Dax Technical Analysis 02-06-2017

Dax Technical Analysis 02-06-2017

We have been watching for a breakout of the hourly range for a few days, this morning, on open, it happened. I was not holding any position overnight and so I caught nothing of the move. 12835 seems to be the obvious target and I suspect that we will be taking that...
Dax Technical Analysis 01-06-2017

Dax Technical Analysis 01-06-2017

Most notable is the piercing of the Bollinger band from yesterday, which was also at the same time as a bearish divergence signal and touching range resistance. Three pretty compelling technical signals. A re-entry back through the Bollinger band (in hindsight) was a...
Dax Technical Analysis 31-05-2017

Dax Technical Analysis 31-05-2017

Keep an eye out on the developing head and shoulders pattern from the daily chart. Especially if we break below the low from yesterday and continue to forge lower lows. This pattern would suggest a bearish reversal. Moving down to the hourly chart, we remain trapped...
Dax Technical Analysis 30-05-2017

Dax Technical Analysis 30-05-2017

We had very thin volume in the market yesterday, thanks to the holiday in the UK and US. So the Dax futures market continues to move sideways for now. The buyers seem to be defensive at the moment and there are some technical indicators beginning to offer signs of...
Dax Technical Analysis 29-05-2017

Dax Technical Analysis 29-05-2017

The levels I have been watching are a break above 12720 or a break below 12540. We did pierce below 12540 on Friday, but the price almost immediately reversed to remain firmly within the range. So these levels can now be replaced by the range levels from the hourly...
Dax Technical Analysis 26-05-2017

Dax Technical Analysis 26-05-2017

Let's come back to this hourly chart and watch the trend line break. If this setup plays out it will great for that trade we discussed. I have drawn out a couple of zones. The support zone is a good target for shorts. The resistance zone, has been a support level in...