Oversold on MFI and RSI Probably gets a bounce tomorrow morning. Not shorting anything right now
RSI hit overbought with MFI divergence, index rolled over hard. Bearish for the open tomorrow, guessing gap down regardless of what the indices do during the day
Indicators show no direction and it's right up against the calendar year trendline. I'm taking a couple of days off, wasn't thinking very clearly this morning. If tomorrow is a green day then we probably see a rally for 2 weeks, if not then we're already pretty close to the bottom anyways. I'm too skittish for long plays, I'll watch.
despite some down movment led by DOW , i belive dax trend is + up best accetion is buystop on high , if you have sell ,100% put SL on high 14150 , if it break dax can start +up trend good luck , 90% looking for buy dax love buy +up trend ( sell on dax,dow,index is very dangrous) ALERT = DAX LOVE EMA200 DAILY (orange big line on chart) it can fly up...
Since someone asked.... FDAX indicators show no direction for Monday but I can't imagine it will break this calendar year trend next week. In any case, keep an eye on BTC, if shit coin takes a crap I bet everything does next week.
Indicators in the middle, can go either way tomorrow. Asia has been consistently bullish this week though despite the US tank
AC indicator on 4hour do its job exclent dax touch fibo 61% ,now in pullback as predicted befor ( daily chart trend will + up) now looking for buy when OK comes , OK= when PINBAR comes on 1hour , 4hour,daily chart or in 15min chart ,price break last upside trendline dont fear pick buy with SL in day low ,,,, hold your buy 6-7 day to 14800 area or more good luck
MFI really close to overbought.... If it hits overbought over the weekend we could see the market trying to fill teh lower gap instead of the upper gap on ES & NQ
In this update, we review the recent price action in the DAX futures contract and identify the next high probability trading strategy and price objectives to target
Oversold on RSI and MFI. Possibility of double bottom after a bounce though.
we have 2 gap now (on cash phisical dax index) must fill if bad news not come we are near low ( it little can go downer to above red area , we must pick buy) IF YOU PICK BUY , DONT CLOSE IT SOON , WAIT 10-20 DAY MINIMUM TO 14800 or above
RSI is now touching oversold much like NQ I told you guys that FDAX looked bearish yesterday and not to go long in the afternoon. I hope you listened. I just closed out my puts a few minutes ago, I expect the market to go up after the European market closes, but I'm not gonna play it. Some jackass trolled me a couple of months ago mocking me for tracking...
Looks damn bearish and a lot of people are projecting that Putin will declare war on May 9th which is Victory Day (WWII) for Russia. I don't see Europe going up tomorrow morning if everyone expects Russia to declare war on Monday. I don't recommend going long until ES1! and NQ1! go oversold on my short term chart anyways.
In the past month, I've made a case why DAX remains a long-term sell. The key parameter is the Lower Highs trend-line that started after the index made a (near) All Time High on January 05. As you see, the price has been rejected on that trend-line countless times already and on today's 1D candle, it has come the closest since the April 21 rejection. A new...
In this update we review the recent price action in the DAX and highlight the next high probability trading pattern and price objectives to target
Nasdaq crash today evening , push dow ,dax down , now we are looking for buy for hold 15-20 day until new high ( Ema200 daily 100% will touch soon, dax love EMA200) advice = when pinbar comes on 1hour or 4hour or daily chart , dont fear pick buy with SL in low (punbar low) then try hold it mibimum to EMA200 daily ,understand? if dax going downer in above ...
dax break big trend line (on FED increase rate news) for now : we can pick sell under red arrow + sellstop in friday low and we can buylimit above 2 green arrow and hold them 10 day to EMA200 daily near 14900 if you have old buy , put SL or hedge sellstop under friday low , allow dax go down and back to up, up trend apear ( neverclose sell in low ,...
FDAX RSI hit overbought, so market looking weak. Possible gap down tomorrow, feeling bearish at least for the open tomorrow. Not to mention Friday is usually the day fund managers re-align their portfolio and you gotta figure they're going to dump crap stocks based on what NFLX did.