Using simple trend lines it's reached the top and now it's time to retrace at the very least and go further perhaps. Up until Draugi speaks in December that is.
Nice daily Pinbar on the close today. The Pinbar's high mark the top of the move and a level to place protective stop loss above. I've targeted the 38.2 Fib level as first target level.. obviously you can use smaller time frames for shorter term targets. Tomer, The MarketZone Follow me on TradingView Subscribe to my newsletters - goo.gl Follow my blog -...
Price has formed a bullish ab=cd pattern with its D point at a strong support level. Stoploss and profit targets as shown at the chart. As usual if price reaches the first target movw stoploss to breakeven to the second one. Likes and comments are welcomed.
The german stock index DAX30 is running out of steam after a 600 point climb in October. Not surprisingly it needs a break, which makes a pullback scenario likely. I don't believe there is enough juice left in the market in order to let the DAX30 break the current horizontal resistance as well as the upper border of the downtrend channel. A short pullback...
We have seen a very volatile range in the Dax recently, in lower timeframes, but if we use a bird's eye view of the situation, we can see that the previous mode support from this leg's uptrend held and it's about to fire an uptrend signal. My previous monthly downtrend analysis is currently invalid, and we can expect to get excellent opportunities on the long side...
Expect that DAX will test again the all time highs until December 2015. I think december FOMC meeting can bring the 1st rate hike since 2006. My opinion bulls will lose control in 2016 and bears will come and bring DAX to 5.500 area (see the red line from the last lows) . SHORT TERM - BULL LONG TERM - BEARISH See chart to understand my view...
I had posted bullish setups in the past, which got invalidated. At the time, I didn't expect such a massive sell signal to emerge, but now it's confirmed. This serves as demonstration, since you can't enter safely now, but you can know the direction the index will take in the intermediate term. The downtrend signal aims for 7430, in the span of 5 months max,...
Tomorrow we will get news and see if this major resistance are is going to break. Otherwise it could offer short opportunities. Watch it carefully. If we go through, expect at least move close to 11k.
Simple analysis on chart. Made on request. Cheers, Ivan Labrie Time at Mode FX
Bund's forming a rising wedge advance, which looks like a terminal pattern ending in a lower high. A similar pattern is in the TLT chart, and probably also forming in the S&P500 in the coming days. Time at mode trend signals have failed and led to a retest of the mode, and a new uptrend signal, and then a second one confirming this week after the close. I like...
In the previous days i've watching Dax closely. Yesterday i came with a post explaining that dax is in a corrective structure ready for a sell off. Looking now to the chart i have indetified two harmonic bearish patterns, a bearish gartley and an ab=cd pattern forming in a key resistance level. In addition we have an abcde corrective pattern completion at the same...
We have a bearish advanced Gartley pattern which happens to complete at the 50% retracement level from the previous highs (9/9) and also it completes where the current down channel crosses too.
This is an update to my previous EURAUD chart, I was waiting for a long entry and it just presented itself to me. We have an hourly impulse forming, looks like a 5 wave advance, which could be the first of a new bullish cycle. The daily chart shows a strong mode has been formed and price is about to move above it, after producing a series of strong moves up...
I don't need to say anything, this is an absolutely gorgeous setup. Entering long at market during Sunday open with a wide enough stop below the 16 bar mode should work really well. I'll look into scaling in every chance I get from the 4h chart here. Initial target is the triangle's top by June 22nd, potentially extending to meet the balance point, which matches a...
Simple, analysis on chart, confluence of contrarian but very powerful bullish signals. #1: Ending diagonal triangle #2: rgmov divergence #3: Quarterly ROC up #4: Absolutely extreme move down based on the Bollinger bands. #5: Time at mode daily downtrend expiration. #6: CCI oversold but divergent vs previous peaks. Good Luck, Ivan.
As depicted in the chart, we might be at a major turning point all things considered. Here's the technical setup I'm seeing in a smaller scale, which could evolve into a very large home run long if I got it right this time. Things to monitor: A decisive strong break up from this area Rgmov uptrend to remain intact Should be interesting to watch what...