At the edge of the cliff, a close below the trigger level may result in a fall in prices to the target zones.
Gold is in correction moving sideways. This is a trend continuation pattern, a break south may wind up on the target zones.
H4/H1 shows a start of the countertrend, but the primary trend is still short. Any movement below the brown validity zone is considered a correction and a break in the corrective trend may induce a sharp fall in price to the target levels.
Primary trend is down, we are below a weekly technical zone, heading towards the targets.
Coffee seems to break the long-lasting weekly countertrend, so the primary long trend may resume soon. Nice rooms could be opened up for trading the long side.
Primary trend is down, and price reached an important daily 138.2 level where it slowed and hesitating. Another break down from a countertrend line on the lower time frames are considered good opportunities to go short by me.
Primary trend is down, but arrived at zones where price may slow down, make a correction. Then I'm looking for a countertrend break south to the target zones designated by fibonacci levels and a weekly low. Wait for a countertrend on H4, then the break in countertrend shows the entry signal. Long only above green zones.
BTC is in a short trend, stopped at a weekly support, but may resume to fall to 10.000 levels soon. The validity of the short trend is without doubt, long term long trades are far away... Any turn up is a corrcetion, and I assume the trend to keep up. I know most people want the price to go up to 40.000, and I'm curious about their explanations as well. Any...
DAX shows signs of weakness, huge potential ahead if major support is broken, but right now we are at the profit taking zone for shorts.
DAX40, NASDAQ, OIL and GOLD analysis in the video. I assume the best play for now is OIL long on the short term .
NASDAQ: We're in the correction of the long trend that's moving sideways, so price movement can be tricky here. Looking for a long move (as a correction of the correction) but price can move south very quickly after the short term long trend breaks.
DAX short opportunity may come in the correction fibo zone, target is fibo 38.2%.
Correction started on H4 on the DAX, so a countertrend break to the south seems like a valid idea today. If H4 closes above the green zone, price can go north.
Nasdaq long term trend is up, but we are still in the correction zone on the weekly. On the daily we had a nice impulse breaking above the long treshold and we are in the correction of this impulse. I expect the correction to continuie until 50%-61.8% then a turn may come to the upside.
Daily analysis on the DAX40. We are on a long trend, so looking for countertrend breaks on the M15 pays off.
DAX has closed above the last broken support (marked with green) on the daily. This is how the market changes rapidly... With this move, the market is in sync, every time frame shows the long trend, so I will look for opportunities on the lower time frames. Targets are marked with pink. Idea is valid until price breaks below the red zone on the daily.
If price breaks below the red zones, the index is likely to set targets marked with pink. Be ready but wait for the breakout at least on H1. The idea is valid until price breaks above the green zone.
The German index has been broken the recent rally on the daily (18 June), and the impulse to the south has been corrected. Both directions play now. Long from the green area, short from the red. Targets are market with pink.