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DAX: Weekly Overview! Chance to get back to 12k!Years-End-Rally?Hey tradomaniacs, we had a very rough time and there are still a lot of political concerning circumstances against my assumption. It looks like the market trys to grab every chance it can get to buy DAX for such a low price. The german market was able to prove its sentiment within the last week since the US-market was in "Holiday" and gave us no impulses to follow during the Wallstreet-Session. The market was just uncertain and didn`t move at all. What does that mean? It seems like the german / european market has no own opinion about the current situation. Are we waiting for actions of Trump and the white house? Are we waiting for sales numbers after the black friday? Are we waiting for the Brexit? There are 5 important upcomig events next week: 1. Trump-Xi Meeting 2. Brexit Developments 3. FED: Powell Speaks 4. U.S. 3Q GDP - Second Estimate5 5. Euro Zone Flash Inflation Technical situation: As you can see, we are currently in a situation which looks like a decent correction after the impuls-phase that started in Feb.2016 and ended in the beginning of this year. Since we were violating 12.000, the market is still very bearish and could continue the joruney. Technically it`s pretty likely to see a retracement in order to create the WAVE B of wave (Y) to retest the golden and psychologically very important mark of 12.000. The market could prove it`s creed and should give us a clear direction forcing more market-players to react. We still see a double-bottom @ 11.000 with a neckline @ 11.687! If we trigger that pattern we could head to the big battlefield at 12.000 and find the path the DAX really wants to go. Remember: The seasonality is great! The years-end-rally could give us nice chances to buy the market. And as often, the END-BOSS will activate the "Rage-mode" before he capitulates! ;-D But yeah, everything CAN HAPPEN. Have a nice start into the new week! Peace and good trades Irasor Wanna see more? Don`t forgetto follow me. Any questions? PM me. :-)
XETR:DAXLong
by Trading2ez
13
DAX: Weekly overview! WIll we restest the 12.000? ***19.11.18***Hey tradomaniacs, since we`ve created the Diamond-Pattern after the high in Mai @ 13.206, we`ve seen a huge Sell-Off down to 11.040,5 this october! It was as crazy and volatile as expected! But what now? There were many different fundamental aspects causing this nervous market. Italy`s budget and it`s bond yields Failing Brexit Weak wallstreet which is concerned about the tradewar Strong US-Dollar Supply-deficits in the tech-sector (apple) which totally destroyed the Dow&Jones and SPX500, Saudi-Arabia and so on. However, we know the market is irrational and won`t give up that quick. The scent of profit is too strong and the market might see good chances to buy during the Years-End causing a rally. Will we retest 12.000? The Chart is currently still bearish. But break through the imortant 12.000 could be like a heart-warming hot chocolate during cold winter days giving the market hope to see a rally up to a new ATH. I expect at least a retest of it. :-) Peace and good trades Irasor
XETR:DAX
by Trading2ez
S&P500 -WEEKLY overview - Seems like we are heading down!Hey tradomaniacs, quick an S&P500 overview. Do we really recover? Or did the market just buy the low of the range? Next important Price-Levels: Resistance: 2.817 Support: 2.761,24 The market showed enthusiasm, but it seems like the market just preparwed another A-B-C-Correction in order to continue downwards. We will see! :-) Peace and good trades Irasor Trading2ez Wanna see more? don`t forget to follow me. Any questions? Pm me. :-)
SP:SPX
by Trading2ez
May I introduce you..? That SELL-Off was nothing! ;-)#OverviewHey tradomanaics, quick a nice overview if the current situation of S&P500! Bulls feel the pain? Yep.. it was painfull for those who are long. BUT - That was nothing! :-O Check this chart and see where the real PAIN is waiting for us.. or the PROFIT? AS we can see - there is still a lot of space downwards before we reach the real paniczone! ;-) So calm down and wait. The US-earnings-season is going to show us important companys in the upcoming days. Peace and good trades Irasor Trading2ez Wanna see more`Don`t forget to follow me. Any questions? OM me. :-)
SP:SPX
by Trading2ez
2
Stock Market Update for 15th October 2018Good day trader, here we are ready to kick start another trading week. The retail sales data got released before markets opened in the US and seems softer because of the small negative; the market may interpret this positively given it mad slow some fed action. Couple of nasty days last week and finished with a consolidated pattern, the Asian stocks put in a new low but we managed maintain our Friday predicted range, if we rewind to get perspective on our major indices we broke the trend line though we expected a retracement by touching the support and coming down to 25,000 points on the DOW which is a decent place to hold off and experience balance in the market. The buying demand occurred at 25,972points before the breakout to the down, so for 15th October it probably will trade up to 26,000 points and if break up to the 