The Dax is facing its next test. Prices below the range of 11,850 points signal a completed head and shoulder formation and the undermining of the neck line. Thus, the Fibonacci support area at 23.6% of the longer-term upward movement at 10,280 points since the end of 2018 is considered broken. If the Dax falls below 11,850, the probability is high that the open...
Tesla is looking very promising. After trading 5 days at the 61,8 Fibonacci support based on the weekly chart, it bounced back nicely lately with first target to hit the upper trend channel line around 270 USD but then to rally towards over 360 USD to complete the 5th Wolfe Wave. Fundamentals not really supporting the massive uptrend move, but Elon know best. On...
We have spotted a quirky head and shoulder signal in the Dax some weeks ago. Quirky cause this pattern has had a second right shoulder. Anyhow, neckline got broken and Dax has now reached an area which can be considered to be the take profit. MACD looking to cross soon, too. I am not recommending open short positions but rather closing any longs for now and to...
We have spotted a quirky head and shoulder signal in the Dax some weeks ago. Quirky cause this pattern has had a second right shoulder. Anyhow, neckline got broken and Dax has now reached an area which can be considered to be the take profit. MACD looking to cross soon, too. I am not recommending open short positions but rather closing any longs for now and to...