Looks like it... Drop below moving averages would be very bearish
If the MACD crosses and turns negative, it will be all over. If the nearest trendline doesn't hold, expect at least 9800 area to come. Possible bounce can come from there also. We can't rule out bullish scenario out. There is gap still open (dax cash) nearby the 10560
Further description in the chart. Breaking recent lows would cause waterfall effect. Price shows us the way.
Description in the chart. Price action will show us early in the week which direction we are going to go. We need two consecutive "full body candle close" above/below these lines to confirm the direction. Now it sits above the latest resistance.
Today's price action suggests that we will visit 1330-1300 area. Happy trading. This is the range until we break lower/higher.
Wicks confirming action. Happy trading.
DAX is at a very important area. Let's see which way it goes. If it breaks the area above you could buy, otherwise short. Commodities & Euro are plummeting, dollar, ted spread & euribor are rising... Deteriorating fundamentals are indicating that we should go down, but euro bank stress test coming on Friday and FED and BOJ meetings are still ahead.
Let's see how commodities work in the near future. Fundamentals has not changed, but e.g. Oil has rallied a lot. DXY is likely to raise and then you should see commodities going down again and EEM and other equity markets should react also. MACD seems to be going to negative territory soon which would confirm the trend.
We are taking a pause now, but we are going higher soon. We have tested the lows now many times and they seem to be bullet proof. MACD turning bullish.
Big move coming, and it's more likely to come downside.
Nasdaq looks like it's going to form a huge top(pish) diamond pattern. I have a bearish bias. Could drop hard if the yellow zone does hold.
When signs of an economic recovery appear, consumer discretionary stocks usually lead a stock market recovery. Consumer discretionary stocks tend to outperform the stock market during strong economies, but they generally underperform in weak economies. The stocks of of consumer discretionary companies tend to lead a general stock market decline at the beginning of...
Would it be such as bad thing for the Britain as many political person rationalizes? Just for following.
Just for following. Potentially short. Three month MA (BLUE) starting to point downwards.
Messy as f*ck, but let'see if the count is right. Confirmed after breaking yellow box. This is a continuation of "LET'S GO DIPPING" related idea.