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.
FDAX1!
DAX Competing Equality Objectives In PlayIn this update we review the recent price action in the German DAX futures contract and identify the next high probability trading opportunities and price objectives to target
FDAX UpdateOversold with a gap which is bullish but it also dropped back into the calendar year downtrend which is bearish.
I think it fills the gap then tanks again. Gap up and brief rally tomorrow morning is still my guess. Note I said guess.
DAX 4 hour : after pinbar comes on high time , pick buy dax fill gap now , now it is in buy area(above green arrow) , we can looking for buy now , we must wait OK verfy comes then pick buy (very low size) try hold it until 15000
OK = buy pinbar on 1hour, 4hour ,or daily chart appear or last upper trendline break by price in 5min chart
if you have buy , dont fear , be patient ( why you dont put SL in 4 hour last low)
if you have selk , close it now , wait for OK buy
goodluck
FDAX UpdateOversold on MFI and RSI
Probably gets a bounce tomorrow morning. Not shorting anything right now
FDAX UpdateRSI hit overbought with MFI divergence, index rolled over hard.
Bearish for the open tomorrow, guessing gap down regardless of what the indices do during the day
FDAX UpdateMFI looks like it wants to go oversold, that implies a gap down Monday.
I'm expecting the US market to bounce when the Euro markets close, but if you play the bounce don't hold over the weekend. Asia also looked weak last night.
FDAX UpdateLooks to me like FDAX is going to retest he resistance line.
No idea why Europe is so bullish, but they're driving this pump
FDAX UpdateBroke out and not overbought yet. Still guessing tomorrow is a gap up but it may whipsaw after because US indices are overbought.
I expect a dip when FDAX gets overbought, which is probably the same time the ES and NQ gap fills and RSI gets overbought on those as well.
Bullish until ES and NQ gap fill and also until FDAX gets overbought.
FDAX UpdateIndicators show no direction and it's right up against the calendar year trendline.
I'm taking a couple of days off, wasn't thinking very clearly this morning. If tomorrow is a green day then we probably see a rally for 2 weeks, if not then we're already pretty close to the bottom anyways. I'm too skittish for long plays, I'll watch.
FDAX UpdateSince someone asked....
FDAX indicators show no direction for Monday but I can't imagine it will break this calendar year trend next week.
In any case, keep an eye on BTC, if shit coin takes a crap I bet everything does next week.
FDAX UpdateIndicators in the middle, can go either way tomorrow.
Asia has been consistently bullish this week though despite the US tank
DAX H&SYou guys now I always track the DAX, something I just noticed.... it's got a head and shoulders pattern going on.
Keep in mind that Germany was in trouble before COVID, the only reason why it went up was because of negative interest rates. Now that rates need to go up, they're screwed. Positive interest rate is probably worse than COVID and Putin combined for Germany. Not to mention they have no gas now, lol.
Note: This is DAX ETF, not hedged for currency so the exchange rate in incorporated into the price.
FDAX UpdateLooks damn bearish and a lot of people are projecting that Putin will declare war on May 9th which is Victory Day (WWII) for Russia. I don't see Europe going up tomorrow morning if everyone expects Russia to declare war on Monday.
I don't recommend going long until ES1! and NQ1! go oversold on my short term chart anyways.
FDAX UpdateFDAX RSI hit overbought, so market looking weak.
Possible gap down tomorrow, feeling bearish at least for the open tomorrow. Not to mention Friday is usually the day fund managers re-align their portfolio and you gotta figure they're going to dump crap stocks based on what NFLX did.
DAX: Popeye ⚓️“I’m strong to the “finich”, ‘cause I eats me spinach”, that’s the motto of Popeye the Sailor Man. He gets strength from eating spinach, which he conveniently carries with him in cans all the time. DAX has also taken a mouthful from the green spinach can between 13981 and 13385 points to gain strength for its long way upwards. We expect the index to surmount the mark at 14663 points soon and to continue the ascent above 16295 points from there.
FDAX Touching oversoldFDAX now touching oversold
BTW, that's not a real gap, the website is missing data for a few hours. Problem appears to be fixed but they never filled in the missing data.
DAX 300point Equality Reaction, What Next?In this update we review the recent price action in the DAX (futures contract) and identify the next high probability trading opportunity and price objective to target.
FDAX UpdateMFI moving up, expecting it to hit overbought, it's gotta at least back test the old support
This is why I think gap up tomorrow, maybe a dip on Thu and we're probably back to having Ponzi Fridays again based on last week.
I could be wrong though, but I'll be looking at some garbage to short tomorrow afternoon if FDAX gets overbought.
DAX: Step by Step🪜Currently, DAX is neatly following the step-by-step plan we calculated for it. The index has touched at the white strip between 13404 and 13225 points and has already started to move upwards, crossing 13782 points. Although it could still go back into the white strip more strongly to complete wave (4) in white, it could be finished with it just as well and could directly continue its way to the upper white zone between 14319 and 14589 points. To achieve this scenario, though, DAX must not fall below 12425 points. Otherwise, it would have to make a detour through the lower green zone between 12074 and 11776 points first. There is a 30% chance that this alternative scenario could come true.
FDAX UpdateHuge pump, much bigger than I expected otehrwise I would have gone long, lol.
In any case, not overbought yet, looks like tomorrow
FDAX UpdateFDAX went oversold on RSI and MI, so high gas prices or not, their algos have to pump. Not expecting a gap down any time this week and bailed out of my puts this morning on the dip.
Even if the US market goes down, it would have to do it mid-day. Might take a few days off until FDAX is done pumping, no desire to hold long positions overnight.
