Happy Tuesday, Happy PMI Day, Line in the sand for DAX is 12817 but it is dealing with all important levels of market structure between August low of 702 & close of 817. A decisive move breaking of one of the levels and then continuing will set the direction. Levels to watch today are 442, 677, 940 & 991 Macro US S&P PMI, ISM Employment Index, New Orders...
Happy Monday, Happy New Week, Trading may remain thin post London open due to Labor Day holiday in the US. So get ready for erratic price action on already very thin volumes. We are an inflection point. DAX now has more hoops to jump going up than going down. Level to watch are 12 688, 702, 818 on the upside for bullish indication. Break of 12 600, 560 & 442...
This is break of strategy and better wait to sell from the sell zone to start a new trend.
This is break of strategy and better wait to sell from the sell zone to start a new trend.
Happy Friday, Happy NFP Day, Bold prediction: if DAX crosses 12587 & goes below 12352, it will break 12k and we will be going back to bear market Today we are likely to push back above 860 to close the week with a reversal candle. Move towards 598 & break of that will attract it to 376 & onwards Macro US Avg Hourly Earnings, Labor Force Participation, NFP ...
Happy September, Happy Thursday, DAX will cause some serious damage if it loses 12702 & 12677. The next level will be 12442 followed by 12323 On the upside, it is now firmly capped at 13k as bears now taking the charge. I am making a bold prediction here - the probability of 9943 followed by 9370 has gone up significantly If you are thinking of buying the dip...
Hello Traders, DAX Germany's index reacted at 0.5-0.618 % Fibo's reatracement. Target 13350. RSI is rising after a dump to oversold.
Happy Midweek, Happy Wednesday, DAX is at a precarious level. Bulls need to regain above 13275 & 13360. Bears are pushing to break 13050 & 12955. Line in the sand today is 13175. Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales Buy Break: 13 160, 210, 265 Reversal: 13 085, 010, 12 985, 920,...
DE30 Oversold, can expect a return back to 13514.00
Happy Tuesday, Line in the sand for Dax is 13850. However, for the rally to continue 13900 has to break. Bulls need to defend 13810 & 13780. Bears need to take out 13730 Macro : EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI Buy Break: 13860, 13920, 14010, 14070 Reversal: 13800, 13740, 13690, 13600 Sell Break: 13820, 13760,...
Happy Independence Day to all my Indian brothers & sisters, It is peak of summer vacation in Europe so expect choppy jumpy moves Macro Nothing of great significance today Line in the sand for DAX is 13830. A break below will bring some selling. A move above 13870 may start another run. Buy Break: 13875, 13955, 13990, 14030 Reversal: 13795, 13715,...
🛎 Signal Alert 🛎 📓 Pair Name : DAX 📊 Type : Sell 📌 Entry : 13700 - 13750 ✅ Target : 13500 - 13000 - 12700 😡 Stop Lose : Close Daily Candle Above 13850 🎚 Risk : 2 - 3 %
Happy Midweek. The Gandalf line for DAX is currently at 13300. Bulls are in-charge but still very fragile. Today's macro can break them. It has always been my experience that when price action approaches Big Brown levels, it gets into consolidation because it is decision time. Currently that level is 13440 (B) Macro: DE - Trade Balance, BME PMI, EUR - PMI,...
Because of the gap and the volume indicator, the bulls are weakening and bears get power. so the trajectory would be long but bearish.
Happy Monday, Happy August Dax now has to establish above 13580 to be completely bullish. The trend is definitely up and anybody can see that. I will publish monthly analysis separately but current move looks like a pullback on overall downtrend. If that is true then a continuation in monthly trend towards downside could be very gib. Alternatively, it can stay...
DE30 recent higher high has confirmed a potential upward movement . waiting a pullback for entry @13315 SL 13121 TP1 13500 TP2 13720 TP3 14000
Happy Friday and Happy Last Trading Day of the Month DAX range has compressed so it is making multiple levels of support and resistance. We simply have to deal with it until it makes up its mind and moves The bias is turning bullish by the day but the drop is going to be significant. So always be careful. " Trust the trend but verify " in force Macro: EUR...
Happy GDP Day DAX has been in a bit of consolidation since 19th July. A strong news can break it out of that range. Current outlook is turning bullish but I would remain careful. A break above 13380 will set strong bullish direction if it continues after that Bears have hard work in front of them to break 13070, 13000 & 12810 Macro: EUR business climate,...