DAX WEEKEND ANALYSIS - SWING
Updated
As we can see in the chart the 50 EMA Is Lower Then the 200 EMA
Which means any new position must be taken short But given the recent intraday spike we see a potential crossing of the 50 EMA whit the 200 EMA which would mean we enter a long swing buying phase.
Looking closer towards the 5 EMA and 10 EMA We took a long speculative position the current uptrend is long.
Stoch RSI indicated a crossing on monday: this is when we enter a speculative long position with tight stop on monday. @ 9740 +/- to counter the sidewaymovement.
Stoch RSI Is indicating overbought signs, RSI Isn't.
This means we enterd a hard resistance zone.
Potential upswing possible up until 10460.
Profit entered the 5% Range
Advise for short term swing longs: HOLD
Which means any new position must be taken short But given the recent intraday spike we see a potential crossing of the 50 EMA whit the 200 EMA which would mean we enter a long swing buying phase.
Looking closer towards the 5 EMA and 10 EMA We took a long speculative position the current uptrend is long.
Stoch RSI indicated a crossing on monday: this is when we enter a speculative long position with tight stop on monday. @ 9740 +/- to counter the sidewaymovement.
Stoch RSI Is indicating overbought signs, RSI Isn't.
This means we enterd a hard resistance zone.
Potential upswing possible up until 10460.
Profit entered the 5% Range
Advise for short term swing longs: HOLD
Trade closed manually
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