✅DAX has been falling recently
And the stock seems locally oversold
So as the price is approaching a horizontal support of 15,643
A Local Price growth is to be expected
LONG🚀
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DAX is dropping and this is why;
- We come from a double top zone that has previously been a double.
- As you know an ascending channel is a reversal partten to the upside.
Drop down to smaller frame to see more.
DAX turned technically bearish on the 1D time frame (RSI = 42.479, MACD = 3.900, ADX = 32.769) with the RSI approaching the lows of March 17th. This is our first long term buy entry as the price is not only at the bottom of the (blue) short term Channel Up but also testing the 1D MA100 for the first time since March 20th.
If the price closes a 1D candle under the...
We discuss four scenarios that could play out today. We see an opportunity for a long trade but traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Last Friday, market sold off after Thursday's somewhat bearish close. It sold perfectly to support before an equally fast recovery. Market closed near the mid point.
Weekly chart looks bearish with price below weekly BZ. Also, looking at how the monthly candle at this point of time, my thought was that if price trades below May's low, that could trigger...
This shows a huge rising wedge alongside what appears to be a full supercyclical wave count.
Alternative counts exist for this but the primary one of interest still puts the DAX on a Wave 4 endpont with the potential to be cut in half.
I'm sceptical of thse however because as you can see we have an enormous RSI divergence from the 2000-era boom to present along...
We discuss three scenarios that could play out today. We see an opportunity for a long trade but traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
GER30
expecting the market to hold on the current price and drop to take out the LQ and trade in that Demand zone and rali back Up and drop massively again
I am looking at the possibility of a potential flat in wave 2 as we keep falling in what could be a wave {c}. Equality of wave {c} vs.{a} is where I would like to start seeing some support and that would be at the beginning of the golden box.
Feel free to ask question, trade safe!
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for a long trade.
GER40 - 24h expiry
Offers ample risk/reward to buy at the market.
The primary trend remains bullish.
The 1 day moving average should provide support at 15923.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Bespoke support is located at 15900.
We look to Buy at 15902 (stop at 15802)
Our profit targets...
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for a short trade.
