Not sure about US market gap direction tomorrow, so looking at FDAX. Not oversold yet, so another Euro selloff could cause US markets to gap down tomorrow.
Decided not to go long yet, probably tomorrow.
Liquidity sweep from the day before leaves price targeting daily lows & liquidity. Price to seems to be creating inducement . Stopping out retail once again before the final move down. TP @50% of the daily liquidity pool
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
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I feel like there's a high potential for a gap down Monday for US market if Europe rolls over, FDAX indicators pointed in that direction.
Not worth the risk, staying cash.
Overbought and at ATH.
I think there's a good chance the market gaps down Monday, but can't really short anything because NVDA appears to be melting up.
You can tell some of the traders and algos did a pump and dump on the gap up this morning, but not enough of them to make it worthwhile to short the market yet. I'd like to see the algos dump on indicators...
DAX hit overbought and rolled over on the 3 hr. Monday is a holiday for us but not for them.
Chance of a gap down Tuesday, I do not recommend holding a long position this weekend.
I bought a few puts, just beer money bets for now.
This seems to be more difficult for me. I like to discuss this one.
You can see converging lines, but they were converging even more months to years ago.
There was a quite strong spring. It has been tested strong but remained strong untill march 2023, when the banking crisis started. next week a lot of folks are looking at the ecb.
The testing of the clear...
The big difference between an active private investor who makes losses and a successful professional trader is the discipline factor. As a rule, it is not due to a lack of knowledge on the part of the private investor, but rather the sudden change from one technology to another. A professional trader who does not stick to the trading plan will fall out of favor...
The basic idea of swing trading is a combination of bottom fishing and trend following strategies. The investor acts strictly trend-following by acting exclusively in the direction of the prevailing trend and taking advantage of entry opportunities where the price is close to the technical chart guidance line that accompanies the trend, be it a trend line or a...
Hello Traders,
Following the New Year, the DAX has tempered its upward momentum. After the first significant correction in a long time, resulting in a 3.4% drop from the all-time high.
The price has fallen below the 32 EMA and the 82 EMA on the 4-hour time frame, leaving it sandwiched between the 200 SMA and the remaining pair of EMAs. The last time these...
Poor high and excess at low of previous day market profile. 30min symmetrical triangle. Will watch OBV to confirm move/breakout. FED day so possibility for choppy price action.
Same course of action if price is to break to the downside of the pattern, potential to fill small volume cave.
Would likely execute with time filter
This bull run is going to run out of stream real soon,
Just PA and VP alone.
I still see a lot of aggressive buying on the CVD so I'm going to take my chances at a minor POC above
This selloff appears to be confined to the US indices today. Strange.
I think earnings have more impact than FDAX, not gonna post FDAX again until after AAPL reports next week.
Following weekly chart.
The last time when I get a short signal to in weekly chart was 4 weeks before COVID crash. (red area in the chart)
Now I got the same signal and unfortunately this is the most trustworthy signal for me.
I think this 4 weeks are really critical and what I expect is we might way to go to gaps below.
Be careful and be careful!
![FDAX1!: Germany [Large Cap EU] vs. USA](https://s3.tradingview.com/h/h3kkkFTT_mid.png "Germany [Large Cap EU] vs. USA")
