Dax - Daily analysis and Discussion -
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thread: Dax - Daily analysis and Discussion

  1. #11
    Junior Member lasq111's Avatar
    17
    De30 17 BE 1
    Renko 3

    Waiting day, with markets seems looking at FOMC Statement to take a decision.
    For me personally only two transactions now.

    On higher Renko charts we could se the supports @ BRN 13150 and 13100 are nicely supported from Emas, and cycle indior are beginning a new upward.
    However, when it'll happen is hardly to say.

    For now we've just to see whats occur.

  2. #12
    Junior Member elenalopwz_'s Avatar
    19
    quote Really!
    If 240/250 zone (8 dec highs) holds I guess we will see at least 300 in US session.

  3. #13
    Senior Member ouuhyeaah's Avatar
    155
    H1 200ema R holding the price @ 13,060, and over the 90m 200ema continues to be a powerful R degree for some days already. The 76.4 percent fib sits on the R1 @ 090.

    Support hard to determine atm, but I've a level @ around 12,932 that is between the S1 S2 if it can get down there.

  4. #14
    Senior Member ouuhyeaah's Avatar
    155
    It's back up near the top of the range ( see my previous article) and 135 - 150 should be a fairly strong R area. The rebound this morning was away from the 61.8 percent from Friday's low, so no surprise there. Atm it is up about the 76.4 percent fib from Friday's large, which could cap it, or it may make a push towards today's R1 @ 160

  5. #15
    quote nicely completed driver 55. I was also short on Dax and FtseMib but suffering somewhat, and now it's okay What caused this abrupt collapse of shares?
    Look @ Nasdaq (F.A.N.G equity)

  6. #16
    Senior Member ouuhyeaah's Avatar
    155
    For all those not too familiar with the Dow, big pips could be forced trading it, but frequently technicals go out of the window as it's a habit of rallying tough out of nowhere, especially of late, so be careful.

  7. #17
    Senior Member ouuhyeaah's Avatar
    155
    Just didn't have the legs to get over my 90m 100sma that's just below the current 61.8%. You never really know as yesterday push up was held with the MA, but in the next time of asking, the price smashed straight through it.

    I do not think we'll see exactly the exact same today. And I think the support with this down drive will probably be at around 180 if it has there, perhaps 162, but lesser than that will surprise me, unless there's some news release that compels the markets down. Neither do I see a return to the high of today.

    As always, this is only my take on things, and that I could be completely wrong.

  8. #18
    Senior Member ouuhyeaah's Avatar
    155
    Morning Daxers!

    I have potential resistance ( R ) with this current up movement at approximately 280-290. I think that it may hold, at least briefly. It comes down a bit, and if it doessupport the CP @ 262 is a possibility around, and also lower the 30m 242 that supported the price in the Asian session. We have the capability. More later.

    God luck!

  9. #19
    Senior Member elaydora's Avatar
    116

  10. #20
    Senior Member ouuhyeaah's Avatar
    155
    quote Why not also trade the Dow from the day?
    Oh I do, not always , but frequently.

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