FDAX UpdateMFI and RSI both oversold, but it looks like the Euros finally realized they're in a recession, lol.
Expecting a bounce tomorrow though because it;s Friday and also because it;s oversold.
DAX1! trade ideas
FDAX UpdateRSI is touching overbought with MFI divergence
Not planning on holding anything this weekend. Will go all cash
#DAX #DE40 The Set Up For A Test Of Monthly Projected Range SupIn 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
*Past performance not indicative of future results
FDAX UpdateFDAX hit oversold earlier this morning and bounced in case you're wondering why the market is green. Euros pumping again, lol.
DAX technical say = pick buy above green arrow personally I belive Dax going to 19000 area(filo 161% weekly show 19000) , so be careful from any sell
above 3 green arrow , when on 15-60-240-daily you see buypinbar, dont fear buy with SL in pinbar low, understand?
wish you win
FDAX UpdateIndicators are neutral, no idea which way the market gaps tomorrow.
I'm just gonna stay out for a day.
FDAX UpdateOverbought on RSI with MFI divergence. Bearish for Monday, and China looks like it reversed as well.
FDAX UpdateHit overbought on RSI and MFI. There's always a chance it breaks out to a new ATH like last time (see highlighted area), but this could be a double top.
I mean it all makes sense for Germany to break out while it's in an official recession, right? LOL, crazy market.
FDAX UpdateRSI overbought, MFI is ot there yet. Looks to me like it wants to double top because recession is apparently good for German economy.
I have no idea why the European market is so disconnected with reality. Anyways, I'm not just spouting recession, they are technically in one, in fact the whole Eurozone is.
www.cnbc.com
FDAX UpdateIndicators are neutral but chart pattern looks bullish. Looks to me like they want to hit a new ATH again while in a confirmed recession.
This market doesn't make much sense but Europe is full out ridiculous.
Cyclical DAXWeek open:
Short till 6.13. 2AM
Long 6.13. 2AM till 6.14 8:00 PM
Short 6.14 8:00 PM till 6.16 3:00 PM
No stoploss, just time based trades
Dax ForecatDax forecast. Time based, no price levels.
30min bar data FDAX
Spectrum patterns 205bars move
FDAX Update3 hr indicators show nothing, but MFI is about to hit oversold on the daily. Probably next week.
Probably gonna set a new ATH while in a recession. Crazy.
FDAX UpdateTrying to figure out who's still buying into this BS rally, it looks like it might be the Euros, FDAX MFI needs to hit overbought. So possibly another gap up tomorrow even if the market goes down today.
Snagged a few BUD puts this morning, just holding that. Got whipsawed out of my XLF puts but I might get another chance at it tomorrow, lol.
Note: I don;t trade the DAX, I use it as an indicator for US market gap direction
FDAX UpdateToday's morning pump was brought to you by the Euros because their market was oversold. PCE numbers came in high but the algos don't care....
I don't expect FDAX to bounce up to the top, GERMANY IS IN AN OFFICIAL RECESSION! I predicted it all year, and it happened yet somehow their market is at ATH which is crazy AF. One of the most absurd things I've ever seen on the stock market.
I'm expecting a gap up Tuesday for a pump and dump but there is absolutely no guarantee, FDAX really needs to head down further
Anyways, recession:
www.cnn.com
FDAX1! Will Go Up From Support! Buy!
Please, check our technical outlook for FDAX1!.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 15846.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 16115 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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DAX 4hour= good time for buy gap comes from cash DAX INDEX
ALERT= Trade DAX,index need minimum 5 year demo practice if you dont have experience, stay away from index
FDAX UpdateOversold on both RSI and MFI, dropped the whole BS pump.
I think this drop is more about FDAX hitting ATH than it is about debt ceiling, why else would Europe be tanking?
DAX H4 AS 16100 Target A Test Of 16700In this update we review the recent price action in the #Dax futures contract and identify the next high probability trading opportunities and price objectives to target
