Daxidea
Mid Summer BoarderGood morning traders. We stuck here with DAXI. since US markets are forming a topping formation, not much movement.
A double break of the orange line will be sell signal. Also RSI A-B setup is bearish (BUT it's 1hr chart. on daily frame there is no BEAR DIV)
So we might face another rageing, boaring day :)
Better go off and enjoy life today ...
Sliding doorsGood morning traders. Basiclly im still short from yesterday top = 61.8% retrace = 12370.
Our Problem is SPX is keep bumping the 200MA on the 1hr chart. and hold. So daxi stuck here.
2 options on the table. SPX bounce once again. could leed daxi back to 12400.
SPX breaks 200MA down. daxi RED.
watch the fib lines for possibale turn point + the orange pivots as usuall + add killing zone - in bright boxes.
Drive smart !!
Shine on you diamonds - GER30~ Hourly diamond formation on the german DAX. The daily trend is upwards, climbing to the top of a canal. I will wait for the breakout though as any good trader would, and would indicatively state 11960 as a target if bull breakout, and 11540 if bearish breakout.
Cheers ;)