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.
The German stock index (DAX) has been trading within a Channel Up (Higher Highs/ Higher Lows) since the September 29 bottom. Following the contact with the 4H MA50 (blue trend-line) on Wednesday's Fed Rate Announcement, the price has been rebounding strongly, aiming at the 1D MA200 (red trend-line).
Having already broken above the January 05 Lower Highs...
The DAX is set to open lower, but there are two potential scenarios to monitor; a bullish breakout from a bull flag – or the swing high has already been seen around trend resistance.
The DAX has rallied from the September low in three waves, which could either be part of a new bullish trend or part of a 3-wave retracement. If we look at price action alone, the...
in coming hour dax little must go down but trend will remain up
in my idea when pinbar come pick buy and hold it 7-8 day to minimum EMA200 daily 13500
only under red allow we must pick sell after pinbar comes on 1hour or 4hour or daily chart
good luck
China ate shit but the European algos still trying to pump. Hilarious ensues.
Pretty much every company that does business is tanking on TSLA cutting prices in China.
Even if the Euros pump again tomorrow morning, I see them dumping right after,
OK, I figured out why the market is pumping. FDAX MFI went oversold this morning, so the algos are indeed planning another pump and dump with the expectation that Europe will go up Monday.
I think it's being helped along by the fact that today is options expiration.
In this update we review the recent price action in the DAX futures contract and identify the next high probability trading opportunity and price objective to target
DAX (FDAX1!) hit today the 4H MA200 (orange trend-line) for the first time since September 14. This is still technically a short-term bullish reaction (Channel Up) within two longer term bearish structures (Bearish Megaphone with the dashed lines and Falling Wedge o a broader frame). With the 4H RSI approaching its Resistance Zone, it is not unlikely to see a...
FDAX shows no indication for gap direction Monday.
Sentiment is obviously bearish, if they gap it up I think the gap fills quickly. the only reason to gap it up would be so the algos can sell at a higher price, this was obviously a pump and dump.
