The primary trend is bullish, after the retracement completed in November on the support traced by the red line, is returning to the level of the highest closure of the trend.
At the moment in the medium and short term there is a compression of volatility, it is necessary to wait for the return of the daily timeframe in the “RISE” phase to be convenient to take long strategic positions, therefore in this phase “RISE CORRECTION” is recommended to take tactical positions (short duration).
Two weeks ago performed a reversal figure called a negative reversal, the last weekly bar was of downward thrust, confirming the negativity of the previous one.
The last monthly bar also performed a reversal figure called negative reversal.
It is recommended to buy the instrument only if the daily time frame should take the position of HIGH.
Analisi settimanale a cura di Sergio La Rosa
The last session of the week recorded a closing at 3802 with a positive SuperT bar. The next resistance is 4608.
DAX Index (DYH20)
he daily bars of the week have achieved a bullish figure, it will be confirmed if the future week will close with a value greater than 13650.
After the new highs of the last 2 years has undergone a considerable retracement, we recommend the purchase only if the daily time frame takes the position of Raise.
S&P 500 E-Mini (ESH20)
The weekly session confirmed the strength of the bullish trend. If no reversal figures are created, only long positions are recommended on retracements.
The EUR.USD exchange rate slowed the primary side-bass trend while maintaining reduced volatility. The secondary and tertiary trend rebounded slightly. It is recommended to buy only if the 60-minute period is upward.
The GBP.USD exchange rate, after the bullish reversal of the primary trend in September 2019, stopped on the resistance. Exceeding them would allow for a return to the uptrend.
The FTMIB has performed upward in the last week without exceeding the resistances of 24175 and 24500. We recommend intraday operation up to 24500.
Monthly and weekly in “Strong rise”, daily slowdown, purchases above 3215 and sales below 3200
Monthly and weekly in “Strong rise”, daily slowdown, buy with prices higher than 28500, intraday sell with prices lower than 28300
Monthly and weekly in “Strong rise”, daily slowdown, buy with hourly timeframe rise, intraday sell with prices lower than 8900
In 2019, it grew by 30%, failing to overcome the resistance of 24200 and 24500.
For the next week, we recommend only intraday transactions, position purchases only with prices higher than 24500.
From previous articles, it is clear that I use a Trading System. My trading system is not automatic, I place orders manually in the broker’s platform. I analyze the market with a multi-monitor workstation that allows me to study different time frames simultaneously.
Multiday Trading is characterized by long and medium duration operations. The Intraday Trading is characterized by open and closed operations in the same day. It avoids the risk of gap openings that is present when you stay in position overnight.
It is widely believed that the intraday trader should only analyze the charts of time frames lower than daily. This, in my opinion, is a big mistake.
As far as market analysis is concerned, I do not see any difference between multiday and intraday. It is essential to study long, medium and short term charts in the order to determine the market trend and the respective trading points.
The intraday time frames can, during the session, produce other operative points but not upset the trend determined by the multiday ones.
I believe that the Multiday and Intraday Trading are two sides of the same coin in the sense that the application of one or the other depends only on the phase of the market. For example, if a daily bar breaks an important level, following the trend of the greater periods, with increase of Strength, Directionality and Volatility I assume a multiday position. In a phase of congestion I only operate intraday.
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