✅DAX WILL GO DOWN|SHORT🔥
✅DAX will soon retest a key resistance level
So I think that the pair will make a pullback
And go down to retest the demand level below
SHORT🔥
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FDXS1! trade ideas
FDAX UpdateWell, the algos managed to gap US indices up despite the Euros tanking again. Pretty rare event, usually only happens 2 or 3 times a year, so I doubt they can do it 2 days in a row.
FDAX looks really bearish, no long positions until it gets oversold.
FDAX UpdateIndicators are neutral but it looks like a bullish reversal.
I think gap up tomorrow, but not nearly as certain as I was yesterday about today's gap down. Could just open flat.
In any case, the US market managed to go green despite the premarket tanking in Europe, so that's bullish.
FDAX UpdateYou can see FDAX went overbought on MFI and reversed. It's now flat for the day which doesn't bode well for tomorrow morning.
Not chasing the pump today. Might just take the whole week off.
FDAXVery simple ... Very clear
A downtrend in the new step will start soon.
This is my personal opinion. Please do not trade based on my analysis and data.
DAX Trade Strategy UpdateIn this update we review the recent price action in the DAX futures contract and update the long trade strategy and price objectives in play
Dax daily = still upper gap is open put sellstop in low (buystop on friday high) is good idea but low size (SL= last high/low) , if low break dax can crash to 12000 area
AC indicator on 4hour going to red,sell
if low not break , looking for buy is good idea but with SL in low
if you have old buy put hedge sellstop in low (5-6 point under low)
note = try hold your buy until 14000(fibo 61%)even above ,dont close buy soon ,give it 10 day wait
,DAX low buy and +up trend
FDAX UpdateCould go either way tomorrow morning, but I don't think this drop is done until it hits the bottom trendline and MFI goes oversold.
DAX Competing Equality Objectives In PlayIn this update we review the recent price action in the German DAX futures contract and identify the next high probability trading opportunities and price objectives to target
DAX 4 hour : dax can crash to 12500 area dax break its important trendline , so we advice sell near 13720 gap sl=13866
and buylimit near 12500 (red fibo161%)
note = for inter buy or sell , wait OK verfy come = clear pinbar in 1hour 4hour or daily or in 5min chart , price break last trend line
if you have old buy ( trade dax witout SL =100% margin call) put hedge sellstop in low and hedge (sellimit) it in 13700 after close , back to demo practice on eat SL and stand on fix low size
wish you win , stable win , dont fear from eat SL , eat 50% SL(+ stand low size) is base of this game
FDAX UpdateOversold with a gap which is bullish but it also dropped back into the calendar year downtrend which is bearish.
I think it fills the gap then tanks again. Gap up and brief rally tomorrow morning is still my guess. Note I said guess.
DAX 4 hour : after pinbar comes on high time , pick buy dax fill gap now , now it is in buy area(above green arrow) , we can looking for buy now , we must wait OK verfy comes then pick buy (very low size) try hold it until 15000
OK = buy pinbar on 1hour, 4hour ,or daily chart appear or last upper trendline break by price in 5min chart
if you have buy , dont fear , be patient ( why you dont put SL in 4 hour last low)
if you have selk , close it now , wait for OK buy
goodluck
FDAX UpdateOversold on MFI and RSI
Probably gets a bounce tomorrow morning. Not shorting anything right now
FDAX UpdateRSI hit overbought with MFI divergence, index rolled over hard.
Bearish for the open tomorrow, guessing gap down regardless of what the indices do during the day
FDAX UpdateMFI looks like it wants to go oversold, that implies a gap down Monday.
I'm expecting the US market to bounce when the Euro markets close, but if you play the bounce don't hold over the weekend. Asia also looked weak last night.
FDAX UpdateLooks to me like FDAX is going to retest he resistance line.
No idea why Europe is so bullish, but they're driving this pump
Potential Bearish Continuationon the H4, price has recently reversed off the pivot at 14576 in line with the overlap resistance and the confluence area at 78.6% fibonacci retracement and 100% fibonacci projection and may drop to the overlap support level at 14297 in line with the 38.2% fibonacci retracement. Alternatively, price may break the pivot and rise to the resistance at 14864 at the horizontal swing high.
DAX made a major bullish break-out.DAX is now trading above the 1D MA50 (blue trend-line) for the third straight session with the 1W RSI at its highest level since late January. The 0.618 Fibonacci retracement level (14800) is just below the 14950 Resistance formed by the March 29 High.
That is a short-term target, buying after that can be justified only by a 1D candle close above the 1D MA200 (orange trend-line), in which case we will look for a complete gap closing at 16275.
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DAX 4 hour : as predict before , dax,dow,fly up going to 14800dax upper target is 14800 (fibo 61% daily)
strongly advice dont pick reverse sell dax easily can back to high 16000, ,instead looking for buy in deep (after pinbar comes on high time chart, pick buy)
we can pick sell in 14500(gap cash phisical xetra dax DEU40 ) and EMA200 daily and 14800 (SL=40 point trailstop=40 tp=120)
if you have old sell , close it near 14400
good luck , keep monitor AC indicator on dax on 4hour
i will update my chart per morning
Gold 1hour : dont fear put buystop on high 1862.50gold reach green fibo 61% , it can little pullback , if gold break high can go upper to 1900 area
if gold go down , above green arrow we can buy but after OK verify
use only very very low size , never pick over size (instead big size , wait more pick big point,pip
FDAX UpdateBroke out and not overbought yet. Still guessing tomorrow is a gap up but it may whipsaw after because US indices are overbought.
I expect a dip when FDAX gets overbought, which is probably the same time the ES and NQ gap fills and RSI gets overbought on those as well.
Bullish until ES and NQ gap fill and also until FDAX gets overbought.
FDAX UpdateIndicators show no direction and it's right up against the calendar year trendline.
I'm taking a couple of days off, wasn't thinking very clearly this morning. If tomorrow is a green day then we probably see a rally for 2 weeks, if not then we're already pretty close to the bottom anyways. I'm too skittish for long plays, I'll watch.
Short $FDAX from 14140Last attempt for proper rejection of ATH down trend line. We will set SL rather tight this time, as I believe a move above 14260 would be bullish. The German market seems more robust than the American, but that will make the break down even bigger.
Entry: 14140
SL: 14290
TP: 13288
