Resistance: 13300 Support: 13060 Breakout to the upside Resistance: 13420 Support: 13300 Breakout to the downside: Resistance: 13060 Support: 12900
Support: 12,880 - 12,900 Resistance: 13,080 - 13,100
Sometimes I really love trading patterns. Even though my last trading idea was a flop and I had to close it manually (what happend: the SHS (4H) consolidated into the upward trendline). At the end it turned out to be a bear trap; my gut feeling avoided losses and I was able to make a least some profits with my 50% position. Nevertheless, it was a flop. What we...
We have formed a bearish bat pattern (not a perfect one) in June. In the beginning of July we have started to build a SHS pattern, which we just completed by breaking the neckline. If we do not manage to reconquer the dotted upward trendline: Short with targets around 12.300. Good luck!
What do we see: Two weeks ago, we refused the 12.9k (above we would have moved into the trumpet-pattern of 11.2019/02.2020; see published idea from 02.2020). Last week we refused to move above 12.5k (which served as an resistance in 2017). What is my interpretation: I wouldn't be surprised if we test next week the 12k and the 11.8k again. If 12k/11.8k...
NASDAQ is still extremely strong, nevertheless: It seems that in recent trading days some investors are reducing their exposure in US Tec. The timeframes for new highs are decreasing while the delta from the last high is decreasing as well. In addition, during the last 5 trading days the volume increased, i.e. investors needed to spend more money for less price...
We have a potential Inverse SHS pattern, which is not completed yet (wait for completion). The head is support by an double bottom. If we move above the neckline, we can open the trade, which would be around 2,065. Potential target is 2.370. We should not move below the low of the right shoulder once completed. Good luck.
It seems we are losing a little bit of steam. Possible entry: Below 64,50 (wait for the break of the rising wedge) Possible targets: 62,50; 60,00 AND 57,50 Possible stopp: 68,00 Good luck.
I am just thinking about the "March expiration day". For some players it might be very lucrative to play a little bit with the "greed" in the market. Indicators: The current bull/bear ratio is above 3 and we are almost 12% above the EMA 200 (daily). PE ratio is almost back to 2018 highs. Cash reserve in the market is below 5%. Beyond indicators: Demand shocks...
What do you think; sounds reasonable right. Please do not take it too serious...
Have not seen such a divergence for a while in the daily (MACD, RSI). In theory, it should go down at least to 23,150 (Pivot Point) in the best case it should test the linear regression channel around 22,900. I am not sure if the BoJ has plans for any stimulus with regard to the COVID19. So be careful with this trade.
Entry: 1,565 TP 1: 1,575 TP 2: 1,580 TP 3: 1,590 Good luck
Right now, we have a broadening formation in the DAX; this usually happens, when the market in disagreement. On the upside this lead us to 13,720, but what would happen if China is going to extend the "vacations" by another two/four weeks. For German manufacturers this would lead to an demand shock, since a lot of German manufacturers are heavily involved in the...
Entry: 120,65 TP1: 120.20 TP2: 120.00 TP3: 119.80
The following is just my point of view and not the single source of truth. Hence, I would appreciate any comment which would lead to a fruitful discussion. When you are trading equity indices, you are simply trading a bundle of cashflows (compromised by the companies within the index). If you are not a scalper (I am not) but rather a swing trader (what I try to...