easy money trading the beast.. looking for the catalyst today ( the interest rates ) :)
DAX soon flys like an eagle, with no fear! Testing the 10500-10400 it suddenly realizes it's just a chicken. You seen how chickens fly?
I've paused trading the DAX but can't help [ but notice it's price action on this rising trendline on the daily chart. Break below this and things will surely get interesting. At the end/top we have this triangle pattern.
Went overbought on 15min chart being flat...
Long term long still open but will scalp futures in the process.
Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart. Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
My analysis - bullish gartley pattern + symmetrical triangle .
Looking at 2 potential long opportunities on the DAX. This is just my basic analysis and can be best enjoyed with a 'Pinch of salt' and/or any left over Turkey from Christmas! Trade Option 1 - Trend Continuation MACD starting to indicate a move to the upside along with heavily OS RSI and Price Action currently sat on a prominent support level around 10680. The...
Forecasting an extended flat correction within the weekly trend. Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
After the never ending rally finally peaked, dax had a vicious decline yesterday. Volatility was very high, almost 700 points intraday range. The big question now is - is a more tradeable intermediate top in or not? In my opinion, the answer is yes, but we will not have confirmation until the market breaks down into an impulsive decline (5 waves). The strenght of...
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We appreciate your interest in our analysis, if you agree (or not) with our work, and would like to continue reading our opinions, be part of it with your "I Like"... Thanks you! SignalSuisse www.nonsolotrading.com