RSI could go still up, MACD bullish, OBV hasn't turned Maybe bullish run isn't over yet? Hard to believe this but anything can happen. www.harmonictrader.com
On the chart i have drawn the linear regression for the time frame (TF) 360, 180, 90 and 30 days (12, 6, 3 and 1 month respectively). 12 months: bullish 6 months: bearish 3 months: bullish 1 month: bearish a.k.a. mixed signals. Looking at the linear regressions, i think we'll see a relatively neutral, range bound but volatile, first half of '16 with a possible...
My analysis - bullish gartley pattern + symmetrical triangle .
So far as OIL is being under 40 $, I dont see much of an upside. I've been waiting for some magical spike on OIL to boost the markets. . If magic happens and we get it to the 40's , then we may penetrate through 11064 and even 114xx, and start thinking going to the new highs. Then ofcourse we have ECB that "will do anything to boost the economy" -wildcard....
Short term projection is about 100 pts lower and a retest of the pennant, whether the mid term resolves in a head and shoulder or a break out of the month long consolidation remains to be seen. I tend to lean lower.
I'd like to see one of these B points to be fully broken. Break to the upside would be a nice play for a Bat, minimum
We have two possible long positions on the INDEX:DAX . 1. If price touches the first blue area, check if there is divergence on either MACD or stoch . At the moment we can see MACD diverging from the price. If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H . Will...
Disregard the other chart I made the other day. We have one possible long position on the FX:GER30 1. If price touches the blue area, check if there is divergence on either MACD or stoch . At the moment we can see MACD diverging from the price. If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double bottom or w/m ...
So we scalped here and there, but took no serious positions in this :poop: show of an index lately. We've adjusted the support of the broadening top from our previous view (see related) a bit down after what seems to be either a bottom or a dead cat bounce. Same rules apply. Whatever is happening here, we're going sideline into FOMC on $GER30. Enjoy the :poop:...
I think i see a zigzag in the DAX. I have not traded the wave-patterns much, but i do my best. If any expert out there have a other view on this, please comment so i can make it better next time.
A clear 5 wave move to the down makes us believe that a correction is coming. A divergence with RSI adds to our thoughts. Just wait for the breakout and go long. Stoploss and profit target as shown at the chart.
Forecasting an extended flat correction within the weekly trend. Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
After the never ending rally finally peaked, dax had a vicious decline yesterday. Volatility was very high, almost 700 points intraday range. The big question now is - is a more tradeable intermediate top in or not? In my opinion, the answer is yes, but we will not have confirmation until the market breaks down into an impulsive decline (5 waves). The strenght of...
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