Dax30short
DAX COMES INTO BIG RESISTANCE ZONEThe DAX has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together.
It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction.
After the break of this level small support can be found around 10475 and after that 10325 .
DAX Short – Break of support line (~10.400)Trading idea on 1h chart:
Short DAX after the break of support line
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Trading idea: stop sell order at 10.632, risk-reward = 2.0
SL@ 10.742 (-110), TP@ 10.412 (+220)
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- trade based on chart: break under support line + under trending line, prices below 20 EMA (=weakness)
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Disclaimer: There is a very high degree of risk involved in trading forex . I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
DAX-30The leaders of growth among the DAX0.69% 30 index components on the basis of today's trading were the shares of Deutsche Bank AG-1.21% (DE: DBKGn), which went up by 0380 n . ( 3.07 % ) , closing at 12755 . Quotes Adidas AG (DE: ADSGN) increased by 3,750 n . ( 2.53 % ) , ending trading at 152250 . Shares of Commerzbank AG (DE: CBKG) rose at 0116 n . ( 2.05 % ) , closing at 5767 .
DAX 4H - Lack of demand at yearly highsSupply and demand Analysis - Published 03.08.2016
We're seeing lack of demand and maybe even liquidity at yearly highs. Each time we build enough demand to reach highs we have sudden and steep declines, which could indicate lack of demand. I expect a small pullback, before heading lower.
However should we take out the yearly high on a fair amount of volume without liquidity drops I would turn around and be very bullish on the market.






















