GER40 - Intraday Price action continues to trade around the all-time highs. There is no clear indication that the upward move is coming to an end. The bullish engulfing candle on the 4 hour chart the positive for sentiment. The bias is to break to the upside. The primary trend remains bullish. We look to Buy a break of 16351 (stop at 16251) Our profit...
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for both a long and a short trade.
Nice rebound at the yellow rectangle. The retracement wave was quite parallel to the blue line but a little offset. Pending future coincidences if any left. In the future.
DAX is on the 4th green 1day candle in a row, extending the spot on buy entry we gave 2 weeks ago exactly at the bottom. The 1day RSI is on balance bullish levels (62.31) and shows still upside potential while there is still room left before the Channel Up makes a Higher High. That will be at a +6.30% rise from the Low, as previously taken place. Target remains...
Looking for upside resumption on the DAX to complete wave (v) of {i}. If I am correct we should be moving higher soon
GER30 closed above a key horizontal level and has grabbed sellside liquidity. Expect price to grow high. Buy!
The index looks to have completed a bullish Elliott Wave count (5 waves). The move lower from yesterday's swing high is mixed, common in corrective formations. Bespoke support today is located at 16,081. This is also the previous swing low from Tuesday the 13th of June. A projected support level from a cypher pattern known as a Bat formation, is seen at 16,087....
GER40 - 24h expiry We are trading at overbought extremes. Price action continues to trade around the all-time highs. The previous swing high is located at 16333. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Rallies should be capped by yesterday's high. Bespoke resistance is located at 16300. We look...
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for both a long and a short trade.
Hello everyone I want share my idea on GER30. End of the week we have positive situation, on 1 week chart trend is so strong and clear uptrend, after big move price stopped above of Week support but in this week we saw 2 big and strong rejection from that LVL, at the moment on closed market its stopped on resistance but I am absolutely bullish GER30, here is my...
Short Term Elliott Wave View in DAX suggests the rally from 3.20.2023 low is in progress as a 5 waves impulse. Up from 3.20.2023 low, wave 1 ended at 15298.49 and pullback in wave 2 ended at 14809.82. Index then extends higher in wave 3 towards 16331.94. Pullback in wave 4 is unfolding as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at...
Here is a schematic view of what I was able to see in today's chart. These are all Al Brooks concepts.
DAX formed two powerful patterns. The bigger one was a Falling Wedge & the smaller one was a Reverse Cup & Handle (Which I believed I made up, in case you go Google and not find it :P) The price broke up and headed straight to the top of the wedge which is a decent target for the pattern. 7 >21 >200 Target hit at 16,333 Now this trade was a tough one...
For those who dare, take it a step further! The mark of 16,400 is significant for the banks because many trading instruments will expire there, and no later than 8 p.m. German time, there could be another push upwards
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for a short trade.
Dax long term analysis Currently price is at resistance We either sell or buy if it breaks out but for now we sell and put a stoploss because it did not breakout yet
HTF is indicating Reversal Signal with confluences as... HTF Double Tops, Ascending Channel Therefore price instead of pushing down impulsively, I'm seeing the price evolving in the LTF into a LTF Double Tops within the HTF Double Tops. I do understand that the price can fail to respect this LTF Double Tops whilst evolve into new structures. However I am...
The market is currently at the resistance giving us a chance to sell, however you can use your stoploss as a breakout or a chance to enter your buy positions but for now we are SELLING , Use my bearish position to guide you, add more sell positions under my rectangle at entry