Daxshort
Weekly Dax analysis for 13.02-17.02Next week we can go upto 11840 and max down to 11480.
If Dax goes under 11640 till Friday we can see 11575 - 11500 - 11480 - 11400 and max 11200.
I will buy from 11690 - 11700 - 11720 - 11760 with TP 11805.
I will sell from 11805 - 11760 - 11735 - 11690 - 11640 - 11580 - 11540 - 11480 with TP 11408.
DAX 60min BULL dvg all indicators, shortterm couple of days?BULL dvg in MOM , RSI & MACD in 60min chart, often be a bullish sign.
BUT it's obviose a HS topformation, so here we have to be careful,
and watch careful for bearish sign's again, and if it turn down again....
This could also be used for a new better short-position again,
if that should appear :)
If it stay's over 650-700, that could also be even a stronger BULL-case.
DAX SHORT: Fundamental and TechnicalFundamentally: the Eurozone is politically unstable. Debt is rising. The Euro may bottom soon if Draghi tapers QE. Rising US interest rates will put downward pressure on global equity markets.
Technically: there are multiple divergences on the 4H chart towards 11600.
Target: 11000, 10500, 10000
DAX , HIDDEN BEARISH DIVERGENCE >> develope to the downside ?Not sure , but if it holds on here 10648 , I can notice we have a clear HIDDEN bearish divergence, that could come in play now >>> to the downside. Put a SL above that level, for a start.... and move the SL down, when posible. Not an easy task , so let's see if it could be any good....
That 4h-candle was not finnished, for another 2 hours.... but I did choose to make the chart now.....