Dax shortif the support (in blue) does not hold, we should see price quickly towards next yellow support....
FDXM1! trade ideas
FDAX UpdateLooks like it hits overbought on RSI and MFI tomorrow.
Just warning you guys because it could roll over tomorrow morning before the US market opens.
DAX will make a push upEveryone thinks that the DAX will make new lows today.
However, the German benchmark index tends to feint at the top and break out at the bottom, and vice versa.
Therefore, it can be assumed that the DAX will once again ignite upwards before it comes to a further downward movement.
This long opportunity offers an RRR of around 1.2:1.
#DAX #DE40 Targeting An Equality TestIn this update we review the recent price action in the German Dax and identify the next high probability trading opportunity and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
DAX: Bounced🦘The German Dax index bounced off its support at 15 559 points. As a result, it could not yet sustainably dive into our turquoise target zone between 15 528 and 14 313 points. However, we locate the low of the turquoise wave 4 in this zone and expect a new attempt to fall below the support. Only following the turquoise wave 4, we expect a significant rise.
DAX Intraday Levels & ScenariosYesterday at the same level where we are now, sellers showed up, but they didn't create new low. This means they are not strong as they were in previous week so I expect uncertain session or testing higher levels. Bearish scenario should be confirmed by getting out below yesterday's Value Area.
DAX Weekly Prep 21-26 Aug.Previous week was really bearish as I expected. There is still possibility to continue this type of distribution, but 15430 is important level from yearly timeframe so sellers may some reasons to cover shorts. I do not expect strong reversal but I will be ready for evetything as always !
Every level means nothing if daily context is in opposite.
DAX Intraday Levels & ScenariosBears leading the market but very slow and "choppy" . There is still space to fall. I will look for shorts under red area or under green area.
DAX 4hour= it can mini crash to 14900in 14900 I will buy ( after pinbar come)
if you have open buy,close or hedge them
good luck
DAX Weekly Prep. 14-18 AugBulls and bears found the fair price in previous week. It can be signal of total uncerteinty or just market's participators had to build the base before next downside pulse. I will be aware of possible responsive activity when the price gets out of previous week value area (yellow) but still, I'm more bearish for incoming week unles buyers will lead the market above previous week value area.
DAX daily chart say= if low break,mini crash possible if last low break, don't pick buy ( only above green arrow I will buy)
be careful from mini crash to 14200
keep watching AC indicator on 4hour chart and EMA200 on 1hour (big green line) break it mean new buy signal and up trend
wish you win
DAX Intraday Levels & ScenariosHypo 1 and 2 mean trading in previous day Value Area as market can be uncertain.
Hypo 3 - pulse to resistance from D1 timeframe if prices above PDVA are accepted.
Hypo 4 - previous week's trend continuation
DAX Weekly Preparation 07-11 AugAs I mentioned on chart, I see some bearish signals and I will be ready for shorts more than usual. All levels mean nothing if daily trade setup conditions are not met.
Technical and digital analysisWe notice that we are in a small correction in the midst of a large correction for the rise, waiting for the weakness of the selling momentum to buy, and we have a divergence in order to sell
DAX Intraday Levels & ScenariosBears reached my target after long down swing. I see 3 scenarios:
1) Testing demand zone again
2) Uncertainty - trading around opening price
3) Bouncing Up a little higher
GERMAN40 - DAX - BEARISH SCENARIOChina's Caixin Services PMI rose to 54.1 in July, beating the forecast of 52.5. The European private sector, particularly service sector PMIs from Spain and Italy, along with Eurozone data, will be closely watched. A weaker Eurozone services PMI (51.1 in July) could raise recessionary concerns. In the US, initial jobless claims and ISM Non-Manufacturing PMI are key, with forecasts at 53.0. Other stats include Markit service PMI, nonfarm productivity, unit labor costs, and factory orders. Dax indicates for a slight pull back to 15,000 cross support line.
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FDAX UpdateFDAX also hit oversold on MFI and RSI
AAPL/AMZN earnings are probably more important than Europe though.
Dax alert = going to 19000weekly chart and Fino 161% show 19000 is target (long term) so be careful from sell
good luck
FDAX UpdateNew ATH, lol. Doesn't matter if they're in a recession because ECB said they'll pause. This is about the dumbest thing I've ever seen the market do.
Anyways, overbought on MFI and RSI. Be careful holding any long positions overnight.
The possibility of the stock index falling at the opening of thiThe possibility of the stock index falling at the opening of this week
Due to the stretching of the resistance level in the time range, there is a possibility of falling from the level of 16600 to 16700
FDAX UpdateFDAX hit the top and went overbought on RSI and MFI.
Probably more whipsaw next week, staying cash. Hate it when indicators for different markets don;t match up, causes a lot of whipsaw. None of the US indicators are overbought yet.
Technical and digital analysisWe notice that we are in a correction for the smaller ascension, followed by the medium correction, and then the large correction for buying
FDAX UpdateOverbought on RSI and approaching ATH.
Somebody has to explain to me how a rate hike is good for Europe, lol, especially when they're already in a recession.
Looks to me like they want to hit hat double top tomorrow morning, but PCE numbers will probably dictate gap direction for the US makret
