H4 - Bullish convergence.
Currently it looks like a pullback is happening.
No opposite signs.
H1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
GER30
NEW forecast
Hello everyone, The price was failed, declined and stabilized under a motive force line which is 15130
so trading under that line will support the price to get 15020
maybe, after the price reached that line, like retest, from there again will start to be uptrend till 15130 and continue in uptrend
closing 4H candle above 15130, It will back...
Yesterday's plan worked to almost perfection () as it hit my sell limit at exactly 15226 before selling down over 100points. Did not hit my target though before the bounce.
As mentioned yesterday, DAX is somewhat weak and only one I said to look for shorts in and truly, it was much weak even when US indices was somewhat strong.
Overall, yesterday was a small...
Confluence
1. Daily Ichimoku Conversion line below the base line indicating for bearish direction.
2. Weekly Ichimoku also suggest bearish nature
2. 61.8% Retracement co-inside with trend line.
3. The situation in the Middle East can get worse which might push stocks down.
GER30
NEW Forecast
The price did their retest and now will start to reversed to up again
the price is trading above resistance line which is 15155, so as long as treading above that zone, it will get the next target 15275.
otherwise, if fall and stabilized under 15155 also under it 15020, gradually losing its positive momentum clearly to support the...
GER30
NEW forecast
Yesterday, the price came under strong positive pressure after The Federal Reserve fixes interest rates, as expected, at a range of 5.25% - 5.50%, which is the highest in 22 years, so the price rises till 15130 and for now from there may be to do retest till 15020, and again will rise to get 15130 and 15230
stability under 15020 and under...
There is a pattern on H4 and H1, There are multiple tops wit divergence, and the market sentiment for next weeks seems like it has to fall, this trade is with the daily trend so it should fall to the bottom.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure.
- DAX rallied on the dovish Powell's conference
- The price hit the resistance cluster at 1:1 + FR 61.8% + down-trend line
- The fundamentals are still not very encouraging
- Geopolitics don't help
The short-term Elliott wave view in the DAX suggests that the index has ended the cycle from the 31 July 2023 peak as a leading diagonal structure in a higher degree corrective sequence. Whereas the decline to 15468 low ended wave 1, wave 2 ended at 16042 high. Wave 3 ended at 14948 low & wave 4 ended at 15575 high. Down from there, wave 5 unfolded in a lesser...
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure.
Target achieved on DAX (chart at the end) as the price made a straight rebound at the bottom of the Channel Down. The 1D technical outlook is neutral (RSi = 52.756, MACD = -158.600, ADX = 30.783) and being that close to the 1D MA50 without being bullish already, makes a short term pullback possible. On the long term, we expect a bullish breakout over the Channel...
POV
1. Right now, it's uptrend to my sell zone above, looking for the buy side to sell zone above.
2. I got 2 zones, the first is 14932.64-14871.08(quite risk), and the second is 14757.67-14637.78 (recommence)
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In the higher time frame, we are working on a wave ((2)) correction down. The primary scenario is now suggesting that wave ((2)) is unfolding as an ABC. The five waves down from the ATH might also indicate a bearish expanded flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete. We didn't get our move down yet so the...
GER30
NEW forecast
now the price trying to be down, stable above 14810 will be rise otherwise under it will be fall till 14700 or from there again will rise
Today we have important news, so be careful about the strong movement
