German
DAX LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on DAX as price takes out the weekly lows liquidity + old lows sell side liquidity. Price filled the D1 imbalance and takes out stops below 14.000 institutional figure, if we will see a bullish closure on the H4 with this ,,hammer,, candlestick there is a high probability of the DAX going higher alligned with the US STOCK MARKET correlation that should rise.
What do you think ? Comment below..
Elliott Wave Analysis: German Bund Is Trading At SupportHello traders and investors!
Today we will talk about German Bund, where we see very interesting support level after recent bond market crash.
As you can see, bonds are sharply down and if we take a look at German Bund monthly chart, from Elliott Wave perspective, we can still see a corrective decline within higher degree wave (IV).
From technical perspective, ideal support would be here at the former wave IV, 38,2% Fibo. retracement, base channel upper line and the 155 - 150 area.
So, be aware of limited decline and watch out for bounce and new rally within higher degree wave (V) soon.
Trade well!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
What's up with Deutsch Bank ($DB)I drew this setup about 10 weeks ago and since everything worked as planned so far I decided to share it.
DB is in a symmetrical triangle (weekly/daily chart) or maybe even in a falling wedge. The previous trend was bullish, nice HH (higher highs) and LLs (lower lows), what gives rise to the idea, that there could be a bullish breakout. The BO is confirmed, if this weeks candle closes outside the formation. Most likely this weeks candle will have a small to medium upper wick, since it is approaching a certain type of resistance, called a Order Block (OB). OBs are similar to support and resistance areas. After hitting this OB we will most likely see a retracement in price back to the purple area (area of interest/ buy area), where I will enter my first long position. My S/L is beneath the grey resistance zone. My TP is at the end of the black arrow, I choose to exit there because there is a major resistance and it is a very relevant area.
To me this sounds like a tempting well thought through trading idea.
But remember: use proper risk management and be responsible.
As always: no financial advice
DAX 30 May Drop Further - Short GER30FX:GER30
If you are interested, wait until price gets into the yellow box. Then open your trade using proper risk management.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
#BTCUPDATE - 3.8.21 NEEDED CORRECTION IN PLAY
I would not see this is particularly bearish movement but more of a needed correction. There could be a bit of manipulation happening to drive market down whilst potentially new German institutions are wanting to come in and play.
We are in a confirmed downward channel and trying to find support - getting back above $35.5k is positive and a pretty key support. Breaking will take us to $37.6k and then onto $36.3k if that doesnt hold.
A bounce here can take us quite quickly up to $40k again.
My play is to wait it out and if losing $37.6k then to short to $36.3k. Breaking up on the $39.3k should lead to $40k.
There is a bullish divergence printed on the 1hr coupled with the Key Support could indicate a strong bullish #bounce here.
Robin Hood Short Descending Triangle Price Target $26.52 ENG/DEEnglisch:
15 min time frame
The stock market start of Robin Hood, was as expected, not very successful.
Currently, the price has broken out of an upward trend channel (green lines) which could have become a five wave Elliot Wave, downward, and in the afterhours rose again, in the pre-market I expect further increases between 35.86USD up to 36.78USD.
Then I expect a decline to 33.41USD followed by a final ABC correction to the top of the Descending Triangle.
At 34.10 I see C as finished, and the beginning for a five wave downward movement.
The target of wave one I estimate at first 32.47USD followed by a correction wave two movement to 33.32USD (retest of the Descending Triangle).
After the price bounces off 33.32USD, wave three begins with a price target of 29.56USD
In wave four, I expect a correction to 31USD
followed by the last wave five to 26.52USD
The price targets of each wave can vary for me the primary target is 26.52 USD
My short entry
Entry 35.80USD
Stop Lost 38.39USD
Take Profit 26.52USD
Attention no investment recommendation or financial advice !
You act at your own risk, this idea is no guarantee for accuracy and or a successful trade, and serves only as information or comparative material.
Deutsch:
Robin Hood Short Absteigendes Dreieck Preisziel 26.54$ (ENG/DE)
15 Min Zeitfenster
Der Börsen Start von Robin Hood, war wie zu erwarten, nicht besonders Erfolgreich.
Aktuell ist der Kurs aus einem aufwärts Trendkanal (Grüne Linien) welcher eine Fünf wellen Elliot Wave hätte werden können, nach unten ausgebrochen, und in der Afterhours erneut angestiegen, im Premarkt rechne ich mit weiteren anstiegen zwischen 35.86USD bis zu 36.78USD
Anschließend rechne ich mit einem Rückgang auf 33.41USD gefolgt von einer letzten ABC Korrektur bis in die Spitze des Absteigenden Dreiecks.
