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.
DAX1! trade ideas
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
DAX 4hour : buystop on high , upper target is 14500 then 14800despite some down movment led by DOW , i belive dax trend is + up
best accetion is buystop on high , if you have sell ,100% put SL on high 14150 , if it break dax can start +up trend
good luck , 90% looking for buy dax love buy +up trend ( sell on dax,dow,index is very dangrous)
ALERT = DAX LOVE EMA200 DAILY (orange big line on chart) it can fly up witout pullback,dont allow you close your sell
DAX is bearish but will move higher before reaching to 10913Dax will be completing a wolfe wave on 4H time frame which its result will be a upward move toward its D EMA 200 near 15000 after this upward move index is going down toward its main target @10913
this bearish move is a response to another wolfe wave on D time frame which is shown on the chart
any comments please share
tnx
DAX 4 hour : dax next target is EMA200 daily 14800 AC indicator on 4hour do its job exclent
dax touch fibo 61% ,now in pullback as predicted befor ( daily chart trend will + up)
now looking for buy when OK comes , OK= when PINBAR comes on 1hour , 4hour,daily chart or in 15min chart ,price break last upside trendline
dont fear pick buy with SL in day low ,,,, hold your buy 6-7 day to 14800 area or more
good luck
Short FDAX1! (June Contract) from 14150The sentiment is down in most of the world. US has taken a bigger hit than Europe, but I think Europe will follow at their own pace. We are approaching trend line from ATH that also created the double top around New Year. I have 2 attempts for shorting this:
1) Sell limit when price reaches 14150 on the way up (price now 13950) looking for reversal.
Entry: 141450
SL: 14400
TP: 13288 (previous low and also the low since March '22)
2) If I get stopped out I will wait for price to move down and catch it on the way down. Entry and SL will be decided later.
Entry: TBD
SL: TBD
TP: 13288 (previous low and also the low since March '22)
DAX Trading A Complex CorrectionIn this update, we review the recent price action in the DAX futures contract and identify the next high probability trading strategy and price objectives to target
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FDAX UpdateRSI is now touching oversold much like NQ
I told you guys that FDAX looked bearish yesterday and not to go long in the afternoon. I hope you listened. I just closed out my puts a few minutes ago, I expect the market to go up after the European market closes, but I'm not gonna play it.
Some jackass trolled me a couple of months ago mocking me for tracking European markets, but now you know why. Futures move in the same direction 95% of the time, the US algos tried to pump it premarket and failed because the Euros were selling off strong.
