Meanwhile in Europe...FDAX is just drifting sideways, now sure if it's topped out in the channel or if it's making a bull flag.
Keep an eye on it, because if Europe breaks out, they'll be pumping futures every morning.
Related futures
ANotehr melt up, really?Europe has been pumping the market the last few days, if FDAX breaks out, we're probably looking at a melt up until end of Jan Fed meeting.
Unbelievable....
Don't recommend shorting anything unless it's a day trade. Also, expect a big pop in US markets when the budget deal gets done.
I'm not ver
#202539 - priceactiontds - weekly update - fdax
Good evening and I hope you are well.
comment: Neutral. Got a minor pullback last week so outlook was fine but I can not hold on to bearish thoughts, given the tails below the prior 2 weekly bars. Easy invalidation here for both sides. Bulls need something above 24060 for more upside and bears a s
SHORT the DAX london openEurope Open
I expect to see SHORT. Hopefully price stays here.
There will be a liq. grab and smashing down to dotted line at a minimum.
Of course find the liq. grab on the 1m and get involved. ALWAYS follow risk behind full auctions to the macro target.
DAX - Europe/London/USA possible LONGLooks like price heading into POC of distribution (brick wall)
Ahead we have a bit of weak liquidity / trapped liquidity into Ceiling. That marries up with 150-200projection of testing swing into POC.
Look for demand from poc AFTER london open to get long.
Watch for supply against you of course to
DAX, FTSE Update: Bears Regain ControlMomentum has finally come my way, which has seen bears reclaim control of the DAX and FTSE 100. And I suspect they'll retain control for a while longer. Today I update my levels and outlook for both markets.
Matt Simpson, Market Analyst at City Index and Forex.com (part of StoneX).
DAX, FTSE 100 Futures OutlookI've been monitoring the FTSE and DAX for potential swing highs in recent days. And I suspect they may be close, if not seen, already.
Matt Simpson, Market Analyst at City Index and Forex.com (StoneX)
#202535 - priceactiontds - weekly update - dax futuresGood Day and I hope you are well.
comment: Neutral. We can drop a little more until we hit the bull trend line and weekly 20ema around 23800 but we don’t have to. I don’t think you can short down here and hope for more downside after last week. Market is barely moving and on the monthly chart we ha
a return to solid structure in an uptrend creates a =BUYers wrld1->3 : we create higher highs ,
number 2 originating buyers create number 3 surpassing number 1 , this makes number 2 buyers a solid major low, as they have proven themselves stronger than the most recent major sellers
3->4 : we return to the major solid buyers in the market
what do I think will
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