The only thing certain on Friday were our S/R zones. Have a look at how our resistance at 12 151 functioned perfectly. Dax went to retest this level also as it was the VPOC of previous session and the price exemplarily bounced away to offer enough opportunities for profitable trades. Besides this, the session hasn't really presented us with any more interesting...
Looking at a uptrend on the DAX30 CHART. DAX30 is gaining momentum following the recent heavy downtrend during the COVID-19 issue. At the current price level, we've got a bearish. Expecting the downtrend to move to fibo 61 before a bullish movement... If you like my idea, please do not forget to like And subscribe. Gracias🙂
Welcome to the new trading week. Our analysis on Friday turned out very successful, again. According to our statistical application, we saw the closure outside of the previous day range as this hypothesis had a high statistical probability. Dax continued in its bullish traction all the way towards the resistance level at 12 882 and the NFP print helped...
Our forecast for the next week on DAX ------ Trading Kitchen
In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart.. The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I...
In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart.. The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I...
Indices still reluctant to go South. Patience is key. Daily Vegas waves currently supporting us.
Dax continues to trade inside the short term rectangular range (10250-10900) ,11000 area remains as the major resistance which is also the 50% Fib retracement level (13820 - 7965 sell off) .Price got squeezed inside the major EMA - Fib levels since a month backed by the Q1 earnings numbers + ECB's comments on the strong intervention to support the economy,though...
Win win situation. Ride the C or the 3.