday and Friday, which gave good looking buy signals, this weeks follow through was expected. As mentioned during the week, i don’t expect much higher prices and that we will form a top here before we trade down over the next...
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. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
As you may noticed, after reaching the round 17k level, the DAX reacted more corrective than usual and fell back to the trend line. If you want to get in a short position, you can look for the trend line to be broken and retestet. This move could be interpreted as a 1, 2 setup for a decline back to the 16k area.
Trying this buy. Good risk/reward. Probable trend reversal. I go in staggered on the 2 fibonacci levels, with same stack, trying to optimize entry. Do your own research. No financial advice. Be cautious.
✅DAX is trading in an Uptrend and the index has Formed an opening wedge Pattern so IF we see a Bullish breakout then we Will be expecting a Further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
A strong daily bullish close above the bull flag resistance would signal bullish rally continuation.
A countertrend on H1 was broken by a nice trigger candle that is visible on H4 as well, near the all-time high. At the moment, this long impulse's correction on H1 is valid, but if it breaks before the H4 TREND and the Daily TREND is broken, we can witness a very nice move towards the target zone.
Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
Price rallied up yesterday after the London Sessions following high impact news drivers. I'm anticipating a retracement lower to possible correct the move higher, and a possible reversal later in the day. Targeting the lows and taking partials at the annotated key levels and the consolidation area. Annotations and stops made in the chart. As usual, manage risk...
- German economy is not in its best condition ever, no signals for rapid change in this matter - hiper optimism is still present out there and no signals it is going anywhere - technical levels work only if many traders observe them, - technical levels dont work if traders just buy without giving it a single thought - which is happening right now - thus this...
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. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
Anticipating a move lower to the anticipated targets. Stop at 16812.1 Key anticipation: we have several news drivers in the London Session which could possibly prompt as reversal. Annotations made in the chart. Once the stop level of 16812.1 is taken, the idea is invalidated. As always, manage risk and conserve capital.
A strong bull breakout could interest buyers for bull run continuation.
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. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
Index futures held their ground overnight, and the US dollar's rally is showing signs of near-term exhaustion. And that indicates a subtle change in sentiment ahead of today's open. The DAX found support at its 50day EMA on Wednesday, which is just above the 2021 high. Given a small-ranged bullish hammer formed alongside higher volume suggests a 'change in...