DAX 40: BEARISH engulfing detected.
The EMA.50 and EMA.200 are still potential targets
the market and overbought
is this the end of recess??!!
be careful !
Anticipating and favoring a bias long with the target 17074. once momentum shifts.
Annotation and my anticipated key levels are on the chart.
Once the level of 16890 is breached, the idea is invalidated and will be on the sidelines for another opportunity.
As usual, manage risk appropriately and conserve capital.
Something I was observing for, but didn't enter.
One way to trade Gartleys is to enter directly at the 78% retracement lever with a stop behind the previous high/low. (Point X) There was no good signal bar at 30 min, 1 hour nor the 2 hour chart so this was a viable way. In this case, one-to-one was already reached.
Larry Pesavento suggests for targets the 38% and...
Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
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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...
Favoring a bias short with the price action displayed. Entry based on your preferred technique.
Annotations and my anticipated key levels on the chart.
Once the stop level of 17017 is breached, the idea is invalidated and will be on the sidelines for another opportunity.
As always manage risk and conserve capital.
GER40 - 24h expiry - We look to Buy at 16920 (stop at 16840)
The primary trend remains bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Price action resulted in a new all-time high at 17066.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways...
DAX Index (H4) Analysis
📉 Overview:
Analyzing the DAX index on the H4 timeframe, we observe significant resistance in the range of 17000 - 17100. The price has formed a descending structure, creating lower highs and lower lows.
📊 Key Observations:
Resistance Zone: Strong resistance is evident around 17000 - 17100, where the price encountered notable selling...
Good day and i hope you are well.
Bulls made new all time highs on dax, sp500, nasdaq and the dow (those are the ones i cover, so i don’t care about the rest). Since i don’t think this is the beginning of a new stronger trend, where we rally another 5-10%, all bullish targets are met imo. My focus has now shifted to a change in the character of the market. We had...
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)).
Hello everyone. i want share my idea about Germany index.
i am looking this index long time, it had pretty strong bullish movement but it losing momentum, it took buy side liquidity and coming down. after big and strong year, we see price need new buyers for push up but at the moment sellers winning i think. Today in New York Session we had pretty good third Low...
Entering hoping the reaction from the measured move will allow me to move my stop to breakeven.
Also anticipating the stops behind the previous low will serve as a liquidity boost to move the price upwards.
The risk to reward is just illustrative.
Looking for a continuation lower today with my bias favoring the short side.
Annotations and anticipated key levels on the chart.
Once the stop level of 16994.9 is breached, the idea is invalidated and will be on the sidelines for another opportunity.
Key anticipation: High impact News Driver during the New York Session.
As always manage risk and conserve capital.
Today, I’ll tell you about an amazing research study back from 2019 by a team of Taiwanese researchers, “Assessing the Profitability of Timely Opening Range Breakout on Index Futures Markets.”
Takeaway: The study's results are compelling. Implementing the TORB strategy yielded over 8% annual returns across the tested markets. Remarkably, the TAIEX index...
DAX (FDAX1!) is currently trading at the top (Higher Highs trend-line) of the Channel Up pattern that started on the December 20 2022 Low. This is a more than 1-year trading structure and as long as its stays intact, we should see a rejection below the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line).
Based on the previous declines within...
