If we break 11.860 as the short term resistance we will look for 12.000 next week maintaining the up-trend channel.
EUR good news today could mean a break in DAX results Uptrend continuation If breaks the resistence >> BUY Cheers!
If you entered a short around 750 level, you can hold 1 of them towards the trendline below.
The last session of the previous week did not offer something really interesting. Our support at 11 716 did not work as a point of reflection, but rather as a place where the market slowed down for several hours. Today we are opening with a long gap. Important zones Resistance: 11 899, 12 031 Support: trend line Statistics for today Detailed statistics in...
Hello to all watching my charts After the last break of the trendline (purple line) (please check my last DAX post here a few days ago) the chance of long has not fullfilled and Dax stays in the short signal aerea with lower and lower and lower prices. So what comes next ? Of course i am not able to tell you the future but some things are to mention. 1. We...
The price has clearly coincided with a Head and Shoulders pattern, and heading for the support trendline. Afterwards, it could either breakout downwards(WAIT FOR A CONFIRMATION) or bounce upwards. Good Luck!
Hello to all watching my charts Today i will show you trhe power of trendlines and broken trendlines as trading points. For example here is the DAX Germany DEU 30 index on base 1 HR We are long since 4.7. 11925 / broken left blue trendline short since 9.7. 12400 / broken purple trendine +75 points long since 15.7. 12400 / broken blue...
Buying opportunity on DAX. RSI divergence nearly oversold. 50% Fib support. 2:1 RRR. Good Luck
#Dax #Deu30 Hello to all watching my charts In German biggest Index Dax , DEU30 we had had a fake breakout long and now comes the opposite ofe them here , we have a big falling down in the short aerea. Dax fall below both of my black lines = Below of both resistance / Support lines. So the support lines from 10.7. now changed to resistance levels...
Wait to long DAX at the previosly broken resistance level...
#renktrade Hello to all watching my charts. here is the latest update of german DAX As we all god in the news that the trade communication between Trump and China will get a new chance , the stockmarkets all over the world are rising , that has been clear. So DAX also . My both Trading Cannels are long, longtime channel and shortime chanel also. Thats not...
Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone...
Hello to all watching my charts Dax LONG Today the Dax is since the EZB announcements and FED meeting in the bullish aerea again And the Dax is exact in the middle of my channel , so at the moment nothing in front what for me can change the setup quickly We have some resistance at around 12400 from may but in may oppinon "Trend beats resistance" and i would...
Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in...
Dax is here still in my long channel as shown. But the downside lower channel line is coming near. Whatch on monday the lower blue line whether it holds on a 1 HR charts or it breaks That will tell us the direction . At the moment still long. Best trades for all. Renkotrade
DE30EUR (German DAX Index) long swing trade setup Buy: 12043.5 T1: 122135 T2: 12220.9 SL: 11938.8
My view has not changed, on the DAX being bearish until September.