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Daxlong

Are BULLS finally taking over?Hello everyone, today I would like to point out this situation on EUREX:FDAX1! and the fact that we are breaking the triple top from previous weeks. We could see on the chart that buyers were trying to push the price higher and eventually they did. The next resistance I can see is around 11 876 EUR so we have some space for uptrend in following days. The most important information would be today's close price. US session is about to start, so we will see what it is going to do with DAX but in general if the price stays above 11 250 EUR, we can look for some nice longs. ;-) Good trading, guys! John FINEIGHT Team
EUREX:FDAX1!Long
by Fineight
DAX analysis for 9.4.2020Hello, yesterday EUREX:FDAX1! tried to go lower several times during European session. Sellers were more aggressive than buyers as you can see from the chart. When the price was going down, the movement was much faster than when it was coming back up. But eventually they were not able to break the pre-market low and the price went higher in the late afternoon. Today DAX might continue to grow, so we are going to be looking at some lower time frame confirmation and opportunity to get in. Have a nice day! FINEIGHT Team
EUREX:FDAX1!Long
by Fineight