FDAX UpdateRSI hit overbought with MFI divergence and rolled over
This is going to put downward pressure premarket for a while
FDXS1! trade ideas
dax daily long term view : dax can start big +up trendline dax find a shape can start +up trend ...strangly advice above 13000 dont pick sell ... .90% looking for buy
in 2023 we can see dax in 19000 (fibo 161%)
secret : when dax go above EMA200 daily (big orange line), this mean +up trend start and pick sell is stupid
good luck
FDAX UpdateFDAX RSI almost overbought. Could see a reversal as soon as Monday.
So gap direction for Monday is a big question mark. If the market goes up Monday I might short something.
DAX Crucial 1D MA200 test! Sell with low risk but BUY if broken!The German stock index (DAX) has been trading within a Channel Up (Higher Highs/ Higher Lows) since the September 29 bottom. Following the contact with the 4H MA50 (blue trend-line) on Wednesday's Fed Rate Announcement, the price has been rebounding strongly, aiming at the 1D MA200 (red trend-line).
Having already broken above the January 05 Lower Highs trend-line last week, that would be the most crucial test for the long-term trend as the 1D MA200 has been unbroken since February 02, practically throughout the whole Bear Cycle of 2022. If broken, expect a Higher High on the Channel Up that would test the 13980 August 16 High (Resistance 1) where a 1W closing above it can target further upwards the 14710 June 06 High (Resistance 2).
Until the 1D MA200 break-out happens though, DAX's Channel Up draws heavy comparisons with the July 14 - August 16 Channel Up, which eventually topped and started a new heavy sell sequence that made the current market Low. As you see the top was formed after a 4H MA100/200 Bearish Cross (4H MA100 green trend-line crossing below the 4H MA200 orange trend-line), which is the pattern that DAX just formed today. On top of that, the 4H RSI sequences of the two Channel Up patterns are very similar following an (a)-(b)-(c)-(d) pattern. That means that until the price breaks and closes above the 1D MA200, being that close to it, we can take a low risk/ high reward sell and target the 4H MA200 (orange trend-line).
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DAX: Bull flag breakout, or has the high been seen?The DAX is set to open lower, but there are two potential scenarios to monitor; a bullish breakout from a bull flag – or the swing high has already been seen around trend resistance.
The DAX has rallied from the September low in three waves, which could either be part of a new bullish trend or part of a 3-wave retracement. If we look at price action alone, the rally from 12,000 has been strong and a potential bull-flag is forming. Should we see prices break above 13,000 then we’ll assume the bullish trend is set to continue.
But there are two potential flies in the ointment which could scupper such a break higher. The rally has been seen on declining volumes, which suggests the ‘rally’ is corrective and not impulsive. Furthermore, the bull flag remains stuck beneath trend resistance. And given we recently saw a -bar reversal on the four-hour chart within the supposed bull flag, we are on guard for a break beneath yesterday’s low to assume bearish continuation.
FDAX UpdateIndicators neutral but MFI looks to be on the downtrend.
Fed pump dowesn't look very strong either. Could just be more whipsaw though
DAX 1hour :dax want touch EMA200 daily 13555 ?near arrow we can pick posation after pinbar comes
keep monitor AC indicator on 4hour chart
goodluck
FDAX UpdateThis is why I didn;t hold my long positions, FDAX is overbought...
US market appears to be melting up though, just staying cash
FDAX UpdateI think gap direction will be dictate by META earnings, not b the Euros, but in any case, the Euros look just about done
DAX 4hour : dax can reach 14500 , be careful from sellin coming hour dax little must go down but trend will remain up
in my idea when pinbar come pick buy and hold it 7-8 day to minimum EMA200 daily 13500
only under red allow we must pick sell after pinbar comes on 1hour or 4hour or daily chart
good luck
FDAX UpdateChina ate shit but the European algos still trying to pump. Hilarious ensues.
Pretty much every company that does business is tanking on TSLA cutting prices in China.
Even if the Euros pump again tomorrow morning, I see them dumping right after,
FDAX UpdateOK, I figured out why the market is pumping. FDAX MFI went oversold this morning, so the algos are indeed planning another pump and dump with the expectation that Europe will go up Monday.
I think it's being helped along by the fact that today is options expiration.
DAX Targeting The Daily Trendline In this update we review the recent price action in the DAX futures contract and identify the next high probability trading opportunity and price objective to target
DAX Hit the 4H MA200 for the first time in +1 month.DAX (FDAX1!) hit today the 4H MA200 (orange trend-line) for the first time since September 14. This is still technically a short-term bullish reaction (Channel Up) within two longer term bearish structures (Bearish Megaphone with the dashed lines and Falling Wedge o a broader frame). With the 4H RSI approaching its Resistance Zone, it is not unlikely to see a rejection by tomorrow back to the 4H MA50 (blue trend-line).
We have accurately laid out this information on our previous DAX analysis 10 days ago:
Basically as it happened from July 19 to August 12, we may see continuous pull-backs on that Zone as the price breaks the Bearish Megaphone to test the top of the Falling Wedge. On the long-term only a closing above the 1D MA200 (red trend-line), which is untested since February 02, can be enough to change the trend from bearish to bullish.
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FDAX UpdateFDAX shows no indication for gap direction Monday.
Sentiment is obviously bearish, if they gap it up I think the gap fills quickly. the only reason to gap it up would be so the algos can sell at a higher price, this was obviously a pump and dump.
FDAX UpdateLooks bullish, but I'd rather short when it gets overbought. Not chasing this technical bounce.
We're headed into a recession, inflation still high, the Fed has to raise rates again in Nov.
DAX Trading The Corrective CycleIn 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 UpdateMFI bounced off of oversold but could drop back down. Note that it lost support again.
Tomorrow could go either way, but I'm not feeling very bullish.
DAX Broke the 4H MA50. Bearish extension.The German stock index (DAX) broke below its 4H MA50 (blue trend-line) on Friday after failed to break and being rejected on the 4H MA100 (green trend-line) earlier this week. This keeps the price inside both the short-term Bearish Megaphone pattern and the longer term Falling Wedge pattern.
That break is a major sell break-out signal and targets directly the 11875 Support. Below that we can only take an extension if DAX makes a closing below the bottom (Lower Lows trend-line) of the Falling Wedge. Otherwise as the price approaches the 11875 Support, it becomes a buy opportunity towards the 4H MA200 (orange trend-line).
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FDAX UpdateDouble tapped overbought on MFI and headed down. Europe is headed into a recession, it was just a technical bounce.
