Germany
Sliding doorsGood morning traders. Basiclly im still short from yesterday top = 61.8% retrace = 12370.
Our Problem is SPX is keep bumping the 200MA on the 1hr chart. and hold. So daxi stuck here.
2 options on the table. SPX bounce once again. could leed daxi back to 12400.
SPX breaks 200MA down. daxi RED.
watch the fib lines for possibale turn point + the orange pivots as usuall + add killing zone - in bright boxes.
Drive smart !!
Messing UpGood morning Traders. We are in really diffcult time in US market. Good news mixed with korea fear. But lets not trade the news.
I will expect US market to keep pushing (labor day, low volume, bullish bias). Question is until when ?
So stay tunes.
for daxi we might see some morning profit takeing, but thats not a must.
Drive safe !!
Bitcoin Group SE (Germany) / Psychology of MarketThe idea of full market cycles is important to understand. “Where” you are within the current long-term investing cycle has everything to do with your long-term outcomes. The psychology of a major bubble follows a similar pattern, but having risen to ridiculous levels of leverage, has very much further to fall. Much greater collective psychological extremes are experienced in a rare period of manic optimism, and its inevitable aftermath.
Butte of 350Good morning traders.
Today 12350 is our target. it it fail to hold then the way down is open. i still expect US market to do some topping.
So we might see morning sell-off, to around 50% retrace MAX, then, IF, US will top, DAX will follow.
still Bearish pattern on the 4Hr chart.
Save Drive.
Buy EUR if German 10-yr yield breaks abv previous week's highweeExpanding channel breakout confirmed last week
Yield sought support of the channel ceiling earlier this week and now staging a rebound
A break above the previous week's high of 0.58% would open doors for 0.67% (weekly 200-MA).
Sell Euros if the yield breaks below 0.50% levels. Dips to weekly 5-MA likely to be short lived.
DAX : H2 shows possible double top on 12850 before dropGER30 INDEX:DAX
Following on from the previous daily/weekly analysis (right below), the intraday H2 chart shows that the market could still need to run for a 5th subwave before reaching the ( III ) cycle end. As we can clearly identify a 1st wave expended impulse for this last move, we can plot a theoric target at 61% extension of subwave 1 starting at current supposed subwave 4 . This gives us a target that could make the prices climb up to the very same price of our current market top (and historical high). This would mean a double top formation to finish the current sub-impulse and having the perfect low risk short entry for an agressive trade.
BUT there's one important thing about the fact that when it comes down to historical highs, markets rarely fail on double top configuration (more likely on Vtop with a spiky false breakout attempt rapidly reversed).
So I think a short agressive entry on the possible double top would need to have a large stoploss in order to sufficiently be able to handle a possible false break of historical high. Of course the best case scenario would be to have a look a even lower timeframe (like 5/15m) whenever the prices will reach out to the approximate price we identified here !
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/comment/follow if you feel like it deserve it ;)
Linked D1/W1 analysis for the background trend counts :
DAX Overbought but eyes are still on 13000Using 2 hour bars you can see 2017 performance and a regression channel that puts the steady rally higher into a relative context.
Each time price reached its upper channel it pulled back within two weeks. The pullback is around 3%.
But with 13000 a key level only 2% away, we could see a swift leg up before pulling.
Idea; sell 3m calls at 13000 or set sell limit order at 13000.