Dax Technical Analysis 23-05-2017

Dax Technical Analysis 23-05-2017

The Dax is currently bearish according to the recent daily fractal, so let's consider that. A swing-trade short from current levels doesn't provide an excellent reward to risk ratio, unless a trader wanted to target 12100, with a stop loss of 12900. Otherwise, an...
Dax Technical Analysis 22/05/2017

Dax Technical Analysis 22/05/2017

Regarding the technical indicators, we are above the daily 200 EMA but below the most recent daily fractal, so the signals are suggesting we should look at the lower timeframes for guidance. On the 5 minute chart we are above the parabolic SAR, but my current moving...
Dax Technical Analysis 19/05/2017

Dax Technical Analysis 19/05/2017

The hourly chart showed bearish divergence, go and check that out on your own chart, however the 15 minute chart suggests a potential break out setup. We are currently trapped between those two horizontal levels (12485 - 12650). A break above 12650 can open up a move...
Dax Technical Analysis 18/05/2017

Dax Technical Analysis 18/05/2017

The triple top on the hourly chart is compelling and will likely prove to be a new major resistance level. If price is seeking out the next major support level, we should look towards 12375, keeping in mind that there will be some traffic between 12400-12500. The...
Dax Technical Analysis 17/05/2017

Dax Technical Analysis 17/05/2017

The bearish view right now is to short from between 12760-12790, stops above 12840 and target 12620 or 12550 with partials taken at 12700, bears are expecting to test that level once more today. A range trader is selling between 12800-12840 and buying between...
Dax Technical Analysis 16/05/2017

Dax Technical Analysis 16/05/2017

On the 15 minute chart, a potential pullback zone is marked out with the Fibonnaci study. The Parabolic SAR is printing support around 12725, so I am bullish above that level and a retracement to the Fibonacci levels provides a half decent reward to risk opportunity....