2014/03/10 Review: DAX after the daily, 2-hour, 30-min and 5-min squeezes have fired

German DAX - FDAX

As covered in this blog on Thursday March 6, 2014, the German DAX (FDAX) was setting up for a bigger move with multiple squeezes in place. In addition to a daily squeeze, the chart also pictured 2-hour, 30-min and 5-min squeezes. The expectation was that a larger move would occur. 

Have a look at the chart today and compare it to the post of 2014/3/6 (The grey areas of the chart indicate the time of the earlier post). It is clear that all three squeezes on the charts (see "Sq" in the indicator below) fired one after the other, resulting in a 300 point move south of the DAX. The five minute chart on the right shows only a small portion of that move so that one of the frequent 5-min squeezes could have been used trigger to enter into the large move. When entering in the trade, the TRIX and MACD indicators help finding the direction of the squeeze momentum.