DAX almost completed a double top before it fell quite sharply, current price action seems like getting ready for fresh falls to test at least June lows. If you have your trading strategy, consider short setups.
Good morning traders. We stuck here with DAXI. since US markets are forming a topping formation, not much movement.
A double break of the orange line will be sell signal. Also RSI A-B setup is bearish (BUT it's 1hr chart. on daily frame there is no BEAR DIV)
So we might face another rageing, boaring day :)
Better go off and enjoy life today ...
Good morning traders. Basiclly im still short from yesterday top = 61.8% retrace = 12370.
Our Problem is SPX is keep bumping the 200MA on the 1hr chart. and hold. So daxi stuck here.
2 options on the table. SPX bounce once again. could leed daxi back to 12400.
SPX breaks 200MA down. daxi RED.
watch the fib lines for possibale turn point + the orange pivots as...
~ Hourly diamond formation on the german DAX. The daily trend is upwards, climbing to the top of a canal. I will wait for the breakout though as any good trader would, and would indicatively state 11960 as a target if bull breakout, and 11540 if bearish breakout.