In this video update, we take a look at the stock markets and in particular the Dax.
Price is approaching the inverse head and shoulders neckline once again where price could
find support. Look for bullish price action here for a long opportunity into the daily lows.
We have trade talks between China and US today and markets are waiting. A bit more positive bias though as China said it is ready for partial deals yesterday.
A break of resistance and 200SMA is more on the positive side of the talks. And negative results will cause a sell off.
Possible cup and handel pattern. Buy zone colored green, Tp colored blue.
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Un es esmu forex traderris no Latvijas un mekleju biedrus, kas butu ar...
As we expected the DAX 30 completed its Bearish Flag Pattern breaking lower last Tuesday, October 1st below the bottom trend line of the pattern. This was on the back of the “not-so-spicy” BREXIT deal made by the U.K. Prime Minister, and Parliaments enraged responses to him as well. The offer made to the Euro was underwhelmingly received, the Parliament feel that...
DAX 30 had big bearish wave ( we gain all wave past week +620 pips)
up correction continue till 50% Fibonacci @ 12140.0
DAX30 already has strong supply and demand area at the same level
Price rejected also by 100 MA exactly at the same level
MACD show BEARISH Signal on H1 chart
Halted at minor support area with high volume.
Overextended pull-down through major support.
Forming a accumulation zone.
This is for the next trading week.
After the large pull-down I'm looking for an entry long. I'm wary that we are in a long term downtrend hence my plan shows points of resistance where price might react violently. Especially at the 12055 area...
After the steep bearish movement of the DAX it bounced on MA200 on Daily and created a bullish pinbar. On the 4h you can see that it is at historical resistance (from early september). it seems to be pushing up into the resistance and the RSI suggest bullish momentum. A break above 1200 could mean a bullish move up to MA200 on 4h or even up to historical...
The German DAX 30 has is soon reaching a decision point in its correction. It closed up half up Thursday at half a percent before drying up friday with a small +0.03% gain. After it’s the completion of the inverse head & shoulders pattern, I believe we can now see a completed Bear Flag Pattern coupled with a double top. Analyst believes the positive news of...