Almost becoming a standard for the stock market to bounce right back up again after some bad bearish news and price action. This time there is a chance things might be a bit different though. On the left it looks like there is a real resistance zone now inside this bear flag. I have not posted much about these markets, because the noise has been extreme past year....
Monday's session turned out as per our expectations. Although there was no short to capitalize on, one of our hypothesis was the significance of trend-line to support bullish traders. The resistance at 11 723 slowed down the price incline but no big short correction was seen. Today we open with a small ascending gap, which has a 60% probability of...
I Will take a closer look at RSI lvl 50 and MA200. The reason is if the price holds above MA200 and the RSI 50 is crossed then new trade can be made. Anyway, DAX holds many right now oversold stocks such as BMW, LHA, DAI...
Friday's session was relatively difficult to trade. It looked like the price might go down a few times, but bulls were stronger and took the price towards our resistance at 11 606. In the end, the gap between the sessions wasn't closed and the trendline wasn't even relevant. For today, we open with yet another ascending gap.
Resistance: 11 899,...
Our market analysis didn't go well yesterday. We've had clues for the uptrend continuation and breaking of Tuesday's high. Instead of that, Dax gave us the complete opposite and formed a big daily sell-off. Today we open with an ascending gap.
Resistance: 11 899, 11 629
Statistics for today
Detailed statistics in the Statistical...
Dax was in a process of uptrend and development, but the latest push failed to stay consistence in the uptrend.
It is expected a further reverse to the downside before further continuation.
Several Trade ideas in chart
DAX has made a Bullish SFP at the Low of the Trading Range. This downward movement also seems like a Bear Trap which gathered the enough liquidity for the next leg up. But first, price needs to reclaim the upper zone of the Key OB and get back in the Wedge.
Please let me know if you have any suggestions or any ideas...
DAX showing bullish divergence on 4hr between Aug 6th and Aug 15th with price making lower lower (LL) and macd making a high lower (HL). Price reversed after reaching weekly S3. Price to re-test 17000 as support (previous resistance) and is also the weekly price pivot and fib mid point (beween 62.5 and 50 fib). If price breaks 17000 next resistance is...
DAX has touched (and marginally breached) the 11,620 1D Support today (RSI = 36.615, MACD = -138.200, Highs/Lows = -362.6572) forming a Death Cross on 4H (MA50 crossing below the MA200). This is normally a bearish pattern but has proven to be bullish for DAX on the 4H scale.
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I started trading in 2013 and I followed the American indices, SP-500, DOW-30, NASDAQ - 100 (they look about the same) .European indices DAX-30, IBEX-35, FTSE-100. And each of them shows the economic situation of the country .
I love Economics, but what I've seen over the years – it was a bubble blowing, a cycle. Now there are a lot of offers to invest in shares...
Let's start with daily chart;
Downtren started in January 2018 still continues. Value tested the resistance 3rd time on July 25th and than steep fall has been started.
Now when we come to 2hours chart, we can see steep fall trend line started on July 25th better. Today the price is going up and seems like that it will...
there are some technical resistances, but we got extreme support areas and an "long" term uptrend. the fundamentals are extreme bullish, we got an growth company with solid financials here. Im sure it will outperform the DAX(Germany 30) this year by a lot.
DAX - Looks like there's room for one more push lower as we seem to be only in a wave 4 for now.
Be aware that price could stay sideways a bit more before falling.
If price moves above the invalidation level, then the count is wrong and we most likely have started the bullish trend
and need therefore look to buy