ForceFollower

ForceFollower

Buyers were clearly accumulating this asset between 82.5 and 84.0, so the correction was shallower than expected. Hence current breakout.

ForceFollower

It's going to be interesting to see how the $DAX deals with the resitance coming from the prior highs and the downsloping median line parallel. This level also coincides with the weekly Tenkansen and Kijunsen, which makes it even harder to continue the rally. But for now the short-term trend remains bullish.

ForceFollower

$DAX Price seems to keep developing under the charm of the downsloping fork. Currently it's stuck at one of its parallels. Usually that's where the down trend should resume, but the demand side is not asleep.

ForceFollower

$DAX is following the downsloping fork, which, on a larger time frame, looks like a corrective wave, at least for now. Price may keep following the fork to the down side. However, a test of the higher Median Line parallel is also possible.

ForceFollower

#DAX keeps following the downsloping fork. Currently the price rests at the resistance. Is it ready to bounce back yet? We need more evidence for that.

ForceFollower

If bulls take over, we'll see a rally up to the Andrews Median Line, which coincides with the resistance area at around 15 600.

ForceFollower

$DAX is currently going up. Price may stop and reverse at either of the green segments. The strongest resistance, though, is only at 15 575.

ForceFollower

The previous support has turned into a resistance, presenting a shorting opportunity.

ForceFollower

The are opportunities to go short around the 15 800 level, with the SL at about 15 860 and the TP target at 15 530.

ForceFollower

The DAX is at the critical point - a juncture of the upper median line parallel of the downsloping fork and the median line of the upsloping fork. Such confluences usually coincide with price reversals. So the current situation in this market is auspicious for the sellers.

ForceFollower

The recent weakening of the bull trend seems to point in the direction of the bears. So the rallies provide opportunities to go short.

ForceFollower

DAX30 is very extended to the upside. It is expected to bounce off of the ML-parallel and return to the Median Line.

ForceFollower

EUR/USD has it in its DNA that it won't go in one direction for too long. I think it's time for a bounce - a roughly 2:1 buying opportunity.

ForceFollower

Some bullish pressure is still palpable, the price doesn't look like it's going to go down before it makes a move up to 1.221.

ForceFollower

Price confirmed the upsloping fork, so it seems reasonable to expect it to get to the median line soon. The SL order should be placed below the confirmation candle.

ForceFollower

The simple multipivot-line analysis reveals a potential for an impending exhaustion of the up trend. A deep correction may be in the making.

ForceFollower

Copper seems to have reached a level, where it might find resistance coming from the straight lines derived from the previous bottoms. The same technique resulted previously in a correction. Currently copper is one of the strongers bear markets, so the decision to go short seems to be reasonable.

ForceFollower

There's clearly demand for the Canadian Dollar - it's been so bullish for the last two weeks. When coupled with the recently hammered Japanese Yen. CAD/JPY makes a perfect pair for a long position.