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
Hello traders and investors! Stocks are still down and we see German DAX trapped in a higher degree wave (B) triangle consolidation which can be already completed or still in progress, so be aware of a continuation lower within wave (C) soon. From technical point of view, wave (C) can extend its decline even down to 11k, maybe even 10k area, so watch out for...
mr Powel instead increase rate little by litle ...he increase rate and give market bad shock Trump was better than these stupid mans if dax can break upper trendline can flyup to 13000 even 14000 area if it break low can crash to 12200 area = fibo161% in angel strategy put buystop sellstop is best action keep watching AC 4hour on dax
Strong Sell 🐻🐻 For #DAX Sell at 12605 SL : 12669 TP : 12468
The DAX futures index (FDAX1!) followed exactly what we pointed out on our last analysis more than a month ago, as it got rejected on the All Time High Lower Highs trend-line (1) and is now approaching the Support Zone that started after the March 07 Low: As you see, that Support Zone has so far made a Double Bottom (March 07 and July 05) and along with the...