Updated
DAX - What's next?
DAX - What's next?
Yesterday the DAX idea I posted was spot on went to key support area the next support area is interesting we could get further decline.
Support: 15090, 15035, 14925
Resistance:15215 & 15249.0 (Anywhere above bulls are back in control above 200EMA)
Pattern: Wedge /Double top smaller term may develop
Personally, I am loving scalping and day trading DAX I do feel indices overall globally are over extended apart from FTSE of course, I think the indices will get more interesting around summer and mostly in August if not definitely at the end of the yr due to fundamental aspects that may occur.
Seasonality wise: May is usually a good month for the bears for Indices.
Have a wonderful day ahead.
Trade Journal
(Just a trade idea, not a recommendation)
Yesterday the DAX idea I posted was spot on went to key support area the next support area is interesting we could get further decline.
Support: 15090, 15035, 14925
Resistance:15215 & 15249.0 (Anywhere above bulls are back in control above 200EMA)
Pattern: Wedge /Double top smaller term may develop
Personally, I am loving scalping and day trading DAX I do feel indices overall globally are over extended apart from FTSE of course, I think the indices will get more interesting around summer and mostly in August if not definitely at the end of the yr due to fundamental aspects that may occur.
Seasonality wise: May is usually a good month for the bears for Indices.
Have a wonderful day ahead.
Trade Journal
(Just a trade idea, not a recommendation)
Note
At key resistance area - It does look like double bottom shorter term!Note
15105 area a break below bears have further control until then we range bound.Trade closed: target reached
What a beautiful trade!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.