FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

out on dax at 12032 not hanging around

 

[Dentalfloss]

we had
12032 on dax
17856 on dow marked as res area
closed at those points..thought it would take a day or two to test these areas..but as we said..the recoils are fierce even though it is bearish
we should get more volatility now as the bulls need to be tested

 

[Dentalfloss]

spx
in the zone of res

i di this chart yesterday..did not post it

 

[Dentalfloss]

that is the overnight move on the dax
we were long at the open last night as we had posted that there was a recoil due
now we can track that latest move and pull out some bull test areas

scalp shorts in from the top on dow ,dax and spx

 

[Dentalfloss]

change the chart inputs and out come 3 possible supp areas
testing one now

 

[Dentalfloss]

the latest move on the dow since the open last night
areas to watch

 

[Dentalfloss]

spx

 

[Dentalfloss]

a decent 25 point bounce/dax on test of that supp area we said on the dax

 

[2be]

H4 current channel on DAX makes me to consider the following possibilities;

1st - to the middle of the channel then up indicated by green lines
2nd - false breakout to the downside and after that move to surpass the all time H
3rd - to continue down after the break out from the channel

There is a lot of time available to complete that retracement (EW4 of the smaller degree), I have had a look at the cycles including Delta cycles and have posted that count on the other thread few days ago.
Wander if the most likely is not the 2nd scenario, allowing for the Eastern break and taking into the account that in any case 4th EWs are difficult to trade.
On a longer TF after that move is done I expect DAX to make a major new H followed by a sizeable correction (Monthly chart)

H4 channel broken well, first morning breakout and away from the" US close" war zone and consolidation zone established last Thursday.
time for little break

 

[Dentalfloss]

spx

A decent move down to test that breakout point at 2068

 

[Dentalfloss]

the latest move on the dow since the open last night
areas to watch

a good move down to test that breakout point...bull test

 

[Dentalfloss]

into the US session
wires saying Yellen pulled up the markets
areas to watch

 

[Dentalfloss]

all falling nicely into place

 

[Dentalfloss]

can the bulls keep going ?
we have the retrace araes plotted on those latest uptrends
now we look for the signals

 

[Dentalfloss]

17930 area prev supp could be res
get thru first

 

[Dentalfloss]

into the 2084 area as we said..this where the bulls might leave..lets see
the high so far is 2082

 

[JER08]

"the horizontal count gives us about 17900", this will be the 2nd step if it gets there.
Agree that anything could happen, that's why i said it's one possibility

2nd step

 

[Dentalfloss]

2nd step

Yes

 

[Dentalfloss]

shorts in from that 2084
just out

 

[Dentalfloss]

shorts in from that 2084
just out

18k on dow/round number res