The exchange rate is a multi-week intensive decline expected. Nearly 18% down from the current level. This means that the target price of the motion is around 8900 levels. From this level you can start later with a stroke of 40% more significant increase. But you have to wait. Currently, we are looking for short passes in the exchange rate for a few weeks. This...
Dax has returned to within the broad topping pattern seen over 2017-18. While this is not ideal action, the fact that the market broke down in the first place and is held in check by our moving average still provides a bearish posture.
Our first target (yellow horizontal line) has been negated for now. Taking out last week's high on a closing basis will...
I have been watching the DAX H&S form for a while now. This pattern has now been confirmed with a break and weekly close below the neckline.
A descending neckline indicates fundamental weakness and could imply a swift drop.
I am short with a first target in the 10,700 area, and my ultimate target under 10,000.
This should be a hedged Options only trade as the current net E7 HARMONIC patterns for the last 2 are neutral.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
DE30EUR is decreasing. The exchange rate generates a second downward wave of a triple wave structure. The target price for the second downward wave structure may be around 11783. Then we expect a correction wave structure. Its peak is the intersection of a D1ATR axis. Area of 12215 level. Then the third downward wave, which is the target price of 10882, is completed.
DE30EUR half wave correction. The exchange rate is currently in a double wave structure. The main trend is short. However, a second rising wave (BC) is likely to occur. This wave is expected from level 12296. The second wave rise target price is 12953. By reaching this level, I expect a more powerful downward movement. Which is the target price of up to 11,000 points.