US500 or S&P500 ShortBased on previous moves and normal wave pattern behaviour of charts this is a great moment to short it again.
First take profit at 1 level lower in 2/3 days
Second take profit 2 levels lower in 5/7 days
After that we can go up again.
Indicestrading
Dow Jone Index DOUBLE HEAD AND SHOULDER FORMATION (??)I am seeking alternative views and opinions on this. I see a head and shoulder formation forming right after a head and shoulder formation. Current price is positioned at the key resistance neckline of both formations.
Let me know your views on this!
Iapiew
FRA40 shortHi traders,
this is my view on FRA40 the french economy indice.
Here we can see a perfect educational market struktur to show how important it is to know the work
of fibonacci retracement.
Beweent 0.786 & 0.618
Fibonacci retracement is the golden zone to enter for
trendfollowing trades. And what does the price? The price on this indice change the direction at the golden zone.
So you see trading is now rocket scienes, what you need is patients to wait for the right setups and the patient to let the trades run.
Have a good trading week.
Best wishes Stefan Forex
USOIL Approaching Support, Potential Bounce! USDOIL is approaching our first support at 39.86 (horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 49.62 (horizontal pullback resistance, 23.6% fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
