The Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market. I do believe that this will cover the gap and then begin moving downwards. I have set a very short SL and have a very healthy 2.38:1...
Very important support at 9.900 with the RSI-14 oversold. Possible to go up to the 10.000 again
Today is NFP day, I wait for further confirmation.
Update on previous post : price got too far ahead of itself before Thursday ECB news. They can`t hold this in a tiny range below 10000 forever without looking totally manipulative / algo-driven, so now we have at least SOME movement.
Is the DAX 30 Index following DJ 30 Index ? Is the DAX 30 Index breaking up the Ascending Triangle ? See the links below.
Based purely on technicals, the DAX has run out of steam and has been going sideways all year. Short around here (9600 level) for a trade target of 9200 Cheers