Dax Technical Analysis 05/10/2017

Dax Technical Analysis 05/10/2017

Dax Outlook

The DAX reaches all-time highs and closed at the highest level that we have ever seen. This may be new territory for the DAX, but it’s a common site across the Atlantic. Therefore we can not be surprised. We are very close to completing the move towards 13,000 and continuing the incredible bullish momentum. The trend is a trend until it isn’t.

We need to be aware that the current price action leading into the close of the session began to look heavy. So there is a real possibility of a reaction into the end of the week.

Extended bullish targets 13400 and pullback targets are 12500. For now the bullish trend continues, we intend to follow it until it breaks.

Yesterday in thr webinar we talked about two standpoints

  1. Be conservative, because the move has already happened and there’s no point in buying at the top.
  2. Be aggressive and find spots to continue to work with the trend until it isn’t there anymore.

I spent the majority of September being conservative, so it’s very easy to now want to be more aggressive. There are plenty of opportunities at the moment. In the webinar we pointed out a couple of those opportunities, so be sure to tune in for the webinar today. It will be around 9:30am UK time today and 8:30am on Friday.

Dax Levels

 

KEY LEVELS
POC (Futures)12910
Value Area High (Futures)12945
Value Area Low (Futures)12892
14 Day ATR77.52
200 EMA12084
Daily R213028
Daily R112985
Daily Pivot12939
Daily S112896
Daily S212849
*Please be aware that FXCM can often be 5-10 points higher than futures prices

Dax All Time High

 

Dax Signal

Come and join the broadcast channel to get more of these examples. This example worked out well, despite price action threatening to break lower after closing the gap opened up first thing in the morning

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Live Trading Signals

When a trade is opened on my account, the information is shared directly to the signals channel with information including the entry, the stop loss, the target and the date/time. Premium members get access to DAX, FTSE and occasionally S&P500.

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Setting Up Telegram

(If you have already completed the following steps, please ignore this section)

  • Please download and install ‘Telegram’ messenger from Telegram.org (mobile app and desktop software available)
  • Add DaxTrader +447 912 682 257 to your contacts.
  • Go to the Telegram settings and create a username.
  • Send a message (on Telegram) to DaxTrader.
  • For your records, @daxtrader is the username to contact.
  • Click this link to access the broadcast channel: https://t.me/joinchat/AAAAAEAypsW3Xet_6ngBlw
  • You will receive further instruction to access the signals channel

 

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