There is a high probability that the price will react from here.
In the long run, the stock market is in a downtrend.
However, it can also provide bullish opportunities in the medium and short term.
We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Today there might be an opportunity to enter a new long trade. However, traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Here is my analysis for GER30 on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
It seems as if the German stock market has finally topped out at 16426.50. The reason I say this is due to the following technical factors -
The market has created the 3rd Elliot wave in the supercyle.
The market has taken out the sell side liquidity above 16334.50 where the majority of retail traders have placed their stop losses for sell trades earlier this...
We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Today there might be an opportunity to enter a new long trade. However, traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX hit the 4H MA200 again after a much needed technical pull back that helped at correcting last week's overbought technicals on the 4H time frame (RSI = 48.684, MACD = 21.500, ADX = 34.751). This is a similar structure as early June, when the 4H MA200 (and 0.382 Fibonacci) offered support to a 4 day accumulation phase before the bullish leg made a Higher High on...
We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Overall, the trend is still bullish from w1,d1 & h4. Price has been making HHs & HLs going long and what we're currently seeing on H4 is just a mere retracement when we pull out the fib from our previous HL. H4 rejected our area of interest (AOI) 16078 and closed back above it. The zone 16078 has been used as support & resistance previously & H4 just rejected...
We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Impulse and correction we currently waiting for a correction to the down side then we will be taking our impulse move after which is our buying opportunities
when the market opens we can expect the short term down fall before the market pick up to reach to the top, which is that will be where we can expect a market fall at any time.
DAX40 is about to crash. A BIG short trade is pending its turn.
Germany40 Index (GER40, GRXEUR, GER30) is trapped in a Bearish stance.
Fundamentally, many things are against a Bull-Market at these times, but I mentioned that in my VIX spike idea.
From a Technical Analysis standpoint, well, the picture is much clearer.
Technicals:
* A-B-C Elliott Wave...
GER40 - 24h expiry
Our short term bias remains negative.
The bearish engulfing candle on the weekly chart is negative for sentiment.
Bespoke resistance is located at 16070.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
16081 has been pivotal.
We look to Sell at 16039 (stop at 16139)
Our...
We discuss three scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
