Welcome to the first session analysis of a new week. Friday's price action has been quite fruitful. For a major session duration, Dax was dropping towards a consolidation zone from 02 July, where we found buyers and the price closed somewhere mid-range session trading. The US NFP was released at 14:30, but besides one volatile candle, no major reaction was seen....
Welcome to the last analysis of this week. Tomorrow's analysis will be skipped due to a national holiday. Yesterday's statistics for breaking Tuesday's high was successfully passed. Dax rose all day and closed near its intra-day high. Today, we open with a smaller descending gap.
Support: 12 597, 12 543
#Dax #Deu30 #Renkotrade
Hello to all watching my charts-
For the end of the day after finished trading Dax for today
lets have a look what has happen.
LONG : So we are long in all timeframes, and my shortchannel
is totally parallel included Long in the longer channel, thats the reason
i have included here as always, but it sends us no new information
Hello to all watching my charts
Today the Dax is since the EZB announcements
and FED meeting in the bullish aerea again
And the Dax is exact in the middle of my channel , so at the moment
nothing in front what for me can change the setup quickly
We have some resistance at around 12400 from may
but in may oppinon "Trend beats resistance" and i would...
Hello to all watching my charts.
Dax now is in a consolidation mode.
I prefer at the moment the lower side
with a 60 to 40 percentage.
The reason i have no fine feeling for staying long is
that we see lower lows and lower highs.
I tried to marked it whit the red lines.
In classic charting thats a downtrend.
But after the strong rally from 11640 to the...
Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in...
Yesterday, we expected a retest of 12 139 and the drop towards the trend line. Dax did not reach all the way towards the resistance zone, but the return to 12 046 level worked well. The market met both of our indications – the support zone of 12 046 and the trend line. Bulls were not strong enough in the afternoon session and the price closed slightly negative at...
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
Yesterday’s session corresponded with our analysis. After the open, Dax began to descend towards the support at 12 946 where we haven’t encountered any buyers and the price continued lower. Later in the NY session, Dax unexpectedly jumped up and today we open with a descending gap.
Resistance: 12 097, 12 190
Support: 11 917
For a change, yesterday’s session was in the hands of buyers. We first found some sellers at the resistance zone of 11 956 and they pushed the Dax some 50 points lower before buyers stepped in. Dax is opening with an ascending gap today.
Resistance: 12 139
Support: 11 946
Statistics for today
Detailed statistics in the Statistical Application...
Hello to all watching my charts.
Dax moved out from the long channel
and is now drifting sideways.
In my view no time to act at the moment in long or short direction.
On the sownside to short there is support at around 12260
(blue lower line)
If it breaks that also its short time in m< view.
On the upside the next barrier resistance is 12350 aerea.
As DAX now crossed the DC 11 channel (Donchian Channel 11)
i suggest to be custious on the long positions and for me
it seems to be best for long positions to close at 15:00 german time
In addition Dax has fallen under the red EMA which is in system trading a long close signal
At the moment it not a position to switch in short.
We have to wait what happens...
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.
Dax 15:00 german time at the decision point
Smaller support have been broken right now at 11975
Please check there the upper red line
But the bigger support at 11960 holds at the moment.
If these 11960 line will brake at end of 1HR Chart
(16.00/17.00 or tomorrow)
We should sell long positions and go short.
If the support will hold LONG is to stay
Hello to all who watch my charts.
I brought you here my trading journal in the DAX of the last weeks.
Timeframe is the 1 HR chart.
We had a long signal until 27.3. 9:00 clock german time
then we got a short signal at 11714
After that we were short to the ground at about 11370.
(Difference about 340 points)
So the signal turned on Long at 11370.