Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in...
A red channel is descending, the trend is completely downward, you can see that the Dax stopped precisely with resistance. Later, it returned to resistance in a short time and again it did not succeed. Now the sellers are taking over. Entry price: 11980 Stop loss: 12250 Take profit: 11630
11,980-12k is a key resistance area - any pullback could see a drop to 11,700
Hello to all who follow my charts. The Dax runs exactly in the long trend channel up I have drawn I marked it red again so that he is better to see. The dax today has 2 new resistance lines taken out of his way, which I have now marked as support in blue. These are the two upper skewed straight lines at about 11775 (current state) So he has continued to...
We see in the graph above some points that strengthen our opinion about Sell position: 1. According to the Ichimoku Indicator, we are totally bearish as we are under the cloud and the blue line above the red line in W1 2. we can see that we are in a bearish channel with lower points each time and right now we are in the resistance 3. As soon as the price touched...
We are currently on very serious and important resistance that will determine the direction of the DAX for the coming days, According to Ichimoku indicator we are still in a downward trend, despite recent increases! And we are also on the resistance of the Fibonacci retracement (23.6) Which means continue to move in the original direction. For all the reasons are...
I take a long due to this chart. downtrend is getting weaker and it could be logic that it is testing the trendline again. I'll update this chart on a lower timeframe to enter a short position when it is at the trendline.
Read the graphic expecting a downside move to 9500 Watch the pattern...
after the market open any one can enter with the 1:2 ratio stop 110 pips and target 250 pips
We see a pullback towards an old important support line. Worth to take a short from here.
As mentioned on the previous analysis, DAX was on a 1D Channel Up (RSI = 58.600, MACD = 166.500) that hit our 13,141 target and under overbought pressure it broke to the downside and nearly tested the first support at 12,919.58. As seen on today's 1D candle, the Channel Up pattern is technically broken (STOCHRSI = 0, ADX = 53.909, CCI = 48.7206, Highs/Lows = 0) at...
GRXEUR Hello traders We have strong supply zone on the chart but now market oversold we may have correction something like flag patern or more complex we may go to near demand zone and if price dont break this zone we may sell sell from demand its a risky trade so you can wait until price break supply zone and then sell targets on the chart
13250 resistance zone But.. Candle is still pretty bullish. wait for a small consolidation with rejection candle before taking a short. Do note, it is a counter-trend trade, the structure is still very bullish. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk...
Hi traders. weekend is here. time to relax and look back. They say older people are wiser, since they know what happened in the past, hence they git a wider view. Weekly chart we can see a great divergence, meaning we should welcome the BEARS are enjoy the downhill ride. It doesn't mean it will happen on Monday, but bear in mind - it will come sooner then...
Short double top over 12.800 include fibs reversal to next target 12.560, 12.390, 11,980. Short possible on basic trend line red.