Daily tf on The DAX showing a promising Z-Line set-up.
Depending on how much oomph we have to reverse today's hefty drop, it may not not come into play until the day after.
Also depends on how much we could potentially gap up overnight.
Could get funky.
Daily Forex Trading
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- LeMercenaire
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Re: Daily Forex Trading
Looks like it'll be tomorrow before (if) price gets back up there.
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Re: Daily Forex Trading
LeMercenaire wrote:Looks like it'll be tomorrow before (if) price gets back up there.
Yep, never made it all the way. It's kind of getting confused in there now, as a large Demand Zone is coming into play while the overall Directional Bias is still Short.
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Re: Daily Forex Trading
''Yep, never made it all the way. It's kind of getting confused in there now, as a large Demand Zone is coming into play while the overall Directional Bias is still Short.''
Well, we got the bounce out of that Demand Zone!
In this view, I have added the Daily Z-Line mentioned above as the short, thick, blue line. Around 12440.
Well, we got the bounce out of that Demand Zone!
In this view, I have added the Daily Z-Line mentioned above as the short, thick, blue line. Around 12440.
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Re: Daily Forex Trading
12440.
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Re: Daily Forex Trading
Still dropping...
- LeMercenaire
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Re: Daily Forex Trading
The above would obviously have been a lovely 1-2-3 Short as well.
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Re: Daily Forex Trading
Tiptoeing along the reverse line now...
- LeMercenaire
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Re: Daily Forex Trading
Closed below - next stop the DPV...
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Re: Daily Forex Trading
This could be interesting. Another rebound, or a push through? Is there any time left this week to find out?
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