Pattern: Channel Up on 1D. Signal: Long as it approaches a Higher Low. Target: 11250, the last high and current resistance.
Pattern: Rectangle on 4H. Signal: Scalping within the soft Support - Resistance range (10808 - 10955). Hard range (1077.50 - 10990.50) can be also considered by those who seek maximum profit but on greater risk. Target: Short TP 10820, Long TP 10940.
Green line is Take profit Red line is Stop loss If you are not short yet, wait for a re-bounce to the neck line,
Head and shoulder pattern completet. Holding at the lower longer term trendline. RSI confirming a meltdown in volatility and volume is low as well. Nevertheless, it looks like the future will break the lower trendline and the RSI continue its way towards the lower oversold line. Interesting will be to see the increase of volume, which would provide and indication...
In the long long time frame, we could be just in another correction, ending wave 4 in area 9000-8800 before resuming the uptrend towards 15k area. Just an idea that needs to be confirmed by Eliott wave levels. Any ideas are welcome as always.
We are watching a bearish movement based on the drive of the time target. Next could be a probable uptrend.
We are watching a bearish movement based on the drive of a previous time target. Next will be an uptrend.
We are watching a bullish movement based on the drive of the time target. Then a probable downtrend after the next time target.
DAX - Moving bearish as expected. TheLiveTradeRoom
Looking for areas for DAX to resume its fall in line with break of longer term H&S pattern. Cautious TP since attempting a double bottom
Fibo levels are very popular.If the price breaches this levels,markets react.These levels are of good note for tape reading the market.Whether bullish or bearish.You should know of these levels