2024/11/21
Daily 4XSetUps - Things Are Not Looking Good For ADS Last 5 Days
“things don't look good - 5 red bearish trading days including today!
why didn't November's low hold? does October last? will 200.00 € hold?”
247.6 € : 2020/03/05 - GAP High Coronavirus Outbreak SellOff
245.1 € : 2020/03/06 - High Of False Trading Day Inside GAP
237.7 € : 2020/03/06 - Low Of False Trading Day Inside GAP
234.9 € : 2020/03/10 - GAP Low Coronavirus Outbreak SellOff
209.3 € : 2024/11/21 - last price action
These are the most important price actions for the
ADS share. The GAP is essential in the historical context because it allows us to differentiate the price action into historical low prices and/or highest prices. But since we were still at more or less 100.00 € at the beginning of 2023, we shouldn't be so hasty - which is why the price target of 248.00 € is also dated to the end of the second quarter of 2025.
“Because our educational system is hung up on precision, the art of being good at approximations is insufficiently valued. This impedes conceptual thinking.”
Ray Dalio
236.5 € : 2024/08/30 - August High 2024
225.6 € : 2024/11/11 - High After Trump Election
223.3 € : 2024/11/21 - 100 Trendline SMA1 hl/2
217.2 € : 2024/11/21 - 200 Trendline SMA1 hl/2
212.2 € : 2024/11/06 - Low After Trump Election
209.3 € : 2024/11/21 - last price action
207.8 € : 2024/09/11 - September Low 2024
Currently the price action is more or less around our entry price. And it doesn't look good - I won't fool you. The last 5 trading days were and are (including today) red bearish trading days. Since I formulated this long 4XSetUp, I have never perceived the danger of being stopped out at 200.00 € to be so great. Although I assumed in August 2024 that we bulls would be busy until the end of 2024 with a support zone forming above the 200.00 € price action. So that in 2005 we can trade and/or invest in a higher price action again. However, what is more important is the fact that after the failed breakout from the GAP described above, the
ADS share is currently more or less oscillating sideways after Trump was re-elected to the White House - even until the last 5 trading days. As the price action felt down under the 100 sma and/or 200 sma trend lines. As I wrote two weeks ago: “So we are currently talking about a calm before the storm - the beginning of a medium-term and/or long-term trend. Bullish or bearish trend? I don't know!” Therefore, definitely operate with a stop price - even if we are stopped out. That's part of the business. But first we should watch and hope that €207.8 holds as a resistance zone. And based on that, the 225.6 € will be tackled again by us bullish traders and/or investors.-------------------------------------------------
248.0 € : 2024/08/14 - Stop Price
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217.2 € : 2024/08/14 - Entry Price
210.0 € : 2024/11/21 - last price action
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200.0 € : 2024/08/14 - Stop Price
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With best wishes
and with good intentions!
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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Disclaimer
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.