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GER30-DAX

Early Bullish SightsGood morning traders. I did took long yesterday @ 12404, since i belive US market is about to set new HIGHS, a move which will take few days off course. A-B setup is some what Bearish, so we might see a retest of yesterday lows. the other way will be testing S1 @12470 . look @ early setup - mark in circle - we might see this forming. So dont just jump in. wait to see where the wind blows. BUT REMMBER - we are expecting a NEW ALL TIME HIGH in us. so daxi will party also.
FX:GER30
by DaxiDriver
7
Two bearish scenarios for the FTSEUK100 (FTSE) has climbed above it weekly trading channel again this week. The losses that we saw about a month ago almost erased completely. As I see it, there are two bearish scenarios that I find interesting in UK100: 1) False Break scenario - Will be triggered if UK100 will decline and close below 7200. Currently we see a daily double top pattern near 7300, but as long as the price is above the channel's top the False Break scenario isn't in play 2) If UK100 will advance about 4-5% higher, it will complete a bearish Butterfly pattern. That will be between 7600-7700. With the bullish sentiment that we currently see in the markets no one will be amazed to see UK100 rallying 4-5% .... despite the amazing run it had already. BTW we have a similar situation in GER30 near 12,000. If you are looking for bearish opportunities - I just provided 2 for you. *Make sure you do your own analysis before making any trading decision
FX:UK100Short
by themarketzone