Retest of consolidation with couple of hammer candles in 15 min chart.
Breakout and retest happend.
Unfortunately missed the entry, will look for entry in 5 min chart -> 5 min chart retracement back to 100 EMA = short opportunity
Will 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).
Used correction back to 100 EMA to enter short, after i missed the initial entry.
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...
FED Speech in a few minutes :)...
Let's go back to last unfilled gap :)....
We are entering inside a warning zone, so, we must take care (eventual trade cancellation). I'll keep you updated about new observations.
Time to go down :)... Thanks to @PSVert for his great analysis that inspired this one.
DAX has been struggling with 11600 resistance level since the beginning of the year. Time to drop some pressure, I suppose :)...
Momentum has slowed down and downward pressure visible on 15M. Perfect time to sell it. Good Luck!
This 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.