AMD got rejected at the ATH and has now a dobble top up there.
I see a downside potential to the Resistance at about 47. It seems possible to me that we will see it going straight to the area the blue arrow points. There it would have additional support from the trendline.
MACD could sturn downside but not clear yet. RSI just came down a bit from overbought.
As mentioned in the long term chart the Dax will be about to make decisions for the next years soon. Here we will look more into the details.
The DAX ist still in an bullish mood. It held the resistance at the 10250 area and is above the trendline from the lows. The fight in the Fib (the small from ATH to crash low) was also won my the bulls. The only problem...
A good day to zoom far out. Far too often we traders tend to zoom in and zoom in more. Lets do it the other way around today.
As for me a "V" shape rebound is out of the question. The fundamentals are just too bad.
Still remarkable is that we saw that rally up lately after the big dump. The DAX even made it above the trendline (only 2 points that support it but...
As talked earlier gold is on an interesting point in the longtermchart.
On a shorter timescale we find a strong breakout of several resistances. On a sidenote the remakable rebound above the trendline from may last year and its retest (last black arrow).
The next thing worth noticing is the inverse Head and Shoulders pattern that just broke its nackline...
As we can see Gold is making a decision for the next years now. Gold is at a very interesting point now. The ATH are close and there are only 2 resistance zones ahead, the highs from late 2011 to 2012 and the ATH from 6th Sep 2011 at 1920. I myself would give it a buy rating at the moment but as we see this is a long term...
Slightly bullish sentiment on BTC. BTC went above the 200 days MA, Bollinger Bands are keeping us back at the moment. BTC was strong within the last 24 hours. The hourly candle shouldn't close below 8000 within the next 2 hours. If the green up-trendlines are holding we should be all good. The red down-trendlines remaining need to be broken.
This is just for everyones information. So you may see someone elses few. ADA seems hard to chart after all. This is more quesswork than charting but i think ADA will test its ATH soon (next 7 Days).
BTC is still in a zone of decision IF the bears are retreating. The picture will be a lot clearer after the zone at around 16.5k is tested and BTC manage to stay above or bounces back and goes to lower levels again.
Daytrading short and long possible at this level. dont get cought on your opinion- let the market decide!