15-02-2018 DAX30 FTSE EuroStoxx Technical Analysis

DAX Technical Analysis

Morning traders. Strong bullish day yesterday, we actually had a bullish outside bar form on the daily chart, which we don’t see all too often. This bars can often form as part of a pivot component. So if we were about to reverse the trend from bearish to bullish, perhaps that will be significant. We will note that one.

The POC for yesterday seems to be an interesting spot to watch for a pullback today. Notice as well how we have taken out the exposed VPOC from last week? Let’s see if it’s the same for EuroStoxx.

We are running with the bullish idea today. On the 20 minute chart, you can draw a fork from three recent pivots (6/7/9 Feb swings) and you will see that price has bounced from the Lower Median Line Parallel and then taken out the previous high from the first Median Line touch. So for me, I’d like to buy from a pullback to target the major trend defining zone between 12575-12650.

 

15-02-2018 Dax Key Levels

KEY LEVELS
POC *12277
Value Area High *12394
Value Area Low *12199
14 Day ATR292.08
200 EMA12659
50 EMA12936
Daily R212682
Daily R112548
Daily Pivot12309
Daily S112176
Daily S211936
*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices

FTSE Technical Analysis

The FTSE is currently at the top of an Expanding Pivot formation and also trading just under a Median Line, so as Alan H. Andrews’ work says: prices will either reverse on meeting the ML or gap through it. We are watching for a reaction here.

Similar outside bar on the FTSE as well (yesterday), so if we gap through the previous median line, then I would be looking for the possible rise towards the major median line on the Daily chart. That opens up a swing position to the upside.

FTSE Key Levels

KEY LEVELS
POC *7213
Value Area High *7235
Value Area Low *7204
14 Day ATR125.62
200 EMA7411
50 EMA7477
Daily R27331
Daily R17293
Daily Pivot7217
Daily S17179
Daily S27103
*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices

EUROSTOXX50 Technical Analysis

The EuroStoxx50 has not taken out the previous Point of COntrol (as it had on the DAX) so we have divergence. This does not necessarily mean anything on its own, but it allows for a speculative long to assume that it follows the path of the DAX30.

I would like to see a retracement back to the POC from yesterday to target a long.

 

 

EuroStoxx50 Key Levels

KEY LEVELS
POC *3359
Value Area High *3390
Value Area Low *3354
14 Day ATR70.76
200 EMA3508
50 EMA3537
Daily R23448
Daily R13417
Daily Pivot3365
Daily S13335
Daily S23282
*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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