Hi guys i thought it could be a nice example to explain this structure hope you like it trade safe CM
notes on the chart
could be a DT could be a range, i woulnt take any decision until 1.3800, if break or we get a buy signal
lots of traders very confuse with wether is a H&S or a IH&S very similar pattern to GJ i will called short to 1.20900
The pair has closed slighly negative on friday it has given a negative signal from the PA Pattern formed between point 154.570 and point 153.658 price has now boken throught previous R&S and it could well fall to 153 and 152
GA has broken the floor of the rising wedge and tested the R&S at 1.7140 The 1.7140 has been rejected strongly and could indicate further rise to 1.76 or more, Based on price we have previous clusters at this level and also time, We have a positive harmonics formation with indication a further rise see chart .... A trading setup for Monday would be 1st to...
NOTES ON THE CHART
Jan, 8, 2018 Technical Analisys & Overview First of .... Happy new year and a successful 2018, i wish u all a lots of pips this year You well come to leave any comments bellow and i will try to keep updated the idea as much as i can The previous Daily analysis Dec 29th has fails due to a next day strong rejection from the floor of the trent line, however the...
DAx in approaching to the support point at 12900 and the floor of the rising trent, A successful breakdown of 12900 could indicate the new direction of the trent to 11900 A Dragon pattern has enforce the weakness of the index in conjunction with a Vic's 2B bearish pattern the index has support point at 12900 and resistance points at 13500
Dax (Performanceindex) is within a rising trend. Continued positive development within the trend channel is indicated. The index is testing the resistance at points 13000, which may give a negative reaction. Resistance at 13. Support 12.9 A break up above the 13k level could push price much higher RSI is overbought. This shows that the momentum of The...
Dax is within a rising wedge and continued positive development within the channel is indicated. The index tested the support points at 12900, This shows that the momentum of The index is strong and that the price may well rise further in the short term. The index is overall assessed as technically positive for the medium long term. Very Much Appreciate...
Dax is within a rising wedge, which indicates further development in the same direction. The index is between the support at points 13000 and the resistance at points 13190. An ABC Gartley formed at 13000 in conjunction with a double bottom has signalled a beginning of a new trend and may well break the 13190 resistant. A decisive break out above well predicts...