Would like to see a 0.618/0.5 retracement of the previous leg of the bratwurst stock index after this nice bullride.
Der Ger30 steht wohl vor einer Entscheidung. 10500/530 entweder up bis 10800 - darüber 11100 oder weiter down 10285 - 10100 - 9900 Aber das ist nur meine Meinung die den Markt nicht beeinflussen kann!
if we move ahead of 10490 this is the possible action for it
After a long period of bullish sentiment on the GER30 we are now experiencing some bearish re-tracement. By using a 4H order-block and the 61.8% level we will be looking to enter in some longs!!
DAX will continue to go up until around 10300 zone. Short until fib .382
We are at important point, if price closes below Gann arc then demand zone below price will become important zone to trade on daily chart. We have formed the higher high and higher low in recent past, but we are not out of down trend. One can use the chart and the levels to trade, every Gann line and arc can work as support or resistance.
The closing above the A/R line signals a potential countermove to the upside. Alltough, a former test of the supportive A/R line is very possible > no hurry to trade!
The German economy had a respectable begin to the second quarter however its development pace is prone to moderate over the span of the three months from April to June, the economy service said today. Europe's biggest economy was on a strong development path, the service said in its month to month report, yet the outside environment stayed intense and was just...
Not a fan of long term forecasts but that could be a possible scenario. Good luck!
Bearish Divergence on H1 - RSI @ Overbought in H1/H4 Downtrendline Resistance right in front Trying to short with small stop (10305) Target EMA50 (10159)
Short DAX based on touching the resistance trendline and bouncing down
We have seen a Strong Bear move with 4 of 5 days as bearish. However the previous swing low hasn't been breached yet. Bears will make second attempt to do so, at favorable levels. Current bulls, unless they get reinforcements will likely give way to next swing low. So, IF Bulls gets re-reinforcements a double top or retest of consolidation zone. IF More Bears...