05 Dax m5 Chart

Dax Technical Analysis 12/07/2016

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Hello traders!


Dax Technical Analysis Video

I will be creating webinar/live streams to form part of my analysis now, if it’s useful for me, let me know.


Dax Technical Analysis Summary

We have pretty much just touched the 10k level and I imagine many traders are now very pleased with themselves for reaching target.

S&P has just made an ATH creating quite the disparity between itself and the Dax. I just wonder how much further the Dax attempts to retest its higher levels.

We gapped open higher again today and continued with pretty strong momentum.

We have just taken out the 61.8% fibonacci retracement from the Brexit swing.

Short term (5 minute chart) we are bullish above 9780, but currently above the daily R2 on the pivot point indicator.

I haven’t been able to send any Premium Dax Signals today, because I missed the move this morning and have resisted the urge to jump in to a FOMO trade.

My RSI Expert Advisor is still currently set up on the bullish template of 90 40 with 8 periods on the 5 minute chart because Heiken Ashi on the 1 hour is still green.

Watch reaction to 200 day EMA!

Dax Support & Resistance

KEY LEVELS
Daily R29964
Daily R19874
Daily Pivot9754
Daily S19664
Daily S29545
200 Day EMA10056

Dax Charts

03 H1 Dax Chart
03 H1 Dax Chart
04 Dax m30 Chart
04 Dax m30 Chart
05 Dax m5 Chart
05 Dax m5 Chart
01 Dax Daily Chart
01 Dax Daily Chart
02 Dax H4 Chart
02 Dax H4 Chart