Pattern: Rising wedge
The pattern is already confirmed on US30 and Ger30 but I will wait for a bearish Engulfing and breaking the support level.
Germany still is second on the list of the confirmed cases and almost after that is UK. The first is US but I don't want to short US indices because GER30 and UK100 would drop more compare to US indices.
I am going to...
The reason I used abcde pattern inside the 4th wave is because the END of the wave 4th must never overlap the end of wave 1. NOTE that if the wave 4 Is a flat or triangle the first corrective waves could overlap wave 1 so long as the ending wave does not
Based off my technical analysis GER30 is currently trying to break through the counter trend line to continue its overall bearish move. Price only pulled back to the 50% fib level as well as bouncing from my s/r zone. Once it breaks and retests the CTL it will be completely good for a sell move. If you agree with my analysis please like or comment your input.
Guten Morgen,
hier im Wiederstandsbereich kann ich mir gut vorstellen dass der DAX (erstmal) wieder fällt.
Auch wenn die Zentralbanken unmengen an Geld in den Markt gepumt haben, stehen die meisten Betriebe still und von daher sehe ich die Insgesamte Situation in Verkaufsrichtung.
Die Ziele vom Harmonischen Muster sind die angegebenen Fibobereiche 38.2 -...
Overall GER30 has been bearish , currently the bullish move looks like it’s just for a pullback. If price breaks through my s/r zone plus 50% fib level .. I’m looking for it to retest off it then continue in a buy towards 61.8%. If it doesn’t break it will bounce and continue back in the bearish move.
If you agree with my analysis please like or comment .. hope...
Current structure indicates we have a classic head and shoulder pattern in development and I expect medium term reversal.
DAX has sold off 40% from all time high and we did not have and bigger correction yet.
We have divergence in MACD indicator and possible another bullish triangle pattern in making in right shoulder of bigger H&S pattern.
I believe that They will pull the trigger on Dax on Thursday from 0.5 fibo 11900 region. Probably Covid 19 treatment rumours have been fabricated to manipulate the retail buyers to dump everything triggered witht by the possible bad data on Thursday. Just an idea not a trading advice.
The last thing you should do is shorting the dax at the moment. It is safe to buy from any level until 11.180.
While if you compare with US indices, dax is way beyond the cheapest asset in The World. Don't expect a major pullback until 12.000 levles.
Let's give up your emotions aside, and enjoy making easy money :))
Important price points to the upside
10805.00, 10975.00, 11175.00
Important price points to the downside
10580.00, 10225.00, 10066.00, 9845.00, 9640.00
