A red channel is descending, the trend is completely downward, you can see that the Dax stopped precisely with resistance. Later, it returned to resistance in a short time and again it did not succeed. Now the sellers are taking over. Entry price: 11980 Stop loss: 12250 Take profit: 11630
Yesterday’s session turned out to be yet another success in a long row. The hypothesis suggested the breakout of Wednesday’s high and Dax was pierced that level with strong momentum, not even reacting by any bounce at the resistance level of 12 190. We haven’t even found sellers at the first resistance level laying at 12 097. Today we open with a descending gap ...
Hello to all watcching my charts Dax is long since a while in the long trendchannel First sign of weakness should be the fall below DC 11. (Donchian 11) If the lower channel breaks the long setup is gone.
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...
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...
We are currently on very serious and important resistance that will determine the direction of the DAX for the coming days, According to Ichimoku indicator we are still in a downward trend, despite recent increases! And we are also on the resistance of the Fibonacci retracement (23.6) Which means continue to move in the original direction. For all the reasons are...
Do you like the analysis? The last releases were also OK? Then thumbs up and follow me, because that's the currency in TV! Short and sweet: Since the beginning of summer, the Dax bravely worked off the first part of the correction and could now finish this section in the range of 10.200-10.400 points. Here should now be looked closer, if there are signals for a...
after the market open any one can enter with the 1:2 ratio stop 110 pips and target 250 pips
Hello, traders! DAX - Potencial Reverse H&S Pattern? Also we see Bullish Flag. Possible targets on the chart. Alternative scenario - Red Arrow. Let`s see. Wait for the candle to close. High risk trade! I will comment on the idea, as events unfold. Thank you for your attention.
DAX almost completed a double top before it fell quite sharply, current price action seems like getting ready for fresh falls to test at least June lows. If you have your trading strategy, consider short setups. Trade Safe!
How I see this Gem. Short-term bullish as the price will likely retest 12250.00 . Targeting 12500.00 is possible. (lower TF) Waiting for a short will get a bigger slice of the pie. (in my view) I'm waiting on supporting price action which will be another week away yet. Why does the target seem so far away? This is a bearish long-term projection. A mid-term...
As mentioned on the previous analysis, DAX was on a 1D Channel Up (RSI = 58.600, MACD = 166.500) that hit our 13,141 target and under overbought pressure it broke to the downside and nearly tested the first support at 12,919.58. As seen on today's 1D candle, the Channel Up pattern is technically broken (STOCHRSI = 0, ADX = 53.909, CCI = 48.7206, Highs/Lows = 0) at...
DAX remains on the medium term Channel Up on 1D (RSI = 65.938, Highs/Lows = 113.6786), being kept on a consolidation range in an effort to normalize the overbought STOCH, STOCHRSI and Williams numbers. As seen on the chart, 12,919 and 12,854 are the support levels (and long entries) with 13,141 the resistance (and TP). As long as EURUSD keeps falling, DAX will be...