Do you recognize a pattern??? I am wondering what the market is going to do tomorrow morning.....
we have 2 open gap on CASH PHISICAL DAX INDEX must fill soon or late if you have old sell you must close all near 14700 area and pick buy and hold 1 month to high FOR NOW = put sellstop in low and pick buy above green arrow ,,,dont close buy soon,,try hold them to 15800 ALERT= AS I SAY BEFORE : WEEKLY CHART TECHNICAL SHOW 19000 AS DAX TARGET ,,,,IT CAN...
The correlation between DAX and BUND suggests that, if we really have an H&S going on with BUND, then DAX is lagging and it should start to come down soon which is in line with our wave count.
By comparing the charts of US indexes vs European indexes we usuallly find pretty much the same patterns. However there is something that really caught my attention, compare the monthly chart of sp500 vs Dax: DAX is only 6,54% from all time highs of 2022 SP500 is 15,40% from its all time highs of 2022. NASDAQ is 28,45% from it's all time highs of 2022 This...
Indicators neutral but trending up. Not really sure about gap direction for tomorrow, but US market appears to be melting up
In this update we review the recent price action in the German DAX futures contract and identify the next high proabbility trading opportunity and price objectives to target
ES1! RSI bounced off the oversold condition, but FDAX is not oversold yet. Good chance that it goes down to the old support line before bouncing. Good chance that tomorrow winds up being a whipsaw day if it plays out like the way I expect it to.
for sell we are waiting pinbar on daily or 4h chart AC indicator on 4hour going to signal sell ( if high not break in 14750 I will buy and hold it 30 day to 15800-16000 good luck ALERT=trade Dax and other index need minimum 5 year practice on demo
Title: DAX Futures ( FDAX1! ), Daily Potential for Bullish continuation Type: Bullish continuation Resistance: 16274 Pivot: 13943 Support: 11829 Preferred case: Looking at the Daily chart, my overall bias for FDAX1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price...
The German stock index (DAX) is showing signs of exhaustion of the 2023 rally, following our strong buy signal last week. The 4H RSI hit and got rejected on the 84.600 Resistance level, which is where a Channel Up started on November 11 2022. The Channel Up made one last High before it broke below the 4H MA50 (blue trend-line) and started a correction (short-term)...
Overbought on RSI with MFI divergence. Also overbought on daily for both. US market appears to be in a melt up but this scares me. Europe dictates gap direction, might be wise to day trade and buy the morning dips. Not really sure. Hard for me to hold anything overnight when FDAX is overbought
i close my buys now and looking for sell now ALERT = daily chart TECHNICAL SAY DAX CAN GO TO 19000 IN 2023 SO BE CAREFUL FROM SELL above green arrow after pinbar apear on 1h or 4h or daily chart we must buy and hold it 10-20 day if you have old sell against my analyse and advice you must hedge them near 148000 good luck ON DAX AC INDICATOR ...
I posted a daily chart earlier, but someone wanted to see a 3hr so here we are. Overbought on 3 hr with MFI divergence. Testing a major resistance just like everything else. It really looks like tomorrow is the make or break day for everything, lol. FYI, I never trade DAX, just use it for gap direction for the US market. It will NOT matter tomorrow though...
EU and US futures are consolidating the gains of the beginning of the month. The exuberance was mainly extinguished by the interventions of two members of the Federal Reserve board. Mary Day of the San Francisco Fed and Raphael Bostic of the Atlanta Fed reiterated that the campaign against inflation is proceeding without hesitation, and the minimum target is a...
FDAX daily RSI overbought, 3 hr way overbought Testing resistance line as is ES1! (see daily plot). We'll see if it breaks through or tanks tomorrow.
RSI overbought with MFI divergence on the 3 hr chart. Note that it's also close to the resistance zone. Guessing they do a pump and dump tomorrow, not sure which way the US market gaps.
Overbought again but starting to look like a melt up Maybe they're happy they aren't freezing to death this winter, lol. Or maybe they like recessions. Europe has less of a reason to rally than the US, so it's all pretty funny. With the central banks killing the commodity trade, I guess they have nowhere else to throw their money. This just goes to show...
Reaction to Fed minutes starting to look bearish, FDAX is overbought so possible gap down tomorrow.