Looks bullish, but I'd rather short when it gets overbought. Not chasing this technical bounce. We're headed into a recession, inflation still high, the Fed has to raise rates again in Nov.
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
MFI bounced off of oversold but could drop back down. Note that it lost support again. Tomorrow could go either way, but I'm not feeling very bullish.
The German stock index (DAX) broke below its 4H MA50 (blue trend-line) on Friday after failed to break and being rejected on the 4H MA100 (green trend-line) earlier this week. This keeps the price inside both the short-term Bearish Megaphone pattern and the longer term Falling Wedge pattern. That break is a major sell break-out signal and targets directly the...
Double tapped overbought on MFI and headed down. Europe is headed into a recession, it was just a technical bounce.
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 tot arget
in my idea and technical analyse : dax frist going to fibo 61% 12900 then going to EMA200 dailky then fibo 161 nera 14600(can take month) advice : 90% looking for buy and be careful from sell put SL (only under red arrow pick sell after sell pinbar apear)...dax easily can move 2000 point in up side move keep monitor AC indicator on 4hour chart
RSI and MFI just under the oversold marker, there's a chance it could go overbought and roll over before US markets open tomorrow.
DAX Future - 05.10.2022 - Long Szenario / Short-Term ( 3-10 Trading Days)
We don’t know what has startled DAX so much that it has jumped upwards and has come quite close to the mark at 12425 points again – maybe, someone tested its startle reflexes… However, the index is already back on track and should continue to move downwards into the pink zone between 11421 and 11060 points to finish wave III in pink, which it could also do in the...
MFI and RSI dropping, looks like it'll hit my orange support line either tomorrow or Monday Europe is going into a recession, even if they have enough natural gas to get through the winter, they have issues stocking up next year. No more Russian gas flowing at all, they blew up the pipelines.
WE ARE NEAR LOW if dax can break trendline must touch 12700 if break low we must buy near 11400 and hold it 30-40 day to new high good luck
3 hr indicators are neutral, seemed bullish this morning but there's a chance that it back tests support and drops down again. Remember, old support is new resistance. The Euros know they are headed into a recession. US market seems bullish on this technical bounce, but gap direction tomorrow is a crap shoot. No position, just watching the market and looking...
It has clearly broken support, daily almost oversold, but I think it goes lower
In thsi 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
FDAX RSI touching oversold, guessing the tank is over for the day but it lost support so the bigger picture is very negative
Lost support and the bigger picture implies a bottom close to teh COVID bottom,
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