Dax Technical Analysis 02/06/2016

Dax Technical Analysis 02/06/2016

Looking at the technicals, we are short-term bearish below the yesterday morning high of 10285 and sitting at the top of the mini trend channel looking to decide the next direction. If we break the afternoon high of 10220, price will look to head up to test 10285...
Dax Technical Analysis 31/05/2016

Dax Technical Analysis 31/05/2016

My outlook is still bullish, although I currently have no trades opened (I also opened no trades yesterday), so I am looking for opportunities to buy again today. So a break above 10350 is interesting to watch for, a pullback to any of the various levels of support...
Dax Technical Analysis 25/05/2016

Dax Technical Analysis 25/05/2016

I am watching for an entry near to the 10135-10150 zone as an opportunity to go long. If we get a wider pullback, then the move started down at the daily S1 yesterday, which was around 9775 (the bottom of the recent range - a cynical trader/conspiracy theorist may...
Dax Technical Analysis 24/05/2016

Dax Technical Analysis 24/05/2016

The Dax can be summarised by a technical chart formation at the moment and that is descending wedge formation, and this becomes especially apparent on the 4-hour chart. The descending wedge formation is a bearish continuation pattern.   Please Login or Register...
Dax Technical Analysis 20/05/2016

Dax Technical Analysis 20/05/2016

Let's start with analysing yesterday and try and understand where we might be heading. Yesterday we printed a bearish engulfing candle on the daily chart and if we look at the last six candles, we have 4 bearish candles, 1 bullish candle and then the 1 bearish...
Dax Technical Analysis 18/05/2016

Dax Technical Analysis 18/05/2016

We saw a decent gap higher yesterday when the market opened after the long weekend and this tempted quite a few buyers to go long, including myself. We then rolled over and eventually closed out lower completing a pretty bearish looking candle. We are now gaining...