DAX broke yesterday above the 1D MA50 (blue trend-line) again after rebounding at the bottom (Higher Lows trend-line) of the December 2022 Bullish Megaphone pattern. This is the new technical bullish leg that will aim to form the next Higher High. On a similar way with the previous bottom rebound on March 20, the Low was also priced after the 1D MA100 (green...
DAX is testing the MA50 (1d) following a rebound on the MA100 (1d). That was also the bottom of the short term dashed Channel Up as well as the medium term yellow Channel Up. Technically this is the strongest buy opportunity since May 31st. Trading Plan: 1. Buy when a (1d) candle closes above the MA50 (1d). 2. Sell if it closes under the Channel Up. Targets: 1....
DAX is on the 2nd straight green day after the rebound on the 1day MA100. That was also a Higher Low at the bottom of the mid-March Channel Up. Buy and target Resistance A (16440). Sell if a 1day candle closes under the 1day MA100 and target the bottom of the December 2022 Channel Up at 15310, where you can take an even lower risk buy. Previous chart: ...
DAX is trading inside multiple short and long term Channel Up patterns, an indication of a strong bullish trend, showcased by the green 1D technicals (RSI = 59.394, MACD = 107.100, ADX = 32.591). As long as the 1D RSI stays over the MA line, we remain bullish (TP = 16,500). If it breaks under it, we will target first the dashed Channel bottom (TP1 = 16,000) and...
Hit overbought on RSI and MFI. There's always a chance it breaks out to a new ATH like last time (see highlighted area), but this could be a double top. I mean it all makes sense for Germany to break out while it's in an official recession, right? LOL, crazy market.
RSI overbought, MFI is ot there yet. Looks to me like it wants to double top because recession is apparently good for German economy. I have no idea why the European market is so disconnected with reality. Anyways, I'm not just spouting recession, they are technically in one, in fact the whole Eurozone is. www.cnbc.com
Indicators are neutral but chart pattern looks bullish. Looks to me like they want to hit a new ATH again while in a confirmed recession. This market doesn't make much sense but Europe is full out ridiculous.
DAX is trading around the 4H MA50 and 4H MA200 with technicals naturally neutral (RSI = 52.802, MACD = 10.300, ADX = 21.396) as on any consolidation. The pattern that was completed (inside the long term Channel Up) is an Inverse Head and Shoulders. Technically such formations target the 2.0 Fibonacci. Our plan is to traget the R1 initially (TP1 = 16,335) and then...
3 hr indicators show nothing, but MFI is about to hit oversold on the daily. Probably next week. Probably gonna set a new ATH while in a recession. Crazy.
DAX had an excellent run since our buy signal (see chart below) more than two months ago (March 21) but after it broke above the former All Time High (ATH) on May 19, it has formed a top and is pulling back: As long as the price is closing the 1D candle above the 1D MA50 (blue trend-line), it will be a buy opportunity targeting the top of the (dotted) Channel...
FDAX still isn;t oversold. I think I'm gonna wait to go long.
DAX has turned neutral after the 16340 top and the subsequent test of the MA50 (1d). As long as those two levels hold, it will remain sideways with no action to take. The long term pattern is a double Channel Up. Trading Plan: 1. Buy if the price closes over Resistance (1). 2. Sell if the price closes under the MA50 (1d). Targets: 1. 16750 (top of Channel...
Trying to figure out who's still buying into this BS rally, it looks like it might be the Euros, FDAX MFI needs to hit overbought. So possibly another gap up tomorrow even if the market goes down today. Snagged a few BUD puts this morning, just holding that. Got whipsawed out of my XLF puts but I might get another chance at it tomorrow, lol. Note: I don;t...
Today's morning pump was brought to you by the Euros because their market was oversold. PCE numbers came in high but the algos don't care.... I don't expect FDAX to bounce up to the top, GERMANY IS IN AN OFFICIAL RECESSION! I predicted it all year, and it happened yet somehow their market is at ATH which is crazy AF. One of the most absurd things I've ever...
Please, check our technical outlook for FDAX1!. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 15846. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 16115 level. P.S Please, note that an...
gap comes from cash DAX INDEX ALERT= Trade DAX,index need minimum 5 year demo practice if you dont have experience, stay away from index
DAX had an excellent run since our buy signal two months ago (March 21) but has since formed a top and is pulling back (see chart below): The price is below the 4H MA50 (blue trend-line) and today is testing the 1D MA50 (red trend-line) for the first time since March 29. The 1D RSI is still neutral around the 50.00 mark, meaning that there is still more room...
Oversold on both RSI and MFI, dropped the whole BS pump. I think this drop is more about FDAX hitting ATH than it is about debt ceiling, why else would Europe be tanking?