Could just be a bull trap, but it looks like there's money flowing in so hopefully it goes one morning without tanking, lol. MFI was damn close to zero for 2 days.
Someone asked which ETF for DAX, try EWG. Note that it's not hedged for currency.
these days dax,dow is range (zigzag 13500 to 12400) this range can countinue
note=on fdax we have head and shoulder in Daily chart ,if low breaks ,dax can crash to 12000 to 11000
for see daily analyse use dax fut
Algos buying futures this afternoon because they expect a gap up tomorrow. FDAX went oversold on MFI.
Considering MFI is oalmost overbought on ES1!, I'm expecting a pump and dump tomorrow, so gap up and tank.
Hi guys DAX retraced back up to the price level which I wanted to see for another short opportunity. Looking at the daily chart it would however make more sense if that move plays out tomorrow. However at 4H we already have a nice signal candle in the chart.
So one of the reasons why I was bearish for open today is because I had this overlay going last week.... didn't publish it, probably should have. Then again, I'm on a 10 post limit since I'm doing a free account, if you guys want me to upgrade, you can always chip in some money, lol.
So it exceeded my overlay target and went severely oversold on RSI, but MFI is...
DONT CLOSE YOUR + POSATION SOON , BE PATIENT ,IF YOU CANT WAIT (SHOT DOWN YOUR SYSTEM AND GO AWAY FOR 24 TO 48 HOUR
DONT FORGET PATIENT =BIG PROFIT
DAX SECRET=WHEN PRICE IS ABOVE DAILY EMA200(YELLOW LINE)LOOKING FOR BUY , OR PUT BUYSTOP ON HIGH(15MIN) ,DONT PICK YOUR SELL SIGNALS (CHECK 2019 HISTORY)
European equity indices are far behind the US markets.
If we experience correction in ES and NQ, indices such as DAX gives us very clean structure to follow.
Break of a trend line to the downside should take us around a yearly vwap and anchored vwap support around 11600.
Big drop for the US market, but the only thing FDAX did was give up yesterday's gain. Indicators in the middle, though scrolling down.
This could go either way tomorrow morning, no indication of direction for the morning gap.
I bought one TSLA put for kicks and giggles, lol.
I really need to start waking up earlier in the morning (market opens at 6:30am west coast).
FDAX went overbought on RSI... that prompted the tank. Probably a small bounce tomorrow and a tank over the 3 day weekend.
The range 12,850-12,860 should be magnetically attractive.
Is this where the trend reversal and thus the end of wave 2 takes place, or has the air gone out of the market and market participants are securing their profits before the US election (in 2 months) and are switching to cash, gold, commodities or ...?
Greetings from Hannover
Friday's trade is running and now would be the chance to build up a long position in the current correction with SL just below day low at least when the abc correction is over.
Of course, it is possible that the abc will first complete a wave A, but this would become apparent relatively quickly and we would then have to put the SL on entrypoint of short position...