Filled the gap as predicted and now selling off. Bearish for Monday, though it may just go sideways.
Looks to me like it wants a double top and gap fill then drops.
Potential for a gap down tomorrow because FDAX is overbought. Don;t recommend holding any long positions overnight.
Just realized that Monday is a holiday, lol. That makes predicting the gap even more difficult since EUrope will trade 2 days before the Tuesdat open. Looks to me like FDAX wants to go oversold on MFI so probably down Monday morning and up Tuesday morning. Gap could go eitehr way, staying out. Remember, futures move in the same direction as the markets that are...
Pattern: Channel Up on 1D. Signal: Sell as the MACD is flatlined and could repeat the September 2020 sequence. Target: The 1D MA50. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !!...
Trend(Daily/Weekly/Monthly): Up/Up/Up Price is over-extended. Possible plays are short on rally, long on bounce. My bias zone: 13477-81. Above R: 13701, 13799(strong R zone), 13976(good for swing short) Below S: 13555, 13519,13493,13420,13373,13273,13227(strong S zone)
So the EUros tanked futures, went from overbought to oversold in one night, lol. I think this has further downside, all the way to a gap fill below. Probably causes US market to double bottom.
Went up anotehr 1% despite being overbought.... MFI didn;t even move. Amazing. All this stimulus and QE messing up te indicators
FDAX went overbought this morning, looks weak now. Bearish. Certainly don;t hold any long positions overnight today. Also, was kinda weird that DAX went up 1% and US futures didn;t do jack.
In case you're wondering why futures are up even though the market finished really bearish yesterday, it's because futures travel the same direction as the markets that are open. Europe went up big this morning, so US futures are up. FDAX indicators show no direction though....
Seems like Europe is the only market that makes any sense, everything else is pumptarded. They've had zero interest rates before COVID, so it doesn;t make any sense for them to set new ATH, and they didn;t. Appears to be range bound trading.... We'll see i f it hits the bottom orange line. Seems to me like it needs to close the vaccine gap now that its...
Pattern: Channel Up on 4H. Signal: Buy but only if the price breaks above the middle of the Channel again. Otherwise the pattern may turn into an Inverted Head and Shoulders. Target: 13600 (Higher High trend-line of the Channel Up). Please like, subscribe and share your ideas and charts with the community!...
Trend based on my system: Daily/Weekly/Monthly - Mixed/Mixed/Up As mentioned on Friday, it is now the weakest indices. If you are a trendfollower, you are probably better off going long US indices, and if you want to short any indices, #DAX30 should be a suitable candidate. If you believe in mean reversion, then it's a different thing. My bias zone is...
Based on my system, #FDAX is now the weakest index compared to #FTSE #SPX #NDX #DJIA. Pointing to more downside. Trend wise (Daily/Weekly/Monthly) is Down, Mixed, Up respectively. Below blue zone at 13235, look for break of 13199 for 13145, 13103 and 13035 to trade. 13035 should cap low of day, though with further selling we could see 13000 and 12930. Above...
That means a bounce, no wonder why we're getting a bullish finish on a Thu which is usually the weakest day.
RSI overbought but MFI isn;'t. Looks bullish like it wants to fill teh original COVID gap from Feb. If FDAX goes up, the market usually gaps up. The only reason why some indices are red is because Asia dropped yesterday.
OANDA:DE30EUR Resistant2 = 13497 - 13830 Resistant1 = 13222 - 13300 Support1 = 13019 - 13057 Support2 = 12684 - 12720 Look left to Sep 2020, price is now approaching a resistance area. Caution: If volume remains low, look out for possible reversal.