The German index fell to the expected price yesterday just before the end of the US session. During the Asian session there was a retest I was waiting for which serves as a signal to enter (shown in the second M1 image). Unfortunately, we are not able to sit atContinue Reading
I don’t like analyzing charts at the end of the day. Asia tends to be less volatile and the price changes are not as significant as during the European and American sessions. However, this time I see a clear gold channel worth showing. Today’s FED only confirmed the strong positionContinue Reading
BitCoin has created a support zone at just above $ 29,000. We have a chance to bounce back, but I wrote about it a few days ago. We cannot expect only increases. The cryptocurrency market is slowly beginning to attract an increasing group of investors, thanks to which it becomesContinue Reading
As announced, the German index is getting closer to support. The assumptions in the morning proved to be correct. Exit from the retest formation and continuation of declines. I was counting on such a development of the situation and I was not disappointed. We have now managed to play someContinue Reading
Breaking from the triangle we determined yesterday gave a clear signal during the correction. The price returned to the triangle line and bounced towards the mountain. Today we are awaiting data on oil stocks. The forecasts are for inventories to decline, which is positive news for this stock’s gains. PossibleContinue Reading
I described the situation of the US dollar in a few words while analyzing the EURUSD. It looks interesting if you look at the constantly weakening currency when the economy strengthens and the stock indices (SP500) are reaching new heights … The level at which the currency pair stopped isContinue Reading
The European currency keeps the price, does not let it fall too low. Yesterday I read a question from the president of the European Union that she asked representatives of the Fed. The question was; “Why is the dollar weakening while the US economy recovers and numerous vaccinations are planned?”Continue Reading
The German index surprised me in all its glory. The assumptions of the upward correction exceeded my expectations because only the designated OverBalance from the daily interval showed the correct range of the correction. With such a market behavior, the rule: “I play what I see, not what I thinkContinue Reading
Technical analysis works? Questions about whether technical analysis actually works appear regularly every few days on forums, telegram groups and other places. They are usually asked by inexperienced investors or completely new ones. After all, how can a few lines make the price in a given place turn back, bounceContinue Reading
The morning support turned out to be much stronger than we expected. The DAX went up without corrections until it was near the top line of the highest correction in the entire last downward move. Before the H1 candle closes, a raise is still possible. I am going to goContinue Reading
