Dagmar_Nieft

Dagmar_Nieft

Hello Dear Swing Traders! As long as the top @25300 stands firmly the latest price move needs determining as the «right shoulder». Let us assume that it would be by far better not to let those people go rather than jump for extra liquidity above that level. So "H&S" aiming @16200 is on top of our agenda. Alternatively, another false bullish impetus but with the...

Dagmar_Nieft

Happy Fishy day Thursday, Dear Swing Traders! On one hand, "all is rosy in the garden": an aggressive bullish high above the previous 24300, well above the correction channel. Then a local trap above 25100 followed by a descending tendency with its deep (61,8%) and shallow (50%) retraces. However, the current consolidation triangle gives us, as always,...

Dagmar_Nieft

Happy Friday, Dear Swing Traders! What a market effort to get out of consolidation! Let's put a credit to the Fed's decision which made a core bull trap last Wednesday. The NFP release on Friday confirmed the bearish direction of the price exit out of sideways move. And surely a very nice Wolve’s bearish pattern on top of that. 21K is the 1st target of ours with...

Dagmar_Nieft

Hello Dear Swing Traders! Three impressive overnight breaks have pushed the price up to the level of 23900, exactly the one the price reached upon the breakdown of an ascending tendency at the beginning of May last year. Any senior time-frame closure above 24K will mean a true road to 40K and 60K. As for the current momentum we can still see the bearish picture...

Dagmar_Nieft

Happy Wednesday, Dear Swing Traders! What we can only safely say now is that the 2nd impetus has not proved to be actually the 2nd one, the strongest in the model "impetus-retracement-impetus". at the end of last week when the price painted the key landmark for the correction channel that we have got accustomed to so much. Today the market touched the low border...

Dagmar_Nieft

Happy Wednesday, Dear Swing Traders! What a DAY was yesterday! The absolutely critical edge of decision taking by the market happened @15820. All was important to the "guys from the hills" - the depth of the attack and relevantly the position volume…and might very well be even the date 22.11.22. So as of today the picture has significantly changed. The price...

Dagmar_Nieft

Hello Dear Swing Traders! The triangle that we all can see as of the end of the US elections seems massive and strong enough for a good price move. On the other hand, the latest day struggle of bulls above the upper border of the triangle is to drive the investors to the conclusion that it is the time to jump into the car and maybe accelerate down until 10K....

Dagmar_Nieft

Again very complexed and extremely stuffed with tiny price moves market we are in at the moment. The horizontal correction channel has turned out to need the upper border break. We are experiencing the 2 rising wedges being finalized and expect the price to hit 21300 before the bears accumulate their forces in the "sweet zone". Taking into account the previous...

Dagmar_Nieft

Hello Dear Swing Traders! The bullish impetus from the counter trend at the end of last week might have caused the moods hesitation. With a proper retracement we nearly had a continuation on Monday...but for the trap arisen all of a sudden above 19600. And the picture has so far been rewritten completely. The horizontal channel does not 100% need a break of its...

Dagmar_Nieft

Hello Dear Swingers! What a nice overwriting of a broadening wedge false break! We dare to suppose that might be more than enough for the price to reach the lower border of the wedge as merely. At present we've got the 15K level there. One can't help excluding of the opportunity of bouncing back to 18K, therefore, you'd better so far fix your profit namely...

Dagmar_Nieft

Hello Dear Swing Traders! So you have probably earned money on price weakness above 21900, as per the previous recommendation. Now the price is likely to enter the large wedge, bounce from approximately 12.5K up to the upper border and "keep the ball rolling" down to ZERO level. One can't help admitting that such a move is even more than possible with the current...

Dagmar_Nieft

Hello Dear Swing Traders! We all remember the August week from the 21st to 26th when plenty of buyers intended to break that level of 21900. All was in vain then. Now they have come back from as low as 18500 and that impetus was enough to break 22K. The question is whether that was enough to go higher? We can see a massive rising wedge in a 4-hour time frame. And...

Dagmar_Nieft Updated 

Hello Dear Swing Traders! Tuesday's break of a triangle directed the price to the upper border of a broadening wedge, without a continuation so far. Currently we are witnessing weakness in retracement to almost a lower border of a triangle. In the very near future there might be therefore an exciting drop to some 15-16K, thus leaving the whole bullish battle in...

Dagmar_Nieft

Hello my Dear Swing traders! We have witnessed the strength of the broadening wedge which directed the price exactly to target 6. Friday's break of the correction channel proved to be convincible and at present we've got another Wolfe's structure of bullish weakness. So we would rather think of the next low which is likely to be taken quite soon. The lower border...

Dagmar_Nieft

Happy new week, Dear Swing Traders! When last Thursday H&S was rewritten by a rising wedge it was again not easy to judge for how much we could have entered the "sweet zone" above point 5. This time a «tricky small pin» for 100 dollars only. Now we are experiencing another exciting event: the price has not yet reached point 6 of target line 1-4-6 of Wolfe's bear...

Dagmar_Nieft

Happy Tuesday, Dear Swingers! Many of you were probably on alert on seeing the ascending tendency yesterday morning. Though it had already turned out to be weak the question was in the air: how far might it have gone? Today I will give you a hint: whenever you can see the price exit out of either formation for the 3rd time - have a closer look at what was back to...

Dagmar_Nieft

Happy fishy Thursday, Dear Swingers! Sometimes your tolerance to market complexity might turn out to be awarded a week or a month later. With the 2nd high upon the channel exit the price has formed the brilliant with a false upwards break and it is lowering within an acceleration channel where there are: a) a very strong resistance @23300 and b) a very strong...

Dagmar_Nieft

Hi Dear Swing traders! In either market you can bump into a 78,6% retrace very seldom. However, last evening @19:00 CET the picture was rewritten in a way that the setup target will be extended to lower than 17600 unless the price fails to exit the channel upper border. Anyway, we are no longer @40K “floor” where "the ball could simply be kept rolling". At 20K...