Dow Jones - Unsustainable Gains ⚠️US30 has been making incredible gains but with all good things, there must come a period of respite.
We are long overdue a correction - which could be in the form of a slow decline or a massive drop like we saw last time. This will not happen until we see major news or government intervention which would cause a big correction.
Currently we are seeing MACD divergence which is an indication that something big is coming. Keep an eye on the minor ascending trendline and monitor that for a break.
GER30 CFD
DAX Which Channel will prevail?DAX is ahead of critical crossroads as the long-term Channel Up (blue) that was formed after the November 2020 U.S. elections is on its last leg (d) before the aggressive rally that last time (March-April) led to leg (e).
If this pattern is not repeated, then there is a new Channel Up (orange) that may continue this uptrend but in a more controlled, less aggressive manner. I believe that the signal for this will be a closing below the 4H MA200 (orange trend-line).
Which Channel Up do you think will prevail?
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GER30 4H (downward more available)Ger30, the price in a some last day tryed to get lower point but failed about that so now i think continued the downward, but another side if the price can stable above 15850 then will try to get strong upward.
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Tendency: downward
Entry: stabilize under 15710
Tp.: 15620 &15500 & 15290
Sl.: 15890
25 August wednesday: on dax , AC and stoch 4hour is red 16000 and 16200 is buyer target
in next hours dax can go down,in green arrow( we must put buylimit with sl=40 point
buystop on yesterday high is possible (dont pick sell under 16000)
enjoy bull market in 2021-2022 =buy in deep ,hold 4-5 day ,close on high
DAX 30Technical Analysis of the DAX 30 Index The main German index did not witness stability during last Friday's trading, as a result of the tension between the bulls and the bear.
Where it can be observed that the sellers took control of the DAX, we notice its decline at the beginning of trading from 15814 points towards the levels of 15651 points, and with the failure to break the first support areas as a result of the high buyers’ determination, it rebounded to close at 15819 points and turned from red to green.
DAX analysis:
The German index is moving in a bullish direction that is being formed on the 60-minute time frame, supported by the breach of the descending trend line during last Friday's trading, and it breached the top of 15814 points, and the technical indicators support our view.
· The fast simple moving average and the slow simple moving average during the last trading sessions of the last week, and its signal changed from bearish to bullish.
The Relative Strength Momentum Indicator (RSI 14)) is trading in an uptrend supported by the breach of the descending trend line and the 50-point area.
· Analysis of the (ADX) index closed last Friday's trading at 34 points, which indicates the strength of the bullish trend.
GER30 Buy the previous resistance.GER30 - Intraday - We look to Buy at 15812 (stop at 15758)
Previous resistance, now becomes support at 15800.
Dips continue to attract buyers.
We look to buy dips.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 15969 and 15989
Resistance: 15970 / 16000 / 16030
Support: 15900 / 15850 / 15800
DE30 Sell the resistance.DE30 - Intraday - We look to Sell at 15805 (stop at 15861)
Pivot resistance is at 15815.
Pivot resistance is at 15806.
Short term bias has turned negative.
Preferred trade is to sell into rallies.
Our profit targets will be 15654 and 15634
Resistance: 15770 / 15800 / 15815
Support: 15700 / 15650 / 15600
SILVER (DAYTRADE!!!)Dear traders,
As usual we are here to provide you with some new analysis, this time on SILVER.
Silver created some nice bearish movement follow by some bullishnes to complete the retracement.
We created resistance on the counter-trendline and on structure, wich needs to be broken back below again.
We have seen Silver create a left shoulder, the head and IF, but only IF we break down back below we are ready to go down.
So, plan we are going to execute:
- Wait for a break down of structure.
- Find the right shoulder.
- Grab the indicator for IF and WHEN we will take an entry.
- ENTER / DONT ENTER.
Follow me to keep updated!
Kind regards.
19 August: sellimit dax on close price and gap exact sellimit price =15900 and 15960 with sl=15985(high)
buylimit price =15600 sl=15450 tp=16100 (this buy is golden buy ,you must hold it 7-8 day,dont close with little profit)
secret= on dax always after 80 point profit ,move sl to open price,then let it go more ,understand? you can shot down pc and 24 hour go away
note=AC 4hour is red now + bad news we have (tapering , fed will reduce Corona helps and increase rate from new year) so sell pressure will high today
GER30 is going down more Dear People!
In my opinion the uber GER30 will go down more because of the broken channel.
I have entered some positions at the break of the channel, I will hold these trades till the take profit is hit!
I think you can still enter to catch some extra CA$$$$H, but that's on your own risk!
I will probably forget to update this idea but maybe not :)
Kind Regards,
Jens//
DE30 Buy the previous resistance.GER30 - Intraday - We look to Buy at 15801 (stop at 15748)
Previous resistance, now becomes support at 15800.
20 4hour EMA is at 15785.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Price action resulted in a new all-time high at 16030.
Our profit targets will be 15947 and 15967
Resistance: 15900 / 15950 / 16000
Support: 15850 / 15800 / 15750
16 Agust : powerfull sellimit in dax under gap with sl on high AC 4hour is red ,this mean downtrend will comes
china news comes very bad and will pressure dax to down (secret=when china news comes bad , dax same day will go down(down trend),,,, so china news are important on dax)
www.forexfactory.com
buylimit near fibo 61% and gap in 15580 (gap on cash xetra dax) is good idea with sl=15480 trailstop=40point (after open hold it 7-8 day until high or 16250 ,dont close soon )
if you have old sells ,you must close all or put tp in 15840(hedge location) or 15600
(on dax 99% looking for buy in deep)
DAX Elliott Wave View: More Upside Should HappenShort-term Elliott wave view in DAX suggests that the cycle from 19 July 2021 low is unfolding in an impulse sequence favoring more upside extension to happen. Up from that low, the index has ended the first leg in wave 1 at 15681.41 high. Then wave 2 pullback unfolded as a flat structure where wave ((a)) ended at 15423.56 low. Wave ((b)) bounce ended at 15659.22 high and wave ((c)) ended at 15442.63 low, thus completed the wave 2 pullback.
Above from there, wave 3 remains in progress in lesser degree 5 waves structure where wave ((i)) ended at 15702.89. Wave ((ii)) pullback ended at 15492.58 low and wave ((iii)) remains in progress with another lesser degree 5 wave advance. Whereas wave (i) ended at 15694.67 high & wave (ii) ended at 15600.80 low. Near-term, as far as dips remain above 15699.27 low and more importantly above 15442.63 low then DAX is expected to extend higher in lesser degree wave (iii) approximately towards 16014.14- 16088.64 area higher before entering into a wave (iv) pullback. We don’t recommend selling and expect dips to find support in 3, 7, or 11 swings for further upside.