Price has met a diagonal 45° trendline resistance and as we enter the month of May it is ready to head down. This graph is an extended version of the previous idea seen/linked below.
Price has met a diagonal 45°trendline resistance and as we enter the month of May it is ready to head down.
Trading plan 2 is activated. See last dax-tradingplan "No Endsieg there"
There should be 3,000 points to be distributed again shortly, and again on the short side. The whole LockDown is causing more damage globally, so that many more people will die as a result of the LockDown than of the Corona virus, because when people are starving and have no more livelihood, then you are waging war, because somebody has to be to blame. In...
Win win situation. Ride the C or the 3.
Is the DAX Index in the Most Bearish Configuration Ever?
DAX in a good rising channel with multiple confirmations. Break to the downside is a sell signal, need an impulsive break. It will also break 50 and 200 SMA's. If DAX continues to the upside this morning, waiting to see if it can break higher than 61.8% to have more confirmation for a long. PMI from Europe this morning is released, so could cause...
A last high would be possible before the light is turned off. But I am already short. If the economy is not successively boosted next week, the DAX will not recover this DECADE!!! Then it really doesn't matter whether 0.37 percent (German Heinsberg study) or 1.98 percent of those infected with corona (Bill Gates sponsored Johns Hopkins projection) die, because...
Euro/Usd dropped to the second Fib support 1.0846 as the Germany's court demands justifications for ECB's mass bond buying program . The pair failed to break the 100 day exponential moving average (1.0975) last week ,although price made a high around 1.01017 area . Technically , breaking the 1.0846 short term support,price likely to test the third Fib level 1.0798...
Hi guys, so we got quite a boring session yesterday, EUREX:FDAX1! was oscillating around 10 500 and we did not get any interesting movement. Today we are expecting testing the zone and we will see who is going to be stronger - bulls or bears? :-) Good trading! John FINEIGHT Team
Good morning, everybody! After Friday sell off EUREX:FDAX1! opens with a large gap today. Sellers are back in the market and I am looking for an opportunity. The price is now reacting on a minor resistance and we have got another major one higher, so what is it going to be? Stay tuned for more updates! Wish you good trading, guys. John FINEIGHT Team
Index broke up resistance during last week trading session, but down on thursday. I tried to outline to possible scenarios.
Awaiting a nice long buy position it looks like! I find it will be highly unlikely for the price to drop again and i'm thinking we're heading back to previous highs as covid-19 lockdown measures will ease.