DAX turned technically bearish on the 1D time frame (RSI = 42.479, MACD = 3.900, ADX = 32.769) with the RSI approaching the lows of March 17th. This is our first long term buy entry as the price is not only at the bottom of the (blue) short term Channel Up but also testing the 1D MA100 for the first time since March 20th. If the price closes a 1D candle under the...
Last Friday, market sold off after Thursday's somewhat bearish close. It sold perfectly to support before an equally fast recovery. Market closed near the mid point. Weekly chart looks bearish with price below weekly BZ. Also, looking at how the monthly candle at this point of time, my thought was that if price trades below May's low, that could trigger...
personally I belive Dax going to 19000 area(filo 161% weekly show 19000) , so be careful from any sell above 3 green arrow , when on 15-60-240-daily you see buypinbar, dont fear buy with SL in pinbar low, understand? wish you win
DAX is on a 2-day pullback with a new (dashed) Channel Up emerging. The index is already inside two long term Channel Up patterns. The RSI (1d) crossed under its MA level, calling for a technical pullback inside the borders of these Channel Up patterns. Trading Plan: 1. Sell as long as the price remains under Resistance (1). 2. Buy if it breaks above...
DAX is on the 4th green 1day candle in a row, extending the spot on buy entry we gave 2 weeks ago exactly at the bottom. The 1day RSI is on balance bullish levels (62.31) and shows still upside potential while there is still room left before the Channel Up makes a Higher High. That will be at a +6.30% rise from the Low, as previously taken place. Target remains...
DAX rebounded at the bottom of the Channel Up, forming Support (1) at 15625. By doing so it completed the formation of an Inverse Head and Shoulders. This is a twin bullish signal same with the March bottom. Trading Plan: 1. Buy on the current market price. 2. Sell if it crosses Support 1 (15625). Targets: 1. 16340 (Resistance 1 and Gap fill as per the March...
DAX is holding the 1day MA50 Support for the 5th candle in a row. This keeps the Channel Up intact, with the price near its bottom. The 1day RSI is on a consolidation under the MA trendline same with late March. That was the same price consolidation after a Channel Up bottom. The price rallied by +6.34% from that level. Buy and target 16600. If the 1day candle...
DAX is on its 4H MA50 with the 4H MA200 on a parallel move to the bottom of the Channel Up. Both the 1D and 4H (RSI = 52.763, MACD = 7.300, ADX = 19.891) are neutral so we will only take short term, confirmed trades after breakouts. A crossing over R1 (even better if the 4H RSI also crosses over its LH trendline) is a buy breakout signal (TP = 16,100) and further...
DAX is on a minor pull back as it came near the top of the Megaphone pattern which is inside the larger Channel Up. If it breaks upwards, buy the breakout. If it pulls back failing to break above the Megaphone, sell and target the 4hour MA200. Reverse to buying at the bottom (15650) of the Megaphone and Channel Up. Long term target 16250. Follow us, like the...
DAX is trading inside a Channel Up with the 4H technicals neutral (RSI = 53.275, MACD = -10.100, ADX = 32.263). With 1D also neutral , it indicates that the dominant bullish trend has to be favored and that this is a buy opportunity. That is also supported by the 4H RSI which held the 38.60 Support. Keep in mind though that the index has been pulling back inside...
DAX turned bearish on the 4H time frame (RSI = 41.803, MACD = 25.466, ADX = 46.018) as it crossed under the 4H MA50 and hit the bottom of the short term Channel Up as well as the S1. So far the uptrend is loosely supported and the Channel Up is targeting the all time high (TP = 16,200). If however it closes under the S1, we expect a test of the 4H MA200 at least...
DAX is trading inside a Channel Up for the whole month of April. Until it breaks, scalp the whole range of the Bollinger Bands. If the price crosses over it, buy and target the All Time Highs of 2021 at 16300. If it crosses under it and more specifically the 4hour MA100, sell and target the 4hour MA200 at 15500. Previous chart: Follow us, like the idea...
In this update we review the recent price action in the #DAX futures contract and identify the next high probability trading opportunity and price objectives to target
IN this update we review the recent price action in the #DAX futures contract and identify the next high probability trading opportunities and price objectives to target
In this update we review the recent price action in te DAX futures contract and identify the next high probability trading opportunity and price objectives to target
Gap direction has been hard to determine because FDAX is whipsawing, but it did bounce off of oversold MFI overnight, so I assume gap up tomorrow. As I'm typing this someone pumped futures, lol.
IN this update we review the recent priice action in the DAX futures contract and identify the next high probability trading opportunities and price objectives for the week ahead
In this update we review the recent price action in the DAX futures contract and identify the next high probability trading opportunity and price objectives to target