12-02-2018 Dax Technical Analysis

Good morning traders. Is that Bullish Divergence on the DAX? And a gap higher this morning? If so, then we have an opportunity to look for longs (counter trend – fade) towards the 12400-500 zone or even a test of the 12650 major trend defining level.

The trend remains Bearish below 12650. Short-term buy zones could be in the 12200-12250 range and sell zones around 12350-13400.

12-02-2018 Dax Video

In the Premium Webinar this morning we started with the DAX and FTSE and then updated all the 25 forex, index and commodity charts, looking for setups to trade. This was a quick summary of the DAX and FTSE analysis.

12-02-2018 Dax Charts

12-02-2018 DAX TPO

We are trading above the Value Area High from Friday. We are inside the Low Volume Node from Thursday so  I am watching for a retracement to the first naked VPOC.

12-02-2018 DAX Five Minute Chart

These expanding pivots have broken higher with the gap this morning. We have tested the top of the line, but a bait of that area may provide another opportunity.

FTSE Chart

Bullish divergence on this one too. Price has just reached the median line so we are watching for whether this reacts to that line, or expands through it towards the upper median line parallel.

Euro Stoxx Chart

And again, Bullish divergence here too

12-02-2018 Dax Key Levels

KEY LEVELS
POC *12212
Value Area High *12264
Value Area Low *12074
14 Day ATR278.98
200 EMA12669
50 EMA13012
Daily R212528
Daily R112372
Daily Pivot12139
Daily S111982
Daily S211749
*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices

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