DAX futures - FDAX1! - EW analysis - 5th ending diagonalDAX futures - It is in 5th subwave of ending diagonal wave pattern and about to end the sequence soon. Thereafter expecting 4th wave correction of one larger degree up to 15k zone.
FDXS1! trade ideas
FDAX WedgieFDAX formed a wedgie with RSI touching overbought
US futures went up on Asia and Europe, nothing to do with the US so everything looks weak now including meme stocks. Looking like a gap down tomorrow, but you never know in this weird whipsaw market.
Positioned myself for PD (this week) and SFIX (next week) earnings.
Do you see yesterday how AC on 4hour chart move dax up ?
ALERT=trade dax need min 3-5 year demo , if you didnt have exprience ,dont trade it on real money,trade DAX not for kids,dax is for kings !!!!
on today,wednesday on dax + energy will be high ,AC 240min is red now ,this can give dax zigzag or range it , but after AC240min turn green dax again 300-400 point will fly up , dax buyer target is 15800 and then 16000 (dax on daily chart in way to 17000 )
if you have old sells, you must close all (or hedge them near 15525)
note=as we predict ,effect of inflation and US10Y yield going to ease , after economy crash(like 2008),inflation is normal ,show economy grow !! if inflation not come mean economy freeze (in next months us10year yeild (and germany inflation)can grow to 2.5 but not bad ) so dont panic
good luck ,enjoy bull market ,looking buy in deep and hold it to new high (until 17000 sell on dax is stupid action)
today AC weekly turn green =dax open door to 17000if you are new on dax,dont pick it on real account,dax need min 3-7 year practice on demo
today dax break high15600 as we predict before , dont think dax will go down ,yes on news some mini crash posible but with dax companies very good earnings like SAP BMW 99.99% trend will be powerfull +
again again we strongly advice only trade on buy side,looking for buy in deep and hold 7-8 day to new high ,dont pick sell signals,dont allow 2-3 red candel force you sell(against main trend) =margincall
keep monitor AC (or stoch 7.4.4) on 30-240min chart
dax breakup trendline in morning technical say it 90% will back to touch trendline ,then can fly up again
on trend touch we will buy with sl=low 15400
today AC indicator on 4hour dax was red but now going greenAC240min is red = stochastic of many traders show sell =this push dax down
in high we have open gap on cash xetra dax too
still we see daily chart (main trend) is up but technical say dax can see fibo 61%(dax low fibo 61%)
ALERT=break 15600 support can fly up dax to 16000 ,if you have old sells,you must put SL 5-6 point above high
break 15000 can crash dax to 14600(buylimit place)
advice= buy dax near 15210 and hold it until new high (15800) with SL=40 point
secret=like now when AC on 4 hour is green (mean + trend,buyer will comes) when AC 30min goes down,full red you can buy dax but 100% you must put sl=40 (this stratgy need 6 month practice on demo , if you cant put SL ,or remove SL ,can harm you ) tp=min 120point
note=instead buy ,you can put buystop on 5min chart last high (risk reduce,winrate increase)
think.ing.com
monday 31 may AC on 4hour chart is red (when turn green powerful + trend will start)
AC on 30min chart is red but full ,ready for turn green
in next hours we predict range trade for today ,US and many country is hollyday
dax in 9:00 CET must go up and touch friday close price , then will range and zigzag but with + trend
break 15600 support open door for 15800(dax can fly up )
advice=looking for buy in deep , dont pick sell signals(trend is +) dont allow 2-3 red candel force you sell
if you have old sell ,you must put SL on high (5-6 point above)
good luck , respect to + trend
germany index dax vs dollar index :dax completly indipendent if you see many times dax and dollar index go against ,but many times they move together true?
(hide dollar index) if you see many times dax and us10year yield move in 1 direction but many time not
result = dax movment is independent (zigzag maner, many big traders use stochastic on it ) love go up (weekly chart trend from 1950 is very +)
because dax start in morning , other markets look dax movments ( europe mornings) like eurusd,gold,even dow traders look dax ,all markets move after dax !!!! in mornings you dont need monitor,look other markets
in evening after NYSE open at 16:30 CET dax traders look to dowjones futures YM1! , dax movments 95% in 1side ,direction but i seen sometimes not (1 year ago on NFP news dow going up but dax going down!!!! for this in evenings you must monitor DOW
example of non independent market= for example gold not independent market , gold move after dollar index(gold is difrant world) gold in mornings move against dax
final word =dax and dax futures traders in mornings dont need monitor other instruments , they must watch AC (or stoch 7.4.4) on 30-240min chart !!!!!!!!
and looking for harmonic patern on 60-240-daily chart like head and shulders
and looking for pinbar on 15-60-daily
and EMA200 (exponential moving avrage) +draw supports+ trendlines (not kanal) on 15-60-daily chart
in evenings and nights 1 eye must monitor dow fut too ,no need more things
if you are on metatrader add 3 EMA200 15-60-1440 to 15min chart (for ninjatrade we have this too)
www.best-metatrader-indicators.com
dax traders know when dax 2-3 time attack to 15500 will break ityou can see dax 5 time attack to 15550 true?
