We got smashed last week but we are still alive. Time to short this baby again. Find our chart with key levels.
Dax is trading above 13k figure, a zone that provided a strong sell zone since June. I believe this time is no different and, with the "vaccine effect" gone the German index will fall to at least 12.500 support. Also, a sell trade above 13150k can have a strong 1:4 R:R
This market follows a similar pattern as the DOW JONES however Wave (C) is not an ending diagonal. Waves i, iii, and v are 5 Wave moves. Waves ii and iv do not overlap. Wave v is already a similar length to wave iii so I expect one more all time high before wave v is complete. I have linked related ideas below. Please LIKE and FOLLOW to get notification...
The market is currently at a strong area of resistance which closed with a shooting start candlestick formation and has tested the area multiple times in the past 24 hours which is a good indication that the market could possibly turn around. The MACD shows along with the ADX and DI show that the bullish trend has weakened coupled with it being on a 61.8%...
A Synopsis of our 3 trades (and ideas): OCT 12 IDEA 1ST TRADE NOV 4 IDEA 2ND TRADE (COMPOUNDING THE 1ST) NO5 IDEA 3RD TRADE (DCA THE 2ND TRADE)
After reaching my 11500 target, the German index had a false break under support and reversed. Now is trading exactly in resistance (12500) which is also the neck-line support of H&S. A new leg down is probable from this point and also we can have a great R:R if the index is retesting 11500 zone
Very volatile last 48 hours because of US elections. US indices rose massively and DAX followed. Fundamental is stronger than technical but now we will gradually see technical analysis take over again. Find on our chart the next resistance level and remember to trade carefully these days.
Before the touch of a neckline of an M formation...
FIRST~: PLEASE CHECK YESTERDAY'S IDEA So, the chart never lies: the resistance level we had calculated acted perfectly , as the price dropped as soon as it was checked. Our stop loss is now at entry point and we are expecting to see (hopefully) the drop further down. Most importantly: DO YOU HAVE A TRADING STRATEGY? Drawing a chart is part of the success but...
Let's see if the levels will be causing a reversal in the price movemrnt. We have calculated these levels on M,W,D,4H charts
So we sold Dax at very good times, twice, not let's see what is next. We have calculated our support and resistance levels for you. THANKS FOR BRINGING US TO TOP-AUTHORS FOR DAX30
Dax New Analysis And Free 500 Pips Here This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make...
My 11500 target was hit and now the German index is consolidating just above this support. A correction from this point is not out of the question but with EU imminent lockdown I expect this to be short-lived and a new leg down is just around the corner. 12k zone is a great place to sell Dax30 and a target of 10k for swing traders is very probable
Double breach of broken support level. According to our technical analysis we expect a further drop to the 10400 level It worked in our previous idea, let's hope it works now too.
How can we protect ourselves from destructive politics? Is the next wave of flight from money values to shares, precious metals, cryptos? The possibility exists, because the minimum correction has been fulfilled and the Dax is reacting and turning north. Is this the starting signal for the next catastrophe boom? AIL - All In Long? Questioning greetings from...
Since the beginning of July, Dax30 is consolidating(distribution in my opinion) in a timid H&S (timid because you can barely distinguish the head from the shoulders) Now the price is at neck-line support and in case of a break the next target is 11500 Look to sell rallies or sell the break
This post is just for information purposes. Entries signal after confirmation.