DAX Chance on OverBalance

During yesterday's session there was a long-awaited breakthrough of support with high intensity. The US session pushed up the course to the designated support which then became resistance and apparently was not broken. The price has moved further downwards and thanks to this we have a chance for OverBalance (or otherwise known as a 1: 1 correction, even though these two terms mean something else). I marked in the image how it looks visually. The support seems quite strong so if the price does hit I will be looking for a place to enter. In case of withdrawal and breakout of the resistance (blue small bar) the formation may be negated and we will have to devise a new plan. For now, we have a persistent downward trend from a low time frame.

Daily R3 16330
Daily R2 16150
Daily R1 15970
Daily PP 15800
Daily S1 15620
Daily S2 15440
Daily S3 15260

Petroleum before rebound

The situation on the chart is very interesting as both the technical analysis and the volume analysis indicate a possible rebound in the upcoming trading sessions. The first image shows a graph with trend lines. Currently, the price is close to the borderline, it is support and trendline. The second and third pictures show the volume and what is about to happen, and what we are waiting for, ie the traffic with increased turnover. The situation with crude oil repeats many times, so there is a high probability of success of the transaction.

Stocks and oil prices plunged Thursday after the US Federal Reserve warned it may begin to cut support for the economy soon. But notice that it happened without a clear volume, so we are waiting for the signal.