Dax Technical Analysis 29/04/2015

Good morning traders!

Reviewing the major stories, the Greek economy states the country are near to an agreement with lenders, despite the difficulties. Greece will likely remain part of the Eurozone. But yesterday we saw nearly all of the gains from Monday wiped out and bring us back to square one. So after an excellent Monday yesterday was… disappointing.

I am still Bullish above 11574 and will continue to buy until that levels disappears.

My Trades

To see full details of my trades, follow this link

19 signals generated yesterday, 5 trades taken from those signals, 1 trade opened myself.

18 trades open right now (details below)

2 closed today (details below)

To follow the signals, follow the twitter account below

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Open Positions
Open Positions
Closed Positions
Closed Positions

Dax Support & Resistance

KEY LEVELSDifference
Daily R212180-68
Daily R112001-118
Value High1195933
24hr VWAP11889-22
Daily Pivot11871-53
34 Hour EMA11869-29
Naked VPOC1180727
Value Low117453
Daily S111692-103
Daily S211562-38
200 Day EMA10570-29

Dax Chart

The four hour chart on the FXI indicator (click for more details) looks like it is now back under control after piercing the topside. The 30 minute chart shows a buying signal and the oscillator on the daily chart is now providing a buying signal too.

1Dax - FXI Indicator
1Dax – FXI Indicator

The 11574 is still the key level that I am watching

2Dax Daily Chart
2Dax Daily Chart

We are trapped between support and resistance on the 4 hour chart, waiting for a break

3Dax Intra-day Chart (4 hour)
3Dax Intra-day Chart (4 hour)

We need to break the .618 fib level of 12105 to resume the move up

4Dax Intra-day Chart (30 minute)
4Dax Intra-day Chart (30 minute)

Short term bearish on the 5 minute chart below

5Dax Intra-day Chart (5 minute)
5Dax Intra-day Chart (5 minute)

There are a couple of low volume pockets on the distribution which could provide quick points if we enter them.

6Dax Volume Profile Chart (5 minute)
6Dax Volume Profile Chart (5 minute)
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