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Trend direction is set by the slope of the VWAP.
Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves.
Support & Resistance are set by the...
Anticipating a movement higher to the close today. My bias is leaning heavily on the long side.
Observing for a possible shift on lower timeframes for bullish momentum. Expecting momentum Pre-NY Open
Annotations and possible key levels are in the chart with entry on 16904.9.
Idea is invalidated once the protective stop level has been breached.
As usual, manage...
The DAX index wakes up to extremely negative German export data , while the German trade balance for December benefits from Christmas orders. Crucial data is expected this morning: the January PMI in Germany (slight decline expected) and in the Eurozone (expected to remain unchanged). In addition, UK and US PMI could impact the day.
From a technical point of...
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. This results in two possibilities: we are now working on a wave ((3)) or we are close to finishing a wave ((1)).
DAX started today with an opening gap and broke through the previous day's high. However, the leading index showed weakness after failing to conquer the upper #BouhmidiBand and initiated a chartbook Bouhmidi reversal. It looks like the intraday gap may be closed.
Short Term Elliott Wave view in DAX suggests the rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave 1 ended at 17003.28. Wave 2 pullback subdivided into a double three Elliott Wave structure. Down from wave 1, wave ((w)) ended at 16448.71 and wave ((x)) rally ended at 16839.49. Wave ((y)) lower subdivided into a zigzag like...
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
As we saw yesterday when Google dropped -6% and Fed interest stayed the same. Are we seeing first signs of recession starting to fuel up or not? Maybe, maybe not. Anyways, right now on GER40 waiting for a retracement and then looking to execute.
Anticipating a continuation higher following the previous Day's Price Action.
We have had CPI news which has made price sink lower, anticipating that any seller's in profit would be neutralized by price moving higher.
Key anticipation: New York News driver could be the catalyst in price moving higher.
Annotations and key levels are on the chart.
As usual,...
Sharing DAX updated from TTR
DAX had a perfect reversal candle, but still needs to confirm below 16855
We got a monthly inside candle close today.
Weekly has more room to the upside, but a double we have a potential double top formation here
We have a clear negative divergence on the daily level!
We are waiting for ger30 to break point 16928.93..that's going to be our entry point where we will be millking ger30 til point 16518.01..have profitable week
Ger30 was on its higher higher point which the point was 16990 and remember it was never been on that point before since in history of ger30 chart!!..
Looking at my analysis Ger30 it's trying to pull back which our entry is going to be on (16928.93.)
Our 1st to will be on 16834.49 then we will be heading to our second tp will be at point (16781.87) then when it...
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
