FDAX UpdateRSI is close to oversold but MFI isn't on the 3hr chart.
I expanded the chart to show the spring TACO gap. I think FDAX is headed for it, so be careful about holding long positions overnight.
Also, it means cryptos are dead.
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DAX has toppedA classic H&S top has been completed. YUK. These H&S patterns can lead to large declines. Only a close above today6's high would negate
#202546 - priceactiontds - weekly update - dax futures Good Evening and I hope you are well.
comment: We are almost exactly where we were 1 week ago and unless we stay below 24000 on Monday, there is a decent chance we will see a very similar week with support around 23600 and resistance around 24560. Clear triangle with mid-point around 24000. As of n
FDAX Daily ChartI keep mentioning FDAX, this is why. It's about to lose the rangebound channel it's been in for months. If it breaks, I assume daily indicators will go oversold before we see a bounce. (Note: This IS a daily chart, not 3 hr)
3 hr indicators don't work too well if FDAX goes into a free fall. Jus
FDAX UpdateRSI went oversold but MFI hasn't. That bottom line is the rangebound channel FDAX has been in since June, if it breaks, market is in trouble.
I'm guessing that it will break and that cryptos are a leading indicator.
#202547 - priceactiontds - weekly update - dax futures Good Evening and I hope you are well.
comment: Neutral. I’d rather look for longs but it’s not impossible that we do another leg down. We have 2 potential lower bear trend lines that should continue to be support because I don’t think this can accelerate down as of now. Much more likely is a bounce
FDAX UpdateWell, there we go....
FDAX filled the Sunday gap, hit oversold, and took the US indices and cryptos with it.
Should bounce here, not sure how much.
FDAX UpdateFDAX hasn't filled the Sunday gap or gone oversold, but it can bounce anyways. Not really sure what the Euros will do tomorrow morning.
Maybe we gap down so the algos can buy futures for a lower price. FUtures are green AH but not by much,
FDAX UpdateOverbought on MFI and RSI, I think we see a dip Thu.
Also, BTC is no longer tracking the DAX, which is bearish for cryptos.
FDAX UpdateIndicators are neutral, sitting right at the downtrend line much like US market
We'll see which way it goes Monday, then I'm winging it, lol.
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