FDAX updateNot oversold yet. I think the US market gets more whipsaw Monday, possible gap down.
Gonna wait until FDAX hits oversold then go long. Staying cash over the weekend, not gonna bother playing the Friday EOD pump
FDAX1! trade ideas
FDAX UpdateHit overbought and rolled over this morning. Remember, Europe is in a recession.
For those wondering why I keep posting FDAX is because Europe determines the gap direction for the US because all futures move the same direction, unless there's region specific news.
DAX: Already done? 📌🤔Since last Wednesday, the German stock index DAX has been rising again. In theory, the low of the turquoise wave alt.4 could already be in place. However, this scenario would require a rise above the resistance at 15 647, which we consider to be 33% probable. Until then, we maintain our primary expectation that the turquoise target zone between 14 866 and 14 555 points should be targeted for the low.
FDAX UpdateFDAX hit oversold on RSI and MFI and bounced as I predicted yesterday. Bounce was big enough to gap the US market up.
I didn't want to post too early until I got a chance to see what the US market does with that.... which appears to be nothing so far, lol. Small caps and Dow are red now.
Staying cash for the moment
FDAX UpdateES RSI hit oversold but this is keeping me from going long. I think it might go up tomorrow then down Thursday instead of going straight down tomorrow...
Anyways, I'm gonna go low risk and wait until FDAX hits oversold before going long.
FDAX UpdateIndicators are neutral, but the chart formation shows that it lost support, backtested and went down. That's pretty darn bearish, and remember the Euros control the morning gap direction for the US market.
FDAX UpdateOld support is new resistance. FDAX got rejected by the line this morning. I can see Europe resuming the selloff next week.
No long positions for me over the weekend, PCAR isn't doing crap today anyways, lol. If there's a shutdown, expect 1 - 2% down day Monday because that's usually what it does.
As I said yesterday, these gap directions depend on news that I can't predict.... so cash is prob best option.
#FDAX #GER40 Two Way Trading OpportunitesIn 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
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
FDAX Update3hr indicators oversold but it lost support in s similar fashion to the area I highlighted awhile ago.
It might bounce tomorrow, but I think it goes lower. I've been pointing out how it went to ATH while the country is in a recession. It took a lot longer than I expected for it to sink into the market, lol. Craziness.
DAX Weekly Prep 25-29 SepSince rollover to december contract the price is falling. On last friday there was potential confirmation of weekly imbalance. The scenario for fast downfall is possible as it's 6th attempt to break below 15600 in actual quarter. I wouldn't be supprised if we see 15k soon. However, the levels and scenarios are nothing if day trade conditions are not met.
DAX potential 500 points LONG! Retesting LOW VWAP BAND
Helloo Traders:)
DAX has already double-tested the lower limit of VWAP -1, accepting this level twice with a dynamic break to the upper limit of VWAP. Currently, the session closed above the level of the lower line VWAP. What may announce another positive break towards the upper limits of the VWAP. Opening a long position after Heikin Ashi generates confirmation. Negation of the scenario after going below and closing the candle fully below the lower limit of the VWAP. If you are curious how VWAP works, I have created a short tutorial available on my TradingView profile.
I wish you good trading week!
FDAX DailyI wonder if the Euros finally realized they're in a recession, lol.
FDAX lost support today. I don't expect the same tank as last year because some of that was due to the war in Ukraine.
Regardless, it made absolutely no sense for FDAX to hit ATH during a recession. It;s the dumbest thing I've ever seen
FDAX UpdateJust hit oversold.
Guessing tomorrow is a reversal day, regardless of which way the market gaps
Dax shortif the support (in blue) does not hold, we should see price quickly towards next yellow support....
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
