JonasBenjaminFriedrich

JonasBenjaminFriedrich

Hi guys DAX retraced back up to the price level which I wanted to see for another short opportunity. Looking at the daily chart it would however make more sense if that move plays out tomorrow. However at 4H we already have a nice signal candle in the chart.

JonasBenjaminFriedrich

EUR/GBP could possible breaking out of a wedge consolidation initiating a swing to the upside.

JonasBenjaminFriedrich

The forex pair could resume another swing to the upside after having completed a ABC running flat formation.

JonasBenjaminFriedrich

I expect that the longerterm downmove in the stock market has begone. However the current move will have a certain end and possible short term correction starting next week.

JonasBenjaminFriedrich

GBP/USD has been analysed prior as potential short. Now a 4H price action signal is developing.

JonasBenjaminFriedrich

Beautiful break of structure in the USD/GBP pair. Pullbacks to the upside should be used for shorting entries at the moment. Good luck

JonasBenjaminFriedrich

Possible SHS formation playing out here. Still waiting for trigger on the structure.

JonasBenjaminFriedrich

EUR/GBP startet the down-move as analysed prior. I am expecting some pullbacks coming, this could then be used to further build short positions until the blue target area.

JonasBenjaminFriedrich

In the session tomorrow a clear resistance area will be the focus for the DAX. I am expecting a 3-Wave corrective move into the area. Should we then see the momentum flattening out and reversal signals in the candle stick priceaction a specialtive short position could be worth taking.

JonasBenjaminFriedrich

Alright the US100 Tech is at a bigger reversal area. I would be carefully with Long positions in the market at the moment.

JonasBenjaminFriedrich

Where are we in the Big Cycle? Can the central banks prevent the crash? To me it looks like we are in one big complicated messy expanding flat. Economic deterioration pushing the markets down, while fresh central bank dollars pushing the market up.

JonasBenjaminFriedrich

This is one possibility as long as we dont break the triangle it stays valide. I am also expecting on more text of the triangle formation to the downside before upside momentum can resume.

JonasBenjaminFriedrich

AUD/USD could reverse again to the upside giving us a nice longswing entry as an ABC flat correction could finish soon. However please look carefully in the price action 1H or 4H since we don't have a valid reversal signal there yet.

JonasBenjaminFriedrich

A look at the DAX at current levels is interesting. The move doesnt have to be sustainable it could also just be a shorterterm bounce back up and then sell off again.

JonasBenjaminFriedrich

Still too early. Dont see any tourn around in smaller time frames. However 4H we can see the break ouf of a consolidating triangle

JonasBenjaminFriedrich

This one is under observation. Lets see if a setup can develop

JonasBenjaminFriedrich

Keep an eye on this one as a abc corrective channel could come to an end

JonasBenjaminFriedrich

After a channel break out there could be a continuation of a bigger corrective move to the upside in the German index