Counter the trend could be hard but it seems to falter, and the risk reward is pretty good !
If a line is broken, it should reach the next level, look at this chart ! At this time, the only way to play is short, cause we are just under the resistance, so the stop level is very close and the risk reward is high ! However, the trend is still bullish, so you should stay on the buy side ...
We could see that like a reverse H&S. If it does, that's a great time to play this ! RR : 5 Confirmation over 1.1640
The ascending support (yellow) has been broken, we can expect at least a small correction.
No real idea, but let's take a look on this chart !
Hello everyone ! We can expect a down trend on the DJ soon. Moving averages 40 & 140 are going to cross and prices want to break the ascending support (black line). This index could reach 17320 points next week !
Maybe a new H&S on the dax30 ! Let me know what you think about this :)
After reaching the upper side of the channel, this index should come back at least to the 1st support at 9240 points ! In addition, the RSI is close to overbought area ... Let me know what you think about this !
The dax is still testing the descending resistance. Monday should break the suspense :)
Not sure about this, but prices seem want to keep going upside ! Descending resistance is close, like the MA 150.
I would go short if the ascending support is broken ! Let me know what you think about this :)
Quick move for sclapers (30 points) !