It looks like DAX is moving in rising wedge. Top is very close and I see target at 11800-11900 area. After that I'm expecting bigger correction or even huge impulse down. So my plan is to short at this level. Will see...
$dax, I would like to see this consolidation on this box and retest to break the 11692.50 levels, breaking this level would be a high probability to hit the 11900ish :-)
The index is still on a long term recovery within the 1D Channel Up (RSI = 58.547, MACD = 106.300, Highs/Lows = 0.0000). This time however 4H is on a Lower High sequence with 11,400 supporting this fragile set up. With the price already rejected just below the 11,686 - 11,838 1W Resistance Zone, we are expecting a stronger correction if 11,400 breaks. TP1 =...
El cierre de GAP, muestra el inicio del cambio de la tendencia, en este caso venia de tendencia alcista y son los últimos coletazos, antes de tomar la tendencia alcista.
Este tipo de GAP afianza el movimiento del mercado y la tendencia, en el ejemplo se ve como pase de un mercado lateral a marcar el sentido del nuevo movimiento bajista.
The index is trading on a 4H Channel Up (RSI = 69.786, MACD = 72.000, Highs/Lows = 56.2642) that has crossed into the overbought zone (STOCH = 95.784, STOCHRSI = 79.387, Williams = -3.343). Since the price is too close to the 11,570 1W Resistance, we will take this opportunity to go short and target the first Support on 1D = 11,300. This is where the 1D Channel Up...
Feb20: Todays volume was little higher than yesterday.
The FDAX was able to overcome very important resistance levels at 11384 Feb04 / 11383 Oct03. This is short term a bullish behavior. Could we today see a re-test of the 11383/11384 area or a bullish run to 11569/11683?
Feb19: The close is mid-range and the volume was low. We can see a little spring above the...
Feb18: The progress to the upside on Friday was significant. Friday’s action took price close to the important weekly resistance at 11383 (weekly low Oct08). A reversal and close below Friday’s low at 11012 is the first prerequisite for a reversal of the immediate uptrend.
Feb19: The close is mid-range and the volume was low. We can see a little spring above the...
Monday's volume in FDAX was much lower, because the American market was closed because of a holiday.
The FDAX was not able to rally above the weekly resistance from Oct08 at 11383.
A sell off below 11012 / 10967 is needed to reverse the short term uptrend.
RSI (14) is not crossing above 60.
Feb18: The progress to the upside on Friday was significant. Friday’s action took price close to the important weekly resistance at 11383 (weekly low Oct08). A reversal and close below Friday’s low at 11012 is the first prerequisite for a reversal of the immediate uptrend.
Feb18: The progress to the upside on Friday was significant. Friday’s action took price close to the important weekly resistance at 11383 (weekly low Oct08). A reversal and close below Friday’s low at 11012 is the first prerequisite for a reversal of the immediate uptrend.
Fundamentals:
- eco data clearly on the soft side (fear of technical recession becoming reality)
- low int. rate environment - hurting EU financial sector
- wage growth pressing company margins
Technical:
- weekly 20 & 200 MA confluence was a strong resistance -> reason to close long positions
- broad channel pointing lower -> price below 10.000 level is on the table
Tenemos el futuro del DAX en la parte baja del canal alcista que ha formado en timeframe de 1 hora, puede ser buen momento para tomar posiciones a largo con un stop loss ceñido por si se gira el mercado.
