If we hit my blue+red targets (0.61fib+overbalance) - we could bounce - up to UHVA or only a dead cat bounce?
falling wedge, bullish for the DAX
FINRA short volume analysis German Big Caps ETFs (DAX and EWG) traded in US markets... Indicators above short volume DAX etf, short volume as percentage of total volume DAX etf, short volume ewg etf, short volume as percentage of total volume ewg etf ...
Thesis: US markets outperform EU markets in absolute terms when $ rises against €. EWG/SPY (Germany ETF/SPY both in $) vs EURUSD (red line) I've read many opinions on what happens to US stocks (versus EU stocks) when the dollar rises. Usually people say a strong dollar is bad for US exporters as their revenues will fall and labour costs will rise. Similarly they...
As noted on chart, will be shorting until $28.00 (yes, price action will fill noted gap). This is .382 fib ret level on chart. See chart for more details.
This is a very, very tight stop loss short setup in the monthly EWG chart. If it confirms (which it might, due to the Deutsche Bank impending collapse), we could get confirmation during October. We'd need price to stay clear from the 26.10 mark for the whole month, so we could use a stop at 26.11 without a problem here, or just trade it with options instead and...
This is chart 2 for the German-I-Shares. Chart one was for one hour time increments. This is weekly. The RSI on a weekly basis is rolling over and will most likely head lower. The 89 week moving average is heading down. The price structure is trading inside the Ichimoku Cloud. The Ichimoku Cloud is heading lower. The Ichimoku Cloud also has a red border on top,...
Since May, the German I-Shares have completed a 5 wave impulse pattern followed by a 3 wave a-b-c corrective pattern. In late June this resulted in a selloff. This pattern repeated itself for the second time this summer. After the a-b-c corrective waves (ending August 15) EWG-has gone sideways. I believe the path of least resistance is down. My next chart is of...
Fractal from Jan-Sep 2015 is a good fit. We are now about 23 April 2015. Beware - the implication of a double top is in EWG, not DAX. EURUSD price/action must also be considered.