Hello again my Friends, Traders and Interested,
Well, after my penultimate TA to the Dax, which went nearly perfectly, I was completely wrong in the following TA. Yes, that's how it is in trading.
But what actually happened in the last week?
The price soared parabolically, near to the ATH. Reasons? Well, difficult, but because of the still bad Corona situation, it was a bit "strange" movement. Because the economic data are not necessarily euphoric too. One of the main reasons was, that the Chinese leadership had stopped buying puts and selling them off, and made it punishable.
In parallel, the chinese central bank pumped a total of $ 250 Billion into the markets. not to mention the Fed. So we can speak of manipulative interventions in the markets.
But what's next? difficult.
In my TA there are two scenarios shown. In the green version you can see an inverse H&S that might be under construction. If this happens, it could go up massively. So from here we have to observe what the price will do from monday. If it should go down into the area of the left shoulder and afterwards go up again from this point, the possibilities of the inverse H & S would increase.
In this case, too, the black upper line should be observed. This line marks the course of the last two highs. Hard resitance here.
The second scenario is drawn in black and marks a very quick move downwards.
I personally think this version is more likely to be 70:30% because the more widespread Corona Virus cannot be ignored furthermore. Some companies have already indicated that they will keep their branches in china closed for another week.
So, watch carefully the price development, especially in the future trade on Monday early morning.
As always, no trading advice. Trade safe and always on your own risk.
This TA is just educationally.
Okay, I will update this TA frequently.
Al Like and following makes me happy.
All the best and nice weekend,
Sascha
Well, after my penultimate TA to the Dax, which went nearly perfectly, I was completely wrong in the following TA. Yes, that's how it is in trading.
But what actually happened in the last week?
The price soared parabolically, near to the ATH. Reasons? Well, difficult, but because of the still bad Corona situation, it was a bit "strange" movement. Because the economic data are not necessarily euphoric too. One of the main reasons was, that the Chinese leadership had stopped buying puts and selling them off, and made it punishable.
In parallel, the chinese central bank pumped a total of $ 250 Billion into the markets. not to mention the Fed. So we can speak of manipulative interventions in the markets.
But what's next? difficult.
In my TA there are two scenarios shown. In the green version you can see an inverse H&S that might be under construction. If this happens, it could go up massively. So from here we have to observe what the price will do from monday. If it should go down into the area of the left shoulder and afterwards go up again from this point, the possibilities of the inverse H & S would increase.
In this case, too, the black upper line should be observed. This line marks the course of the last two highs. Hard resitance here.
The second scenario is drawn in black and marks a very quick move downwards.
I personally think this version is more likely to be 70:30% because the more widespread Corona Virus cannot be ignored furthermore. Some companies have already indicated that they will keep their branches in china closed for another week.
So, watch carefully the price development, especially in the future trade on Monday early morning.
As always, no trading advice. Trade safe and always on your own risk.
This TA is just educationally.
Okay, I will update this TA frequently.
Al Like and following makes me happy.
All the best and nice weekend,
Sascha
Comment:
sorry, 4 hr candle is bearish engulfing, not he 1 hr.
Comment:
Hello my Friends, Traders and Interested,
Week is over, so a quick comment to my TA. Until today, the green version was the correct one, although I just gave this version a possibility of 30 %.
But okay, the upmove was not ( NOT!) triggered due to good economic data and good news to Corona. It just went up, due to FED , Repo and panic buying.
So next week will maybe show us a first taste of the real market situation. We have to follow the news this comming weekend.
More to this in my new TA, I will put in online this night.
All the best outside,
Sascha
Week is over, so a quick comment to my TA. Until today, the green version was the correct one, although I just gave this version a possibility of 30 %.
But okay, the upmove was not ( NOT!) triggered due to good economic data and good news to Corona. It just went up, due to FED , Repo and panic buying.
So next week will maybe show us a first taste of the real market situation. We have to follow the news this comming weekend.
More to this in my new TA, I will put in online this night.
All the best outside,
Sascha
Comment:
Last week the green way in my TA was runnig well. But corona changed it quickly to the black way. And we are near first target. See my other BIG PICTURE TA, well running.
All the best for ya all outside
Sascha
All the best for ya all outside
Sascha
Please be careful at this point. It currently looks like my green bullish version is working well.... But the bearish scenarios (black lines) are not yet off the table. Especially since the last 1 hr candle printed a beariah engulfing for a long time.
So pay attention to the future market (Wednesday night) afterwards.
all the best,
Sascha