Possible trend reversalWe might have a nice trend reversal off the green MA with a hammer candle on weekly chart. Good luck.
GERMANY 30
DAX German 30 Long PositionPrice has broken to the upside and formed a re-test of the previous resistance line.
Sellers were not able to keep price in the channel, which suggests we can see another push higher.
I have split the trade into three target take profits, all representing previous highs.
DE30EUR - Down again at H1Look left, the downtrend signal is activated (drop beyond 120% of the biggest Retracement of the uptrend)
Two group waves for sell:
1. At the H4 timeframe (group waves (1)(2)(3)...).
2. At the H1 timeframe (group waves 1,2,3...).
Early entry: 80% Fibonacci (80/20% rule)
Reasonable entry: Sell limited at 90-100% Fibonacci
Late entry: Wait to signal at the smaller timeframe (new price action, double top, head&shouder...)
The stop loss is at 120% Fibonacci Extension.
When DE30EUR down again, should be moving the stop loss to accord the next rule symmetry wave of the downtrend.
Plan: Move to the stop-loss at 80% of the biggest retracement of the Uptrend (group wave Weekly (I)(II)(III)...
Good luck with All.
Look for reversal around 12K areaat 12000 we have S3 pivot, previous volume developing POC and RSI on daily just confirms all of the previous. It can be a nice long setup.
DAX possible bounce we might see a nice reversal since MA (yellow line) holds pretty well and price analysis shows it could be a good signal for long
DE30EUR is decreasing...DE30EUR is decreasing. The exchange rate generates a second downward wave of a triple wave structure. The target price for the second downward wave structure may be around 11783. Then we expect a correction wave structure. Its peak is the intersection of a D1ATR axis. Area of 12215 level. Then the third downward wave, which is the target price of 10882, is completed.
DE30EUR Bounced Off Support, Potential Rise!DE30EUR has bounced off its support at 12501 (76.4% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 12889 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 3.6% where a corresponding rise could occur.
IS DAX GOING BACK 13200 ? waiting from the graphic to break fbo 23,6 level (12837) and touch up channel trend up tick and come back touch 23.6 level and continue to 13150 ' s , we can use as a stop lost level down channel breakout...
What if...These are the levels that I have if the next angle (dotted red line) is lost. If it respect the angle I will use the chart "It seems that this orange still has juice" as reference.
Best wishes!
It seems that this orange still has juiceI would have liked to see it before, but it seems that there is still an opportunity. Although I have to be very careful with the "danger zone" it seems that we have a target.
I will use this publication together with "DAX Down" as reference.
Best wishes!!!
DAX BUY OPPORTUNITYPrice broke above trendline from the upside. RSI oversold with divergence. Price above 20EMA. 2 trades 1.5:1 2:1 RRR. 1st target 127.2%fib 200EMA resistance. 2nd target trend continuation. In my opinion the cycle isn't over we have some time before we get a recession. Bullish. Good Luck
