Long-term effects, could look at lower time frame for entry level. Level 15 0770 was the last perfect entry if you missed it please relax and wait for another time.
Order BUY DAX NASDAQ.NMS Stop 20.97 LMT 20.97 will be automatically canceled at 20230401 01:00:00 EST
DAX weekly exhaustion volume at wave 5 wolf at strong monthly support. Needs weekly downtrend break confirmation. Will exit for small profit if doesn't confirm.
You guys now I always track the DAX, something I just noticed.... it's got a head and shoulders pattern going on.
Keep in mind that Germany was in trouble before COVID, the only reason why it went up was because of negative interest rates. Now that rates need to go up, they're screwed. Positive interest rate is probably worse than COVID and Putin combined for...
The German index continues to bounce around the 200 day EMA as we have seen a lot of consolidation in this general vicinity. The 200 day EMA is obviously an indicator that a lot of technical traders will jump on, as it continues to be an area that longer-term traders pay close attention to. Furthermore, when you look at this chart, you can see that we have gone...
the market has reached the 0.78 level but it could not be broken with force and we see a wick on the last candle. for me it is a sell signal. So if the price breaks the level 0.61 fibo there ' will have a probability of going to level 0.5 fibo or less
on the other hand if the price has rebounded it is necessary to forcefully break the level 0.78 fibo there will be...
If this breaks upwards expect pumptardedness until the end of the year.
Keep in mind that the EUros control the morning gap with futures so if Euro markets break out of the pennant, we'll see the market gap up everyday.
Dangerous right now to short US indices, stick to garbage stocks and countries.
I've plotted this before, and it looks like we're finally done with wave 4. Europe is more than likely going into a recession, China deal has little to do with them.
Futures follow European markets(just look at last night) so it's going to be an uphill battle for the market even if the US doesn't go into a recession. Not to mention those bastards inverted...
Now, there are several bearish patterns that have emerged in the DAX chart. The 5-wave count and the H&S pattern with a descending triangle are all very bearish signs showing the correction is not over yet, and there is still plenty of room to fall for the DAX.
Look to enter a trade after the break of the descending triangle pattern, which is also sitting at the...
