GER40 - 24h expiry
Price action looks to be forming a bottom.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The primary trend remains bullish.
50 1day EMA is at 17765.
A Doji style candle has been posted from the base.
The corrective cycle lower looks to have stalled.
We look to Buy at 17830 (stop at...
1. Daily Break of Structure (BOS)
2. 50 & 100 EMA Cross down on H4 and PA retest of EMAs
3. Retest of BOS
4. Trendline Break and Retest at H4 EMA Crossover
With the previous trade taken taken yesterday got a chance to make a scale in, and this further goes in line with the trading plan of scaling in only when the previous trade is in profit.
German DAX has pulled back to the 50d sma and 38% retrace of the move up of the last few months (since last time it touched 50d sma). Looks like we may get another leg higher despite the clear lack of supportive fundamentals/geopolitics. Think we see 18600-19000 before a bigger effort to correct.
Long 17800 tgt 18800 wroong below 17400.
A trade according to a proven and tested strategy, I like to call it triangle set up commonly known as the break out structure. Took a sell after a retest at a resistance area, and made a double top for further confirmation.
The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure.
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At rising channel toppish, look like pushing up momentum is greatly reduced looking at the gradients of each rise. RSI is diverging. at BB top, has shown a bearish bar. high risk to reward ratio.
Using my strategy, a triangle set up, commonly known as the breakout structure. I enter my trade at a retest of a sensitive area (a area with multiple touches) and I place my Tp at the base of the triangle therefore making me a swing trader as some trades take a day or more. And this one isn't any different
Good Evening and I hope you are well.
Today nothing moved the markets and I was humble enough to book some early profits and scalps before US open. I left it at that and am very happy with that decision. Days like this are the death for inexperienced traders, so if you lost money today, train on a paper account when market is this choppy. Leave your ego at the...
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
yesterday's NYSE dragged Ger40 but we can monitor the movement of GER40 and Tesla also impacted the downfall of the stock let's monitor our Technical movement and wait for a straight rebound
The DAX (DE40) has made a bearish breakout through the pivot. Could the downward momentum potentially carry it lower towards the 1st support?
Pivot: 17,847.70
1st Support: 17,658.40
1st Resistance: 18,152.00
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Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves
Support & Resistance are set by the...
- The market has been trading inside a bearish channel since the beginning of April ; the short-term trend is then bearish.
- This bearish short-term trend took place after short-sellers took control of the market following a new record high above 18,600pts.
Indeed, the prospect of a "higher for longer" narrative regarding monetary policies made the current high...
The DAX has put the geopolitical risk premium behind it to start the week, despite the Iranian attack on Israel over the weekend. IF the hourly stochastic can reach its upper quartile and maintain, a positive swing is likely to result.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC,...
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