XME: base metals and mining containing steel, gold,etc... Its stil a big uptrend so for the broad market this confirms our bull bias. Use this as an indication to specfic spot prices longer term and specific stocks. (or trade it directly). However watch the trendline... a pullback to that trendline is certainly something to keep in mind.
See linked idea oil. Swing play in sell zone.
For those who intrested pôtential target. Alternative versions will be linked. Keep stacking!
30/09/16: Db just had a huge correction forcing Germany or ECB to step in pritty soon. With this burden on an all time low its less to bother about for indices. Sure if db crashes then you can say goodbye to this entire plan, but probably many plans will be garbage then. And does the world really need a new financial crash? I dont think so... We recently had an...
Swingplaying OIL combined TA With FA. Post opec Price will go up, everyone with some common sense knows non opec will produce more at a higher price. No one has any idea about future demand or supply shortages but that doesnt change the big picture enjoy!
Amazon is likely to fall between thursday-monday Offset timeframes and compare price action to see a spike is coming down below.
Turned long into short today for both DAX +AEX: Reasons: - Zoomed out trendchannel indicated reversal (batman's cape or triple top patern ==> freefall) - 1day RSI: Overbought - 4H + 1H had price action indicators to turn down - Volume spike on 1H indicated the main trend changed. - BB at daily topped Profit: SL: 10400 TP1: Reached today at 10240 TP2: 10175 TP3:...
VIX JUNE SWING: LONG FA: Brexit, Spain, Rate hike, Opec TA: RSI+STOCH: Flash oversold R/R Ratio: 5,25: TP:17,7 SL: 12,5
As we can see in the chart the 50 EMA Is Lower Then the 200 EMA Which means any new position must be taken short But given the recent intraday spike we see a potential crossing of the 50 EMA whit the 200 EMA which would mean we enter a long swing buying phase. Looking closer towards the 5 EMA and 10 EMA We took a long speculative position the current uptrend is...
Dax is stil showing long signals for swingers. EMA 10 has crossed EMA 20. Keep your long positions for the moment. Also MACD and ADX are showing keep signs.
Pure technical a market crash is very plausible, adding to that the bad economic news, the zoomed out consolidation market (which is a turning sign). Any major event this year (like for exemple us elections) could trigger the steep decline. But looking at the narrowing Patern it could even start in Juni whit a rate hike/brexit. This week the ECB launched there...