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DAX : H2 shows possible double top on 12850 before dropGER30 INDEX:DAX Following on from the previous daily/weekly analysis (right below), the intraday H2 chart shows that the market could still need to run for a 5th subwave before reaching the ( III ) cycle end. As we can clearly identify a 1st wave expended impulse for this last move, we can plot a theoric target at 61% extension of subwave 1 starting at current supposed subwave 4 . This gives us a target that could make the prices climb up to the very same price of our current market top (and historical high). This would mean a double top formation to finish the current sub-impulse and having the perfect low risk short entry for an agressive trade. BUT there's one important thing about the fact that when it comes down to historical highs, markets rarely fail on double top configuration (more likely on Vtop with a spiky false breakout attempt rapidly reversed). So I think a short agressive entry on the possible double top would need to have a large stoploss in order to sufficiently be able to handle a possible false break of historical high. Of course the best case scenario would be to have a look a even lower timeframe (like 5/15m) whenever the prices will reach out to the approximate price we identified here ! Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/comment/follow if you feel like it deserve it ;) Linked D1/W1 analysis for the background trend counts :
FX:GER30Short
by PRO_Indicators
5
weekly outlook (DXY host USD/CAD)hey guys just a general idea on the oil price, this week we found out that the oil prices are falling which is bad for the Canadian dollar. Canada ranks 1st in the production of oil. So this might weak the Canadian dollar for a Micro trend which is now heading north. Hopefully i think you guys caught the big move last week on the USD/CAD as it was shown on my previous analysis.So here again we are waiting for some dips to enter the market & on the flip side we are waiting for price action to confirm our entry. Look for the price action on the lower time frame to catch the big moves because the markets will give you many opportunities ,grab the ideal one instead of loosing on this. i hope the scenario is clear for you guys. Don't forget to hit like & PM us for any queries. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Motivational Quote: Cut The Cloak According To Your Cloth. Good Luck...!! Regards, Growing Forex Team
Long
by GrowingForex
2
CL wider view. Possible big moves.As you can see, we've been consolidating with very little movement last week. Actually, it's the weakest weekly candle since the year of 2003! Quite possibly resetting Indicators for a big move. As it appears, we might be at the cliff right now. It's edging on the 1.0 handle of that wide upsloper. If it dips below it, we might be negating that C and move towards forming a new one, hunting for a LOY. However, if we stay in this fork, it's a big sign of a possible strong upmove, hunting for a new HOY. I believe it will play out Monday/Tuesday already.
NYMEX:CLH2017
by NickBlack
1
YM1! & DXY @ Weekly @ "operating under cloud of uncertainty""it`s been a long time as we`re coming" & "theres no turning back now ..." (www.youtube.com) as the blues - under the clintons (with their fake code red policy) takin over the US - after the cold war! By the way, paint it on the wall , if u don`t wanna buying it ;) After Bush junior and Obama, meanwhile Trump will be right red president, with the best result since years !!! More isn`t possible, hardly !!! The takin` over spoils my imagination (www.youtube.com) also :flushed: ... How ever, enough (true red or even fake blue) raps - let me show you a few calculations :P DXY raised just less than 3% & the YM1! just less 8% - last two years! Form this point of view (bigger picture - even takin over of the republicans while the midterm elections and last president elections) we can`t talk from a rally! It`s much more somthing like a come out from the blue water under Obama & this all Anti WalLStreet Movement (under Sanders). If the republicans (under Trump) the market not disappointed - lower taxes, better jobs & more fiscal stimulus - and the fed (under Yellen) don`raise the rates to fast 2017, the market is starting to anticipating and prisíng this (future) in. "No trace of euphoria - Rather, relief that we`re in power back again. And this more powerfull as we all were able to imagine!" But let`s leave that left behind, that topic we already had ;) Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a big picture analysis - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
CBOT_MINI:YM1!Long
by Devise2Day
CADCHF, Sell setup developing?Today we have CAD Interest Rate Decision, We might put in an EO for a sell if it fits our rules. “The policy statement should read similar to October as the outlook for growth and inflation remains consistent to that outlined in the October MPR while uncertainty remains unresolved. We look for an overall tone of cautious optimism.” “The Bank may make dovish reference to the move higher in long-term interest rates, though the tone should be more of an observation than a concern. There is risk for a more downbeat assessment of labour market conditions, given the weak composition of gains skewed toward part time, which has likely contributed to slower wage growth.” “Given the prevailing level of uncertainty, odds of policy easing at future meetings remain elevated, and we continue to price up to a 40% chance through mid-2017.”
Short
by lindafx
Bitcoin at an Important Short Term Cross RoadUp until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we have a series of 1H 2H 4H and 1D Bollinger Band Squeeze on the Bitcoin chart which indicate that Bitcoin will strongly move in one direction. Both bear and bull directions are depicted on the chart. If you have not been trading Bitcoin for several weeks now well now is the time to watch for the big move that will unfold in the next few hours and buy/long or sell/short the breakout accordingly. In case of a strong move down and increased volatility Bitcoin could still head to $560-570 to double bottom. Other indicators and factors to consider: $660 support has held strongly so far The 1W RSI megabull trend is still holding strong We have 2 ascending triangle as shown on the chart (kind of a failover just like we had at the 400s The 1D and 1W momentum are still bullish showing that the longterm bulltrend is still intact Google trends shows an expected interest calm which is usual after the strong interest surge of the last spike from $450 to $790: prntscr.com Longterm: Bitcoin is still in a bull market and should reach $950-1000 USD by end of September and new highs close to December 2016- January 2017 I am here to help. Feel free to ask me questions or Private Message me directly. Also follow me on Twitter: twitter.com Also check out our new website in our profile (still work in progress!) Where can I register and buy/sell/trade Bitcoin? Bitfinex Signup: www.bitfinex.com (0.2-0.1% fees - Accepts Worldwide users – If you deposit BTC to the account you can trade without needing verification!) Okcoin Signup: www.okcoin.com (Very low fees and offers 10x 20x leverage - Accepts Worldwide users except US residents – If you are a US resident you can always take the risk and open an account but remember the fake ID # you will put in there) SimpleFX Signup: simplefx.com (High leverage - Accepts Worldwide users) Circle Signup: www.circle.com (US & UK Residents Only) Coinbase Signup: www.coinbase.com (Accepts Worldwide Residents) BitMEX Signup: www.bitmex.com (Offers 50x leverage - Accepts Worldwide Residents) If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month! If it is your first time trading Bitcoin I highly suggest to open an account with Bitfinex and Okcoin.com. if you need help trading I will help you out :)
BITFINEX:BTCUSDLong
by BitcoinGuru
6