Bearish long term - short term squeeze in longMy view has not changed, on the DAX being bearish until September.
Dax30long
Elliott Wave View: Further Strength in DAX Short TermElliott wave view in DAX calls the pullback to 11625.31 as ending wave (W). This move lower ended the decline from May 3 high. The Index thus is within wave (X) rally to correct the cycle from May 3 high (12435.67) before it resumes lower again. On the chart below, we can see the rally from June 3 low (11625.31) is unfolding as an impulse Elliott Wave structure. Up from 11625.31, Wave ((i)) ended at 11744.93, wave ((ii)) ended at 11689.51, and wave ((iii)) ended at 11972 peak and wave ((iv)) at 11109 low and wave ((v)) at 12055 peak in red wave A.
It should now pullback in wave B to correct the cycle from June 3 low in 3, 7, or 11 swing before turning higher. We don’t like selling the Index.
Where is the bottom? I am still on the short sideRunning two shorts atm - 12079 and 11919
After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 -
Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short.
Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through 11640.
Will hedge in-between for a scalp long, until there is an ease and enough reason to add a big long.
DAX - Waiting for BullrunIt is not yet time to Buy but my traningplan for the next bull run is ready. So the only what i can do is wait and trink one, two, three,... bottle of beer. :-)
Wish you all a nice Father's Day and who it is not yet, maybe just Beginning today ;-)
Greetings from Hannover
Stefan Bode
DAX SHORT 1 HR Situation end of 9.4.Exact as promissed the decision point has been at
11960.
After fall through that level Dax tried to climb again
on new highs, but failed and builded a double top
as double resistance at
11980 (blue line)
Than small supports at
11930 and also at
11890 failed.
Nex bigger support waits at
11760
Thats the best chance for a rebound in my oppionion.
We have to wait and see.
Good trades
DAX SHORT The Power of Trendines and TrenchannelsToday i bring you here some eduction which i found very helpfull
for traders.
The trend is your friend we are always told, but what is trend ?
To get easy in touch with a trend you have to check trendlines
which can be mixed with support and resistance lines
to check a trend change.
Trendlines need in minimum 2 trend points to draw.
Normally the trend is building up and in that case
the trend lines going more and more in the same direction
as i have marked it in purpe, till trend channel
is establised ( marked in blue)
If you found such trend channes the probability that these
trend continous is very high.
Please check for the red lines as short channel also. `
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To have a closer look of trading i am writing a trading book
about my more than 10 year experience in trading
its free at the moment ,if you are interested in let me know by mail.
Good trades
Dax LONG end of 5.4. What will happen now ?Hello to all who watch a charts.
Dax is still LONG, I think that's clear
But what can we expect for the next trading days ?
As you can see I have now drawn 2 support lines in red below these Dax
should not fall for further long positions.
That's the first at 11974 (ca) and the second at 11963 (ca) so we say :
A range from 11960 to 11980 is our support zone for tomorrow , Monday.
If Dax - DEU30 falls in 1 hour Renkochart
below these support zone Short is announced.
Have an eye on these key support zone.
(Please always wait for the end of the hour ( end of 1 HR Chart ) to check and to avoid wrong signals)
If these zone hold then I see the Dax continue long.
If not Long positions should be closed immediately
Good trades
DAX LONG 1HR end of 04.04.2019Hello to all who watch my charts.
For days DAX is in an upward movement and in a fairly wide Long channel.
As you can see, the distance to the lower channel band is quite large.
It currently runs at about 11860 and that is a good 120 points below today's closing price.
In addition, we are at a round number
Having arrived at 12000, that has always shown the past of similar marks leading to a breather of the market straight up.
Today we have developed a new resistance at about 12028
what leads me to the assessment together:
Long continues, yes, but only once is a break in the Long Trend
expected.
The Dax can fall but without problems until just 11860 without that should lead to a short position.
I would not start new positions because of the 12000 points mark.
If you want to make a channel trading, which would have been very successful in recent times, is a fall on the 11860 or the equivalent value of the lower Long Channel the next few days to wait.
And if you have checked my last post of DAX here at teh bottom of
11330 found, you are more than 600 points up and maybe a rich man..
Good Trades to all
DAX LONG - QUICK PULL BACK AND THEN FIRE!!!!!Going to keep riding this wave, more pips to come by the looks of it.... nice tight stop on this one as well... enjoy...
If SPX Bat - daxi will followGm Traders
If SPX Bat's, daxi will follow
First TP 200 EMA - around 11645
Then We look if short or keep on rise ...
Drive Safe
DAX DEU30 SHORT Situation end of 21.03.2019
Hello to all who watch my charts.
In the Dax DEU 30 we have a short situation since yesterday.
As I posted Dax was allowed to fall to the lower line of the Long Channel.
But not below.
