thanks! sometimes I'm lucky as well.. I try to avoid trading dax during Us session. As nvl7 said before it behaves weird compared to ES.
Really pi..ed today by action in FDAX. ES rallying 10 points and FDAX playing around like in play school !
ES seems to be hovering under previous Support line and the YM is sitting under a TL from the past couple of days
I think it could be to do with a present divergence on 60 minute chart in DAX (not on ES), midpoint in divergence is around 7920. I understand the frustration though as this is not very typical p/a of DAX, is it? Not too certain, but looks like upside breakout of pennant has better odds.
ImO and that's why I opened a swing long is we have a W with a confirmation on multi-hour charts, bearish trendline's been broken and we could be at the start of reversal to a current retracement. Obviously I hold no grail on this, this is just a historically tested pattern which is a classic bullish sign even without having to refer to an indicator. That is a pure chart based opinion, no fundamental reasoning.