Now the market is in sideways and it may target the upper side of the sideways.
The Price bounces from Sensitive zone 0 ( now support ) and retested the neck line. also previously a head and shoulder pattern has made.
The price will grow to 83.730 ( Resistance zone) level. but the level is very strong and it may fall down to 82.630 on continue to be in sideways. BUT if breaks out the resistance level and successful retest the level between 83.630 and 83.660 it may continue to grow to 85.180 level ( next strong resistance level)
The symbol is about to reversal near the trend line and the support level (about 125.597) . SL most be below the support level about 125.565 and TP #1 is about 126.277 and TP #2 is about 126.759 Risk/Reward Ratio is for TP#1 1:2 and for TP#2 1:4
DAX is growing up in an uptrend inside a very fine channel. but it is about reaching the upper level of the channel. the wait for a bearish pullback and when it bounced from the trend line enter the LONG side.
The Price is in a fine down channel but it has been rejected during the growing up with a triple head. then it is very possible to go about lower bound of the channel. TP#1 is somewhere about next support level. and SL is a little above
Technical: - Last candle stick Feb 8th was bullish and short shadows means buyers has upper hand. also the candle started with a small gap it shows the power of the buyers that had overcame sellers. - near to the prevailing trend line the price started to turn and maybe trying to make a news trend line means it is very possible to get to the long...
The price is moving inside a falling channel and its in a downtrend. It is very possible to rich about 1.12700 then go short.
As you can see on the chart, the price has broke out the prevailing downtrend (marked in transparent pink), also a divergence has figured at the end of the uptrend. both are cause of an incoming downtrend. Don't forget the stop loss.
A clear corrective wave has made and then a new 5 type wave is constructing, now the price is on wave 3 and wave 4 ( a corrective pullback) is near. it is very possible to retest the monthly resistance line (the maroon line)
There is no reversal pattern, there is no rejection and next resistance level is a little far,
The price has retested the support line and it will grow after a short-term downtrend
Usually morning gaps must be cover by the price, but there are to possibilities about current cap, 1- trend reversal after the corrective wave ( has shown on the chart and the downtrend maybe like downtrend red impulsive wave ) . 2- continue in another uptrend and fall in a downtrend later.
on lower time frames the momentum is loosing and a type A divergence has occurred on daily chart that is showing something is changing.
The price is about to reach the upper trend line ( both longer and shorter time frames) and an ancient resistance area. if breaks out the zone, it will go up until next resistance area. I have marked it with a bold maroon line above the chart but if the price returns and it is very possible, the price will fall until the lower trend line. if breaks the lower...
The Lower swings are going steeply than Higher swings and the market sentiment is in short side. also the inverse head and shoulder has cancelled in daily chart. I think the price is about to making new lower low trough after a small pullback.
EURUSD bounced from Trend line and RSI value is lower than 50 , also stoch is overbought . be sure it will go down, but don't forget to set stop lose.
EURUSD is passing upper wave 3 and it is more possible to continue in long side, also it is finished the corrective wave (last pullback). it is possible to be in long side for about four hours