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...
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.
Something I was observing for, but didn't enter.
One way to trade Gartleys is to enter directly at the 78% retracement lever with a stop behind the previous high/low. (Point X) There was no good signal bar at 30 min, 1 hour nor the 2 hour chart so this was a viable way. In this case, one-to-one was already reached.
Larry Pesavento suggests for targets the 38% and...
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...
Favoring a bias short with the price action displayed. Entry based on your preferred technique.
Annotations and my anticipated key levels on the chart.
Once the stop level of 17017 is breached, the idea is invalidated and will be on the sidelines for another opportunity.
As always manage risk and conserve capital.
GER40 - 24h expiry - We look to Buy at 16920 (stop at 16840)
The primary trend remains bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Price action resulted in a new all-time high at 17066.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways...
DAX Index (H4) Analysis
📉 Overview:
Analyzing the DAX index on the H4 timeframe, we observe significant resistance in the range of 17000 - 17100. The price has formed a descending structure, creating lower highs and lower lows.
📊 Key Observations:
Resistance Zone: Strong resistance is evident around 17000 - 17100, where the price encountered notable selling...