Bei 34.10 sehe ich C als beendet, und den beginn für eine fünf Wellen abwärts Bewegung.
Das Ziel von Welle eins schätze ich auf zunächst 32.47USD gefolgt von einer Korrektur Welle zwei Bewegung auf 33.32USD (Retest des Absteigenden Dreiecks)
Nach dem der Kurs an 33.32USD Abgeprallt ist, beginnt Welle drei mit einem Preisziel von 29.56USD
Bei welle vier rechne ich mit einer Korrektur auf 31USD
gefolgt von der Letzten Welle fünf auf 26.52USD
Die Kurs ziele der einzelnen Wellen können Variieren für mich ist das Primärziel 26.52 USD
Mein Short einstieg
Einstieg 35.80USD
Stop Lost 38.39USD
Take Profit 26.52USD
Achtung keine Anlage Empfehlung oder Finanzberatung !
Sie handeln auf eigenes Risiko, diese Idee ist gibt keine Garantie für Richtigkeit und oder ein Erfolgreichen Trade, und dient lediglich als Information bzw vergleichsmaterial.
de30 long German Index BuyBought at a proven demand zone. Expect it to be bullish for the rest of the day.
Rolls Royce - Are You Ready For The Ride?Hello everyone, if you like the idea, do not forget to support with a like and follow.
RRU formed an inverse head and shoulders pattern , but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the neckline to buy. (gray area)
Meanwhile, until the buy is activated, RRU would be overall bearish and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DAX - DE30 testing its All-Time-High!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on WEEKLY: DAX is sitting around strong resistance and all-time high in green so we will be looking for sell setups on lower timeframes.
on H4: DAX is forming a channel in red so we are waiting for a new/third swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the green zone.
As price approaches our lower blue support, we will be looking for buy setups.
Good luck!
🌋 XRP [Ripple] Top - Down Analyse by TraderBRO Although the xrp supply is big and some big guys are dumping their coins in the market (non stop) i can not ignore the current state of the altcoin market in relation to XRP.
🥏For the newcomers to technical analysis: in contrast to 90% of TV analysts, I have built up a skill set through 1000h+ chart time and mentorship from major names in the scene that has proven its worth for quite some time. I don't
want to reward myself here, but I would like to point out that you should take a close look at this analysis to understand what price action analysis is really about. Any indicators are a distraction and lag behind the actual price.
🔥In the following now the analysis:
I will start with the monthly timeframe from where I will work my way down to the hourly timeframe. Bigger Timeframes are acting on lower Timeframes pivotal! The reason behind this "phenomenon" is that the developing price action produces supply and demand zones. The higher the timeframe, the longer the period for the "market" to create a strong supply/ demand zone . Google "Supply & Demand zones" to understand the basics of tA (Support-/Resistance Principle)
On the Monthly Timeframe
it is clearly to see that price has reclaimed a pivotal support level on a monthly basis. I drew a down trendline to show that the reclaimed support level ist with a high probability a shit in trend temporary. Furthermore we see a bullish engulfing pattern which gives confluence to my idea.
The Basic of a bullish price trend is a series of higher highs and higher lows -> hence the bullish engulfing is the visualization of a bullish trend on lower timeframes!
[$BMW] Quitte ou double ? // Double or quits ?FR/EN ( below)
FR
Le stratège de la banque suisse, Nick Nelson, a passé en revue les secteurs de la cote.
Il est acheteur sur BMW, je suis plutôt neutre à date, pas assez d'indication sur un reversement de tendance clair et confirmé mais on peut être ambitieux ( attention :) )
En vue weekly, la tendance est toujours baissière est le rebond a été assez franc et test les 50€.
L'idée est d'observer si nous tenons le support ou ce prix marquant des 50€ sera un rempart qui ne pourra pas etre franchi dans l'immédiat.
Dans le cas de continuation baissière , une revisite des plus bas n'est pas à exclure 20 € étant le point psychologique cible.
Si on contraire, les acheteurs reviennent massivement et qu'on rebondi sur les précédents sommets de 2002 et 2007 , le prix se heurtera à une forte zone entre 65€ et 90€.
Est-ce seulement un creux pour repartir à la hausse et de recharger fortement l'un des fers de lance de l'automobile allemand ?
Dans les deux cas, on attend les confirmations aux échelles de temps qu'on souhaite.
En observation , la Tenkan Weekly refait support après cette grosse baisse.
Le Chikou est assez loin et nous donne pas beaucoup d'information à l'instant T .
