Messy as f*ck, but let'see if the count is right. Confirmed after breaking yellow box. This is a continuation of "LET'S GO DIPPING" related idea.
This is just a thought. Usually, closures of gaps happen.
Hi guys, This is my first post regarding any indices or stocks as I was performing some back-testing of pattern formations on them. This is a bearish CYPHER pattern @ 10014 and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% retracement levels. IF/WHEN first targets are met, half of...
Picture explains the most, if any questions, just ask in the comments
For the 1st in the last 12 months DAX make a new higher high. Of course DAX will have some pullbacks in this travel to new all time highs.
From April 07 lowest point 9467 until the highest point in April 21 1044 pipps 9.95% increased ! Does the ger30 will continue going up without any big drawdown ? No way ! i wil start short sell this index now so set sell limit around 10450-10500 first target 10240 second target 10160 ! . other scenario if German 30 continue going up and break...
We have seen a Strong Bear move with 4 of 5 days as bearish. However the previous swing low hasn't been breached yet. Bears will make second attempt to do so, at favorable levels. Current bulls, unless they get reinforcements will likely give way to next swing low. So, IF Bulls gets re-reinforcements a double top or retest of consolidation zone. IF More Bears...
I made a easy comparison of dax 2004-2008 and 2012-2016 Its said things go in cyckles
Alongside negative divergences in RSI, MACD and AO i spotted that price action is making lower highs and lower lows.. also kijun crossed tenkan to bearish and ichimoku cloud turned to bearish. I think not confirmed yet. But when it goes on with lower highs and lower lows this should lead down south.
DAX30 is about to hit a resistance level that previously got double topped+the current bearish trend line. Chances are high that it will not break 9560-ish level. Thus I would see it a very good and relatively safe opportunity to go short on this one! Safe and successful trading!
It's been a while since I updated the long term count. My intermediate bearish view was confirmed in the mean time with DAX putting in a spike above the previously indicated magenta TL from the ATH, however quickly losing momentum and failing also to keep above the 200d MA. The decline from ATH was very choppy, with waves which were difficult to count, so there...
The DAX30 index is moving in a descending wedge, which is a bearish formation. We can see that the market respects the formation, in which an overshoot of the upper trendline resulteted in an overshoot in the ABCD move (Which then hit the support line). We have a major ABCD move going in bearish direction down to 8350 and combined with the formation, it would be...