DAX Playing For A Gap FillIn this update we review the recent price action in the German DAX futures contract and identify the next high probability trading opportunity and price objectives tot arget
DAX1! trade ideas
FDAX UpdateFDAX did not go overbought but it did get rejected by my trendline. Looks bearish, but you never know, lol.
Potential for Bearish ContinuationPreferred Case: On 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.
Alternative scenario: Alternatively, price may reverse off the pivot and drop to the 1st support at the swing low at 12383 in line with the 61.8% fibonacci projection.
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FDAX Update againLooks like it bounced off my blue line. I think a gap up is more probable for tomorrow then down.
I love my "random" lines.
FDAX UpdateHit my bottom channel line, indicators are not quite oversold, but I think it hits it and reverses either tomorrow morning or Monday.
Gap direction can go either way but bullish for next week.
FDAX FUturesLooks to me like it wants to go oversold before the bounce. Which means it'll bounce right during earnings season next week. Expect a whipsaw week I guess.
Potential for Bullish BounceOn 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
DAX ABC Pattern playIn this update we review the recent price action in the DAX futures contract and identify the next high probability trading pattern and price objectives to target
FDAX UpdateMFI is overbought
Also CPI numbers premarket Wed morning
Not carrying anything besides a few BITO puts over the weekend.
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.
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.
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.
