As with all indices, since US election, Dax had a good run-up of 2000 point or almost 20%. Now the index looks like running out of fuel and a drop to 12500 is possible. I don't rule out a spike up towards 14k, but this in my opinion will be short-lived and can be used as a good entry point for sellers
Find our updated chart with key level prices
DAX30 shorting idea fiboretreacement. Please consider your own Levels risk. Good Luck
📍 A few more words about the possible creation of a waterfall in global equities. There is a strategically interesting example of the exploitation of ECB and FED. The board is hanging by a thread, here German Equities are remarkably similar to that of someone who is having difficult paying their debts while having to bend the knee and convince the masses to be...
Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of...
Our chart is self-explanatory. We expect a drop
DAX in the sell area and resistance looking a bit too strong to break. Find our updated chart with our sl and tp levels
RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only...
DAX is floating in the horizontal trend range, although there are bearish divergences, we can look at the chart for an uptrend if the price of 13.245 is crossed with a voluminous candlestick. With the downward break of 12.960, the first target will be 12.710.
Dax is trading inside a rising channel will look for short opportunity on retest of upper boundary of channel.
Doji candlestick formed on the resistance level meaning the sellers has taken over the market and pushing it to the support level 1 or 2
DAX is hitting a powerful resistance level which has seen recency, strength & frequency since summer 2020. Double top showing on the 240 chart with a possible red kicker candle. Do choose your entry reasoning wisely & always manage your risk. We could see a failure on positive covid vaccine news, but interest in that could wane sharply as we saw recently. S.L. ...
Why are we selling? Updates in bold Price is expensive and volatile - during the election process in the US, the worlds relationships are affected The election is coming closer <8 days. The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers. The stocks have recovered well...
GER30 - Intraday - We look to Sell a break of 13028 (stop at 13151) We are trading at overbought extremes. We have a Gap open at Monday from 12478 to 12668. A higher correction is expected. Rallies should be capped by yesterday's high. We look for a temporary move lower. Short term MACD has turned negative. With signals for sentiment at overbought extremes, the...
DAX30 did check the resistance and shows signs of a possible drop. Take a look at our 2-hour candles chart, with key price levels
We got smashed last week but we are still alive. Time to short this baby again. Find our chart with key levels.