#DAX 🇩🇪
🚀 The complex WXY correction of wave 4 looks complete, and wave 5 has started to unfold.
Inside wave 5, the minor wave 2 corrected wave 1 back to the Fib 61.8 level, and now we’re seeing signs of a bounce.
⚠️ This suggests the upward move could continue; but remember: if price drops below 23,421.9, caution is needed.
👉 One of the biggest mistakes traders make is ignoring risk management. Managing risk means managing your money and if you don’t take it seriously, you’re letting the market control you.
The good news is, with the right discipline and structure, you don’t just protect your capital; you set yourself up to grow it. Stay patient, follow the plan, and let the waves work for you. 🌊📈
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@re4mat0r@liz_churchill10 well, it’s getting done. The olan unfolding. All the complaints in the world are not known or understood by 99%. Nothing is to change
@liz_churchill10 Actually, it is their plan. While you're enjoying your "victory" they're implementing their systems of total control, CBDCs and IDs...
$DAX H1
OK, min targets hit until JP come out yesterday. I see the selloff as the start of a new impulse. Below 15745, bears have control & wanna get to 15476 which would trigger a new bearish sequence. I do NOT see a flat or a B down as long as below 15745.
7) Home Builder stocks are in a massive BUBBLE right now.
Homebuyer Demand is literally at its lowest levels since 2008 Crash. Yet Builder stocks are trading near all-time highs.
Makes no sense.
This is scary. 😬
KB Homes, a large home builder, just reported a 68% CANCEL RATE.
Meaning that over 2/3 of Homebuyers walked away from their contracts in the quarter. Leaving KB Homes with a massive pile-up of inventory.
Last year the Cancel Rate was only 13%.
@3YearLetterman@elonmusk Dead language, my ass!
Read and weep
(Zolotas’ Speech in 1959)
It is Zeus’ anathema on our epoch and the heresy of our economic method and policies that we should agonize the Skylla of nomismatic plethora and the Charybdis of economic anaemia […]
greekreporter.com/2022/02/07/spe…
Just hitting the beach for a long long walk and another swim
Blazing sunshine and quite a hot day here in the UK
Along with auto trading work I'm testing the water by trading with #pendingorders
Loving it, never a dull moment in #trading
EVERYTHING we need is on our charts