If it breaks the neckline and confirms the head & shoulders top, you can expect another leg down to 8136 - 7700 (maybe even this year). If no breakdown occurs and 8902 holds, I expect a decent bounce to 9500+ Also, interesting ratios between the last 4 waves indicate good downside potential.
SHORT SWING TRADE he EURUSD is in a really good trend right now. It has been in this range on the 60m chart for the last 3 weeks trending lower. I think that this is a good trend and will be trending this way for the next week in the very least. The average trade swing length is roughly 36-60 hours with an average swing of about 100 pips. I will be going in...
QE3 ends this October and stock markets will dive before ECB or FED interventions. When QE1 ended stock markets dive 17% and when QE2 ended dive 22%. My target still around 8750 level, then i will see.
The June to August decline in Dax seems impulsive while the september rally seems corrective. A conservative equal legs target for Dax is at 8762. If this ends up a 1/3 rather than an A/C, we would be seeing much deeper targets than 8762. The wave structure will tell us that in time...
I cannot stop think about, (like many others), when we will get the fallback in the stock market. Is it possible the DAX could follow the pattern i drawed here? What do you think stock brothers.
Volatility is increasing and it is good for swing traders. It is also good to see that the market is coming back to a normal stance, where Central banks are less intervening, or that there intervention is not effective anymore, because at the end of the day, for those who believe like me in liberal economy, you should really do let buyers and sellers fixing the...
QE3 ends in October and you know the behavior of the markets when QE1 and QE2 ended? No? QE1 dive 17% and QE2 dive 22%. So my target at 87xx make sense. DAX this week CAN make a final push until ECB meeting this thursday.
DAX is fighting with 50 days MA. Last time (26th June 2014) when DAX begin some correction 50 days MA reject the move and turn up again. Probably this time will work the same way, but my 87XX target still in place.
Long term Head & Shoulders pattern forming on DAX. Needs further confirmation. False breakout and pull back from resistance. RSI divergence.
Last week DAX jump with SP500 to 9900 zone after the Alibaba madness. DAX is back down currently to 9700 small resistance zone. On the daily DAX created a RSI divergence and bearish top candle 9758 is weekly Pivot / next resistance 9600 good old heavy resistance in 2014 If 9600 (9624 weekly S1) hold again DAX will have an other attempt to jump to new top. 9400...
The Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market. I do believe that this will cover the gap and then begin moving downwards. I have set a very short SL and have a very healthy 2.38:1...
Miss my upside target for 60 pips... is nothing. For me is time to get SHORT positions and wait.
Friends, INTERMEDIATE GEOMETRY COMPLETES: As we looked at different perspectives during the coiling geometry, which we proposed to belong to the Elliott Wave's Running Flat breed, we looked into the internal geometry of this Flat to determine a maximal level at which price would likely reverse and complete that time-consuming Flat pattern. Turns out that...
Friends, In addition to this live chart, I just finished a refined analysis on $DAX here: - Cheers, David Alcindor
A very important resistance is at 9800 area. Any close above 9800 DAX will go for new all time highs. If 9800 hold a H&S formation is on the way, see 3 RED BOX in the charts. Any weakness from US indices, will hurt DAX. My target still at 8700 level.
After breaking the 2011 trendline in august, DAX is back at the 2011 trendline. DAX is back in the 9800 zone. Combination from the old trendline 2011 and 9800 zone and fibolevel is a strong resistance zone. Before breaking this zone DAX can go back to 9600 before jumping to 9900 zone.
Friends, My original analysis from 22 JAN (see "Related Ideas" link below) called for a top-reversal at 10,037 and a decline to the 7568 level - Since it hit that level dead-on, price rolled, but recovered a larger part of that decline - Question is: Will we ever return to any bearish level again, now that central banks are publicly in the business of purchasing...
Surprise, surprise ECB cut rates yesterday and boost again stock markets. A very important resistance is at 9800 area. Any close above 9800 DAX will go for new all time highs. If 9800 hold a H&S formation is on the way, see 3 RED BOX in the charts. Any weakness from US indices, will hurt DAX very bad. My target still at 8700.