En revanche, une mouvement assez similaire sur d'autres indices comme le $Bitcoin $ BTC ou l'$Ethereum dans le secteur de la crypto ( ex: ) montrent une évolution des prix progressive avec un passage de la Chickou Weekly à travers ce passage fin des nuages d'Ichimoku.
Cette finesse des résistances pourraient être une zone de passage dans un scénario haussier.
A voir comment tout cela se décante.
Donc Nick Nelson, je respecte votre opinion (les arguments sont là) en revanche, je resterai en attente avant de donner un quelconque signal sur du prix de l'action BMW
Ceci n'est évidemment pas un conseil en investissement
Stay Safe
PEACE !
--
EN
The Swiss bank strategist, Nick Nelson, has reviewed the sectors of the stock market.
He is a buyer on BMW, I'm rather neutral to date, not enough indication on a clear and confirmed trend reversal but one can be ambitious ( attention :) )
In weekly view, the trend is still bearish and the rebound has been quite frank and is testing the 50€.
The idea is to see if we can hold the support where the 50€ price will be a bulwark that can't be crossed in the immediate future.
In the case of a continuation of the bearish trend, a revisit of the lowest is not to be excluded, 20€ being the psychological target point.
If, on the contrary, buyers come back massively and we bounce back on the previous peaks of 2002 and 2007, the price will come up against a strong zone between 65€ and 90€.
Is this just a trough to start up again and to strongly recharge one of the spearheads of the German car industry?
In both cases, we're waiting for confirmations on the time scales we want.
In observation, the Tenkan Weekly is back on its feet after this big drop.
The Chikou is quite far away and does not give us much information at the moment T .
On the other hand, a rather similar movement on other indices such as the $Bitcoin $ BTC show a progressive price evolution with a passage of the Chickou Weekly through this fine passage of the Ichimoku clouds.
This fine resistance could be a passage zone in a bullish scenario.
Watch out !
So Nick Nelson, I respect your opinion (the arguments are there) on the other hand, I will stay on hold before giving any kind of orientation on BMW stock price
This is obviously not investment advice.
Stay Safe
PEACE!
Translated with www.DeepL.com (free version)
EURUSD darf falle-le-lenGuten Morgen liebe Trader,
nach wie vor haben wir im übergeordneten Chartbild kontinuierlich bärische Struktur die wir natürlich weitestgehend mitnehmen wollen.
Aktuell befinden wir uns erneut in einem interessanten Korrekturbereich wo man sich mehrfach hätte gut positionieren können, in meinem Fall als Intradayhändler bot sich gestern das 66.7 KL in grün gut an. Ich und mein Team liegen bei diesem Trade im Moment bei guten 40 Pips im Profit und lassen den Markt nun risk-free bis ins Ziel laufen.
Anmerkungen und Ideen gern in den Kommentaren hinterlassen :)
Grüße,
Chris
German BUND Approaching Resistance - Elliott wave analysisHi traders,
German BUND made a clear, five-wave drop in March, which is a sign of a bearish trend, however as we know after every five waves a temporary pullback may show up. Here we are observing a w-x-y correction underway, with resistance/bearish turn at the 174.80/176.8 region, where Fib. ratios of 0.618 and 0.786, and also equality measurement of waves w and y can suggest where price can slow down.
Once we see a five-wave minor rally within a (c) wave of y, and a sharp drop from potential resistance levels, and a breach below the lower channel line, that is when BUND can resume its bear run.
Trade well,
The EW-Forecast team
CoronabodenNach den Panikverkäufen der letzen Wochen im XETR:DAX könnte sich (vmtl nach entsprechender Luntenbildung) ein "CoronaBoden" abzeichnen.
Es könnte ein guter Anlaß für den überverkauften Markt sein, zu drehen.
Die fundamentalen Daten sind auf dem Höhepunkt der schlechten Nachrichten. Außerhalb Chinas ist das Wachstum noch exponentiell, und große Teile der Bevölkerung verstehen exponentielles Wachstum nicht und sind von den täglichen Zahlen erschüttert.
Dennoch hat sich in China die Kurve auf nahezuhin 0 Wachstum abgeflacht und es gibt keinen Grund anzunehmen, daß dies in Europa nicht auch der Fall sein wird in 3-6 Wochen.
Natürlich fühlt sich bei diesem Chartbild ein bullisches Play wie ein Griff ins Messer an, doch den Mutigen gehört die Welt :)
Auch halte ich weitere Kusverluste für wahrscheinlich, doch zunächst sollte sich ein Rücklauf einstellen.