Possible pull back up to upper resistance line. If It breaks through wait for a significant close for a continuation to downside.
They say never go against the trend, but it looks like a very strong resistance to break and maybe a chance to take some fresh aid before further raises.
The Dax has been reluctant to short term indicators as of late, and traders have seen more of an impulsive bull rally, often finding it hard to get a good entry. After this mornings Gap up, I will be sitting out, waiting for some form of confirmation. My long term view is a slight pull back and push up towards 13,800 (Upper resistance channel). Then we could see a...
Possible short in Dax30, Ger30, indication Fibo D1 and RSI over 80%
GER30 we have head and shoulders pattern buy if breakout targets on the chart sl below the head 11900.00 thanks for attantion if you agree put the finger up it will be big support for me
Good morning Traders. On last dance before we pull out the blanket and aiming to 11600. We might late bullers buy it into 61.8% retrace - 11367 - but thats not a must. We might even topped and heading south from here. Drive safe
A pin bar on a daily chart signals a direction change. Here the stop loss is at the top of the pin bar where there was strong selling pressure. I am short a EURUSD future in my margin account and will buy UUP in my 401k. EURUSD can fall as GER30 and DAX show strength. I will look at going long on DPK or some Europe etf in my 401k. Traders can take precautions...
A possible bullish butterfly could be in forming in the DAX or GER30, which could give some buying opportunity around 0.786 - 0-886 Fib levels which is marked as D in the chart. Targets could be around the 38.2 and 61.8 retracement of CD leg. This all could happen provided right price action at point D. Just an educated guess which could help you in making...
Good morning traders. Friday is here. what a joy. here not much chanded. still waiting for the last drop before bulls will rull again. REMMBER pivots line (ORANGE COLORED, weekly and daily on screen), if you think to jump in. Drive safe. Let the padestrian cross first ! the chart here should be valid for few days now. Lets watch.
Small down day for global equity as expected. The 2 wave could have finished or very soon. Strong buy for the DAX to play a bullish 5th wave.
On friday we have German CPI, if its higher than expected it means that Germany will push ECB to start tapering. Higher EUR exchange rate and tighter monetary conditions should push this equity down. However don't forget on a higher time frame we are still in UPTREND!
Good 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...
DAX : The bull rally is far stronger and going to last a bit longer than expected !! Targets on SPX500, DAX and Nifty all have been surpassed and we are still in Wave 3. Expecting a bit of correction -- Wave 4 correction of Bigger Wave 3 !! Target - 12232 - By end of July 17 Longer Term Target -- Buy on Dips !!