The index is pulling back making use of the negative global trade fundamentals, but purely on a technical perspective this selling is a natural retrace of the 1W Channel Up (RSI = 56.647, MACD = 122.700, Highs/Lows = 191.3357) towards a new Higher Low. We have calculated this to be at 11,865 on a Support level that extends as back as September 2018.
** If you...
The US/China trade debate has calmed for the time being. The US may scale back Huawei curbs, delayed the decision on foreign auto tariffs and exempted Canada and Mexico from steel/aluminum tariffs.
For the moment, Dax is our favoured index. It is pushing higher with momentum and we favour continuation breakouts.
Yesterday we wrote about the high probability of breaking the low of the previous day at 12 047. That is exactly what happened and overall, our analysis was very successful. Without the Statistical Application, we wouldn’t have such data.
Important zones
Resistance: 12 142
Support: 11 958, 11 11 922
Statistics for today
Probability of closing the gap:...
Even though buyers pushed the price above our resistance, the zone around 12146 was still a significant region where we saw a fight between buyers and sellers. This fight was won by sellers who stopped prices reaching higher levels.
Important zones
Resistance: 12 146
Support: 12 034, 11 958
Statistics for today
Probability of closing inside yesterday’s range:...
Yesterday’s session ended more or less according to our expectations. We opened with a rising gap, which had a low probability of being closed. The Gap was not closed and so, our target was at 12146. The market reached this level and price stayed in this region for the rest of the day. It is clear that this region acted as a resistance.
Important...
After closing the gap yesterday, we saw yet another strong selling. Bears dominated till the session end and bulls had no chance whatsoever. The session closed at 12 034 which is now an interesting support level.
Important zones
Resistance: 12 146
Support: 12 034, 11 958
Statistics for today
Detailed statistics in the Statistical Application
Very low...
Friday’s session hasn’t really seen much success from the statistical point of view. There were increased probabilities for breaking of Thursday’s high and two support levels nearby to add to the hypothesis. Dax turned downhill on a very lazy pace, buyers reacted with a very slight correction at the first mentioned support level and the second support level hasn’t...
Yesterday’s session turned out to be yet another success in a long row. The hypothesis suggested the breakout of Wednesday’s high and Dax was pierced that level with strong momentum, not even reacting by any bounce at the resistance level of 12 190. We haven’t even found sellers at the first resistance level laying at 12 097. Today we open with a descending...
Yesterday’s session corresponded with our analysis. After the open, Dax began to descend towards the support at 12 946 where we haven’t encountered any buyers and the price continued lower. Later in the NY session, Dax unexpectedly jumped up and today we open with a descending gap.
Important zones
Resistance: 12 097, 12 190
Support: 11 917
Statistics for...
For a change, yesterday’s session was in the hands of buyers. We first found some sellers at the resistance zone of 11 956 and they pushed the Dax some 50 points lower before buyers stepped in. Dax is opening with an ascending gap today.
Important zones
Resistance: 12 139
Support: 11 946
Statistics for today
Detailed statistics in the Statistical Application...
For a change, yesterday’s session was in the hands of buyers. We first found some sellers at the resistance zone of 11 956 and they pushed the Dax some 50 points lower before buyers stepped in. Dax is opening with an ascending gap today.
Important zones
Resistance: 12 139
Support: 11 946
Statistics for today
Detailed statistics in the Statistical...
Trump´s tweet politics is kind a obvious -> if he wants retail to panic and start to selling, he tweets about some problems with China trade deal, so he can start BUYING retail money. American stocks are of course highly correlated with other stocks and German stocks are in the nice uptrend and DAX is above big support + above trendline and we could reach 12800 in...
Welcome to a new trading week. After the initial chop on Friday, the price descended towards the support level at 12036, which was well respected on the first attempt. During the second retest, the level was slightly broken. Following was the entry of buyers who took the price all the way to retest the resistance of 12 194 where Dax closed the week. Over the...
Range:12285 -12380
Support 12285
Resistance 12380
Trade Opportunity
1. Short Trade for sell on resistance on smaller time frame
2. Big break of 12380, wait for retrace
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