Not sure , but if it holds on here 10648 , I can notice we have a clear HIDDEN bearish divergence, that could come in play now >>> to the downside. Put a SL above that level, for a start.... and move the SL down, when posible. Not an easy task , so let's see if it could be any good.... That 4h-candle was not finnished, for another 2 hours.... but I did choose to...
this is best moment to sell dax on really big move
since dax ended his correction game, it looks like the up move was of a "correctional" nature to prepare a much bigger sell off. Areas of interest will be between 10.600 and 10.550
Long time i think about DAX. I see one Global chanel(RED) and smaller channel (Black). In all channels shall be downward movement. Every order to open with SL Have good profit my people!
> 9331 Points still bullish (short-term time frame) = 9330 Points neutral < 9329 Points bearish (mid-term trend-resversal-formation is starting) < 9329 Points bearish (long-term trend-resversal-formation is starting)
Next buy area at green ballon, between February lows (8.699) and 12th February (8.967).
Brexit Financial Times poll 6 June: Stay: 45% Leave:43% Odds Betfair Stay: 70% Leave: 30% Something is not right, someone is lying and i bet are polls. Base on that i design a new up channel and a possible buy are to get long. Make your comments.
My stop profit was actived at 10.037 (DAX futures) during this night. For now i am out, waiting where DAX wants to go. May lows is the key for bulls and bears at this moment. Has you see DAX break the ascendant channel. If DAX close below 9.733 a re-test of february is a option.
DAX Look: return to levels of demand The key short-term support is at 9,900 points. DAX drop 1,03% which falls at about 14:30 hours of today's session. This has led to the price of our indice to close the gap at 10.057 points. Short-term the trend is bullish (until the price stay inside the channel DAX still in bullish mode) . We do not appreciate any sign of...
DAX is near to close the 10.057 gap. I will advice re-open (add more) longs at this levels
For the 1st in the last 12 months DAX make a new higher high. Of course DAX will have some pullbacks in this travel to new all time highs.
Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart. Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
Expect that DAX will test again the all time highs until December 2015. I think december FOMC meeting can bring the 1st rate hike since 2006. My opinion bulls will lose control in 2016 and bears will come and bring DAX to 5.500 area (see the red line from the last lows) . SHORT TERM - BULL LONG TERM - BEARISH See chart to understand my view...