Since October 8th, the DAX has lost close to 1000 points.
This graphic offers a technical framework on the bear trend and shows that the DAX moves into a bearish parallel channel which has been tested several times.
We can also notice that prices have reacted on 11050 points.
In my case, before to take a swing position on DAX, I am waiting for :
-A breakout by...
On January 18,EURONEXT:FR stock price was around 66€, close to its all-time high. 9 months later, Valeo has been almost divided by 2 with the formation of a very specific type of technical price pattern. The "Dead Cat Bounce"
As defined by Helen Alpino, the dead cat bounce comes a time in a downtrend when bear traders decide to take profit. Bull traders believe...
On UT 4 hours, JXY is under a falling wedge pattern (The Falling Wedge is a bullish pattern)
The RSI has a today value around 27 and, in addition, the JXY is close to its support at 88.3
From the upper elements, we can remain aware about and wait for any bullish signal.
If this signal appears, a short on OANDA:USDJPY or EURJPY could be very interesting
XETR:DAX is today in contact with its bearish trendline.
As DAX is forming since several a Head and Shoulders pattern, today DAX value could be consider as a good timing opportunity to short the DAX.
Stop: 12 600
Target: ~ 10 000
CHXEUR:MTA is on its support at 24.1€ which has been tested 3 times by the past. We see the reaction on support with strong volumes. Momentum is rising were we can expect price increase on the next days
TVC:GOLD leaves its bearish channel from the top
RSI is rising and MM20 is going to switch to a positive trend.
The weekly view gives us the same conclusion.
We can consider that 1205 USD is a good price to buy Gold with a target price at 1280 USD
Stop loss has to be placed at 1165 USD
The CAC 40 is in a positive trend within a parallel channel since beginning of July (which is also the case for the RSI)
5440 could be a good area to enter into this market for 3 reasons:
-In contact with the MM20
-Bottom of the parallel channel
-Support tested on August, 2nd
Target price : 5530