Nice gap higher this morning suggest further upside growth expectations with the DAX ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for...
DAX has ben doing superbly and remains bullish at this moment. ASt the same time it is approaching major resistance as shown on our updated chart.
Option 1 Under 13700 Down till 13440 and 13000 . Option 2 Above 13800 Up till 13950
OANDA:DE30EUR DE30EUR 2021 Jan 06 Midweek Update Could this wide spread down bar on ultra high volume be accumulation? Keep your eyes on 13681. It is back into a previous supply zone, circled, so I'll be cautious at the moment. If price goes below 13533 then we would likely see a change in trend. 13681 : if it holds, then we can see a test of the...
Stable under Yellow zone will get SELL ENTRY point = 13700 Blu line = TP Red line = SL
There is no secret that we all have good and BAD trades. Dax was my BAD trade last month.. Tried to get it once, tried to get it twice, it was just not listening to me. So what do we do in these cases? What is the secret to surviving in the markets? Well the answer to both questions is ' FORGET ABOUT THAT ASSET FOR A WHILE' and trade something else. Pick an...
Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of...
Doji candlestick formed on the resistance level meaning the sellers has taken over the market and pushing it to the support level 1 or 2
That would be my idea for this week in DAX30. RRR: 5.69 to 1 Entry 13,240 Target: 13,830 SL: 13,135
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
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.
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...
This post is just for information purposes. Entries signal after confirmation.
Although accounting for a ~+2% currency advantage over US indexes and for an annual +5%-6% equity (stocks) advantage over US stocks, in general, all that means is that the DAX will sink somewhat slower/less than it's US counterparts. E.g. one should sell this - SHORT -, freely here, as well.
Hi guys. Today i'm going to explain why do i expect a massive pullback in German economy. Technicaly : * Daily MACD bearish * Weekly bear crossover projected to happend in a matter of weeks and manifest " in no time" so to say, because DAX index shows signs of SERIOUS WEAKNESS having on mind level (12.7xx index points). * Wall Street so called "...
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
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