Thursday's session turned as expected. Dax broke the previous day low, which had a statistical probability of 96%. Sellers were dominant right from the beginning and proved their strengths yet before 11 629 so the profit potential wasn't that exciting. Dax dropped some 300 points just to almost fully correct this drop later in the day. Thursday was a rollercoaster...
Monday's session had an expected development. We first saw buyers taking the price slightly up, yet not able to retest the 11 823 level. Sellers took over and pushed Dax to the support zone of 11 657. It took some time for this to be broken to the downwards and bears dominated the intraday session until the close.
Resistance: 12 031, 11 899, 11...
Both buyers and sellers could take good advantage of Friday's session. Dax first headed upwards and stopped at 12 330 where the price sharply reversed. Bears were held down at 12 200, slightly below our mentioned support zone. The session ended near its open priced 12 227.
Resistance: 12 330, 12 380
Support: 12 234, 12 200
We welcome all of our readers with this last day of the week analysis. Dax respected our zones perfectly yesterday. Today's price opens at yesterday's resistance zone and with a big ascending gap.
Resistance: 12 380
Support: 12 234
Statistics for today
Detailed statistics in the Statistical Application
Tuesday's session could be characterized as a lazy and boring one for most of its duration. Dax started by closing the gap, followed by the entry of sellers who took the price down to the support level at 12 350. This zone functioned perfectly and the price bounced as expected. There was even an intra-day low formed there. Dax opened with a descending gap this...
Yesterday's session turned out to follow our hypothesis only partially. Dax started its decline towards 12 391, but buyers didn't use this level to enter the market. Following was a descend towards the second support zone in a row, laying at 12 326, yet this price wasn't reached and Dax reversed upwards. In the end, Dax closed approximately in the middle of its...
Yesterday's session was very nice from our point of view. As we highlighted, Dax first went up to close the gap at the resistance level of 12 564. The price then reversed exemplarily and the high intra-day swing was formed as well. Today, Dax opens with a descending gap and so far, the momentum indicates the retest of the support level laying at 12 391.
It is not yet time to Buy but my traningplan for the next bull run is ready. So the only what i can do is wait and trink one, two, three,... bottle of beer. :-)
Wish you all a nice Father's Day and who it is not yet, maybe just Beginning today ;-)
Greetings from Hannover
Bulls were facing a sad scenario yesterday as the selling pressures continued through the gap closure. The price stalled lower at the support level of 11 985. In the end, bears broke out that zone and Dax closed on its intra-day low at 11 965.
Resistance: 12 063
Support: 11 861, 11 922
Statistics for today
Detailed statistics in the Statistical...
A red channel is descending, the trend is completely downward, you can see that the Dax stopped precisely with resistance. Later, it returned to resistance in a short time and again it did not succeed. Now the sellers are taking over.
Entry price: 11980
Stop loss: 12250
Take profit: 11630
Yesterday’s session turned out to be yet another success in a long row. The hypothesis suggested the breakout of Wednesday’s high and Dax was pierced that level with strong momentum, not even reacting by any bounce at the resistance level of 12 190. We haven’t even found sellers at the first resistance level laying at 12 097. Today we open with a descending...
Hello to all watcching my charts
Dax is long since a while in the long trendchannel
First sign of weakness should be the fall
below DC 11. (Donchian 11)
If the lower channel breaks the long setup is gone.
Hello to all who follow my charts.
The Dax runs exactly in the long trend channel up I have drawn
I marked it red again
so that he is better to see.
The dax today has 2 new resistance lines taken out of his way, which I have now marked as support in blue.
These are the two upper skewed straight lines at about 11775 (current state)
So he has continued to...
As described the days before DAX has made a new Long setup
verify to see at the new red marked trendline long
For the next trading day:
If Dax can not hold the strong long setup there is a blue marked
long support line below where Dax could hold and stay in long
If these trendline also breaks there is the big support
( have colored in black) at around...
Dax today has not his strongest day.
Starts with a big jump and starts exact as the resistance at 11615
hat a little bit resistance here i call this to 111620 and than a direct fall
to our well known long trendline we have seen now many days in Dax chart.
I have marked them in purple.
From these support DAX could bounce back a little at the end of the...
We are currently on very serious and important resistance that will determine the direction of the DAX for the coming days, According to Ichimoku indicator we are still in a downward trend, despite recent increases!
And we are also on the resistance of the Fibonacci retracement (23.6) Which means continue to move in the original direction.
For all the reasons are...