GERMANY 30
DE30EUR Breakout and retest of either triangle or resistence (trend line).
Broke EMA in 30 min chart before but managed to get back up again and now retested EMA and got rejected immediately.
DE30EUR Consolidation Breakout + Retest Retest of consolidation with couple of hammer candles in 15 min chart.
DAX Breakout Unfortunately missed the entry, will look for entry in 5 min chart
-> 5 min chart retracement back to 100 EMA = short opportunity
DE30EUR Triangle Breakout seems imminentWill be looking for breakout, think its going to happen to the downside but will be cautious,
also watch for 100 EMA in 30 min chart (if short).
DE30EUR Update: Breakout late entryUsed correction back to 100 EMA to enter short, after i missed the initial entry.
DAX / GER30 - weekly view ( for options and warrants ).Most basic Fib tool applied - under the speculative assumption that this advance from Feb 2016 was corrective ( in the big picture view ). Careful, this is just an idea we have to keep in the back of our mind, price could just as well have another advance above the yearly high - before a typical Summer correction ( " sell in May " idea ). Main point I want to make is that we can step back and wait for confirmation on weekly charts.
Bat Bearish to... recover from missed Trump's Speech Rally :)...Let's go back to last unfilled gap :)....
Ascending channel : testing new highs ?We are entering inside a warning zone, so, we must take care (eventual trade cancellation).
I'll keep you updated about new observations.
Ascending triangle failed.... Downward move in progress...Time to go down :)...
Thanks to @PSVert for his great analysis that inspired this one.
DAX : Sell off from 11600 resistance levelDAX has been struggling with 11600 resistance level since the beginning of the year.
Time to drop some pressure, I suppose :)...
Big drop expectedMomentum has slowed down and downward pressure visible on 15M.
Perfect time to sell it.
Good Luck!
So difficult to not be attracted to thisThis is not a low volume pocket, it's a low volume black hole! But rather than having its own gravitational pull and acting like a vacuum, it's repelling price like opposing magnets. I think it highlights the zone that price will likely find, if/when it breaks.
DAX - DAILY VIEW - TIME TO SELL OFF :) !DAX reached the upper daily trendline.
Seems to be a nice time to sell off, doesn't it :) ?
DE30EUR - Trading Levels for 28th Oct 2016Anticipated "exhaustion " levels for today are:-
SHORT @ 10765.5; Stop: 200 points. Target: 600 points.
LONG @ 10630.0; Stop: 200 points. Target: 600 points.