Yesterday it dropped significantly below and there is now a short channel formed, which I have marked in purple.
I've simplified the chart image a little and a few insignificant ones
Resistance lines faded out.
Now it looks very clear:
Dax DEU 30 in Long Channel (purple)
and then in a short channel since yesterday (red)
What happened:
In addition to the unexpectedly bearish Fed meeting, we also have some special features to note in the Dax DEU 30:
1. A big weakness of Bayer
2. A new fainting of the auto stocks, there are the quarreling
E Mobility is not as easy to master as previously thought. In addition, declining expectations.
All this together has now become the Dax DEU30 from an outperformer index days ago to an underperformer index.
We have to hold that for now.
Now Dax can slowly move back and forth in Short Kabal or fall directly to the nearest support at 11420.
For rising prices, I currently see no beginning,
If a new long opportunity should start, Dax would first have to get out of the short channel.
Then we should re-evaluate the situation
Some LongHi traders
Daxi In BUY zone
11650 as first target
BUT
if SPX does go GARTLEY, then dax will follow to 11700 ( 61.8% fib )
LOOK @ DMI - always turn point when BULL vs BEAR are far away
(bottom indicator)
Drive safe
DAX THE DAX CHART JUST REPRESENT THE REMAINS OF THE PREVIOUS ONE , BUT ITS JUST SOME SUPORT AND RESISTENCE THAT PRICE IS FOLLOWING . .BY NOW IS STILL UNDEFEATED , CLEARLY THE ANALISYS WAS MADE FOR THIS .
ITS SEEMS UGLY , LIKE ABSTRACT ART BUT IT REPRESENTS .
DAX Long Situation end of trading day 19.03.2019
Hello to all who follow my charts.
The Dax runs exactly in the long trend channel up I have drawn
I marked it red again
so that he is better to see.
The dax today has 2 new resistance lines taken out of his way, which I have now marked as support in blue.
These are the two upper skewed straight lines at about 11775 (current state)
So he has continued to build support.
But even a downward setback in the direction of the lower red channel line would be completely uncritical and would not destroy the setup
Currently at 17:30 German time
clear a long setup
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--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
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#DAX30 A mine on the way!An obstacle in the way, in the last few days we are on the upward trend that is still real today, so to those who ask how long will the gains continue? The answer in the graph above, We expect the dax30 will continue rise to the 200 Moving average and then it can give a downward correction Once this happens we will have to follow and see whether the decline will be just a correction or that it is a decline that will change the trend
Buy Dax 30:
Take Profit: 11790
DAX LONG Situation end of 15.3.2019Dax is going straight on in the long setup run
The trade setup is exactly as in my last DAX post
We are in a long swing here as described
What is new:
We have a long setup now in a establisehd long CHANNEL !
I have marked them in red color.
As far as DAX is trading in these long channel all long positions shold be save
Even if Dax tumples out of the channel thats no sign of short at once
its at first a sign to be cautious with new long positions
All above 11611 is a long in my view and even if it goes below 11611
maybe we will see only a more weeker long channel established than.
Only trading below the red support line is a sign of sort.
But thats far away at the moment at 11560 aerea.
Don't forget to like if you appreciate it....
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My ideas are not a recommendation to buy or sell.
Everyone has to do their own research
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DAX LONG Situation end of 14.3.2019As described the days before DAX has made a new Long setup
verify to see at the new red marked trendline long
For the next trading day:
If Dax can not hold the strong long setup there is a blue marked
long support line below where Dax could hold and stay in long
If these trendline also breaks there is the big support
( have colored in black) at around 11420
which decide Long from Short aerea.
So in other words:
Long setup above the red trendlines
Cautious on long positions between the red and the blue trendline
Stopp long positions = Neutral aearea between the blue long trendlne
and the black big suppport line
Trading below the black support line is a Short setup
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Don't forget to like if you appreciate it....
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My ideas are no investment adviced
you have to do always your ow research
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DAX LONG end of 12.03.2019Dax today has not his strongest day.
Starts with a big jump and starts exact as the resistance at 11615
hat a little bit resistance here i call this to 111620 and than a direct fall
to our well known long trendline we have seen now many days in Dax chart.
I have marked them in purple.
From these support DAX could bounce back a little at the end of the day.
But the red marked new stronger long trendline DAX could not hold
So at the moment we are in a nowhere terrain
it is still only little bit long
For tomorrow Dax has to stay above the purple trendline for long-
It Dax fall under the (now thick marked ) blue support line at 11420
which is of course far away at the moment , the chart turn directly to short
A trading between purple and thick blue i would mention as neutral.
So under line:
Trading above the purple line = long
Trading between the purple and the thick blue line = close long positions.
Trading under the thick blue line = short setup.
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--This information is not a recommendation to buy or sell. It is to be used for educational purposes only - also do your own reserach---
