DAX is trading inside a Rising Wedge on the 1H time-frame with the price making a Higher High by breaking above yesterday's High/ Resistance on healthy 4H technicals (RSI = 56.980, MACD = 66.900, ADX = 28.300). Despite the overbought 1D RSI, as long as this Rising Wedge is maintained, DAX should target the 14,710 Resistance (June 6th High). If the 1H MA50 (blue)...
Not sure what the Euros are doing, lol. Indicators show nothing on the 3 hr, but daily is overbought on RSI while MFI is trending down.
No idea which way the market gaps tomorrow. Gap down and reversal tomorrow would make for an easy trade, but there haven't been many easy trades lately, lol. Lucky to get one easy trading day a week.
for buy wait for 14270 area and buy on gap and hold it 3-4 day
if you have old sell, you must close all or hedge them in gap
upper target is 14555 then 14800
keep monitor AC indicator on 4hourchart, it is full green now ,if high not break it has sell signal
strongly advice 90% looking for buy in deep above 14000
good luck
RSI almost overbought with MFI divergence. Could go overbought and roll over Sunday night, or another possibility is a gap up Monday and dump.
We'll see Monday. holding a position over the weekend isn;t worth the heartburn.
FDAX only did a small dip this morning, indicators are neutral but chart pattern looks like a bull flag.
Guessing a gap up tomorrow, and Fridays are usually bullish when the market is trending up because it's Ponzi 401k payday.
Very interesting fractal repetition for DAX so far. As the price is approaching the 1W MA100 (green) a typical Support in Bull Markets and Resistance in Bear Markets, we have spotted striking similarities with the 2018/2019 correction. There is a flat Resistance just above the 1W MA100, which in April 2019, as the index recovered from that multi month correction,...
Way overbought with MFI divergence now.
US market ignoring the news about Russian missiles hitting Poland, we'll se if the Germans ignore it in their own back yard.
FOR ALL INDEX FROM DOW TO NASDAQ : we strongly advice 90 percent looking for buy and be careful from sell
dax 1st target is fibo61% 14500 and if break it and high can start wild trend to new high 19000 in 2023
keep monitor AC indicator on dax 4hour chart ok?
if you have old sells you must close all above 13950 support
note: COT data in chart below...
as i predict in low, dax flyup and can go upper now...if you have sell you must put SL on new high
above green arrow after pinbar we must buy and hold to high
good luck
alert: trade dax, other index need minimum 5 year trade on demo ,,, if you dont have 5 year practice on demo dont trade them
Not only overbought on the 3 hr chart, but way overbought on daily.
US market appears to be starting a 4 day short squeeze so not gonna short anything yet,.
It's not a struggle for the German index! The DAX index used all its willpower to find its way up and pushed all the way to climb above the resistance at 13 970 points. We're currently observing an upwards slope that should steadily move into the pink zone between 14 346 - 14 687 points. As soon as the blue wave completes its movement, the trend should turn into...
The price made a significant move, breaking out of the channel of lower highs it was forming during the year. Probably will see a retest, before climbing higher. Next resistance between 14000 - 14700.
European markets already capitulated, although the S&P 500 hasn't yet.
The European Economy's future doesn't look bright.
Nevertheless, I think that the market...
Double tapped into overbought territory, I doubt their market can melt up.
Possible gap down for US tomorrow, then the media will blame it on GOP winning elections, lol.
dax find a shape can start +up trend ...strangly advice above 13000 dont pick sell ... .90% looking for buy
in 2023 we can see dax in 19000 (fibo 161%)
secret : when dax go above EMA200 daily (big orange line), this mean +up trend start and pick sell is stupid
good luck
FDAX RSI almost overbought. Could see a reversal as soon as Monday.
So gap direction for Monday is a big question mark. If the market goes up Monday I might short something.
