Short Term Elliott Wave view in DAX suggests cycle from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and pullback in wave ((ii)) ended at 16830.28 as the 30 minutes chart below shows. The Index then rallies higher within in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from...
Here is 40y upward chanel...the price reached diagonal resistance
Situation assessment XETR:DAX 1. We have reached another trend reversal zone 2. In our opinion, “much” after “above” is no longer possible in the future We would like to apologize for the inaccuracy of last week's forecast {wink} when we headlined as follows: 1. Weekly UP peak: between 18,406 and 18,518 (Bonus: 18,630) 2. In perspective, ...
its making HH and HL so we will wait for green candle to confirm our entry
Ger40 is still having a great bullish run, being that last week it opened and closed out of the previous month high for the first time. Not much high impact news coming from the German markets
Multi-frame Highs and Lows, OB's and IB's. Bullish Uptrend, Price hasn't broken structure as yet.
it continues making a eries of HH and HL so it will continue to remain in bullish trend untill it show a major reversal pattern.
Selling Pressure on 1HR 15 min OB used as entry. Entry: 18187 SL: 18230 TP 1: 17956 TP 2: 17803 Fibonacci Levels used for take profit zones.
-----------DAX DOWNSIDE MOVE IS ABOUT TO HAPPEN----------- DAX index shows a few signs that it is ready to deep dive. The course is at all time high. Economic indicators like GDP, interes rate, emloyment don't support that optimistic behaviour. Weekly RSI is at overbought territory. And daily RSI shows divergence. I think it is time to re-consider the long...
Resistance retested and now on the way downwards to the 3rd touch within the trendline lets see if it will be able to break it
Idea based on multi-timeframe h/l's, IB's, OB's. All buy levels smashed creating new high. Looking to see if we create lower low on higher time frame or continue higher.
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...
DE 18 Mar 24 This is a guideline for trade on 18 Mar 24 Happy trading everyone
Good Morning and i hope you are well. Last week the dax bulls created a potential exhaustive very big island gap, US indexes ranged at the highs, gold ranged after the uber bullish move up and oil did exactly what i have been writing for many weeks now. No matter how you want to draw it, Nasdaq made lower lows, printed 2 consecutive weekly bear bars (last time...
Trading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade.
The Dax40 broke a lower time frame structure, 17930 was a support which was respected at lot, but a quick scapl can be spotted. The trend is although still bullish but the short term bearish setup could be placed upon retest of the structure.
Reason: Market Structure = Bullish Break of Structure Fair Value Gap