T1 = 12950
T2 = 12390
T3 = 11890
This is based on the assumption that wave 5 has come to an end and that we've entered a correction wave. Would be happy to hear from people that know a lot more than me about EW.
T2 = 12390
T3 = 11890
This is based on the assumption that wave 5 has come to an end and that we've entered a correction wave. Would be happy to hear from people that know a lot more than me about EW.
Trade active:
Watch out for the level 13110 and the red trend line...
Trade active:
T1 reached, next stop 12390...
Trade active:
Candles formed today point to a leg up before further downs. Must not breach 13200.
Trade active:
Wondering whether we've just started wave 3 down... Would like to hear from Elliott Wave specialists..
Trade active:
Bearish Hidden Divergence
Trade active:
About standard and hidden divergence...
Trade active:
Both DAX and GER30 don't show higher lows or higher highs thus continuation of the bearish trend for now.
Comment:
Mustn't break 13211 for this plan to remain valid...
Trade active:
Watch out for a potential Bull flag...
Trade active:
Bear flag in the making?
Trade active:
If 12811 breaks we pretty well know we're on wave 3....
Trade closed: stop reached:
Exceedingly bullish DAX...
Trade active:
Looking at this again, I'd say that reaching the 12950 to form the right shoulder followed by a sharp down is still possible.
Trade active:
DAX continuing its path to around 12950
Trade active:
If the Italian Election Results aren't too severe.... Original H&S still in play.
Comment:
DAX rejected a close below 11'930 again and is now on its way to form the right shoulder. I'll start looking out for a high in RSI around the 12'650 mark and divergence around the 12'850-12'950 mark. We'll see....
www.telegraph.co.uk/...n-great-calorie-con/
www.telegraph.co.uk/...n-great-calorie-con/