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Endingstructure

Divergence along with a good patternHello everyone Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! XLMUSDT : Possible elliot count was shown in the chart. please note that at wave 5 we have an ending pattern with a divergence between the price and MACD oscillator. the evidence support an idea of possible upside short term trend. the price breaks the ending pattern and triggers the long position. please remember any analysis can be failed. so, manage your risk and respect your stop loss.
Long
by niktraders
DAX - potential Ending diagonalDAX is caught in a tight range since the "vaccine spike" back on 9th of November. It looks like the classic ED (ending diagonal) pattern, so ideally it should have one last push higher before rolling over. The ED is my preferred scenario at the moment. This could also be just a complex correction with a b-wave high (in which case the lower trend line could break directly) or even a nested bull wave (series of 1-2 waves) which should start running higher in earnest. I do view the nested bull waves as the least likely scenario and will only consider it in case price breaks the upper trend line with authority and keeps running.
DShort
by alx13