FDAX UpdateIt went straight for the gap fill, and now reversed. Also hit my channel line as well.
RSI hit overbought with MFI divergence.
This implies a gap down tomorrow, but tomorrow is also Ponzi Friday.... with employment numbers coming out.
FDXM1! trade ideas
DAX Gap Fill Trade Hits Target +595, What Next?In this update we review the DAX futures contract Gap Fill trade strategy and identify the next high probability trading opportunity and price objectives to target
DAX FUTURES (FDAX1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 13814
Pivot: 13348
Support : 13004
Preferred Case: On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 13348 in line with overlap support to the 1st resistance at 13814 where the 61.8% fibonacci retracement , 127.2% fibonacci extension and 78.6% fibonacci projection are.
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13004 where the pullback support, 50% fibonacci retracement and 100% fibonacci projection are.
Fundamentals: Due to the House Speaker Nancy Pelosi's trip to Taiwan capital, Taipei, we have a bearish view on the DAX index . We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
DAX Gap Fill Trade Strategy UpdateIn this update we review the recent price action in the DAX futures contract and update our trade strategy for the Gap Fill Objective
DAX FUTURES (FDAX1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 13814
Pivot: 13348
Support : 13004
Preferred Case: On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 13348 in line with overlap support to the 1st resistance at 13814 where the 61.8% fibonacci retracement, 127.2% fibonacci extension and 78.6% fibonacci projection are.
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13004 where the pullback support, 50% fibonacci retracement and 100% fibonacci projection are.
Fundamentals: Due to the House Speaker Nancy Pelosi's trip to Taiwan capital, Taipei, we have a bearish view on the DAX index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
FDAX UpdateLooks like it's headed to overbought possibly after US open, and a dip next week.
Closing all of my long positions today. Monday might be the peak, but the run is pretty much over after today.
DAX: Deep BreathDAX should draw a deep breath because it has quite the way downwards coming up. We expect the index to head for the support at 12425 points, crossing it to dive into the green zone between 12140 and 11150 points, where it should finish wave 2 in green. Afterwards, DAX should take off again, climbing not only back above 12425 points but also above the resistance at 13682 points. There remains a 33% chance, though, that the index could surmount the resistance at 13682 points earlier already.
DAX 4 hour : pick buy near 13300on cash DAX INDEX we have open gap on 12980 , so we can buy there (with low size and SL) and hold it to fibo 61% 13800 or above
note = dax can back to 16000 be careful from sell ,100% put SL
good luck
FDAX UpdateShifted my overlay a tad, it definitely looks like it's going to break through teh blue line.
Market probably gets pumptarded tomorrow.
FDAX UpdateTouching the blue trendline
Don;t know if it breaks through or gets rejected, but I think the gap direction depends more on META (FB) earnings
FDAX UpdateMFI dropped quite a bit, looks like it wants to go for the gap fill soon.
I moved the overlay, this is the bull case if the Fed pumps the market and META and AAPL beat on earnings.
DAX Pitchfork PlayIn this update we review the recent price action in the DAX futures contract and identify the next high probability trading opportunity and price objectives to target
FDAX Bull ScenarioQuite frankly I'm bearish on Europe fundamentals but the market has sown strength even while US tech stocks tank. We haven;t seen a huge gap down because Europe wants to go up.
Anyways, plotted the bull scenario. The bear scenario is obviously a tank, lol. For whatever reason, having no natural gas is bullish for them? LOL.
FDAX UpdateRolled over and down 1% but US futures are flat
Don;t expect a gap up tomorrow either with the ECB meeting coming up
FDAX UpdateProbably should've looked at this before close, MFI and RSI overbought and ECB meeting is Thu.
Definitely not holding any long positions tomorrow night, might even hold some calls Wed night for the dip on Thu
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
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.
