Dax is fighting to stay in the (Yellow) channel. It may as well have a breakout down move or make another up move to the top of the channel.
EURUSD one more down move to reach the bottom of the channel?
Gold is overbought and there is a resistance in the next few pips. Probability of a retrace i quite good. I marked the Fib levels that I´d like to watch.
Hennes & Mauritz has formed a new higher high. If it will make a higher low it will be a high probability for a new uptrend and possible breakout out of the (red) chanel.
Hennes & Mauritz is about to start an uptrend? It respected the resistance (purple line and formed a higher high (at 303). Maybe we are about to see a higher low too?
Interesting scenarios for the DAX: 1. It will move up meeting the ressistance att around 10000 (green line) and continue upp to the purple line 2. It will move down and meet the upp moving trendline ( yellow line) before moving upp towards the purple resistance 3. It will move down and brake the upp moving trendline ( yellow line) and continue the downtrend. RSI...
If the resistance will hold we may see another impulse downwards. Please comment
I see another impulse downwards coming, what do you think?
Looks like the pattern is about to repeat. What do you believe? please comment!
We have a support area at 1,360 (Dark green line). This area has been respected last mars and last june.. At the same point is the bottom of the channel (yellow area) . I see very good chances for the GBP/EUR to go higher. Some resistance at 1.3735 and 1,3802 . Please comment