Here I have 2 variants: blue and red ABC correction. The September high at 15709.8 was broken. Watch out for MA 100 because that should be the next TARGET. Which variant will ultimately be confirmed depends on whether this and next week the price remains below 16095 (red) or rises above 16095 (blue). In both cases, the MA 200 should be reached... on a daily...
Monthly basis: I think that from the December high all indices will fall, so - in order to get short on the DAX - I wait until it has reached the resistance zone between 16134 & 16269 in December. First weekly closing below 15764.44 would confirm the short trend! The 3 yellow circles are TP levels. If the pressure to sell continues in the medium term, we could see...
Weekly-long-term view: from 0.98 to 1.68 If I am right, then EURCHF should remain under pressure at least until the second half of 2023. All green lines are targeted for both falling and rising prices. From 2023 5-dashed blue waves don't have to go in such a fine and clean style, it can be more complicated and take more time, but anyway it will reach 1.68. Who is...
--- Next week I expect the annual high and that's why I am raising 2 resistance zones here: for this and next week: 1. between 16266 & 16397 and 2. between 16362 & 16496. --- The first TP levels are down @: 16238.2 16021.7 November will stay above 15751.5, but in December, January would be possible to reach at least 15127.
Monthly basis: --- as long as there is no closing price above 1.1559 the price could remain below it until around October '22. --- In this concept, this means that a serious decision must then be made; either the lower green line of the long-term bullish trend channel holds and prices rise as indicated by the blue path, or the trend channel is broken and prices...
Here is my perspective on a monthly basis: --- As long as the price remains above $ 1834, the price will continue to rise. --- $ 1967.24 is decisive for me, this should be achieved by or in January, but only when we see after January '22 that the price has been overcome and the monthly closing price remains above $ 1967, then one could expect a new ATH in the...
Since October 20th, the USDJPY has been in a triangle and the breakout from it will confirm the further development, so it is important to watch out for: a) for long: closing price on a daily basis over 114 and then sustained stay over 114.44, with TP 115.84 and possibly 117 b) for short (ABC correction): closing price on a daily basis and remaining below 113.25,...
In between I found some time to quickly post a potential short idea. The DAX is currently encountering resistance, which the Supertrend also confirms. --- But if this week hits 15925 then I will see if short signals in H1 or H4 are clear. After this setup, there should be a new ATH in November and then head south to complete the red C. Good luck, and if you find...
Since August 20th the price has been moving within the bullish trend channel and from the constellation of the candles I can see that we will see another high in October. But I expect that after a new October high, there will be falling prices, at least with the target @ 70.70. At the moment it remains to be seen whether the October low or the October high will be...
In my estimation, next week should form deeper lows than this week. So next week I'll see what kind of low the Monday candle has and join Long. Confirmation for release from the short pressure becomes active when 1.1720 per day's closing price is overcome. In that case the 2 indicated TPs would follow. Then we'll see how it goes on...
In this scenario, since the ATH, I am assuming an ABC correction lasting several months in which we are now in the blue b (consists of black abc) of the red B. If we see tomorrow or maybe on Friday (next week at the latest) that 1.33550 will be reached, one could buy a long position with the SL under 33517. Confirmation for rising prices with the goal between...
If we see the NASDAQ tomorrow that it remains below 14969, then one floor lower can be expected.
--- Higher tomorrow than today --- In the white circle = short, ideally as soon as SMA 200 is reached --- Closes this week under 15368 and if it stays below this until the end of September, then red or black paths are possible --- If it is clearly above 15368 next week, then I will follow the blue path --- All lines below 15368 are profit levels!