US30 is creating a Ascending Triangle on the 1D Chart. This provides for long-term buying opportunities for the index and the market as a whole.
GER30 is creating a Bullish Flag on the 1D chart. This is signifying a long-term buying opportunity for the index. It is currently on the back end of the formation, the break and retest, so momentum and trading activity should be increasing behind the buyers very soon.
US30 is currently retracing after the push that begin after hitting a Price Reversal Zone at 34860. Price is at the .382 level right now (shallow retracement) but I believe the .5 and .618 levels (deep retracement) would be the best possible entry for a buy. Those levels are at 35178 and 35115 respectively. I’m definitely bullish going into tomorrow; but if...
Bitcoin has created a Bullish Flag(signifying a buying opportunity) as well as retraced to a .618 level at 45523. Momentum should start picking up soon
The S&P500 has been very bullish since the significant drop that occurred from July 15th to July 19th. Since then, the price action of the index has been creating an Ascending Triangle Formation; signifying a buy. I expect the index to breakout, retest(the best possible entry point), then be bullish into the 4460-4470 range.
The Dow Jones Index has recovered very well from the 1300 point drop that occurred from July 16th to July 19th. Since then, price action has been forming a bullish flag formation; indicating a buy. Price has also broken out of a price reversal zone from 34,860 (resistance) and 34,441 (support). The index has the ability to reach 35600 VERY SOON.
Bearish momentum flooding the DAX Index. Almost all stocks in the index are bearish at market open. Price Targets are 15410, 15353, and 15311.