I've been trading since 2003. And if you're a position (swing trader , medium term) trader, you'll know there comes a time where the markets flow in a difficult range... There are two types of markets when it comes to strategies. Favourable and Unfavourable. Right now, I don't mean to speak for everyone else, but I believe the markets are in an unfavourable...
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. However, the lower time frame suggests further corrective price action which will result in more wave (2) downside. Several bearish scenarios can be considered if we take out the 04/10/2023 low.
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. However, the lower time frame suggests further corrective price action which will result in more wave (2) downside. Several bearish scenarios can be considered if we take out the 04/10/2023 low.
Price could fall to our buy entry at 15088.5, which is a swing low support level, aligning with the 127.2% fibo extension and 78.6% fibo retracement. Our stop loss is 15019.7, which is below the swing low support level. Take profit is at 15190.7, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. However, the lower time frame suggests further corrective price action which will result in more wave (2) downside. Several bearish scenarios can be considered if we take out the 04/10/2023 low.
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. If the upward move fails, several bearish scenarios can be considered.
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. If the upward move fails, several bearish scenarios can be considered.
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. If the upward move fails, several bearish scenarios can be considered.
Price is approaching our sell entry at 15406.6, which is at the right shoulder of the previous H&S pattern formed. There is also fibo confluence there, which are 78.6% fibo retracement and 161.8% fibo extension. Our stop loss is at 15513, which is above the major swing high resistance level. Take profit is at 15277.3, which is a pullback support level. High...
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. If the upward move fails, several bearish scenarios can be considered.
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. If the upward move fails, several bearish scenarios can be considered.
There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
As expected we are seeing further downside as a wave ((v)). There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
As expected we are seeing further downside as a wave ((v)). There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in every timeframe.
XETR:DAX is extending higher and we expect fourth wave to be finished with a wedge break above 15600
For traders (lower timeframe) The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside as a wave ((v)). For investors (higher timeframe): In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can...
The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside.