DAX buyers wait in the "Blue Zone"

[phillo]

Note how important that blue zone has been in the past. More recently it has acted as support, so unless there's a rapid push down through it (note there was a rapid push up through it in the past), I would expect it to hold.  Clearly we have the Fed today and NFP on Friday so, anything could happen !                                                            

[phillo]

Also, try sticking a 150 EMA on a 4 hour chart and see what it looks like

[Caseynotes]

The 150 EMA, got it covered, it's right between the 100 and 200 both of which have been taken by the bears at the moment. That is a long drop below the 13171 zone though isn't it.

 

 

[phillo]

Update              Blue Zone Buyers

[Caseynotes]

Keep an eye on the daily chart which today was trapped between the 38.2 and 50% Fib level and unable to break down through the 13132 so the end of day bar looking like a doji (undecided). FOMC a damp squid, Yellen not willing to stake the rattle on her last FOMC mtg. 

A break up through 13271 or down through 13132 (both in purple) should set the general direction short term so after the break looking for entries on a lesser time frame in that direction.

 

 

 

 

 

[Guest oilfxpro]

Your technical analysis good , but do you guys make any money?

[Guest oilfxpro]

I am losing money on your analysis.I bought  Dax and it fell like a ton.I made money using my own system.

 

Now I can see why there are no live trades posted.

 

 

 

[Caseynotes]

Can't see any 1 hour bar close outside the stated Fib levels in my previous post. Why would anyone rush into buying a spike unless they were using the most recent high/low as real support and resistance levels, they aren't. 

 

 

[Guest oilfxpro]

where does this cloud appear from?  Water in the river of the trading gold mine does not require clouds in the sky sending gold  to the river , and saying I can only flood on you with water.

 

Your analysis is posted here.Please reread it, it does not mention clouds, if I am wrong please point it out.Please accept my apology if I am wrong.

 

 

 

 

[Caseynotes]

As usual I have no idea what (clouds) you are on, about. 

The levels marked were fine (yesterdays doji range). The push up was a stop run or just a failed breakout, call it what you will but the break below was real enough.

 

The pullback after the new low stalled at the 23.6 Fib level.

 

 

 

[phillo]

Well, there was  "a rapid push through"    !!!                        

[Guest oilfxpro]

Are you captain hindsight?

 

We can all see these hindsight analysis  ,which Casey is an expert on , and I have proved it with captain hindsight analysis.