The DAX index has hit daily resistance at 11,48x and will continue down for the time being.
I've seen a lot of chatter about the coorelation between AUDUSD and DAX and I have to agree that it follows it by +/- 60 days. If I continue to use this theory as a basis for my trate, we should see DAX shave off around 1,000 points in the next week.
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GER30 (DAX30) - SELL Set-up
Order Type - Aggressive
Aggressive Entry @ Market Price (approx. 11400.00)
Moderate Entry @ 11600.00
Conservative Entry @ 11750.00
SL 1 @ 11520.00
SL 2 @ 11720.00
SL 3 @ 11850.00
TP 1 @ 11250.00
TP 2 @ 11000.00
TP 3 @...
Hello to all who watch my charts.
Who my idea Dax Short from 21.3. followed (fall down out of the the Long Channel in PINK)
is now already 300 Dax point forward.
But as soon as we have reached a point at which a small bottom formation is emerging today.
In the area around 11300 to 11330, DAX DEU30 has today stopped its downward trend several times.
We have to...
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...
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...
Clear D1 Ger30 sell opportunity.
We haven't yet solved Brexit :D
We buy long bad economy data :D
April Option Interest is in focus of 11.420 :D
RSI D1 clear overbought sign :D
What is here going on?
Algos doing crap again. This runs on steroids.
Don't get trappet.
Target: 1 11680
Target: 2 11450
Dax 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...
As 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...
Dax 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...
Hello to all friends watching my charts
Now today german DAX has made a positive return today in the long track again.
Maybe you remember my Nasdaq Chart from end of friday trading
where i told that thees reversel may come
Please check the chart now.
Dax has managed to come out of the short channel
and climed above the upper line of the channel i have marked...
Dax is going down exact as descriped in the new trend channel
Nothing really new things happens today.
What to mention is:
Dax found support at the support line of around 11410 -
aerea 11421 - 11420.
Mabye from that point Dax can revcover now to the upper line
of the red marked trend channel down
(Up to 11500 aerea is free spcae there till end of mondays...
As we have now the bespoken broke of
the last long support trendlne today at
around 11500 (marked in blue)
we are now in a short setup.
It has also established a short trend chanel if have marked in red line for better view.
In these trend channel i estimate lower
prices, maybe Dax will come at the upper line of these channel at 11550 for end of...