Dax Technical Analysis 20/05/2016

Dax Technical Analysis 20/05/2016

[wp_ad_camp_1] Good morning traders! Let’s start with analysing yesterday and try and understand where we might be heading. Yesterday we printed a bearish engulfing candle on the daily chart and if we look at the last six candles, we have 4 bearish candles, 1...
Dax Technical Analysis 18/05/2016

Dax Technical Analysis 18/05/2016

Hello traders! We saw a decent gap higher yesterday when the market opened after the long weekend and this tempted quite a few buyers to go long, including myself. We then rolled over and eventually closed out lower completing a pretty bearish looking candle. We are...
Dax Technical Analysis 17/05/2016

Dax Technical Analysis 17/05/2016

[wp_ad_camp_1] Good morning traders, I hope you enjoyed your weekend. I took advantage of the Dax being closed yesterday by having a day away from the markets. It’s very difficult to do that sometimes, as a trader, as it’s very easy to get wrapped up in it...
Dax Technical Analysis 13/05/2016

Dax Technical Analysis 13/05/2016

[wp_ad_camp_1] Hello traders! I have been writing recently that we are still technically bullish, because we have been inside the bullish trend channel on the daily chart. But of course we have had some bearish warning signs recently and no more so than this morning....
Dax Technical Analysis 12/05/2016

Dax Technical Analysis 12/05/2016

Hello traders! Yesterday we completely engulfed the previous daily candle, closing at the bottom of the price range and threatened to continue to move down early this morning, as we carved out our current day low at 9864. We are still bullish above 9750, but that was...