After a second re-test, DAX continues lower
My #Autogate fractal, implies sub-10k for $DAX. Just an idea.
Hi Freedom Traders, in the 60min DAX chart a pot. gartley pattern offers us a nice high probability trading chance. Happy Trading!
Hi Freedom Traders, pot. bearish Bat pattern completion in the DAX. Happy Trading!
I am looking for a potential short on DAX. It looks like there is a rejection by the imminent resistance area. Looking forward to the closes support area for first target.
I wrote a few days ago regarding a potential short setup, which has now materialised. The question is where will this end and are we going to see a bounce-back from this all-time highs. Price action will show, but for now I am short
Just a paper trade to proof me wrong ;-) Short Entry@ 12025, TGT 12000, basically at the L-MLH. P!
Back to 12060 then up again, 4:1
DAX 30min, BEAR DVG, maybe down to break-up-level 122260 ? It's a strong uptrend, but will this DVG, change to some down again ? This is maybe not a higly good R/R ? , but will watch those next candles, look for more signs.
Potential setup for a Short in DAX on the daily chart.
Next week we can go upto 11840 and max down to 11480. If Dax goes under 11640 till Friday we can see 11575 - 11500 - 11480 - 11400 and max 11200. I will buy from 11690 - 11700 - 11720 - 11760 with TP 11805. I will sell from 11805 - 11760 - 11735 - 11690 - 11640 - 11580 - 11540 - 11480 with TP 11408.
BULL dvg in MOM , RSI & MACD in 60min chart, often be a bullish sign. BUT it's obviose a HS topformation, so here we have to be careful, and watch careful for bearish sign's again, and if it turn down again.... This could also be used for a new better short-position again, if that should appear :) If it stay's over 650-700, that could also be even a stronger BULL-case.
Sell Dax at 11530 SL 11565 TP 11400 Buy Dax at 11400 SL 11375 TP 11620 Range between 530 and 620 Under 530 it will go down to 480 - 400 Over 620 it will continue to 700 Good Luck!
Fundamentally: the Eurozone is politically unstable. Debt is rising. The Euro may bottom soon if Draghi tapers QE. Rising US interest rates will put downward pressure on global equity markets. Technically: there are multiple divergences on the 4H chart towards 11600. Target: 11000, 10500, 10000
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron