DAX racing down towards next key P&F chart support zone of 12200/12100! If support fails at 12000 level that will activate the next downside P&F chart target of 11300!
Seasonal risk also in play, Critical month ahead!
Friday, 31 July 2020
Xetra Dax 30: Reversed lower after hitting P&F chart target 13000!
Xetra Dax 30: Reversed lower after hitting P&F chart target 13000!
DAX racing down towards next key P&F chart support zone of 12200/12100! If support fails at 12000 level that will activate the next downside P&F chart target of 11300!
Seasonal risk also in play, Critical month ahead!
DAX racing down towards next key P&F chart support zone of 12200/12100! If support fails at 12000 level that will activate the next downside P&F chart target of 11300!
Seasonal risk also in play, Critical month ahead!
Wednesday, 29 July 2020
TSLA: Rebounded after hitting downside P&F chart target zone:1410!
TSLA: Rebounded after hitting downside P&F chart target zone:1410!
The initial sell signal came soon after TSLA hit the 1720 P&F chart target! TLSA dropped more than 13% after that sell signal! The 1410 target was then activated!
After the rebound TSLA hit the upside P&F chart target of 1530!
Downside risk towards P&F chart trend line support zone remain in play with a target of 1440!
Potential rebound from the 1440/1475 targets.
If support fails at these levels then there is downside risk towards 1360!
Critical for TSLA to rebound from P&F chart trend support!
The initial sell signal came soon after TSLA hit the 1720 P&F chart target! TLSA dropped more than 13% after that sell signal! The 1410 target was then activated!
After the rebound TSLA hit the upside P&F chart target of 1530!
Downside risk towards P&F chart trend line support zone remain in play with a target of 1440!
Potential rebound from the 1440/1475 targets.
If support fails at these levels then there is downside risk towards 1360!
Critical for TSLA to rebound from P&F chart trend support!
NDX-100: Reversed lower after hitting target! Now testing key P&F chart support zone!
NDX-100: Reversed lower after hitting target! Now testing key P&F chart support zone!
NDX-100 reversed lower soon after hitting the 10925 P&F chart target. It is on its way to test a key trend line support zone on the P&F chart. Potential rebound from the 10500 zone. If support fails at this key level, then the downside P&F chart target of 9600 gets activated and the NDX can sell off down to 10300/10050 to test support levels. If those levels fail, then we heading to 9600!
NDX is down 380 points since the P&F chart sell signal! Need to see a key P&F chart reversal to the upside at these key support levels to signal a reversal of the current downtrend!
NDX-100 reversed lower soon after hitting the 10925 P&F chart target. It is on its way to test a key trend line support zone on the P&F chart. Potential rebound from the 10500 zone. If support fails at this key level, then the downside P&F chart target of 9600 gets activated and the NDX can sell off down to 10300/10050 to test support levels. If those levels fail, then we heading to 9600!
NDX is down 380 points since the P&F chart sell signal! Need to see a key P&F chart reversal to the upside at these key support levels to signal a reversal of the current downtrend!
Tuesday, 28 July 2020
Monday, 27 July 2020
Xetra Dax 30: Fighting resistance at the front end of the cloud:13024!
Xetra Dax 30 : Fighting resistance zone at the front end of the cloud :13024! Top end of the cloud is a key support zone to be tested. If support fails at top end of the cloud there is downside risk towards 12529 the bottom end cloud chart support zone!
The current long trade is still up from the bottom cloud support at 11839, and any weakness below 12529 will be a sell signal of the most recent long trade. The easy money has been made, now need that breakout past 13024!
Critical week ahead!
The current long trade is still up from the bottom cloud support at 11839, and any weakness below 12529 will be a sell signal of the most recent long trade. The easy money has been made, now need that breakout past 13024!
Critical week ahead!
FTSE100: Stuck in a trading range: 6044/6296.Need a rebound from support!
FTSE100: Stuck in a trading range: 6044/6296. Need a rebound from support!
Key support level to watch for a potential rebound is the bottom end of the front cloud chart support zone @ 6044/6087!
Key resistance zone that the FTSE100 needs to break past is 6296!
Strategy: Buyer of cloud support and taking profit at resistance zones. Critical week ahead!
Key support level to watch for a potential rebound is the bottom end of the front cloud chart support zone @ 6044/6087!
Key resistance zone that the FTSE100 needs to break past is 6296!
Strategy: Buyer of cloud support and taking profit at resistance zones. Critical week ahead!
Friday, 24 July 2020
NDX-100: Consolidating back down to front cloud support zone!
NDX-100: Consolidating back down to front cloud support zone!
NDX undergoing a much needed consolidation after a very strong rally from the March lows.
Key support levels expected to be tested are:
Critical week ahead!
NDX undergoing a much needed consolidation after a very strong rally from the March lows.
Key support levels expected to be tested are:
- Front cloud support level at 10499.
- The cloud chart standard line at 10408, do expect a potential rebound from this level.
- Another key support level in a weak market where we can expect a potential rebound:10278!
Critical week ahead!
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