The reaction post FED was a bit unexpected, at least for me. All indices ramped up (dax not so much actually) and then reversed with conviction.
The big question now is - what's next? Is this choppy 4th wave finally over? A look at the daily provides some clues. The peak of the bounce was just above the 50% Fib retrace, while the decline from there looks like...
Nothing new on the Fed side
World markets have left behind an important week, Janet Yellen 's stand on the issue for increase interest;
it's like a chess game and Now, order of China as well move
My Article : FOMC Tutanaklarindan Faiz Artirimi Cikmadi
When seen more improvement in the labor market and increase interest in the medium-term target of 2%...
$SPX managed to close the trading week above the 1950 support zone, having its best week since July.
I get a lot of questions asking whether the latest S&P bullish move is a correction wave (to its August declines) or whether August's bearish move was the correction that the market was waiting for and we are heading to another bullish wave that will conquer a...
As previously warned, once the 1st TL was broken the 2nd one comes up fast.
Down trend looks back, but this is still a chop zone, so risk management must be paramount. Choppy 4th waves can chop a lot of accounts.
GL to your trades!
DAX Index : Channel Bottom below but 34 days moving averages above
14 April 2015 in the downward movement that started from the top spot of the channel goes outside the channel on August 21, 2015 continued to move. August 24, 2015 along with the recovery in History 34 Day (Blue) seems to have the support of the moving average, but is forced to enter back into...
Bearish Bat Pattern Completion. We can also see that an abcde corrective pattern where point e meets point d of the bat pattern
Entry Point: 10340
Stoploss: 10414
Profit Target: 9844
This is update I of RSI perspective for the timeframes Weekly and Monthly. I try not to attach too much value to these types of views, as they say little about price and divergence between RSI and price can go on for a long time.
Monthly:
Monthly has broken the 2009 support and went a lot deeper than i (and probably many others) initially expected. RSI on this...
The current drop is too much too fast, although there might be some fundamental issues in the background. We had a similar setup 2011 where DAX dropped very fast in a single month. From a technical perspective, I'm neutral at the moment, i.e. too much of a risk to further short right now, but also front running going long at this stage.
Expect rebound but more...
Can eurusd rally past the quarterly resistance?
With the intense fall in the equities today, I think it's possible that eurusd rallies and confirms this time at mode weekly uptrend.
Rgmov broke a trendline and it seems to have bottomed for the time being.
The level to break is 1.13958, today.
Once past it, we should see new highs really fast, and start travelling...
The German DAX index is hitting fresh 6-month lows this morning, but we may see prices start to rebound if 11,400 holds in the next couple of days. There is a channel support at around 11,420 plus the January 27th low at 10,550 to be watched closely today and tomorrow. Given the longer-term uptrend and significant rally at the start of the year, I'm inclined to...
This is my RSI perspective for the timeframes Weekly and Monthly. I try not to attach too much value to these types of views, as they say little about price and divergence between RSI and price can go on for a long time.
Monthly:
Looking at monthly RSI i see a H&S where the right shoulder is confirmed and RSI is close to hitting the 2009 rising trend support. I...
Can't complain about that 30 minutes bearish Cypher I traded on DAX (maybe that I got out too early!), but no we have a bullish Gartley right inside the important 11000 support zone.
The potential target is the top of the trading channel and the required stop loss should be below X point (although a stop below 10,850 may be enough if that support zone will hold
DAX IS LOOKING BULLISH,
DAILY MA'S BULLISH,
WAITING ON DAILY CLOSE,
PRICE PUT IN A HH,
ABCD POSSIBILITY,
CAUTIOUS OF THE DOUBLE TOP
PRICE BOUNCED OFF 200MA AND IS ABOVE 50MA
This is an update to my last Dax long setup.
The daily chart range expansion trade got stopped, but since the time at mode setup is a weekly one, we can also attemp to go long using this entry instead.
I'm long already and keeping my stops at 11314.
The mode currently sits at 11401, with the current lows staying clear of this level.
If we manage to stay above...
DAX weekly already begin to build a ascendant channel. A big up move will come in this next leg up. I can make a projection to 16.000 to achieve in the 1st Quarter 2016, many will call me crazy. For me this number (around) can be the Top of this HUGE Bull market.
Hi Traders,
I trade for 8 years and all these years I have been using RSI which is a free indicator which also does not lag. However, I use him with trendlines connecting with higher highs or lower lows so I can see a signal when he breaks this trendline. As you can see the RSI with those trendlines, everytime he breaks those lines it indicates a breakout and...
