Weekly: - price reaching some long term resistance - Market has become overbought, as priceis too far from long term equilibrium levels (Kijun and Kumo) - Ichimoku setup is very bullish, but sooner or later a pull back will have to happen. - Weekly supports are: 3400 and 3291 (very strong support) Daily: - Still very bullish Ichimoku setup - The wedge is still...
Again, when it is that perfect, you need to raise the level of paranoia but this is really interesting. One of those 2 trendlines would be meaningful alone. For the market to manage to chose the right timing to come and hit both at the same time is interesting. Big Picture: There is a very high probability the next 10% are down. Leeway: Allow extension to...
Daily: More signals suggesting a pull back starts. - Second Heikin Ashi candle, which shows hesitation and dropping bullish momentum - Price may finally break the wedge - MACD bearish, haDelta slowly dips further - Chance to revisit Kijun Sen ard 3480 is increasing. Bullish supports are: 3480 / 3290 (this is less likely to reach) 4H: - Price attacks Kijun Sen and...
Not a clear signal yet, but we are building up before QE release next week. For now neutral, later short. Good luck to all and have a nice weekend.
It looks like it can never ever fall again! Central Bankers invented the perpetum mobile :-). Yes, this market is very bullish, and it will remain bullish (that is something what we have learnt in last 3-4 years as a natural side affect of QE). But as everybody knows it will pull back at some point within the trend. I've been also waiting for the pull back...
Daily: - Ichimoku setup is long term bullish, but Price is far above equilibrium levels (Kijun Sen and Senkou B) - Price has been trading in a short term flag, stuck at flag top. First support is Tenkan Sen at 3398. - HA candles are more bullish, but in every third day some undecision comes to the mkt, forming doji-like candles with both upper and lower wicks -...
Weekly: Not much to write here, on weekly time frame this index is very bullish - Price is well above Kumo, Tenkan and Kijun Sen. There can be some pull back at some point, but still Chikou Span will be in open space. Most important note on this chart is the Key Support at 3130. Until Price is above that, it has to be considered as bullish biased - HA candles are...
Daily: The picture shows a possible bearish swing ahead. - Two doji-like Heiken Ashi candles followed by one clear red with no upper wick - haDelta is below SMA3, both lines dropped below zero - HA Oscillator is bearish too Possible retracement tgt is 3200-3220 4 Hrs: On the lower time frame the picture is still neutral, but with increasing bearish bias. -...
Long term target should be 3700.0. Bull flagging. ECB is helping us.
Daily: - The Ichimoku setup is bullish, with supports at 3305 and 3175 - 3210 area. - Slow Stoch is slightly bearish, but MACD should confirm it with a bearish cross too, or else it can easily turn back to bullish again. - DMI shows decreasing confidence, but the bias is still bullish - Heiken Ashi candles show consolidation and undecision for the last four days...
Daily: - Ichimoku setup is long term bullish - Yesterday Heken Ashi inside candle, today is a doji candle so far -> top consolidation or signal for a pull back - haDelta cross below SMA3 -> top consolidation or pull back - Oscillator is still bullish 4 Hrs: - Bullish Ichimoku setup with a thick Kumo ahead - Short term bullish support is 3210 - Heiken Ashi signals...
The market has flipped energy up. The last 2 weeks are likely to be a real breakout. The rounding top may be higher. ESTX50 could potentially climb another 10% before Topping. Around 3700, ESTX50 may start a multi months oscillation process that could lead to a collapse towards the end of the year.
ECB expected to come with 500Bio to 1Trio. There's a large array of possibilities in the details and the language too. At this stage market would like precision and decisiveness. If this is delivered than Eurostoxx could enjoy a 10% rally over 6 weeks (just a possible scenario). Until Draghi tells us how he plans to play it, it is difficult to tell. Note 3550...
Yours, mine, mine, yours... buy sell? What to do? As you see no one knows. Price is clearly stuck in a tight range, in fact it is a choppy swinging exactly around the equilibrium level. But there is more! Daily (Heiken Ashi candles): Everything stays perfectly together to form a totally neutral picture to increase undecision. - Flat future Kumo, with Kijun Sen...
We have more signals todays indicating the selloff can soon accelerate in European equities. First of all please check my previous post on the link below Daily: - Chikou cross below Price candles - weak bearish signal - Price is flirting with Kijun Sen - If it breaks below, then the very important 3100 support becomes a resistance. - MACD is close to bearish...
Daily: As Price is very volatile, the longer term equilibrium (Senkou B line - Kumo bottom) is not really changing, stays ard 3050. In terms of Ichimoku signals it is very hard to read this volatile daily chart. There is too much noise as Tenkan is almost corssing bullish above Kijun, future Kumo components (Senkou lines) point up) but Chikou is about to cross...
Daily: 3300 resistance refused, Price is touching the short term trendline, which may be broken soon as both MACD and Slow Stoch is bearish now. 4 Hrs: Price down to Kumo and 100 WMA. A break below could bring further selling and then DMI will confirm with a bearish cross too. 1 Hr: Bearish now, with Price breaking below the Kumo, and Chikou Span below Price...
As given: stock markets tend to move synchronously & any downward adjustment is likely to occur together. One labelling solution as here on EuroStoxx is possible without compromising rules of overlap, wave 3 longest etc. makes wave 4 as a giant months long expanded flat (3-3-5). Not that it was much of a 'correction', it did break the support line. Most indices,...