FDAX UpdateMFI is overbought
Also CPI numbers premarket Wed morning
Not carrying anything besides a few BITO puts over the weekend.
DAX1! trade ideas
DAX Potential Bullish ContinuationOn the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the 78.6% fibonacci projection to the 1st resistance at 13373 at the overlap resistance in line with the 61.8% fibonacci projection and 23.6% fibonacci retracement . Alternatively, price may reverse off the pivot and drop to the 1st support at the swing low at 12383.
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Potential Bullish ContinuationOn the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the 78.6% fibonacci projection to the 1st resistance at 13373 at the overlap resistance in line with the 61.8% fibonacci projection and 23.6% fibonacci retracement. Alternatively, price may reverse off the pivot and drop to the 1st support at the swing low at 12383.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
FDAX UpdateRSI oversold but MFI is not there yet. Possibility of another overshoot tomorrow.
No gonna chase i, might just stay cash overnight
FDAX UpdateRSI oversold and it hit the bottom channel line.
Overshoot is a possibility, but I would be more inclined to expect a gap up tomorrow. Usually when the market tanks all week Friday winds up being a green day because of short covering
Dax 4 hour :buy dax near 12970 with SL in low never remove SL , if dax break low can crash to 12000
good luck , if you have old buy , 100% put hedge sellstop in low
ALERT= dax love buy and +up trend , so when it go up , dont pick reverse sell , instead looking for buy in deep , in my idea +up trend will start sooon
for inter posation wait OK VERFY COMES = pinbar in 60-240-daily chart , then pick buy (or sell)
✅DAX WILL GO DOWN|SHORT🔥
✅DAX will soon retest a key resistance level
So I think that the pair will make a pullback
And go down to retest the demand level below
SHORT🔥
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FDAX UpdateWell, the algos managed to gap US indices up despite the Euros tanking again. Pretty rare event, usually only happens 2 or 3 times a year, so I doubt they can do it 2 days in a row.
FDAX looks really bearish, no long positions until it gets oversold.
FDAX UpdateIndicators are neutral but it looks like a bullish reversal.
I think gap up tomorrow, but not nearly as certain as I was yesterday about today's gap down. Could just open flat.
In any case, the US market managed to go green despite the premarket tanking in Europe, so that's bullish.
FDAX UpdateYou can see FDAX went overbought on MFI and reversed. It's now flat for the day which doesn't bode well for tomorrow morning.
Not chasing the pump today. Might just take the whole week off.
FDAXVery simple ... Very clear
A downtrend in the new step will start soon.
This is my personal opinion. Please do not trade based on my analysis and data.
DAX Trade Strategy UpdateIn this update we review the recent price action in the DAX futures contract and update the long trade strategy and price objectives in play
Dax daily = still upper gap is open put sellstop in low (buystop on friday high) is good idea but low size (SL= last high/low) , if low break dax can crash to 12000 area
AC indicator on 4hour going to red,sell
if low not break , looking for buy is good idea but with SL in low
if you have old buy put hedge sellstop in low (5-6 point under low)
note = try hold your buy until 14000(fibo 61%)even above ,dont close buy soon ,give it 10 day wait
,DAX low buy and +up trend
FDAX UpdateCould go either way tomorrow morning, but I don't think this drop is done until it hits the bottom trendline and MFI goes oversold.
DAX Competing Equality Objectives In PlayIn 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
DAX 4 hour : dax can crash to 12500 area dax break its important trendline , so we advice sell near 13720 gap sl=13866
and buylimit near 12500 (red fibo161%)
note = for inter buy or sell , wait OK verfy come = clear pinbar in 1hour 4hour or daily or in 5min chart , price break last trend line
if you have old buy ( trade dax witout SL =100% margin call) put hedge sellstop in low and hedge (sellimit) it in 13700 after close , back to demo practice on eat SL and stand on fix low size
wish you win , stable win , dont fear from eat SL , eat 50% SL(+ stand low size) is base of this game
FDAX UpdateOversold with a gap which is bullish but it also dropped back into the calendar year downtrend which is bearish.
I think it fills the gap then tanks again. Gap up and brief rally tomorrow morning is still my guess. Note I said guess.
DAX 4 hour : after pinbar comes on high time , pick buy dax fill gap now , now it is in buy area(above green arrow) , we can looking for buy now , we must wait OK verfy comes then pick buy (very low size) try hold it until 15000
OK = buy pinbar on 1hour, 4hour ,or daily chart appear or last upper trendline break by price in 5min chart
if you have buy , dont fear , be patient ( why you dont put SL in 4 hour last low)
if you have selk , close it now , wait for OK buy
goodluck
FDAX UpdateOversold on MFI and RSI
Probably gets a bounce tomorrow morning. Not shorting anything right now
FDAX UpdateRSI hit overbought with MFI divergence, index rolled over hard.
Bearish for the open tomorrow, guessing gap down regardless of what the indices do during the day
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.
FDAX UpdateLooks to me like FDAX is going to retest he resistance line.
No idea why Europe is so bullish, but they're driving this pump
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.
