Several scenarios can play out today. We are waiting for more data. Depending on what the market gives us, we see entries for both short and long trades.
In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). In our secondary scenario, the high might be in and the pullback might have started. For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2))...
Let's look back at the past trading week and learn from it. What went well? What could be better? This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know.
DAX has completed 7 days of consolidation on the MA50 (1d). This kind of sideways trading on Supports is usually a technical accumulation before a price jump. There have already been two similar price jumps that formed Higher Highs inside the 8-month Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 16600 (Rising Resistance). Tips: 1....
Several scenarios can play out today. We are waiting for more data. Depending on what the market gives us, we see entries for both short and long trades.
DAX formed today a Golde Cross on the 4hour time frame for the first time since June 7th. The last 3 4hour Golden Crosses inside the large Channel Up pattern have been buy signals that targeted a little under Fibonacci 1.236. The 4hour RSI is also having a consolidation similar to those previous fractals. Buy now and target 16550. Previous chart: Follow...
We are waiting for a clear ABC pullback before going long.
Higher low from key Order block area, nice trend and bullish cont. expected.
We discuss two scenarios that could play out today. Depending on the data we get, both a long trade and short trade are possible.
DAX is on a marginally bullish 1D timeframe (RSI = 56.008, MACD = 24.500, ADX = 26.521), which indicates that there is still significant upside potential to the rebound that started on the July 7th Low. That Low may have been a HL on the long term Channel Up but also a LL on the two month Channel Down. The 1D RSI is also at the top of its Channel Down, so in order...
We discuss three scenarios that could play out today. We reached the area where the wave ((4)) can end. In case of a single correction, we should start to see an upside movement. In case of a double correction, wave ((4)) can retrace deeper. Finally, we also might see no wave ((4)) if the preceding three waves up are part of a larger WXY correction. In that case,...
Dax is in an impulsive uptrend since October 2022 and it can be trading in 5th wave, but there can be still room for more upside if the current drop from ATH will stay in three waves. For now we have seen some nice bounce, back above 15700 bull/bear level so it appears that bulls are still here, especially now when price also broke through the channel resistance...
We discuss three scenarios that could play out today. We reached the area where the wave ((4)) can end. In case of a single correction, we should start to see an upside movement. In case of a double correction, wave ((4)) can retrace deeper. Finally, we also might see no wave ((4)) if the preceding three waves up are part of a larger WXY correction. In that case,...
In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). In our secondary scenario, the high might be in and the pullback might have started. For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2))...
I believe this will close up the gap and continue the upward trend. Siemens Energy will fix the problems and the price gap will be closed in the following weeks.
Let's look back at the past trading week and learn from it. What went well? What could be better? This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know.
View On German Index DAX (14 July 2023) DAX is in * Bullish in short term (Intraweek) * Neutral in Mid term (1 to 3 months) * Neutral Long term (3 months onward) We had a great swing back in the DAX in the recent days. It shows that the market is not ready go lower anytime soon. We may see a temp pull back right now but I do not think it will last. 15,900...
We need a bit more data but traders can prepare for a short trade. In case of an impulse, we wait for 5 waves up that end with divergence. Keep in mind that we do not necessarily need the 5 waves up, 3 waves in the form of an ABC is also possible. If we stick with the three waves, a new wave 4 low cannot be excluded.