Thursday, March 6, 2014

2014/03/06 DAX daily, 2-hour, 30-min and 5-min squeezes - watch out for a MOVE!

German DAX - FDAX
  



The German DAX (FDAX) is setting up for a bigger move with multiple squeezes in place. In the chart you find the 2-hour, 30-min and 5-min squeeze, but there's also a two-day old squeeze forming on the daily chart. The 30-min chart indicates one possible outcome for a move after today's ECB-decision at 13:45 CET , but a breakout in the opposite direction is equally likely. My approach here is to use the 5-min and 30-min squeezes as trigger to then  ride on the 2-hour and daily momentum of the move. 

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