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DAX - Completed a Head and Shoulder on the weekly timeframe The DAX has broken the H & S neckline as well as the 200 MA on the weekly timeframe. It is potentially heading to the 10000 area but will the trendline hold and produce a bounce. This is not trading or investment advice but my personal opinion.
GER 30 Approaching Support, Potential Bounce!GER30 is approaching its support at 11779 (100% Fibonacci extension x2, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 12460 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is bounced off near its support at 3.3%.
After triggering a 30min inv h&s BTC now forming a normal h&sso far it has completed a left shoulder and a head keep an eye on it to form a right shoulder. If so I will switch from neutral to short if I see it break the necklien and confirm....but only short for a little while considering 30minute head aand shoulders don't typically drop too far.
DE30EUR Bounced Off Support, Potential Rise!DE30EUR has bounced off its support at 12501 (76.4% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 12889 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 3.6% where a corresponding rise could occur.
DAX change of a trendI expected DAX to get to the end of a bullish trend a while ago but didnt happen. now we are on the verge of a bearish trend and candles confirms that with daily candle closed below lmwa10. SL is above recent high at around 13105 and first take profit target 12670 and second at 12380.
DAX Taking Profit time... But no "big short" for now (later)Just as american indices the Elliott count suggests that the "big short" is coming a bit later ! Anyway there's no point buying the current prices either.. Buyers must get out here and wait for better prices to come back in for the last ( III ) wave before we get to reach the final supercycle count.. Which will mean that we will finally be able to get that supposed "big short" trade ! At least a low risk level to try it out !
Anyhow for the moment it's time to eventually short for a daily/weekly retracement and the signal should be coming pretty soon.
Connors' Price Action Analysis // Germans' MoneyHi traders.
EURUSD is currently forming a strong short around the 338, its very expected to stay short for the next 3 or 7 hours, which can make us profit between 200 pips. because thats what I aim for. I care about pips, not profits as most traders do. Its what brings me money in long term.
I will be updating this chart as time goes by. It'll surely be a good trade. Stay tuned!