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 .
15622 I expect a long swing for ger40 but let's continue monitoring it any other ideas?
Germany 30/40 is in a Distribution phase B, currently price is about to form ST(b) based on Wyckoff phase patterns. I will be expecting a drop as price raided liquidity from the 2022 high forming the UT (upthrust). This is going to be wave 4 based on Elliot Wave. This is may Trading plan in the next coming months and weeks. I will be expecting a last push to the...
I have broken down my prediction from both a fundamental and technical point of view below: Fundamental: The German economy has been one of the largest underperformers in Europe since the invasion of Ukraine by Russia, with its GDP currently still 0.2% behind that of when the invasion first occurred. Economists are currently forecasting a strong recovery in...
After a period of high inflation, there comes a time when the market suffers from recession. The index did not break HH - the peaks of 21 and 23, so it will probably go down again to test the SMA - the moving average indicator, as it was in previous periods. I think we had a local dip now and a slight hump is forming to go down to 13800 levels. Good luck.
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.
DAX turned overbought on the 1D timeframe (RSI = 71.962, MACD = 124.900, ADX = 41.751) as it closed its 9th straight green 1D candle and is approaching the R1 level (16,050). This has been the Resistance since the start of August. The index is in need of a technical pullback otherwise this rally won't be sustainable. We will short next week's opening near the R1...
Here I will document my trades to keep track of them and ask you to comment. The trades are based on a spreadsheet that combines common trading approaches. In the next posts I will explain them in detail. At the moment I have a combined result of +0.41. That triggers a signal long. Signal +0.41 DAX Long
DE30EUR - intraday There is no clear indication that the upward move is coming to an end. A Doji style candle has been posted from the high. A lower correction is expected. Preferred trade is to buy on dips. 20 4hour EMA is at 15694. We look to Buy at 15705 (stop at 15605) Our profit targets will be 15955 and 16005 Resistance: 15869 / 15900 /...
Here I will document my trades to keep track of them and ask you to comment. The trades are based on a spreadsheet that combines common trading approaches. In the next posts I will explain them in detail. At the moment I have a combined result of -0.37. That triggers a signal short.
Strong bullish price activity displaying irrational exuberance. Be prepared for reversion by using trailing stop entry
At the open we sew a run-up on raising volume and then the whole morning we see consolidating on minimal volume. For those of you who are fans of indicators - Stochastic is not in a good position for a long, but in case some reverse divergence forms later on the 15 min or the 30 min that will add up to the odds for an explosive move up. If I see a breakout out...
The DAX (GER30) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 15654.35 which is an overlap resistance. Stop loss is at 15825.00 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level. Take profit is at 15349.03 which is an overlap support. High...
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.
We broke out of the bearish flag and gave us a continuation correction to the upside so we entered after the correction
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.