FDAX UpdateTouching the blue trendline
Don;t know if it breaks through or gets rejected, but I think the gap direction depends more on META (FB) earnings
DAX1! trade ideas
FDAX UpdateMFI dropped quite a bit, looks like it wants to go for the gap fill soon.
I moved the overlay, this is the bull case if the Fed pumps the market and META and AAPL beat on earnings.
DAX Pitchfork PlayIn this update we review the recent price action in the DAX futures contract and identify the next high probability trading opportunity and price objectives to target
FDAX Bull ScenarioQuite frankly I'm bearish on Europe fundamentals but the market has sown strength even while US tech stocks tank. We haven;t seen a huge gap down because Europe wants to go up.
Anyways, plotted the bull scenario. The bear scenario is obviously a tank, lol. For whatever reason, having no natural gas is bullish for them? LOL.
FDAX UpdateRolled over and down 1% but US futures are flat
Don;t expect a gap up tomorrow either with the ECB meeting coming up
FDAX UpdateProbably should've looked at this before close, MFI and RSI overbought and ECB meeting is Thu.
Definitely not holding any long positions tomorrow night, might even hold some calls Wed night for the dip on Thu
DAX Playing For A Gap FillIn this update we review the recent price action in the German DAX futures contract and identify the next high probability trading opportunity and price objectives tot arget
FDAX UpdateFDAX did not go overbought but it did get rejected by my trendline. Looks bearish, but you never know, lol.
Potential for Bearish ContinuationPreferred Case: On the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the 78.6% fibonacci projection to the 1st resistance at 13373 at the overlap resistance in line with the 61.8% fibonacci projection and 23.6% fibonacci retracement.
Alternative scenario: Alternatively, price may reverse off the pivot and drop to the 1st support at the swing low at 12383 in line with the 61.8% fibonacci projection.
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FDAX Update againLooks like it bounced off my blue line. I think a gap up is more probable for tomorrow then down.
I love my "random" lines.
FDAX UpdateHit my bottom channel line, indicators are not quite oversold, but I think it hits it and reverses either tomorrow morning or Monday.
Gap direction can go either way but bullish for next week.
FDAX FUturesLooks to me like it wants to go oversold before the bounce. Which means it'll bounce right during earnings season next week. Expect a whipsaw week I guess.
Potential for Bullish BounceOn the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the 78.6% fibonacci projection to the 1st resistance at 13373 at the overlap resistance in line with the 61.8% fibonacci projection and 23.6% fibonacci retracement . Alternatively, price may reverse off the pivot and drop to the 1st support at the swing low at 12383.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
DAX ABC Pattern playIn this update we review the recent price action in the DAX futures contract and identify the next high probability trading pattern and price objectives to target
FDAX UpdateMFI is overbought
Also CPI numbers premarket Wed morning
Not carrying anything besides a few BITO puts over the weekend.
DAX Potential Bullish ContinuationOn the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the 78.6% fibonacci projection to the 1st resistance at 13373 at the overlap resistance in line with the 61.8% fibonacci projection and 23.6% fibonacci retracement . Alternatively, price may reverse off the pivot and drop to the 1st support at the swing low at 12383.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Potential Bullish ContinuationOn the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the 78.6% fibonacci projection to the 1st resistance at 13373 at the overlap resistance in line with the 61.8% fibonacci projection and 23.6% fibonacci retracement. Alternatively, price may reverse off the pivot and drop to the 1st support at the swing low at 12383.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
FDAX UpdateRSI oversold but MFI is not there yet. Possibility of another overshoot tomorrow.
No gonna chase i, might just stay cash overnight
FDAX UpdateRSI oversold and it hit the bottom channel line.
Overshoot is a possibility, but I would be more inclined to expect a gap up tomorrow. Usually when the market tanks all week Friday winds up being a green day because of short covering
