In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
After Sharp decline due to several reasons (mainly leaded by COVID) the main German Index dis an impressive revovery. But not supported in many factors, even no evident fundamental reasons. German Industries still fighting with strong energy prices, lower produstion in automobiles/automotives with strongest contest to chinese markets. All in all: Expect near...
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. ----------------------------------------------------- Wall Street (Daily) The flat trendline positioned around 35,660, along with the VWAP's bullish signal and the bullish Harami...
We are at a resistance level, a upward trendline was broken and a rejection candle just formed. If it should close downwards I can sell and put my stops right above that level.
Second tentative for a swing short on the german index WIll look at increasing position with a daily close below 15600 The transition from an uptrend to a downtrend takes usually some times, will look at compouding/building the position between 16000 & 16200 if given On a more fundamental note, market participants seem seducted by the FED pivot narrative, which...
DAX extended its almost 1 month rise and is about to hit Resistance (1) at 16065. We've had two rejections there in August. Over this Resistance lies the 0.786 Fibonacci retracement level, a key technical Resistance during recovery rallies. Besides those obvious bearish bias, the current rally can be compared to the pattern from March 7th to May 19th, which ended...
European equity markets, especially the German DAX, are poised with a bullish sentiment despite concerns about a potential economic slowdown in 2024. Analysts surveyed anticipate a moderate increase in European benchmarks, projecting a 4.1% rise for the pan-European STOXX 600 index and a 2.5% increase for the Euro STOXX 50 index by the end of next year. Amid...
Currently unfolding V Wave On H4 DAX. I'll watch for end of V Wave, I would like to see divergence on RSI and 5Waves with overlap as end of impulsive wave V. If you play longs on lower TFs be carefull for overlaps and watch out for dump on the end of V. Also keep in mind Invalidation levels. More info in Chart
German 40 had a clear uptrnd because Ger40 is constantly making HH and HL
This the Indices Leader, Expecting breakout of these Level and will see other indices follow through: 10YR:BULLISH TREND 9M:1-2 RTM NOTE: 2M PIN BALL
towards 16032, what are your thoughts? i see a pennet breakout with volume , previous volume supports the long trend, all rsi bullish.
There are some similarities between the upwards move in April and the current Dax movements. Thus the long story may not be over yet. But this has to be observed, thus neutral.
DE30EUR - 24h expiry Posted Mixed Daily results for the last 2 days. Overnight losses have been limited. We are trading at overbought extremes. There is no clear indication that the upward move is coming to an end. 15956 has been pivotal. A break of the recent high at 15956 should result in a further move higher. The bias is to break to the upside. We...
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
The DAX shows a Wolve Wave with target around 15600, which is also an important Fibo and multi Top area.
Diagonal to complete final wave 5. All 3-count waves.
DAX is forming a large Diagonal. 3rd wave, ABC formation, wave C seems started after expanding triangle, wave B, completed by the last wave Ⓔ truncated.
ger30 overview trading away for premium price range , gaining liquidity . outlook overall bearish due to sessions changing and sessional cost of in commodes are impacted such gas and clothing .