FDAX UpdateHit overbought on RSI and MFI this morning and rolled over. Yet another reason why I'm bearish for Monday, I might add some more puts EOD. Looks like it's just gonna do a whipsaw finish today because Friday is Ponzi 401k payday.
No numbers coming out Monday, so I'm expecting gap direction to be the same as Euro market direction
DAX1! trade ideas
FDAX UpdateIndicators are neutral, but it hasn't hit oversold yet so there's a possibility of a gap down Monday despite the bullishness in the US market today.
the US market probably wants to gap up but the Euros dictate the gap direction much like this morning. I am planning on carrying a relatively small long position over the weekend.
As I said earlier in my ES post, expecting a whipsaw finish today.
Kinda tempted to add some IWM (small cap index) to my retirement account, I think there will be a garbage stock short squeeze next week. I don't recommend investing directly into garbage like PTON or AFRM, lol. Bad news can tank an individual stock.
DAX: Beam us up, Mr. Scott! 🖖Happy Birthday, William Shatner! Consistent with the great day of the actor playing Captain James T. Kirk in Star Trek , DAX was also beamed up – and considerably so. From the low of wave iv in pink, the index has shot upwards by about 5% and should still continue the ascent above the resistance line at 15 703 points, where it should complete wave 1 in blue. However, a 35% chance remains that DAX could slip below the support line at 14 617 points. In that case, the index would first develop wave alt.iv in pink to establish a new low in the pink zone between 14 299 and 13 863 points before moving upwards again.
all index like dax,nasdaq,sp500 say:can start wild +up trend
ALERT = WILD + RALLY WILL START ON DAX-DOW-NASDAQ-SP500
2 scenario possible in next 9 month
1- wide zigzag and range (30% possible) or
2-break all high and touch new all time high (60% possible ,,,on dax reach fibo 161% = 19000 and in dow above 45000)!!!!
strongly advice you 90% looking for buy in deep and hold it to high (be careful from sell and put SL on last high,,,,save in mind = market can flyup)
wish you win my friends
ALERT 2= TRADE INDEX LIKE NASDAQ IS VERY COMPLEX AND HARD (ZIGZAG MANER) AND NEED MINIMUM 5 YEAR PRACTICE ON DEMO ACCOUNT , IF YOU DONT HAVE 5 YEAR DEMO EXPERIENCE ,DONT TRADE IT ON REAL MONEY
FDAX UpdateLooks pretty much the same as US indices, SI and MFI close to overbought but not there yet. The problem here is that it could go overbought and head back down before Monday open, so gap direction can go either way Monday.
I made enough money this week, I don't feel compelled to hold anything over the weekend.
DAX 1 HOUR say : it can go up to 158002 place is important (2 arrow on chart)
AC INDICATOR on 4hour chart show up trend will start soon (IF last LOW NOT BREAK)
alert= weekly chart technical say dax can go to 19000 , 100% be caeul from sell(put sl on last high ) ...90% looking or buy and buy pinbar
note= trade index like dax ,nasdaq need minimum 5-7 year practice on demo ,if you dont have it pick it on demo account,not real
if you have old sell, hedge them now then wait 2-3 month dax go p and back (down trend apear) then frist close your sell in low ,then on high close your buys
goodluck
DAX: Approach to Resistance Area... how to trade it?Hi everyone!
The main trend on DAX is bullish so if you think about a short trade, it is not possible to anticipate the market/signal so it could be interesting to wait for a first bearish leg development on intraday chart and try to take a short position using the potential technical rebound (wave B) with stop loss above wave A (Top):
If there is no pullback, the next bullish target is around 16.230 area.
...trade with care! 👍
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