German and European stock market is in a very bad shape and is crashing much faster as during the DotCom bubble and faster than in 2008! All major indices crashed during last few weeks, but the DAX looks weaker than the Dow and S&P500 . It is a flash crash with extremely high bearish momentum, which broke through the 50 and 100 MA moving averages! The 200...
potential up move can start from right here, and if you short seller only sell after breaking the hourly bottom!! check on chart for more details.... if you happy with those forecasts pls hit that LIKE !! to motivate me do more,
Is there just a countermove or is capital now flowing back into the markets? Is the bottom in and the markets are now heading for new highs? Decisive for this is the outcome of the election on Super Tuesday in the USA and which of the 3 pensioners will be sent into the race for the presidency by the Democrats. More about this later in the video on YT.
dax is gaining power after the last horror week. we see a rejection of the fib level the forming of a pinbar. also, we see a clear rejection at the green highlighted area which is an important neckline. that level has multiple support and resistance zones. price has the potential to develop upside in the upcoming 3 days.
This cup will takes us to 14300. Stop rule is to close the day under 13600.
it doesn't harm to keep dreaming ;) #unleashthelion
The European market kept its collective head on Monday morning, avoiding another plunge despite the alarming losses in China. One of the more curious aspects of the coronavirus situation is that, while the rest of the world’s indices suffered, the Shanghai Composite was side-lined by the Lunar New Year holidays. Well, Monday saw it play catch-up. The Chinese...
DAX30 GOOD OPPORTUNITY FOR BUY ON WEEKLY CHART
OUTLOOK: BULLISH Past few days DAX30 has been confounding forecasters - and whipsawing short-sellers - by rebounding sharply.
The DAX is finally catching up to the rest of the worlds equity markets. It's about 100 points away from the all-time high which is not a big distance for the German Index. The support structure at 13000 held extremely well and the buyers managed to bid the price up from there. The pop came fast and in a matter of days on strong volume. From here we could see a...
DAX manages to break through the 13305 high on decent volume after holding the support structure we had mapped out at 12910. The fact that it broke into 13400 and retested the broken high at 13290 means that there could be immediate support here for an all-time high move or a slight retrace into 13050 before we see the all-time high again. For the move to come out...
This is just a quick long with very low risk. I also have an aggressive stop at 12983 but i want to be more conservative
Immediate short on DAX makes sense if you look at it on a weekly basis there is reversal structure forming at the current price, the long wicked dojis and red candle pinbars are associated with a move lower. The volume is accumulating for a slight retrace as the DAX cannot catch up to the US equities at all-time highs. The retrace is still the previous broken...
The Dax has recently played off of our short level the endless rotation at the 13305 was the indication that there is a stall in momentum from the upside. Meaning we could see a retrace. It's not as strong as the US equities due to the European economy, German economy and the monetary policy. We are watching the retrace into the 12880 support as the first pitstop...
Marked with a black arrow This is the Level which should not break Please notice that he channel system startet to slow the uptrend. Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade
As expected, the ECB's key interest rate decision last Thursday didn't provide any significant volatility in the DAX30 CFD. And, with the economic calendar being thin today, it's difficult to see significant impulses on either side. Currently, the German index has stabilised between 12,800 and 12,900 points, but this is on an Hourly time-frame above 12,600 points...