Dax Technical Analysis 14/09/2017

Dax Outlook

We are interested in a potential long from the previous rejection pocket at around 475-480 and also at Monday’s POC down at around 440. There are multiple levels of resistance forming in the 560-580 zone and the levels are explained from the 2500 tick chart in the video:

Fibonacci Extension target 12570
Reaction line 12573
Previous POI 12573
5th Wave

Do these levels suggest that we are ready to reverse? Possibly not, but it’s more likely that buyers are going to look to take some profits there. The longer targets remain in the 12800 zone, but the entry to reach that is the difficult bit to find. Scalp shorting spots exist and there are a few pockets exist to buy from.

Watch the video for more

Dax & FDAX Technical Analysis 14-09-2017

Subscribe to DaxTrader and Join The Community

We have a number of active members contributing towards the DaxTrader community with setups, charts and ideas. As a premium member you will have access to:

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.

The signals are sent directly to your phone using Telegram messenger and thanks to the platform we have built, the delay between me opening a trade and you receiving it to your phone, is around 0.6 seconds.

The Journal

This allows us to be transparent with our trading in terms of being disciplined and accountable. We keep records of the trades and signals we send, we provide context behind each trade, chart and reasons, trade management plans and updates here in the Journal.

The Charts (live)

I broadcast my charts for the majority of the day, which you can access and see what we are working on. The charts can be viewed from a tablet or smart phone as well as a computer

The Chat Room

Participate in the member’s chat room with charts and ideas, improve your own analysis and pick the brains of other experienced traders.

The Webinars

We have some excellent content to share in the webinars to help you understand the strategies and tools used by Dax traders. These strategies and tools are incredibly effective on the DAX and quite easy to start to understand. They don’t require expensive software either. The experience available in the webinars is excellent with guest webinars weekly.

[button link=”https://www.daxtrader.co.uk/dax-premium-trading-signals/” type=”big” newwindow=”yes”] Find Out More[/button]