Expecting a bear rally from today (@ 13330 level) and later to print a lower target @ 13655
Green arrow ---> expected bear rally
Red arrow ---> crash to minimum 13655 level
Weekly and monthly RTSI index chart are quite fascinating to study. This time was the third time it bottoms and bounces from the major top from 1997.
RTSI short term target @ 1678
Long term, headed towards new ATH.
DAX is expected to cross the red trendline tomorrow Tuesday, December 12th; Most probably by a gap up open above it.
This will confirm a new bullish price projection up to 13715 and an euphoric Christmas rally to a final peak!
Sell signal type TD-countdown setup is now completed on daily chart suggesting an imminent correction.
This is only a private analysis and not a suggestion, do your own research before entering a trade.
trade well ;o
TDST support level at 2632 level could be a good entry long for a bounce up to 2656 MEJT target.
The day has a potential to be an all day rally closing around HOD.
Happy profitable trading ;o
It looks like we should soon get a short term sell signal, at the same time we have a price projection up to 2700 cash!
My forecast and guess is as shown in the chart.
Happy trading ... ;o
Earlier sell signals on daily and weekly time frames has not triggered the expected sell signals.
This should not surprise much as we have been aware of the monthly sell setup that now is coming to completion.
In my earlier analysis I expected a short term sell off following the weekly sell signal but always emphasized that the monthly set up had to complete...