Short here at 542.8... looks like bearish divergence. let's see. SL at BE
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DislikedShort here at 542.8... looks like bearish divergence. let's see. SL at BEIgnored
Dislikedshe is slow but consistent above the average....sometime means strength..Ignored
DislikedNoticing Cat's post yesterday about possible upside targets for the current rally in Dax got me thinking - thanks Cat! The heavy buying in the wide ranged red hammer at 1 started the move. At 2 there was another wide ranged high volumed day to break well above the 37 day POC level around which Dax has traded during that period. The small ( 26%) pull back allowed me to put on another set of fibs (gold) thus giving two sets showing a Boroden type confluence at its 1.38 expansion with the 61.8% retracement off the wider range.....thus a potential resistance...Ignored
Disliked{quote} Good afternoon, Captain Thank you for analysis. While the direction currently is up, one may note that DAX is above her 50 period, downward sloping, Bollinger band on the daily, and that both SMA100 and SMA50 are pointing down. {image}Ignored
Disliked{quote} I would comment that those MAs are both flattening and what significance - if any - you put on this observation.Ignored
DislikedAs the Dow pushes strongly north so far today, the Dax still looks to me like it's building for a fall. I'm watching particularly the 1m 200ema, because although the price dropped down to it earlier before rebounding off it at 9am London time, as the price has been struggling higher all day today, the gap between it and the 1m 200ema has been narrowing. From past experience of this sort of scenario is that the price will eventually find support off it again, rebound a bit, put in a lower high, and that could well be a good place to short, because...Ignored
Dislikedshe is slow but consistent above the average....sometime means strength..Ignored
Dislikedreversed to short 12547 as ema20 broke on the 5M chart, was long from 29Ignored
Disliked{quote} I'm with you there. I'm looking at SMA100 on the 100 tick chart, which is a reliable support in trends. It has carried the journey up so far today and yesterday, but is now breaking. As you say, a lower high might be a nice opportunity. {image}Ignored