Looking for price to drop to the breaker block or further more to the demand zone to activate buyers and hike all the way up to the buy side liquidity...
After our first idea achieved its goal the entry point is valid right now as well for continuation of the fall. Going in again for RR 1:5
**DAX 40 ANALYSIS** ***Structure*** The 1 hour chart is quite clear in my opinion, the bullish trend is proceeding nicely and steady, with a few drops here and there that only constitute great opportunities to go long once again. ***Liquidity*** Price has now formed the dynamic liquidity trendline below the lows, it’s been a while since price has taken out some...
For a long time smart money has been waiting to take out the 17000 liquidity zone. Went in, and was rejected by a long body wick on the 1H time frame. Today it reached new highs at 17050. There is nothing neither technically, or fundamentally that should keep the index going up. Earnings season is over. Germany farmers are protesting. Inflation is high....
GER40 - 24h expiry Price action resulted in a new all-time high at 17066. There is no clear indication that the upward move is coming to an end. Our outlook is bullish. Preferred trade is to buy on dips. 20 4hour EMA is at 16966. The measured move target is 17184. We look to Buy at 16970 (stop at 16890) Our profit targets will be 17170 and 17250...
GER40 In A Strong Bullish Trend GER40 keeps rising and now it is creating a new all-time higher again. The bullish trend is very strong and it looks unstoppable. After the price broke out from the big pattern it proved that we had very strong bullish volume positioned near 16800 and now the price is only rising. It is normal to move slowly at these zones but...
Good evening and i hope you are well. Today markets tricked many traders into strong moves in a weak environment. The move’s seem like they will break out of the range but they fail at resistance over and over again. It’s a neutral market where buyers and sellers agree on the middle of the range as the fair price. You have to play the range until there is a clear...
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)).
Trading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade.
I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research.
My bias shifted to the shortside, following the movement lower in the New York Session yesterday. Targets and annotations made in the chart. 16825 possible short targets. expecting the follow through lower during the New York Open. Key anticipation: London Medium News driver as the catalyst lower. Key levels and annotations made on the chart. Once the stop...
Pair : Germany30 Description : Impulse Correction Impulse Symmetrical Triangle as an Corrective Pattern in Short Time Frame with the Rejection from Lower Trend Line Completed Break of Structure and Retracement Elliot Waves - " 1234 " Impulsive Waves Done
XETR:DAX - The gap-up at the beginning was immediately closed again. Yesterday's previous day's range was almost completely filled. A fall below the previous day's low at 16859 could accelerate the downtrend intraday and target the lower #BouhmidiBand at 16784 next.
Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
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. *KEY 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...
DE40 entry point 29 Jan -2 FEB 24 This clip included all the entry points that I made from 29 Jan - 2 Feb 24.