Enjoy the setup with SL and Sure TP as well Hope this proves that we can be sure about magnet 🧲 candle
Price could potentially reach our sell entry at 15821.07, which is an overlap resistance level, and there is also multiple fibo confluences as well. There is a 78.6% fibo retracement and 61.8% fibo projection, which shows that this area could show signs of a reversal. Our stop loss is at 15909.2, which is above the swing high resistance where the long wick was...
An expanding top pattern, also known as a broadening top or megaphone pattern. It is characterized by a series of higher highs and lower lows, resulting in the formation of two divergent trendlines that gradually move apart from each other. This pattern indicates increasing volatility and uncertainty in the market. Key characteristics of an expanding top...
Amazing over extended price if we manage to reach that blue ob on the top , over etending previous friday high
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
GERMAN 30,expecting the market to take th liquidity above these highs into that supply zone and selll
last week the price managed to form a new HH and at the close it looks corrected. the chances are that the price will still have a limited downside before continuing bullish.
✅DAX broke the rising Support line retested it And is now going down again So I am bearish biased and I think the price will go down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
View On German Index DAX (23 Aug 2023) DAX is in * Bullish in short term (Intraweek) * Bearish in Mid term (1 to 3 months) * Neutral Long term (3 months onward) DAX is the wild big swing recently from 15,500 to 16,500 recently. Basically it is a 1,000 swing and it has hit the support of 15,500 region for the second time in 2 months. We are currently...
Looking for a retracement on ger30 at 15684, Based on the structure ger30 has been creating this past week it seems the up coming week we might see some more downside momentum unless price breaks above 15844.
Pivot: 15715.00 Our preference: short positions below 15715.00 with targets at 15510.00 & 15500.00 in extension. Alternative scenario: above 15715.00 look for further upside with 15790.00 & 15855.00 as targets. Comment: the RSI calls for a new downleg
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
Pivot: 15780.00 Our preference: long positions above 15780.00 with targets at 15935.00 & 16010.00 in extension. Alternative scenario: below 15780.00 look for further downside with 15715.00 & 15620.00 as targets. Comment: the RSI is bullish and calls for further advance.
The primary scenario (in green) assumes more upside in a corrective pattern. The secondary scenario (in red) calls for another leg down before we have the upside in a corrective pattern.
This scenario could work, but only if the next candle closes above my entry. We have good downside support and a bullish moment. The only thing about this trade is that you really have no idea how big it could get.
We might see the DAX plumet further from here. Confrmation was taken from the break of the 1H uptrend. And, the 4H wick rejection. all this plus the EUR strenght led me to assume the DAX to continue lower.
DAX is on the 3rd straight green 1D candle after it almost hit the 1D MA200 (orange trend-line) last Friday, which is intact since November 10 2022. This rebound comes as a natural reaction to the long-term Support dynamic of the 1D MA200 as well as the presence of Support 1 from the July 07 Low. As long as it holds, we will take it as a buy opportunity and...