Dax Technical Analysis 17/08/2017

Hello traders!

John completed a webinar with us this morning, so here’s the link to that:
https://vimeo.com/229950532/a28e31121c

Dax Outlook

Sell zone 300-340 or a more conservative zone 360-400

Buy zone 175-215 or a more conservative zone 140-180

We are currently trading inside a bullish channel and have made a higher low around 12220. If price tests or breaks that low, then first of all watch for traps. Sellers may jump in and find themselves in trouble as price reverses. Buyers may not be interested in buying high if there is not a huge amount of space to move into, so are waiting for a deeper pullback. The resistance above 300-336 is quite significant, so it’s likely a run up will be needed to take that out. The 120-180 zone is a large value area for this month, so price has been comfortable there, a pullback nearer to this level will allow buyers a chance to buy low.

Dax 250 Tick Chart

250_Tick_Chart
250_Tick_Chart

Dax 500 Tick Chart

500_Tick_Chart
500_Tick_Chart

The Indices

Indices
Indices

My Crypto Currency Portfolio

See the LiveRoom screens for more details, but I have moved some of my cryptos from the wallet into a BitFinex account, mainly for fun, to see what happens to some of the alternatives.

I do own some BitCoin and LiteCoin, but I have only used these in my portfolio for now:

 

IOTA 35 coins
Ripple 52 coins
RRT 1230 coins
 VALUE$127.40
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