hi all, Dax has built several nested 1-2 legs. I am expecting wave (2) to unfold as an expanded flat and touch resistance at 12674. So price would have bounced from this level down three times. This would support the bearish stance. Stop-loss for this kind of sell trade is about wave ii (above 12810). If this analysis comes true we can expect a very sharp drop...
Hello, Grüezi and Moin Moin, after completion of the correction wave 4 I expect another downmove of Dax to deeper lows. Another 400 + X points for your poket? Greeting from Hannover Stefan Bode
A downward continuation pattern on Dax. Break of current support is highly possible then we hold till the below support and see how it reacts. What do you think?
hi all, In my previous analysis I expected the DAX to trust from an Ending Diagonal Triangle. Now this thrust happened and DAX is approaching significant retracement levels. I expect DAX to retrace either to 32,8 fib or the level above in the chart. Afterwards wait for price to break confirmation level. Probability is high that DAX will resume downtrend in Wave...
Let's see what the go is. This is a long term view based upon one very important principle. Why are we selling? Price is expensive and volatile - during the election process in the US, the worlds relationships are affected The election is coming closer <45 days. The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where...
Unlike American Indices, Dax did not made a new high on this previous leg of euphoria, and from June, the rise is forming a rising wedge. This should be a signal for bulls that the optimism will come to an end soon and at least a correction is near. I would pay attention to price action under 13k zone and be prepared for a medium-term sell trade
Buyers of a V shaped recovery constitute a formidable opponent; the purpose of the bounce was not to recover but only to re-balance and rightly so. Of course, retail have another account and while the 11700 highs are holding continue to load thinking everything is roses and business as usual... You see, a sound position has at least 5 waves in the impulse and a...
DXA30 Short Idea Elliott impulse wave, Pls consider your on risk management and watch the levels. both shorting idea of yesterday and today still valid.
Just a short idea each Trader have to decide the Levels .. First TP1 12850 but it could make a LL to hit 12620 as TP2. Good Luck
Price is rallying and the first port of call is possible Bat Pattern Price has also formed a classical ascending triangle that could imply that market is bullish, but could proof to be a false break out and reversal back to down. Time will show. Pattern: BAT PRZ: 13142.8 - 13113.1 1.618BC = 3113.1 0.886XA = 13126.8 1.618ABC = 13142.8
European equity indices are far behind the US markets. If we experience correction in ES and NQ, indices such as DAX gives us very clean structure to follow. Break of a trend line to the downside should take us around a yearly vwap and anchored vwap support around 11600.
Can't imagine the DAX30 could take this sideways or upwards much longer. If the limit breaks at 13300 I wouldn't sell until 13800. For now I try it with tight SL settings. Economy is going down while people keep on buying. How much worth is an Apple or Tesla without a solid economy? IMO this can only go in one direction. Clear sell long term from my side. Happy...
Two ideas for the Dax. One as a potential long trade. But if, contrary to expectations, there is a correction pattern, a short position should be taken from the thick red line (ii) onwards, because then 11.750 should come soon
If the Dax now marches right through, then we can take 500 points at the breakout. Or should we wait for another downmove and optimize our RRR and then we can even take 750 points more? Good question, especially since it's the third Friday of the month and in case of doubt feat that few people would consider sensational. Decision is not yet fixed but at least I...
SHORT FDAX1! ENTRY LEVEL 1 @ 12923 SL @ 12990 TP @ 12550 RR5.56 Risk 0.5% ENTRY LEVEL 2 @ 12948 SL @ 12990 TP @ 12550 RR9.47 Risk 0.5% ENTRY LEVEL 3 @ 12964 SL @ 12990 TP @ 12550 RR15.92 Risk 0.5% (SELL ORDER ACTIVE 17/08/2020 : ENTRY LEVEL 1 ENTRY LEVEL 2)
Stubborn DAX. had a sudden dip pre market and now we are at the peak, will try to take advantage catching some pips. Let's see how this day rolls )
After the whole cycle of waves has been completed, it seems that wave 5 is now over. This will result in a short opportunity for Dax