Dax has recovered and is trading within it's channel again after a breakout of the descending triangle yesterday.
Next to this it was able to close above the strong weekly resistance.
I expect Dax to rise to .85% of the high of the previous triangle, it might test the resistance first once more.
Bitcoin has bounced of the cloud and resistance at 235.
It might test the 235 level once more before resuming it's uptrend.
If it doesn't test the 235 level today or tomorrow I'll add more to my long positions.
Right AFTER opening the price dropped like a knife creating a huge gap.
If the bias turns bullish again, this gap needs to be filled and gap can be used as a TP or SL levels.
For now I am on the side just watching.
Short opportunity on the hourly; went short when the GJ broke through the cloud, the kumo switched and chikou broke through the price line.
If the strong resistance @ 178.76 breaks (resistance at the daily and H4) we can see a new low at 176.26.
"If" we reach that level a nice double top will be completed at the ...
Bitcoin comes out of the cloud on the H4 and will test the 297/300 level.
Chikou will break through the price level soon.
Daily charts are still bullish.
If the 297/300 level does not break, it is possible for BTC to form a double top which will result in quite a big drop.
On the hourly the Dax is loosing.
As the lagging span goes downwards through the priceline and I anticipate that the Tenkan and Kijun will cross the next hour.
Goord RR ratio
First target @ 11454
Trailing the rest downwards
Nikkei seems to get back in line again after a short breakout on the downside meeting the EMA62.
In order to continue it's trend it needs to stay between the two grey lines which were formed in the beginning of January.
I am long with a first target at 19000.
SL just below the EMA62