The resistance shown in the morning turned out to be so strong that the price failed to break. The condition for long positions was to break the resistance, while short positions are still present on the chart. As I wrote at the beginning of last week, I am still waitingContinue Reading
Last week had moments where he was able to surprise. There was no impact of macroeconomic data as we would expect. The swearing-in of Joe Biden has already largely been priced into the financial value. Crude oil prices (despite the significant difference between the forecast and the reading) did notContinue Reading
The German index 30 did not signal yesterday to take advantage of the appointed OberBalance. Volatility had declined to such an extent that trading was asking for trouble. Now we are on local support. If the price breaks, I assume that the correction will go short. If the price rebounds,Continue Reading
Welcome to another Monday morning. As every week, I start with a general market overview. Remember that today is a holiday in the USA (Martin Luther King Day). Last week was very successful, 95% correct. Today we are starting with XBR Crude Oil. You can see that the December analysisContinue Reading
The German DAX index does not actually surprise too much. Regardless of whether we are long-term traders or scalping, we are able to trade with the prevailing trend. DAX responds well to Over Balance, so we can predict many positions for several hours or sometimes days ahead. But now theContinue Reading
As in the title, the Dax was very technical, thanks to which we obtained a relatively clean entrance that can be secured at the moment. The morning scenario presented in the Monday market review, and the next image below, the condition in which we entered. We don’t catch the lows!Continue Reading
EURUSD H1 possible deeper correction Last week I wrote about a possible downward correction and a possible range which is quite significant from the point of view of recent corrections. However, at the moment I do not assume any transactions until the situation clears up. Mondays are such a specificContinue Reading
The DAX has a very strong range, which I have indicated before. Several factors influenced this thinking. Good macroeconomic data for Europe, and mainly for Germany Vaccines that started the whole optimistic pumping confusion And mainly the chart pattern that has started to form. Reaching its upper border, rebound inContinue Reading
Yesterday’s entry indicated possible growth in relation to good data for the European economy, and it did. Admittedly, the German index did a downward correction in the first place as the data were slightly different than expected, but later the entire correction was tightly filled and the increase was continuedContinue Reading
The German index from the H1 perspective indicates a possible deepening of the hole and a stronger correction, but if you look at the NQ100 and SP500, it does not look like it, and unfortunately these values are very similar, not the same, but from a broader perspective, you canContinue Reading