26,500 points. This will be constrained at 26,000 points because the overnight distributed volume for the DOW is below the bulk of the transaction from the previous 2 trading days. However, of we have a break to the upside from the S&P 500, the DOW is likely alike. S&P 500 came down to 2730 demand level below 2800 in a short order after breaking through 2800. On the S7P 500 we are not still at the previous corrective move from the crossing of the trend lines. Despite the magnitude of the selloff we are still not at the previous demand level of the previous sell off. S&P 500 overnight volume occurred between 2740 points and 2770 points and the bands coming closer with a decent breakout. With the room above there is the possible sneak back up to 2842 and 2850 points with a tradable bounce and it is a smaller range than the NASDAQ. We need to be able to catch the momentum downwards if we cannot catch the trade up to 2842. NASDAQ 100 is at a logical location to experience a possible balance but organisation like Microsoft have already started bouncing off from the lows likely around 5% while some have not caught up. The idea is we may be forming a bit of a logical reversal pattern; on the short term. A similar overnight setup occurred with a more developed reversal in the NASDAQ 100. A resistance is at around 7,400.95 points in the short term with a possible buying pressure at 7204.67 points, this may be the high for 15th October in the NASDAQ 100 or can trade up to the 7400.95 at breakout. Russell 2000 seems unhealthy because of the sell off and I may be taking a bearish positon for Russell because of the level of violation. The Russell touched the 200EMA and the trend lines violated increasingly. Market traded below the lower level of demand and seems weaker with the bears in control We are experiencing weak dollar because of the retail sales number with a negative. Conclusion to action trades in these volatile times require traders to pay attention to the spread when trading especially options because they have widen. I will recommend traders to use the covered call strategies in this season of high or increase volatility.
DJ:DJI
by padedayo
**Live-Update** Don`t DO anything! Wait for the Breakout! ;)Hey tradomaniacs, I know we all are looking for great opportunitys to trade this Currencypair since the TRY is very cheap and perfect to stack a buy or short-order. We currently create a descending triangle and are not done with it. The range the market is going up and down in is closer and closer. It makes no sense to place a Swing-Trade since we have no good Risk-Reward-Ratios or any signals that could possibly give us an advantage. We need impulses and a clear direction of the market! A trinagle is usually a Trend-Continuation-Pattern! A descending triangle shows WEAKNESS and could cause a falling market! Since the DXY seem to be weak I expect the the TRY to increase in avlue and breakout below this pattern! Inportant: This is not a BUY- or Sell-Signal! It is just an overview of the current situation and what I think about it! As soon as I see a signal I`ll let you know and post it! :-) Peace and good trades Irasor Trading2ez WANNA SEE MORE? Don`t forget to follow me! Any questions? Do you need daily detailed signals or education? PM me. :-)
Short
by Trading2ez
9
Bitcoin BearfightBitcoin is in a bearfight. Taking hits to the sternum. Watching how perfectly a new lower high has formed, almost perfectly following the trendline since March where we have already put 4 lower highs to rest. The most concerning part though, is that the trendline is getting cut off and starting to form a new and even more aggressive trendline to the downside. The very low end still declining volume is confirming the downtrend. The price of bitcoin is certainly not parallel with bitcoins value at the moment. The price is far too high, because the infrastructure is far from build. The idea of bitcoin as a fully fuctional system, has in my opinion, a price that is indeed very high and a value that way exceeds it´s price in any given context. Even the news about Bakkt and etf´s as a means to drive institutional investors to the space is overrated. They will simply not put their money into a market with such poor infrastructure. Big investors and institutions evaluate the cryptomarket as buying a brand or a product. They like the idea, just not the product, YET.. And some of them want to dominate the cryptomarket with their own currency. So much speculation. In my opinion, bitcoin and the cryptomarket as a whole is in for a big correction. Trade with caution and make swing trades at 5000$ levels. Potentially BTC will hit 4000$. At these lower levels a good trade can be made. Have patience and use TA not emotions. Look at the bigger picture. Hodling as a early investor in BTC is no problem. And hodling, if you bought in december/january, is really your only choice, unless your getting extorted. If you have bought at 5000-6000$ range, hodling might be a bad idea. You might catch a better deal at lower levels. The idea of a world free from banks and having a more free currency is beautiful. But getting there is still a future story. Whats your thoughts? Have a nice day. Best regards, Mr Project.
