eustx50 may fall from here . volume on this rise is not supporting and bearish divergence as well.
we may complete harmonic butterfly pattern.
NFA DYOR
🖼 Daily Technical Picture 📈
➤ Equity markets continued to bounce and bounce hard from the support level. It is looking very orderly, VIX is dipping in concert. It is seeking to re-test the 4200 level once again.
➤ It is unclear to me if prices will take a detour prior to the re-test in terms of a short-term reversal or the Bears are happy to wait to apply...
Royal Dutch Shell 'A' - Short Term - We look to Sell at 19.49 (stop at 20.37)
Short term momentum is bearish. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We have a Gap open at 19.49 from 25/11/2021 to 26/11/2021. We expect a move lower in a corrective sequence, targeting...
Trend Analysis
The main view of this trade idea is on the 4-Hour Chart. EU Stoxx 50 tested support around the 4080 price level and is currently testing the downward trendline off the 4240 high and the 4210 lower high. Expectations are for a breakout of the downward trendline towards the 4320 price level. This target was derived as there is a symmetrical triangle...
Long taken on EUSTX50. Broke past high after the vaccine news yesterday and have held so far. Price can hopefully continue up to the next level of past resistance.
I can see a potential Long setup for EUSTX50 index. Couple of things that I observed:
1. Price is currently retesting EMA(200) and this is also a resistance-turned-support zone (back in April 2017).
2. A divergence observed between the chart and RSI(14), as chart is making lower low, whereas RSI(14) is making higher low.
If price can close around 3530 (which I...
Ideas:
-Buying high to sell higher may work, but chances for corrections in the next years are likely.
-Selling or shorting may be unadvisable. Despite the chance of corrections, shorting behavior is similar to bubble behavior. As always, there is a likely chance there are shorters who will have losses.
-Selling actual stock positions that have been bought lower,...
A Trump victory meant a rally for the global dow of 76.5 points(+3.2%) 4 days before the elections for the next 21 days.
By end of the year, it might reach the yearly high, close to 2490. Maybe next year we'll see 2500 and above it.
Global Dow is an index with top 150 companies around the world.
More on wikipedia:
en.wikipedia.org
More upside for DOWG if it...
The turning point would be between 2980 and 3010 , due to strong structure levels as horizontal and lines support and resistance are all consolidate at the same zone.
Good morning traders,
EUSTX50 seems ready for bullish continuation after double bottom and looking at Ichimoku supports the idea.
So Long with SL @ 2850
US Stocks and German DAX also bullish.
Good luck, comments welcome !
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6 Trading Rules :
1. Never add to a losing position .
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