DAX is following the monthly triangle pattern now going to test the higher pattern linen(Tl) so a resistance level for the time being, it depends upon how market reacts here as it is a rising tl ( dynamic) so new and higher level every month
will post possible monthly and weekly levels in the comment section
Cycle from 10.23.20223 low in DAX is in progress as an impulse Ellliott Wave structure. Up from there, wave 1 ended at 17003.28 and wave 2 pullback ended at 16345.02. The Index rallied higher again in wave 3 towards 18567.16. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 18275.94 and wave...
Volkswagen's chart has been performing well, aligning nicely with our expectations, though it might not apply universally for all Elliott Wave Analysts. We've made three entries into Volkswagen, closing one while still holding two. Our first buying decision was timed during significant pressure on the German stock market, particularly impacting the automotive...
At Volkswagen, we're now placing a limit order for Wave (ii), as we've once again failed to master and reclaim the trend channel. Consequently, we've fallen below it again. However, we believe we're dealing with Wave (ii) and anticipate a significant push upwards after a bit more selling pressure. This situation has a somewhat sour aspect, as it's possible we're...
📊 In the one-hour time frame, due to the decrease in the downward momentum of the price movement, in case of the failure of the upward downward movement trend of the price and stabilization of the price above the range of 18,220 units, there is a possibility of the price increase up to the range of 18,300 units🎯, and in the case of the strength of the range of...
Here I will document my trades to keep track of them and ask you to comment.
The trades are based on a spreadsheet that combines common trading approaches. In the next posts I will explain them in detail.
At the moment I have a combined result of -0.86. That triggers a signal short.
Tilray tested its resistance three times and finally broke out. Now its testing the new support. If it stays above and build a candle above the support, this could be a good entrance. The SMA shows a bullish crossover.
On the other hand the RSI looks bearish and is maybe too high. The MACD shows a bearish crossing, too. And the Volume is going up - but maybe not...
Since our short scenario for the DAX was invalidated, we had to reanalyze and concluded that we are dealing with a very long and extremely bullish scenario, as it's the only other option we have left for the DAX. We assume that, on the weekly chart, we will reach a minimum level of 22,000€. This scenario is supported by a trend channel that we have now broken and...
✅DAX is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the index is about to retest the rising support
Thus, a rebound and a move up is expected
LONG🚀
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Douglas, the parfumerie chain, has experienced a significant decline in its stock price since its initial public offering (IPO). With the stock now trading around 50% lower than its IPO price, it appears to be approaching a potential accumulation zone between the price range of 20 and 15 euros. This analysis explores the possibility of this price level being an...
Hello,Traders!
DAX broke out of the
Long-term rising wedge
And the breakout is confirmed
So we are bearish biased now
And we will be expecting
A further move down
Sell!
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Check out other forecasts below too!
We see a completion of an inverse H&S Motif on the breakout of a longer term Resistance... Short Term Target 34 and longer term 44 (average Analyst's Target). I would say : THAT's really bullish now.
Tesla should form a bigger range here, expecting range top to be around 325 EUR. My previous long term NASDAQ:TSLA forecast is playing out perfectly and wanted to also post it for european followers.
SID Potential Breakout Analysis
GETTEX:SID is showing signs of a potential breakout based on technical analysis, indicating a favorable moment to explore investing in the State Bank of India (SBI).
Why State Bank of India (SBI)?
State Bank of India (SBI), as one of the largest and most reputable banks in India, offers a compelling investment opportunity for...
