FDAX UpdateMFI and RSI dropping, looks like it'll hit my orange support line either tomorrow or Monday
Europe is going into a recession, even if they have enough natural gas to get through the winter, they have issues stocking up next year. No more Russian gas flowing at all, they blew up the pipelines.
FDAX1!
FDAX Update3 hr indicators are neutral, seemed bullish this morning but there's a chance that it back tests support and drops down again. Remember, old support is new resistance. The Euros know they are headed into a recession.
US market seems bullish on this technical bounce, but gap direction tomorrow is a crap shoot.
No position, just watching the market and looking for new stocks to play with. My favorite bull plays are dead.
DAX Testing the March Support. Potential Triple Bottom.The DAX futures index (FDAX1!) followed exactly what we pointed out on our last analysis more than a month ago, as it got rejected on the All Time High Lower Highs trend-line (1) and is now approaching the Support Zone that started after the March 07 Low:
As you see, that Support Zone has so far made a Double Bottom (March 07 and July 05) and along with the Lower Highs trend-line (1) have formed a massive Descending Triangle that is on the verge of breaking out. With the 1D RSI on Higher Lows since March 07, a bullish break-out is quite likely and it should target the 1D MA200 (orange trend-line) around the 0.382 Fibonacci retracement level. Note that the 1D MA200 has been untouched since February 02. However no further buying can be engaged with as the price will still be limited to the Lower Highs trend-line (2). In our opinion, only a break above the 1W MA50 (red trend-line) can restore the bullish sentiment on DAX on the long-term.
If on the contrary the 12360 Support breaks, we expect aggressive selling that can target the -0.236 Fibonacci extension around 11435.
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DAX 4HOUR : IT CAN CRASH TO 11300i love dax (dow gold ) go up to 14000 but i try analyse witout my self sense
technical say dax can go to these level ..frist 12200 area if can break it can carsh to 11300 (with stupid Biden and Powell and their bad actions this can happend )
so be careful ,,keep monitor AC indicator on 4hour
note 1 : break red trend line is buy signal and big +up trend can start to EMA200 daily neqar 13800
note 2 : above green arrow aftre buy PINBAR comes on higher time ,60-240-1440min chart we can buy dax and hold it 30-40 day to high
www.tradingview.com
FDAX UpdateIndicators neutral, tomorrow's gap could go either direction
A lot of times when it goes down all week the shorts cover on Friday, so it could cause US indices to gap up even though the direction right now is very bearish
In other words, I dunno, lol. But I'm posting an update because I promised my followers this morning.
Daily analysis & day trading setups DAX DAX40 DE30EUR 07 SEP 22Happy Wednesday,
We are in bataille royale now - 12600 to 13k. Whoever crosses the line first wins in whichever direction.
Mind the gap - 90 pts lower open overnight so it can go to 12810 first to bridge the gap.
Levels to watch on upside are 12 767, 881, 974, 13 088
Levels to watch on the downside are 12 724, 674, 561, 474, 416
Macro GB BOE MP Report, Bailey Speech, EU GDP, US Trade Balance, Fed Brainard Speech, Fed Beige Book, CAD Interest Rate
Buy
Break: 12 810, 905, 13 012
Reversal: 12 660, 582, 492, 430
Sell
Break: 12 721, 678, 596
Reversal: 826, 928, 13 030, 110
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
DAX daily say : more down side posible to 12500 areaALERT |: trade dax and OTHER index need minimum 5-7 year practice on demo account ...they other world than forex need very very high skill and patience
above green arrow i am going to pick buy for hold 2-3 month personally i believe 12444 i lowest low and then dax must start +up trend , but with zigzag and mini crash
good luck
Daily analysis & day trading setups DAX DAX40 DE30EUR 01 SEP 22Happy September, Happy Thursday,
DAX will cause some serious damage if it loses 12702 & 12677. The next level will be 12442 followed by 12323
On the upside, it is now firmly capped at 13k as bears now taking the charge. I am making a bold prediction here - the probability of 9943 followed by 9370 has gone up significantly
If you are thinking of buying the dip or going long, think carefully, seriously
Macro EU DE Mfg PMI, GB Mfg PMI, EU Unemployment Rate, US Jobless Claims, Nonfarm productivity, Labor Costs, Mfg PMI, Employment Index, New Orders Index
Buy
Break: 12 750, 795, 820, 870, 920
Reversal: 12 702, 677, 622, 585
Sell
Break: 12 725, 690, 648, 587, 530
Reversal: 12 805, 858, 925, 991, 13090
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220831Happy month end, Happy Midweek, Happy Wednesday,
Bulls have managed to regain 13k overnight. So 13k is line in the sand. 13 125 now is the key level on the upside. Any break below 12 850 will confirm bear strength.
Last day of the volatime month.
Macro EU DE Unemployment, HICP, US Employment Change, Chicago PMI
Buy
Break: 13 045, 088, 110, 150
Reversal: 12 998, 935, 850, 815, 738, 690
Sell
Break: 13 013, 12 942, 870, 810, 775
Reversal: 13 094, 125, 154, 219, 290
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
DAX weekly chart say cash to 11111 possible !technicaly we have fibo 61% in 11.111 ...if low break this can happend ,,,a gift from stupid Biden and Powel
be careful .dont hurry up , here patience too much is secret of big winning(lin long term)
if you have open buy you ,ust put SL or hedge sellstop in
good luck .hope mr TRUMP back
FDAX UpdateFDAX is oversold so no big gap down Monday I guess. I don't expect the market to gap up though because any pump will sell off quickly.
I don't see a big bounce until NQ hits oversold, so definitely a whipsaw Monday. The plan is to hold BITO puts over the weekend to see if cryptos tank, go long on something midday Tuesday.