This is an analysis of trend formation. The DAX (Ger30) appears to be in a precarious position. Several features are shown on the charts. No one knows what the future will bring. Some may have ideas but no one can know the future. Sound traders take positions with an acceptable, affordable loss. Looking back to 25th February 2020, no one knew with near...
@ganesh So the DAX H1 Lond Setup is working like a charm. Both entries are in profit and it appears that I might go up further I have also included some comments about trades taken by @ganesh cheers ps: I have linked the original BUY Setup Signal below
How simple it looks like before you enter any trade. Trading is simple, but hard. Horizontal Fib levels and Gann Fan always fascinating me how precise they are even any fundament news. Fundaments only moves us up or down across these levels.
This a brief tutorial explaining pullbacks/retests/drawdowns in the market. I hope this helps put your mind at ease. Example shown is of DAX30/GER30 Telegram @RichDadBre
We're longing the DAX, this is why. Telegram: @RichDadBre
The DAX has definitely popped! Some say that the Federal Reserve and the ECB will un-pop what has been popped. I have serious doubts about that! When I was a child I tried sticking back my bust balloon with sellotape and blowing it up again! It didn't work. I think the FED and ECB will be taught the same lesson. They may blow some hot air of cheap money back...
According to wolfe wave strategy, the 5th wave should be above the channel. Here we go. 6th wave is the target.
I'm out here again stalking my prey. Just sharing a few observations. The markets are there to prove me wrong. No predictions in this.
In this video I look at an interesting compression on the 15 min EURUSD and quickly review a critical price position on the US30. This follows up from my other videos. A strong EURO is not great for the Ger30, so if it strengthens around now, there could be more bearish pressure on the DAX. The DAX tends to rule the worlds markets and has not suffered as...