BITFINEX:BTCUSD
by Mr_Project
FMWO: World Markets Overview - Back to Positive in neartermFMWO World Markets Near Term Outlook September 13th This index only prints End of Day on Tv. But it's still useful for a birds eye view of world markets. It was meant to bounce from the lowest parallel. Thankfully for world markets it has done. It should rally back to the 6287 line and then, after a little consolidation, on to the old high at 6359, about 3%. This should augur well for US markets too. Still a buy dips market therefore. September 10th This lumbering beast came within a couple of points of the lower support line before bouncing away to the upside again. This index still looks positive from here. That should be helpful for major markets in the near term. *For global markets updates and trade set-ups in real time please see link at top-left of main page.
EUREX:FMWO1!Long
by sumastardon
1
Bitcoin BTCEUR Eagle perspectiveHi Traders, I'm looking on Bitcoin in a larger perspective - would love some input and thoughts about it from other traders, so please comment. If I take the larger count of Elliot Waves, I get this chart as you can see. In this scenario, the C ends up being a bit trunkaded. (I'm no expert in EW!) But reading the impulse waves up, I see that the 5th wave was huge, so is it fear to expect a huge A correction as well? When I look at it this way, I cannot see that the C wave is finished yet.. Love to hear from you
by Crypto_Trader108
Why is there no direction in the price of the Bitcoin?Acutally, so many outside influences make it difficult to predict which way the price of Bitcoin will go. Bulls and bears keep the price well in a balance and it remains inside a narrow bandwidth with very low volumes. Let us try to see the whole picture. I list here the main fundamentals and present a chart, which shows the partly interfering trends and signals. What are the fundamentals? • News from South Korea about banning cryptocurrency trading in the future. • News from China about banning cryptocurrency mining and verification. • Right now, China hosts 80% of the computer capacity for the Bitcoin blockchain. Will operation of the Bitcoin come to a temporarily halt? Will investors lose Bitcoins? What about the mining contracts? How long will it take to replace this huge computer capacity? • News from USA that they will sell seized Bitcoins worth over 300 million US-Dollars. • News from Bulgaria that they will sell seized Bitcoins worth 3.5 billion US-Dollars. • Because of the newly implemented high transaction fees, will Bitcoin survive as a payment coin? What can we read in the chart? • There is a red dashed line at 14129. Below that line, the scenario is bearish and above that line, the scenario is bullish. • There is a triangle, drawn in dark-blue color. Bitcoin is actually at point 4. From there, it should continue in direction of point 5 and there, it should outbreak on the upper side of the triangle. • However, we see that the price moves in direction of point 4 again instead of point 5. Will there be a downside breakout today? In the last few weeks, we experienced already enough downside breakouts. • Since January 7, 2018, the value of the Bitcoin moves down inside a channel with blue dotted borderlines. • On the same time, it is also within a sideward channel build by the red dashed line and the yellow dashed line. It is not very likely that we will see a decisive move in either direction. I expect over the weekend low volumes and the price oscillating inside the square that is built by the blue downward channel and the sideward channel between the red and the yellow line. However, we have to be prepared for a downward outbreak, which would result in a free fall down to the level of 5568. This could happen if some traders would start selling in panic in a market with low volumes. In this case, use the opportunity for buying cheap Bitcoins. What is the best strategy in such a quiet and boring market? Two subjects are becoming important in such a quiet market: • Market Corrections • Portfolio Erosion Goldbug1 has written a great article about both subjects. I recommend reading it. Personally, I learned important things about how to trade such a difficult market. It is really worth reading about his strategies. Please click on the chart below for reading it. I wish you good luck, happy trading and a great weekend. Luckyhelper
COINBASE:BTCUSD
by luckyhelper
DAX overview...The big picture-I was loooking at the DAX weekly chart from 1995 to 2016 when I found these trendlines for the main highs, lows and the major turning points. -Most of the lines intersecting @ 13500's level, in the second half of 2019, this level is also the upper trend line of the weekly channel (the white dashed lines). -By adding some Fibs according to the position we are now (i.e. we are now between 50% and 61.8%), I've found that: * 2003 lows fell exactly on the extention 2.618%. *the extention 1.618% was a major weekly support/resistance level between 1997 and 2009. *the 112.7% extention was the double top of 2000 and 2007. *the 100% was the base of the all time high wave in 2014, which also ended at the 13.5% level. -From these levels and trend lines DAX key points and levels in my view are: *from our position now @10800, if DAX breaks up then the next stops are @11200's then @11700's *any major fall after that would be to the level @10150 then @9670. *the 5th wave is most likely targeting the @13500 - @13600 levels by the 2nd half of 2019. *this will be followed by a sell of to the 1st inclined red dashed line, breaking below it will triger a major recession to retest the @8100's level or even lower to @7600's-@7000's. OR this could be just an illusion of some random lines, still looks convincing to me ;) ** Will update the DAX on lower timeframes later after breaking @10800 or falling to the @10500' again.
FX:GER30
by Anees