DE30EUR - 24h expiry Price action continues to trade around the all-time highs. Price action resulted in a new all-time high at 19050. Our short term bias remains positive. 50 4hour EMA is at 18663. A Morning Doji Star formation has been posted at the low. We look to Buy at 18735 (stop at 18655) Our profit targets will be 18935 and 18995 RR 2,5 Resistance:...
Good Evening and I hope you are well. tl;dr dax: New ath but market rejected it with -300+ points. Bulls are still inside nested bull wedges and a big bull channel on the weekly/monthly chart. I favor bulls as long as the current bull wedge is alive but we could test down to 18500 on Monday. Bulls should not let it get below 18400. Above 19000 I expect another...
As I mentioned before, we have opening market gap that I think the price is coming to fill this. Lets set a buy order below the gap to see if it triggers...
We have a opening market gap and an order block above it. So I think we're coming to touch this level and then go down to fill the other gap. Let's see what happens...
DAX hit yesterday Resistance 1 (the September 03 High) but got rejected and failed to close the candle above it. Naturally, the market is reacting with weakness today and so far a red 1D candle. As you realize, the key here is to close that candle above Resistance 1, which is what happened in the middle of the previous Bullish Leg of the 1-year Channel Up. After...
Good Evening and I hope you are well. tl;dr Big news first. There is no reason why markets could not continue higher. Tis what I wrote yesterday. So you have been warned I guess. Indexes - Huge gap up and go on most markets during the Globex and EU session. Right now we are mostly trading between the 15m and 1h 20ema and that’s my absolute worst spot to...
We have a CHoCH in 5m TF that means we're in a pullback of higher TF. I think this area has its potential to go long
As you can see we touched this swing high 3times and we also have a good divergence in TSI that indicates sellers are coming in. I think we'll have a CHoCH to the down by breaking the low to feel the opening market gap. If this happens I'll look for a sell opportunity...
I'll set a buy limit order in this area. Lets see what happens.
BASF Jumps 5% on Agri-Chemicals Listing News; DAX Remains in Bullish Zone Shares of German chemical giant BASF (BAS) surged 5% following a Bloomberg report indicating plans to list its Agri-Chemicals business as part of a broader corporate overhaul. While the listing is projected to occur in several years, the official announcement is expected during the...
DAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 18,652.31 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 18,500.00 which is a level that sits under the 50.0% Fibonacci retracement level and an overlap support. Take profit is at...
DAX maintains a very healthy bullish 1D technical outlook (RSI = 60.112, MACD = 108.800, ADX = 23.465) as it is extending a rebound aon the 1D MA50, after an August 5th rebound on the 1D MA200 as well. Successive holds of those levels suggest that the index has already started the new Bullish Wave of the 2022 Channel Up. We can target at least the 2.0 Fibonacci...
As the price didn't react to the area of value in 1H TF, So I think it is possible that the price come down again to touch our entry but it should NOT close below the low. I'm waiting for a lower candle shadow that trigger our entry and then go up again. we can set an order or wait for price to come to our zone and then look for a CHoCH in lower TF and then find...
We had a BOS to the down and then a CHoCH to the top. Now we have to wait for a pullback, and I think this area has its potential to set an order. This setup is in 4H TF, so also we can wait for the price to come into our area of interest and then wait for a CHoCH in lower TF like 15m TF and then find another entry zone...
Team, I am waiting for the price to move toward our position to short. We are considering shorting once the price hits below 18703-18697. The current price is at 18720 We assume the stop loss at 18775, but a safer stop loss level would be at 18817 Our target would be 18619.4. Please reduce or take profit from 50% to 70% of your volume at this price and trail your...
Good Evening and I hope you are well. tl;dr Indexes - Many new highs but also a deep pullback and we closed around the middle of the daily range. Are we smarter than yesterday? We know that bulls remain in control since we are trading above most higher tf ema but bears also sold off for 1% today on the sp500. I keep my neutral stance and wait for the FOMC...
As you can see the price broke the structure to the top again and now we have to wait for a pullback and I think this area is good to set a buy order. Let's see what happens.
Last week we were looking for a sell from 18500 with many technical confluences. We also had a 11 day straight bull run without any meaningful retracements. This is a continuation to the previous idea, as the price did not react from our level of interest and kept pushing higher. Currently waiting for 18800, which is the Weekly 0.786 fib level drawn from the all...