This is an alternative scenario.
This would explain most major moves. Perform similar analysis for your lower targets. Pay attention to those price patterns (353 points).
There might be no X-mas Rally in the "traditional" sense this year, maybe. This is an alternative scenario for the DAX while the CAC40 would aim 4630-4688 and then 4196-4262 (third cycle).
I need more confirmation before I know for sure we are entering into my 3rd proprietary cycle. This could lead to a huge downturn to 4200-4250 very quickly.
Xmas Rally is potentially coming now
Some major targets were reached across different markets
DECEMBER 5, 2018 If you followed me closely recently (including my former messages in a specific chatroom), you will notice that the levels I gave including the top at 25583 that I did not officially post on TradingView) were all supply/demand imbalance pockets that were...
DECEMBER 5, 2018 If you followed me closely recently (including my former messages in a specific chatroom), you will notice that the levels I gave including the top at 25583 that I did not officially post on TradingView) were all supply/demand imbalance pockets that were...
This could happen in unison with the Nikkei et other global markets.
We shall see if this bullish hype is sustainable.
After a massive short squeeze and the best daily performance since 8 months that happened just a few days ago, a massive short interest could be found around 25888 in my opinion.
There's a good deal of probability that the HFs are in if we see a massive rejection at 25240
Could trick everyone in the middle.
See other analyses
Stress-day for retail short-sellers. Many scenarios are possible regarding supply/demand tricks.
Earlier short targets were invalidated this morning with the big gap.
As you can see, the sellers want to break the channel, as if it didn't exist anymore. It could even go lower, setting false signals to sellers, before attracting a large pool or patient buyers, hence push the market to create pullback and rally sharply thereafter (the upper target is approximative and "ideal", would need to see what signals and price discoveries...