Price has been trading in the range. just below 1000 mark for few days. Previous 3 attempts have been rejected categorically. (2spikes) Bears have not yet made a lower low. ( HH, HC) - Marked in blue. With Month End approaching and number of News lined up, the we may see a clearer picture soon. IF price breaks and closes above 10000 mark, it will look to...
DAX is in a corrective structure moving up and has reached the 0.5 fib level of a major impulsive move. Price has tested a couple of time this level and looks like is dropping at the moment. Meanwhile looking in MACD we see a divergence which tells us that this up move is losing steam. Keep a closer eye for price to break to the down this structure, wait for a...
RED line = ECB days SPIKE Others are fridays and yesterdays triangles..
See chart for notes and description. Cheers
Probably will retest the lows at 9050-8925
Tomorrow there is the Chance of a reversal if Dax stays above 9300. First of all our Waves ended with counts Correction was way above the average for it. So There is a good chance that DAX turns at his target 9425 or the fibs retracement around 9380. Either way playing the long reversal with a tight stop might turn out quite profitable. If 9300 falls the battle...
Watch out how this possible SHS formation plays out. I'm looking for a short opportunity. If it fails, I'll be looking for second opportunity i level 10.400-10.000 (with possible spike to around 10.600) Let's see how it plays out.
easy money trading the beast.. looking for the catalyst today ( the interest rates ) :)
As shown in the chart
There's a bearish sentiment that could bring prices back to the weekly support for a retest. Happy 2016! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
RSI could go still up, MACD bullish, OBV hasn't turned Maybe bullish run isn't over yet? Hard to believe this but anything can happen. www.harmonictrader.com
I'd like to see one of these B points to be fully broken. Break to the upside would be a nice play for a Bat, minimum
So we scalped here and there, but took no serious positions in this :poop: show of an index lately. We've adjusted the support of the broadening top from our previous view (see related) a bit down after what seems to be either a bottom or a dead cat bounce. Same rules apply. Whatever is happening here, we're going sideline into FOMC on $GER30. Enjoy the :poop:...