DE40 we got a small rally after 18 close, candle 72/73 was a classic reversal long signal on DAX - hence my suspicion of an incoming rally but it wasn't realistic to expect a big one on a US holiday. after market ranges >20-30 5 minute bars you expect that range to act as a magnet. market did get a bear close below that range, so there's a high probability of a gap down open. I didnt take that short, mainly because if it goes wrong for any reason my whole mental will be screwed from the start of the week, i prefer overnight positions if at allGermany 40 CFD forum
DE40 we got a small rally after 18 close, candle 72/73 was a classic reversal long signal on DAX - hence my suspicion of an incoming rally but it wasn't realistic to expect a big one on a US holiday. after market ranges >20-30 5 minute bars you expect that range to act as a magnet. market did get a bear close below that range, so there's a high probability of a gap down open. I didnt take that short, mainly because if it goes wrong for any reason my whole mental will be screwed from the start of the week, i prefer overnight positions if at all
GER40 My Plan for the next week:Go short until 23.500 is reached. Maybe look for a retracement to 23.650/23.700 and then shorting again to 23.200.
GER40 Told yall it was bearishDE40 a sneaky suspicion of a big rally coming, need to close above 18 though, bear close below this range though and it prob goes all the way back downGER40 crystal clear bearish day again
DE40 They really made that fake bull breakout with that obvious rising wedge. Let's return to tank this! Hope some of you added shorts at about 800. Time to go below 700 until closing market closing to sell off equities ahead of the weekend.DE40 see that, sellers above 18 high, thats a scalp for me until proven otherwise ie follow up bear bars, im already out of itDE40 dont close bears below prior 30 min low (on a 5 min tf) and ill believe this is the bottom for today, 700 was defo a major tp for shorts from the morning. so long as bar 15 isnt broke with bulls + follow through i dont see at as a change in direction. bar 18 being reclaimed (full body open and close can be an early sign of bulls)
GER40 i feel like this is a bear trap
DE40 is the trendline brealk confirmed?