I am by no means an expert! Just a guy who is interested is stocks. The way I see it, we have a reversal pattern. We made a higher high --> lower low --> lower high --> higher low. I am pretty bullish on Tesla since it is earning season and a lot of good news is going Tesla's way. A close above 720 is a bullish signal so we may retest ATH then. What are your...
This is JUST my opinion, i'm no specialist at all. DAX got rejected on 15170. Now in a parabolic movement to the upside. I draw a support line with has been rejected multiple times. Also the RSI and volume checks out. I think a lot of people are shorting at 15270. If we brake through and fail to brake back below, i think we could go back to 15400 or higher. At...
This is JUST my opinion, i'm no specialist at all. DAX got rejected on 15170. Now in a parabolic movement to the upside. I draw a support line with has been rejected multiple times. Also the RSI and volume checks out. I think a lot of people are shorting at 15270. If we brake through and fail to brake back below, i think we could go back to 15400 or higher. At...
This is my first publication about the DAX. This is not a full technical analysis nor an educational one. Just want to share my thoughts. I think that we are in a rising 5-part wave. We are currently in the third part. We came to a high, we had a ABC-backtest, we broke out of the descending channel. Now we are able to retest it from above giving us a chance to go...