Potential resistance this morning on Dax around R1 640-650, and above that R2 @ 690.
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Disliked{quote} Agreed. My take on it is that the bulls are going to hammer the upside of this channel until it breaks. Below a 5 minute chart with an 80 period 0.25% envelope. {image}Ignored
Disliked{quote} We'll see. Dax heading now for R2 @ 690-700 which for me is a massive resistance level and a great sell opportunity if it gets there and stalls, in fact, anywhere from here ( 655 ) with a confirming signal.Ignored
Disliked{quote} Not sure what DAX has got to do with it. 26200 before the end of the day? The sell level is the one in the chart below, methinks. {image}Ignored
Disliked{quote} I was just adding that to the post independently rather than posting again, so wasn't meant for you.Ignored
DislikedMy sense of what's going on is that SMA200@1h is sloping down a bit too much for sollid buying from this level. I guess SMA100 needs another visit, and from there the rocket will take off and fly through SMA400@1h = SMA100@4h. But I've been wrong beforeIgnored