My previous bullish bias was negated by the break of of the TL, I am short from the retest at 11466 target 1 11200, watching price careful, as this is key support, if it breaches I will be targeting the next level at 10600.
Even so, and despite the falls at this time exceed 2% for the week it is certain that the weekly candle is not indicative of anything. At the end of the day what lies ahead is simply a bearish backlash that left a very strong support at 11.167 points (minimum of 'hammer' formation) and has since been moving sideways. Stochastic Oscillator remains rotated downward...
Recently we recommended the opening of bullish positions in DAX30 with a stop loss (on closing prices) below the minimum decreasing last (or minimum reaction) in intraday minimum of 7 May session. Now just slightly went up the stop loss up to 11,594 points ('gap' up the May 19 session). Close this 'gap' up (ie the void), execute the stop loss, given the...
A potential cup and handle pattern has almost formed on the hourly chart! A breakout over the resistance from the Cup is a signal to go long.
Potential short in DAX at 11900-Cyper pattern completion plus the 0.618 fib retracement also lies here. Target 1 at 11430 at 0.618 retracement and target 2 at the lower trendline drawn in here. Its quite volatile today, trade at your own risk.
We are starting to see Dax slowly recover from its selloff from 12.4k. Target 1 which I posted on a previous chart was hit to the T. Currently price is consolidating within the box range, Target 2 still valid only if Inner TL holds. Expecting it will. The primary TL is drawn from the previous years October selloff and represents strong support, if it holds I'm...
It had said that on Tuesday session, where European indexes rose on average more than 2%, the first resistance zone and since then have been overcome we started to have minimum and maximum growing, which is always a sign of solidity. But that's not why we think we will ever directly to the annual maximum, reached in April. In the past few weeks correction...
We have interesting news releases coming out tonight, and thoughout tomorrow's session. The technical chart shows an uptrend that is showing signs of exhaustion after correcting the strong decline from the December high from March 16 onwards. The advance was halted when price reached an area of weekly low volume resistance, where the market was extremely one...
In the last analysis of DAX, proposed to open long positions with a stop loss on closing prices in 11.167 points (last minimum reaction). In addition, as can be seen in the chart, this minimum coincide with the guideline upward from the minimum of last October. So now we can do is keep the bullish positions in the index, with stop losses at the same level. Since...
1. Bearish KD 2. Possible double top Go short on break through 11780 (purple line) SL: above the highs TP: 11680
Bearish Shark Pattern invalid - has been trumped by pattern on higher time frame Price have to go a little higher to reach PRZ then target 1 or perhaps 2. As always have to respect ratios to be valid I'm therefore short term bearish Fear not believe in what you see and trade it @BLawrencenM I use Twitter for quick intraday update and scalp plays. I hope to...
Don't Let Fear of a 'Grexit' Keep You Out of European Stocks In the chart, we can say that perhaps we have seen the minimum current corrective phase. This does not mean that, from here, the rate has to go up to the maximum of the year. In fact, you can draw a lateral movement to end to consolidate the previous excesses. Thus, after the weekly candle-shaped...
We have a divergence on the RSI and if you have read: "Scott M Carney -Harmonic Trading, Vol. 2". you will know that it looks like a Bullish RSI BAMM pattern. If we break the blue line, which represent the RSI trigger bar, then it is bullish signal to go long!
Added extra test and % retrace test and comparison to Dax to validate theory that money flows from Dax and vice versa. Doesn't seem evidence of money flow between Dax & SPY that I can see
Sorry a little late to the party but got caught up in chart chatter... but now it's done I publish anyway..cos target 2 could still be in spe. I'm bullish longer term on DAX Fear not ... but believe what you see and trade it. @BLawrenceM
The master trend is still up. Potential long trade if price breaks and closes above the counter trend line.
Bearish Shark setting up Last ATH before heading lower. Ses notations on chart and link for my other DAX charts below. Fear not .... believe in what you see and trade it @BLawrenceM Music at wok: www.youtube.com open.spotify.com