Closing Bell April 7st and Weekly Review

Hi everyone,
Today we had in the european sesión a bullish session until 15:00, then the american sesión was not very clearly and and the good news is ended.
However, we have the chance to trade the dax in the morning and that gave me the main benefit of the day. As you can see in the chart the price stopped a unbalance level, base of channel on the high of the main bearish channel. 

So for next monday the chart remain bearish. If the price moves into the bearish main channel, we can expect a new lows.


As you saw in the live commentary I only take 2 trades, on on TF and another one in CL.
Then I decided finish my trading session, I already had the benefit of the day and the market showed no trend.

TF:
This is the weakest Chart in the usa market, and as can you see after a uptrend the price stumbled across the 1100 level and finish the bullish market. The price slipped quickly inside the bearish channel and now I expect a rotation to the base of the channel.


NQ:
The history is quite similar to TF, and now I have traced 2 new bearish channels and until the price don't get out of the bearish channel I only can expect a rotation to the base of the channel.



In a nutshell, next monday it seems that that the bearish market is going to continue.

Weekly Review:
Nice day and nice week, most of the profit come from the trades on DAX. I have few words to say when everything goes well. This the firs week that I trade TF, NQ and DAX I hope continue in the following sessions. For me the DAX is a easy index to trade, maybe it was this week, but I think that this market move with a definite trend and once it starts the path is easy to follow.





Good Bye, Good Trading and Good Weekend.

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