Price Broke Relevant Resistance Impusevley making and made a bg correction , this is a bull flag finally it broke our flag and price is now rejecting our support on Higher Time Frames also there's also mini head and shoulder within the bull flag making this a high probability setup for me.
Here is my view for GER30 on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Nice zone for sell in my opinion.
We should go down before, check my last analysis, but some institution changed narration, anomaly:)))
regards if you read that
if you follow my analysis for GER30, then you can compare the before and after. how elliot notation can help you to determine the areas that could be the beginning of a reversal. as of now, the biggest possibility is to enter a correction period. if you trade here, look for areas to continue short. as long as the price goes up and not higher than the invalid area...
GER40 - 24h expiry
Daily signals are bullish.
We are trading at overbought extremes.
Short-term momentum is bearish.
A lower correction is expected.
The 1-day moving average should provide support at 15980.
The sequence for trading is higher highs and lows.
We look to Buy at 15981 (stop at 15896)
Our profit targets will be 16191 and 16241
Resistance:...
when the price moves higher than the bullish area, then at this time an exten wave 5 could occur. if we pull the fibo extend from wave 3 then now it is 50% the length of wave 3, most likely the price will continue to move up to 1:1 with wave 3.
We are at an all time high frame,on the 1 h price has crossed the 1 hour support, however this could be a fake out and price could make a significant retracement to the down side. Wait for a retest and any other confluences before entering a buy
DAX40 H4
Same thing applies here for DAX, you can see clearly how high we are trading from the D1 timeframe, analysis scaled into the H4 however. Alerts adjusted slightly for that 16005 sell zone price now. Really hoping to catch something right down towards 15740. Patience pays. US100 no doubt looking more attractive, but more susceptible to US figures manipulation.
Today's focus GER30
Pattern – Range – diagonal consolidation pattern
Possible targets – Upside, 15,985 – 16,160; Downside, 15,718 – 15,530
Support – 15,740
Resistance – 15,965
Hi, and thanks for looking at today's update. Our focus is on the GER30 as price sits in a range but has also formed a wedge/diagonal pattern that could signify movement to come. It's an...
Hello Ger30 indicator. In a positive state with a bullish flag. And the correction of the last wave on an important ratio in Fibonacci 0.5. Likewise, this correction came on strong support at 14650. With the formation of very positive candles indicating a strong entry for buyers to rise again . Note: If you like this analysis, please give your opinion on it. ...
DAX40 H8
Waiting patiently to see that 16000 resistance price again (alerts set) or see this support price of 15750 trigger. Either way, we are trading around high price and whole numbers, with a solid 250pt range to benefit and trade between. Tight stops and effective range targets.
GER30 is close to a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 16007.70
Why we like it:
There is an overlap resistance at the recent swing-high
Stop Loss: 16109.20
Why we like it:
There is an overlap resistance that aligns with the 127.20% Fibonacci extension
Take Profit: 15707.45
Why...
the last week's Ger30 index is only sideways, and the price respects the trendline well. the analysis is still in accordance with last week, we are still waiting whether there will be a bullish extend or a bearish correction
GER30 is approaching a key resistance level and reverse from here. We could see price move down to our take profit target.
Entry: 16007.70
Why we like it:
There is an overlap resistance at the recent swing-high
Stop Loss: 16152.18
Why we like it:
There is an overlap resistance that sits slightly above the 127.2% Fibonacci extension
Take Profit: 15641.60
Why we...
there is a clear limit at GER30, it could be that when the price breaks the upper limit, an extend wave occurs which can be long enough to continue being bullish. look for areas to buy after positive prices break this upper area.
GER40 - 24h expiry
We are trading at overbought extremes.
Short-term momentum is bearish.
Bearish divergence is expected to cap gains.
15750 continues to hold back the bears.
15729 has been pivotal.
A break of the recent low at 15729 should result in a further move lower.
We look to Sell a break of 15719 (stop at 15801)
Our profit targets will be 15519...
