Dax Outlook Bearish below 12250, potential rally to a sell zone 12100-12200 is interesting. Yesterday we took out a Point of Control (POC) from the 11th August and price made a lower low as it continued the technical downtrend. The trend defining high is currently...
It was a bank holiday yesterday here in the UK, so as a result, I decided to take a rare break from the screens and spend some time in the New Forest to enjoy what could well be the very last summer time weekend of the year. That doesn’t necessarily mean that it...
Dax Outlook One of the last, if not THE last, summer Friday of 2017. We are trapped in a range, based on the trading activity over the last three days. It’s possible that we are slowing down into the Jackson Hole speeches. It’s possible that it’s...
We are currently forming a triangle on the Dax with lower highs and higher lows. This pattern suggests price is coiling up like a spring, building energy for a break. Right now, we are trading close to the middle of that triangle which tends to be no man’s land,...
Dax Outlook The market is currently rotating between the major levels of 11943 and 12335 Long term bearish below 12335 and short term bullish above 12105. There is a large low volume area directly below current price action (12220 at time of writing) which would...
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