Daily 4XSetUps - Huge Trend Reversal Formation Is In Full Swing
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2025/02/21 - 8th Calendar Week Daily 4XSetUps - Huge Trend Reversal Formation Is In Full Swing “huge trend reversal formation is being contested from bulls & bears! how far bearish down can it go? when is the bullish formation over?”
Our German DAX DAX fell slightly further at the end of a turbulent trading week. And closed today on this Friday -0.12% in the red at 22,287.56 points. In view of the profit-taking after the recent high, there is a weekly loss of one percent. Since January 6th, the Dax DAX has closed every week with a profit. On Wednesday morning, he had even crowned his month-long record hunt with a high of a good 22,935 points. After +15% in the current year 2025 and an already very strong previous year, investors and/or traders seems to have cashed in. Looking forward to the new conservative federal government under the direction of Friedrich Merz? If yes? With whom? Or does that have nothing to do with it?
“Most of life’s greatest opportunities come out of moments of struggle; it’s up to you to make the most of these tests of creativity and character.” Ray Dalio
€702.0 : 2025/02/03 - last price action €701.0 : 2024/01/26 - 1st Bullish GAP Upper Line €688.8 : 2024/07/23 - Bearish GAP Under Line €686.7 : 2024/01/25 - 1st Bullish GAP Under Line €683.0 : 2024/09/27 - 2nd Bullish GAP Upper Line €677.1 : 2024/09/26 - 2nd Bullish GAP Under Line €674.0 : 2024/07/24 - Bearish GAP Upper Line A huge trend reversal formation is in full swing in the case of the price action of the MC1 1MC share - but things are not looking very good at the moment! Why? Traders and/or investors are finding it difficult to keep the price action above the €701.0 mark - which represents the 1st Bullish GAP Upper Line, dated January 26th, 2024. Yes, there is even a risk that the share price could fall to as much as €674.0 and/or even lower. Which would then make this bullish massive reversal pattern obsolete. Because this is the Bearish GAP Under Line, as of July 24, 2024. And a price action below this can be seen as bearish again! But no surrender from us bulls. Why? Because after the penultimate quarterly results and the last quarterly results, we also experienced a trend reversal formation at even lower levels. When traders and/or investors also agreed on 2 bullish and 1 bearish GAP among themselves. Nevertheless, I don't want to sugarcoat anything at this point - I just want to give us bulls time. In both cases the numbers were better than before - but expectations were not met. Therefore fundamentally bullish - sentiment bearish. That's why wait - and/or don't lose patience. In any case, operate with target prices and/or stop trips - (not) independent of which I formulated. Because the luxury conglomerate's shares are really, really volatile.
Have a good time - regardless of the price action! Aaron
“daily 4XSetUps - …” is pure information material! By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in DXY every day so that we learn something new daily.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.