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...
DAX is on a very strong rebound after holding the 1D MA50 (blue trend-line) as Support, having closed all 1D candles above it since December 20. As mentioned on previous analyses, the target is the 14680 - 14950 Resistance Zone. We are looking to take profits on the first sign of rejection within that zone.
Beyond that, we will buy either after a 14950 bullish...
The German stock index (DAX) has had a strongly bearish week as it got rejected just below the 14700 June 06 High, inside the greater Resistance Zone that is holding since March 29. As we mentioned last week, this is a much needed technical pull-back following the +24.50% rise since the October 03 Low. The 1D RSI got vastly overbought above 80.000 and it is only...
The Dax Future is approaching a strong resistance area, which starts around 14600. Additionally, the spread between the next Future ahead and the overnext Future ahead ist strongly bearish. A reversal is expected. Additionally, the RSI is overbought.
A target price would be 14000.
The resistance area is passed above 14700 points and then a situation gets...
The price failed to break above the 4H MA50 (red) and dropped more to a new Low. This is getting closer to our 14,150 short-term target just above the 14,130 Support (formed from the low of November 15th). 4H is now close to oversold territory (RSI = 34.750, MACD = -47.400, ADX = 59.234) so we might see a short term rebound back to the 4H MA50 (14,446.70 and...
In this update we review the recent price action in the Dax futures contract and identify the next high probability trading pattern and price objectives tot argte
DAX continues to slowly but steadily grind higher using the 4H MA50 (14,451) as Pivot. With such neutral 4H technicals (RSI = 50.442, MACD = 15.00, ADX = 16.012), we will engage today in scalping activity within the 4H Bollinger Bands (14,590 - 14,389). A break above 14,650 would be a break-out bullish call targeting 14,710 (June 6th 2022 High) Resistance, while a...
FDAX isn;t overbought yet, so good chance the market gaps up tomorrow and teh algos do a pump and small dump. I think ES and NQ fill teh gap above, and FDAX hits the orange line above before the end of the year, possibly even sooner.
DAX has at the moment two possible scenarios.
If we look fundamentally, inflation might peaked, but recession probabilities around the world are still rising.
So for me the most likely scenario to happen is the bearish one.
Use a solid money management and risk precautions before you enter the market.
The German Index (DAX) hit last week its 1W MA100 (green trend-line) and early this week, the 1W candle is pulling-back in red. If it closes this way, it will be the first week of loss (red) since late September, running an amazing streak of 8 straight green ones.
With the 1W RSI almost reaching 65.000 for the first time since November 15 2021 (a whole year ago),...
we have 3 gap on phisical cash DAX INDEX ,personaly i think red scenario will happend THEN as i predict in low, before dax will see 14800-15000 area
AC indicator show new +up trend will start if if if last low 14500 not break ,,,,if 14500 break signal will switch to sell
ALERT: END OF YEAR +RALLY CAN START
good luck
In this update we review the recent price action in the Dax futures contract and identify the next high probability trading patterns and price objectives to target