exprienced pro dax traders seen this pattern many times so 100% dax after break red area can fly up to new upper layer 16000
in last 3 month dax is range with low movment (when dax going up ,range or zigzag is normal)
red fibo raytrace 161% show dax target =15900 (can take 4-5 day)
green fibo extention show dax target =16100 (can take 10 day)
we belive(according exprience and old history) dax love fibo extention (projection) more than fibo raytrace save photo,later see witch was true target
all big money bank,broker,fund traders on dax (must draw on FDAX not cash dax) use it for find dax target
in coming monday AC on 4hour show sell ,so 90% we will see little down movment or range ,when AC goes down,full red =buy and new + trend must start
if you have buy ,you are clever and seen main trend is very powerfull + so be patient until 16000
if you have open sell , 100% put SL on high 15605 , break this high mean new + trend started ) you can put buystop on 15600 too for hold to 16000
let see DOW futures COT open orders by larg banks and fund money managers(sorrily eurex dont publish this for fdax,we must contact them and ask them publish this,but dow and dax simmilar in order contracts )
prnt.sc
like dow we will see new records in next days
on cash xetra dax daily chart we have doji and high volume comes
prnt.sc
euwax dax option sentiment (call-put)
prnt.sc
dax must touch 16000 soon or late ,inflation fear ease today dax open with + gap , then on 9:00 am CET after FSE frankfurt stock exchange open,fill gap and go up
all big bank,big company ,fund traders according my monitor on FDAX orders, buy,sells stand on buy side ,buying big size dax in deep to close on 16000 ( dax in way to 17000 on weekly chart)
advice=in next days looking for buy in low,dont pick sell signals
use google chrome for traslation
www.finanznachrichten.de
how pro traders in funds,banks use FIBO EXTENTION on dax futthis tools is for index and zigzag markets like dax ,dow ,not for trendy markets like forex,gold
all dax trader must draw it on FDAX (not cash dax) for find TP target
www.dailyfx.com
www.tradingview.com
www.youtube.com
for load it on Metatrader,right click on above drawing tool(box)
personaly every morning i delete old,redraw it on 30min chart last N shape (for short term) for find longterm target i draw on 4hour chart you need min 6 month work on it,then can judge how it is amaizin on FDAX and dow fut
FDAX UpdateIndicators are all in the middle though the last couple of times it went oversold before bouncing.
Doesn;t look like Asia is gonna do anything tonight, gap direction will depend entirely on the EUros. I don't think they'll prop up US futures like they did this morning, that was strange. EUrope red and US futures held steady.
Opted to stay cash since I have no idea which direction things are going tonight. MFI is oversold on all US indices, so if we get a gap down, chances are pretty good they pump it in teh afternoon for Ponzi Friday.
dax buy pressure is high AC 4hour is red now this mean down trend can start (if high break this down will cancel to up)
advice =looking for buy with sl=40 for hold 7-8 day to new high
dax futures reach all time high now cash xetra dax close price in very down(monday phisical market was closed in germany)
90% this gap must fill (90% will complete on 9:00 ac CET when xetra open with big gap)
AC on 240min chart is red too
note=dont forget daily chart trend is + so 100% put SL on high (4-5 point higher)
look like dax want with big wide zigzag go to up
www.tradingview.com
buy pressure is high,as we predict before nasdaq fly up move dax to up too ,,, be carefull dax on bad news can crash , 100% put sl=40 or low
www.marketwatch.com
where is dax targets ?
SECRET=see chart exactly ,main trend is + ,dax ,dow,sp500 nasdaq and gold main trend is up ,manner is + move !!!! if 1year any news not comes it will grow(manner is +) so dax love go up ,buyer more than seller !!even if it crash 1000 oint back to up 2000 point ! for this secret big banks, fund never sell index like dax,dow,gold (thir platform sell is disable) 99% looking for buy ,when see dax crash better way go to sleep,wait buy signal,trend comes
note=this secret not for forex bond currency and all markets
let back to chart
as we predicted 1 year ago dax reach 15500 but now where are dax targets ?
if you draw fibo in corona crash ,you can see dax fibo targets , it is in way to fibo 161% 17500 ( summer 2021)then to 23300(in end of 2021
note=if very bad news comes dax downside target is 14000
if very very big bad news comes like corona dax target is 12550
we predict (acording chart crash pattern ) in minimum 2021-2022 (bull market)no big crash , dax will go up to reach 17500 then 23500 ,for this we always advice stand on buy side ,looking for buy until 17500 (in 17500 and23300 we have 100% winrate sell)
final word =
1- dax love go up ,main trend is +
2-dax going to 17500
now you can trade micro dax future only with 1000$(swap=0 commision=0 spread=1point) in AMP or Ninjatrader.com (direct trade in frankfurt exchange) micro dax best instrument for hedge dax FDXS1!
www.eurex.com
FDAX updateGermans close to testing the top again Sunday night. If they break through then we get a melt up, if not hen more whipsaw.
