Let's delve into a significant pattern observed this week on the Dax weekly chart – the key week reversal. As the name implies, this pattern signifies a reversal in the market trend. It typically emerges following a robust preceding trend, as we've witnessed in this case, characterized by a strong upward movement.
A key week reversal occurs when the market charts...
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An expanding top pattern, also known as a broadening top or megaphone pattern. It is characterized by a series of higher highs and lower lows, resulting in the formation of two divergent trendlines that gradually move apart from each other. This pattern indicates increasing volatility and uncertainty in the market.
Key characteristics of an expanding top...
Hello friends, in the video, I showed that there is an ending pattern in the weekly timeframe, which is clearly Negative normal deviation in the MACD indicator. Then, in the daily time, I determined the possible path of the price if the ending pattern breaks.
The trigger for selling can be the break of the pattern in the daily time.
From a fundamental point of...
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Trading is Timing !
Stop being too...
Hey Traders,
As we end the Trading week we can look at a great instance of market value for exits and entries.
The DAX rising fast to prev highs and that means we want to STOP buying and take exits.
You should only really be buyinh dips and selling on moves up.
Watch for more.
Some pre market commentary, SPX - expecting a bear trap after open, then higher. Wheat may be affected by the hurricane in Florida, Bonds hit an important fib extension, Gold looks promising if it can get over 1675 resistance, DXY also looks like it may pullback - BTC could still move to lower 18000 area before a move up (would align with one more low in equities)...
I forgot wheat - still looks fine for bulls.
All in the video, expecting a pump up today and then further selling to 3700. Sentiment is extremely bearish and so with the technicals I'm watching I'm expecting a rally sooner rather than later. OIL looks good for a nice swing up, Gold as well, Bonds may have a breakout on TLT, but we need to see follow through -...
An overview of the markets I often cover. Dollar should pull back lifting just about everything, Wheat may have to retest 800, Bonds ABC continues to 120's, Dax (germany index) looks interesting at support and may be hinting at a larger bounce in world markets. Good luck!
Multiple time frame analysis on Dax.
Price action & key levels.
Potential scenarios and thoughts.
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Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I would also appreciate, if you would smash that like...
Xetra Dax 30 Cloud Chart Trading Review!
On its way to test cloud chart support levels for potential rebound! Looking for swing trades in and around cloud chart rebound zones!
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Hello everyone , as we all know the market action discounts everything :) a short video where we look at the 4H & 1W chart trying to understand the market and the direction of the trend .
Starting with the 4H chart ,the trend seems to be bearish after the price dropping from an all high, This break higher has left behind the sideways trend from the last few weeks...
