FTSE, DAX, DOW Trading Ideas and discussions

a pump or a dump

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Morning.

550-540 is trend support.
420 trend and horizontal sup on 4 hour
720 -740
Trend is very bullish. Posted a few months back " in the run up to NFP for the past 8 months, it's been observed stocks are often very bullish"

Still see a sell signal though mmmm
 
ok got it
thanks


Morning.

550-540 is trend support.
420 trend and horizontal sup on 4 hour
720 -740
Trend is very bullish. Posted a few months back " in the run up to NFP for the past 8 months, it's been observed stocks are often very bullish"

Still see a sell signal though mmmm
 
dax
here is where we are

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if you are thinking differently...you had better go back and reexamine your charts
 
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4 hour data
3 trends in the latest upmove
aqua is the one we are interested in
latest aqua trendline and aqua horizontal /brekout point
price raced to prev supp yesterday
could go either way
a pump to 11750 area
or a bull test in 11500 area
see chronics levels
 
some levels from my chart
remember the trend is up...although we might get some bull testing
prev supp/res is 11650 area

50% area is 11543...latest move upwards
breakout is 11491 area
trend supp is 11461 area
should be a very good day
 
spx into the euro open
should be in supp area

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4 hour data
gives the general picture from the downmove started on 21 july
and new upmove from 28 july/green trendline
 
a quick look at the latest trend on 5 min

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11570 area is exact 50% of latest upmove
 
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