Good day traders!
We're sharing idea for $German DAX Index (.GDAXI.DE)$
And this is why:
1)On the H4, with the price moving below the descending trendline and below ichimoku cloud, we have a bearish bias.
2) The price may drop to the 1st support at 11621.75, where the 141.4% fibonacci projection and 200% fibonacci projection are.
3) Alternatively, the price may rise to test the 1st resistance at 12375.04, which is in line with the overlap resistance and 23.6% fibonacci retraceme...
We're sharing idea for $German DAX Index (.GDAXI.DE)$
And this is why:
1)On the H4, with the price moving below the descending trendline and below ichimoku cloud, we have a bearish bias.
2) The price may drop to the 1st support at 11621.75, where the 141.4% fibonacci projection and 200% fibonacci projection are.
3) Alternatively, the price may rise to test the 1st resistance at 12375.04, which is in line with the overlap resistance and 23.6% fibonacci retraceme...
![Thought on DAX](https://sgsnsimg.moomoo.com/101563927/editor_image/6d6567cfa4c43dd182e51619a8b69d37.png/thumb)
Good day traders!
We're looking at a potential buy setup for $Boeing (BA.US)$
And here is why:
1.) The price has been in a descending trend and below ichimoku cloud
2) The price is showing a pullback trend, we expect to sell at 202, where is the overlap resistance
3) The price may drop to the swing low at 164, which is in line with the 78.6% fibonacci projection.
Does anyone have a similar bearish view?
Trade Entry recommendations:
Buy Entry: 202.2
Ta...
We're looking at a potential buy setup for $Boeing (BA.US)$
And here is why:
1.) The price has been in a descending trend and below ichimoku cloud
2) The price is showing a pullback trend, we expect to sell at 202, where is the overlap resistance
3) The price may drop to the swing low at 164, which is in line with the 78.6% fibonacci projection.
Does anyone have a similar bearish view?
Trade Entry recommendations:
Buy Entry: 202.2
Ta...
![Thoughts on BYD: a possible sell opportunity](https://sgsnsimg.moomoo.com/101563927/editor_image/66daf0fcfc96303492a635e309a304a1.png/thumb)
1
1
We're looking at a potential sell setup for DAX $German DAX Index (.GDAXI.DE)$
And here is why:
1.) On the H4, with the price moving below the descending trendline and below ichimoku cloud
2.) Price is now testing a key level at 12213, which is in line with the swing lows and 100% fibonacci projection
3.) There might be some potential pull back before a major break out but if bearish momentum continues, we're looking for the price to go further down to...
And here is why:
1.) On the H4, with the price moving below the descending trendline and below ichimoku cloud
2.) Price is now testing a key level at 12213, which is in line with the swing lows and 100% fibonacci projection
3.) There might be some potential pull back before a major break out but if bearish momentum continues, we're looking for the price to go further down to...
![Will DAX Continue Bearish Trend? Explained](https://sgsnsimg.moomoo.com/101563927/editor_image/5dac90d975e93c199ad9c98f892753f5.png/thumb)
Hey guys, I'd like to share with you guys some thoughts on MSFT $Microsoft (MSFT.US)$
On H4, with the price moving within the descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 236.25, which is in line with the 78.6% fibonacci projection to the take profit at 208.8, where the 78.6% fibonacci projection is. Alternatively, the price may rise to the stop loss at 252.14, which is in line with the 23.6% fibonacci retracement .
On H4, with the price moving within the descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 236.25, which is in line with the 78.6% fibonacci projection to the take profit at 208.8, where the 78.6% fibonacci projection is. Alternatively, the price may rise to the stop loss at 252.14, which is in line with the 23.6% fibonacci retracement .
![Thought on MSFT](https://sgsnsimg.moomoo.com/101563927/editor_image/242c0dc4eb9139b09c075dc389c5b20f.png/thumb)