Dax - Daily analysis and Discussion

Looks like she's dancing for you

My shorts are now at B/E. If she comes higher will resell.

See? It's the market.
We two could both make money... if we follow “our” move and trade well and correctly. ROFL
Bulls make money and bears make money.
Are the pigs that are slaughtered!!!!
Look at the Low and obey. I say it again. (and I'm still a bull... until valley taken!)

Out at B/E. That little M5 flag hasn't broken down. Will wait for further opportunity later.

Yep. "Ours" is the only thing we must follow

I'd put the accent on "well" and "correctly"... but that's OK.

It's significant that the 30m 200ema support I noted earlier held on the retest. The fibs should now give us some idea of upward levels to watch, because I feel that this bullish hegemony we've had since she rose off of the Daily 200ema at the beginning of the month is breaking down, but it's a slow process. Fib levels are 50% @ 551; 61.8% @ 551; 76.4% @ 564.

If trading Daily, 1264 needs testing. Whether or not it can incur enough buying up to there at this point remains to be seen.
There's fresh M30 demand just printed but that for me isn't significant without a new high.
Only TF still looking relatively clear my side is M5.

It is this fierce battle that is "freezing" the scenario.

D1. Big W against Big M... in an hard face to face.

M1. Big W against 3 Buddha... hard face to face again .... 552 balance line.

H1... all the last move could be read as false break... but bulls are builing a "stable" base!

Not so easy. I just follow. And don't think. More than usual I just obey. No bias at all.

Ger30Dec (m15)

this is a map of mine ...
wave 5 conclusion (b5's)


P.S.
... a(c) wave waiting ...

On a daily basis we are in the middle of nowhere .
Personally I look in these cases at lower timeframes.
For today I refer to the trendlines shown in the 15m chart.

Problem with these M5 zones today is that they're not being tested and so are a bit "scalpy".
Couple of shorts locked in, letc..

Closed first at 1R. Can't be bothered sitting on all and not getting pipped up for some.

wtf just happened?
and not only DAX, but currencies as well

edit: i guess https://www.forexfactory.com/news.php?do=news&id=700438 seems to be algo tweet...

Stopped at cost on 2nd position.
Done with the Merkel today, gonna return to the currencies.

Dax is more like a Ferkel today ...

This is my view after the day on the battlefield.

Yesterday we had this strong rejection that has left this strong bearish candle in D1.
Five days without a new high could be considered a Bearish signal. (cat you are perfectly right)
Consequently we had this open on m5, today... with a strong rejection of the Central Pivot Point.
We are now below the Initial Balance.
And legitimately the Bears are forcing the down move. They have all the psychological reasons....
The Bulls are fiercely defending the Support (clearly the Yesterday Low)
but, at the same time, they are not able to re-enter the Initial Balance, until now.

This PA created the sentiment and the general retailers' opinion. (they are all on short positions as per FXCM SSI)

Fact is that, to talk of reverse to the downtrend, we need a LH and a LL...
So far in H1... we have a LH but not yet a clear LL.
Previous Low was breached, actually. But without a close below so far.
That I that.
Moreover... the retailers stop losses above the price are now really attractive for the price.
So a possible retest of the high is still on the table.

Even if we wanted to considered that previous valley as "Taken"... in this condition a retest of the high is, nowadays, “normal”!

Trade carefully and be safe.

I think the 5th one ( the last one) ...
... starts lower@12495_12500 about


P.S.
this is the last of 3co (5's)
...maybe(breakeven)...

She's dancing left foot today

Yesterday I published the "Rationale" of my Trading Day on "Carpe Diem"...
Today I'll post here.
Very short. No comments.
This is the H1 with its sma50.

I defined that Support as "The Absolute Perfection."

https://candlecharts.com/candlestick...indow-pattern/