Jump to content

Recommended Posts

Both dow and dax charts showing interesting On Balance Volume divergences.

 

dax daily chart

dow 4 hour.

 

GER30(£)Daily.pngUS30(£)H4.png

Share this post


Link to post

Another big drop happening. Dow just broke down through the 23.6 Fib (23942), and now looking to recapture. Dax finding support off 23.6 Fib level (12160). Dax following Dow.

 

US30(£)H1.pngGER30(£)H1.png

Share this post


Link to post

Very much a picture perfect example of a head and shoulders pattern on the Dow yesterday including a battle over the neckline and a measured move down (head to neckline = neckline to target).

 

US30(£)H1.png

 

Share this post


Link to post

Indices totally reliant on Trump tweets for direction now, should be starting up shortly :smileyhappy:

 

indy1.PNG 

Share this post


Link to post

Dow has moved higher through the day dragging Dax with it, Dax now approaching the post gap high and strong resistance. If the upward momentum continues into the US session could see a clear break for Dax.

 

US30(£)H4.pngGER30(£)H4.png  

Share this post


Link to post

Dow thinking to retest breakout level around 24674 while Nikkei itching to break out up past 21957.

 

 

US30(£)H4.pngJPN225(£)H4.png

Share this post


Link to post

Nikkei breaks upward, now dax testing strong resistance with clear space beyond.

 

JPN225(£)Daily.pngGER30(£)Daily.png

Share this post


Link to post

aus plays catch up, dow and nikkei form a flag and dax trips over the line for a foul. Barring WW III the mood remains bullish.

 

indy3.PNG 

Share this post


Link to post

 Indices looking to secure support and bounce back after a day of pullback.

 

 

indy4.PNG

Share this post


Link to post

Just comparing the weekly charts and noting they are all at about the 50% retracement of the big move down from January and for dax and nikkei this was as far as they got on the first attempt to bounce back.

 

 

indy5.PNG

Share this post


Link to post

DAX has made quite an effort to get up this far, may need a restCapture dax.PNG

Share this post


Link to post

Both dax and nikkei still nudging resistance (not forgetting the ECB rate decision and presser on Thursday) but dow remains undecided and cautious.  

 

 

indy7.PNG

Share this post


Link to post

#DAX   at quite a level   Capture dax.PNG

Share this post


Link to post

DAX  another way of looking at it                        Capture ddaaxx.PNG

Share this post


Link to post

it really was "Quite a level"   - great rejection   - DAX

Share this post


Link to post

Dow lead the charge down yesterday and now looking to confirm support as nikkei looks to lead a charge back up.

 

 

indy8.PNG

Share this post


Link to post

Dax, break out of either 1 hour resistance at 12466 or 1 hour support at 12417 should lead to further gains though multiple support at 12375 may cap the downside.

 

GER30(£)H1.png

Share this post


Link to post

Dow daily running up to down trendline resistance but note this push up is from mid triangle and a higher low so maybe positioning for a break to the upside. While dax pressing on stubborn resistance.

 

Dow daily, Dax daily and 1 hour.

 

US30(£)Daily.pngGER30(£)Daily.pngGER30(£)H1.png

Share this post


Link to post

Dax and nikkei back up to the weekly chart resistance while dow takes another look at the trendline.

 

 

indy.PNG

Share this post


Link to post

ASX was out of step as  says in the ASX thread, the dow took a dive in the US session while dax had a dull day and remains loitering about the resistance level.

 

 

indy.PNG

Share this post


Link to post

Dax goes it alone and breaks up past the weekly chart resistance level  12610  and heads for the 61.8% retracement of the down move at 12870. 

 

 

GER30(£)Weekly.png

Share this post


Link to post

Dow and nikkei looking to bounce up off support while dax flies the flag having finally beaten that weekly resistance level. ASX ploughs through weekly resistance but has monthly just ahead.

 

 

indy.PNG

Share this post


Link to post

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      5,852
    • Total Posts
      25,307
    • Total Members
      31,480
    Newest Member
    Sukima
    Joined 12/12/18 08:08
  • Our picks

    • China to cut US car tariffs from 40% to 15%- EMEA Brief 12 Dec
      Asia stocks were higher Wednesday morning; Nikkei 225 rising over 2%, ASX 200 up by 1.25% and Hang Seng Index around 1.36%. This was followed by the news of China to cut US car tariffs from the planned 40% to 15%, the same tax charge on car imports from other countries
      • 0 replies
    • The pattern continues - APAC brief 12 Dec
      The pattern continues: Wall Street indices have been swinging about madly again. The pattern continues: an open, a rally or fall, then a retracement or recovery. Today we’ve had an open, a rally, then retracement, then a recovery again. There were stories behind this price-action. Everything that happened overnight appeared perfectly explicable. One wonders though if the swings in trading activity are being overly attributed to headlines. Or perhaps it’s the case that higher volatility and sensitive nerves are leading to accentuated moves. Whatever the cause, fundamentally, the bears still have control of the equity market. There is a softer intensity to the selling on Wall Street this week. However, with the extremeness of last week’s moves having not been unwound yet, what we are seeing is sellers piling in on top of sellers, bit by bit.

      ASX200: SPI futures have turned positive, after oscillating wildly during the overnight session. That contract is indicating a 17-point jump for the ASX200 at time of writing. Yesterday was a tepid but respectable day for Australian shares, managing to muster a 0.4 per cent gain for the day. Volume was slightly above the 100-day average and breadth was okay. Growth stocks led the charge, following US tech’s gains the night prior, with the health care sector up 1.7 per cent, courtesy of a strong bid for CSL and ResMed. The materials space was the biggest points score for the index, adding 8 to the overall index’s performance. The trend is still down for the ASX200, as it is with global equity indices presently. However, yesterday’s daily candle, combined with a bullish divergence on the RSI, suggests some buyers are re-entering the market in the short-term, potentially offering temporary upside to ~5700.
      • 0 replies
    • Trading in Asia was mixed as US shares stabilized overnight. In the meanwhile, the ongoing discussions between China and the US adds uncertainty.
      • 0 replies
×