Hey traders! 🌟 Here’s the scoop: we’ve got a tentative head and shoulders pattern forming on our charts. Why "tentative," you ask? Well, it hasn't confirmed itself just yet. This setup hints at a potential trend reversal, but let's not jump the gun. 🔍 What to Watch For: Early Warning: Think of this pattern as a whisper of a possible trend direction change....
We have identified a potential change of trend to the downside, after an explosive move to the upside. We took sells and we are planning to exit on the previous low formed.
Start your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. *KEY Trend direction is set by the slope of the VWAP Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves Support & Resistance are set by the...
Note: Note that GR40 has been a relative strength leader above all other Index Note same pattern is playing for all the index: Dow, Nasdaq, S&P.. Currently broke and trading above the Friday bar, expecting continuation this Week
dax cfd Quote from last week: bull case: Bears gave up since Monday and we melted 800 points higher. I got 2 measured move targets above, 19280 and 19650. Technically we should see a pull-back first and depending on how deep it is, we can calculate new targets. I think next week everything will be determined by the PPI and CPI prints. If they come in low, I...
dax cfd Quote from last week: bull case: Bears gave up since Monday and we melted 800 points higher. I got 2 measured move targets above, 19280 and 19650. Technically we should see a pull-back first and depending on how deep it is, we can calculate new targets. I think next week everything will be determined by the PPI and CPI prints. If they come in low, I...
Price has been bullish majority of 2024. Posted my initial buy idea in "GER30 W BUY IDEA 2/2/24" post. Looking for the Daily to have a correction before continuing bullish. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Price has finally broken a W CONSOLIDATION ZONE that started on 12/4/23. Looking for price to retest the consolidation zone + the mid point of the bullish M channel and then continue bullish.
Intraday Update: After hitting the 127% extension this week, the German DAX may be at risk of testing the breakout point at 18568 which traders will be watching for a close above/below for the week.
With the remarkable surge of the past few weeks, the DAX nearly reached the 19,000-point mark. However, just before reaching it, the momentum faded, leading to a period of weakness. Now, a strong hammer candlestick is visible in an important support area. Therefore, it can be assumed that the correction is now coming to an end and the DAX will once again approach...
DAX (FDAX1!) gave as an excellent sell opportunity last month (April 11, see chart below) that hit the 17700 Target and shortly after rebounded: The index yet again flashes a sell signal as the price got rejected yesterday exactly at the top (Higher Highs trend-line) of the 1.5 year Channel Up. In symmetrical terms, this is similar to the Higher High...
negative divergence major resistance around 19000 decreasing in volume the most estimated scenario support the droop to 18300/17600
Good Evening and I hope you are well. overall market comment Bulls rallied to another ath where many of them took profits and bears began shorting after a lower high. The selling on bigger volume into the close is a sell signal going into tomorrow. Bulls have to break out of the formed bear channels to make bears doubt the highs might be in. Since tomorrow is...
Pair : Germany 30 Index Description : Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Completed " 12345 " Impulsive Waves Resistance Level
Hello awesome traders, let's have a look at the DAX. I have a new analysis today as the previous exchange seems to be shut down. Here are the details: The DAX on a weekly chart is trading a cup and handle pattern, and the price is now trading below near the target zone 1 at 62%: 19078.70. After a successful breakout from 16305.21, the target zones are as...
Ger30 morning Trade TP and SL are set find your entry if you are late
DAX (GER30) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 18,737.91 which is a pullback support. Stop loss is at 18,600.00 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 18,992.91 which is a level that aligns with the 127.2%...
clear impulse correction impulse in a weekly ascending channel