Updated

Potential reversal on the DAX, confirmation needed first!

Stock markets have been dropping again this morning, probably from the negative trade war news. However, i think the DAX is trying to force a small reversal as we speak. You cant see it here, but it made a small wedge from which it dropped out below. If it jumps back in again than we can assume that buyers are stepping in again. Safe play would be to wait for the confirmation.

I will update another chart so you can see what i am saying here

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It's not there yet, confirmation would be above 11860 and 11900

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Looking good now, to get a real confirmation i would like to see a small acceleration.

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Ideally we will see something like this next few hours. But usually Europe does not have the balls to start a counter move like this without the US, so we will probably have to wait before it really jumps. The start is at least there now

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If we can get above the previous high it could kick start the inverse H&S

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Go go go goooo :)
US has opened and Europe have found their balls to push through the neckline. Don't wan to see price getting below the 11870 with a max of 11850

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I have closed half at 11960, seem to be making a rising wedge. Close stop for the rest as well

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They pushed right trough it, so it looks like a more stable rally now. Could be the wave up I have been waiting for. Put my stop at my entry level now, letting this position ride the wave this week

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I think i nailed it again, predicting the reversal even before it started :)
Amazing how stock markets work, with that trade war news from china, pushing everything down and just rally up like nothing happened :). I have seen this tricks so many times, just amazing how they do it :)

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This position is going even better than i dreamed it could be :) I have moved the stop to around 11900, i am going to led this position ride, think we could go towards the 12.500/12.800 the next few weeks. Than start wave 3 of the bear market.

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Second bearish wedge they broke to the upside, means some people are planning something. Looks like they will push it out of that big channel today.

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It's almost breaking out now, ideally we go towards that read area the next few weeks. Could be sooner could take longer.

Around that blue area i am planning to build up a very VERY big short position. This has been my plan ever since we made the big drop from the ATH. But each attempt to go higher the last 2 months got sold off. But patience is a virtue sometimes :)

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Not a real breakout yet of course, but we are getting there. My guess is, we will only see sideways correction (correction in time). So nobody can jump in the bull train who did not dear to do so yesterday. My wild guess is, first correction will be around 12.300/12.400

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How about that guys, what a spot on analysis if i say so myself :). Just amazing how the manipulation at the stock markets works. I have moved my stop to 12.300, it's enough for now. Could push further up to 12.400, but i think when all bears are pushed out, we could see a correction. Than i will buy again.

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Futures are crashing as we speak. but this drop is harsher than i thought, so i wont buy directly tomorrow and will wait until price will a bit. Ideally we stay above that channel so price only makes a pullback to test the new support

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Think price could go down more today and maybe tomorrow. I am still flat since my stop got hit at 12.300 and waiting for prices around 12.1xx to get in it again

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I think we can start to make a correction now since the big rally from last week. I am not trading it, just waiting to go long again, somewhere around 12.100/12.200 i think. Depends on what the price will do and what signals i get if we get there

botje11

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botje11

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