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.
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...
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
LISTEN UP AND LISTEN WELL! THIS IS MY ROAD-MAP FOR DAX TRADING! Sep 2020 - Dec 2020 Prediction I am looking at the stunning reflection on DAX, on what it did in the past. These are called Fractals, self-repetitive patterns. The Fractal is taken from May-Dec 2018 (blue color). As per this Fractal, DAX is gonna hit the 10K mark, in gradual bearish swings....
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
Hi traders, Keep your eyes on lower time frame for your short term sell setups then we will be anticipating a nice wave to the upside to make a new high.
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 "...
hi All, Yesterday I catched the DAX right at the top ! How I came to that analysis based on Elliott waves / Fibonacci I will explain in a tutorial. Now wave (1) is finished and I am looking for the next retracement level. The first retracement is the level where the triangle appeared. I expect that this level will be exceeded so I assume the retracement will...
Hello, Grüezi and Moin Moin, after completion of the correction wave 4 I expect another downmove of Dax to deeper lows. Another 400 + X points for your poket? Greeting from Hannover Stefan Bode
The break of the 61.8% would confirm my sell, price has been in a strong bearish trend, making lower highs. A break above the daily zone would invalidate the sell idea.
XETR:DAX was one of the few indices that still had decent relative strength recently. With break of support, things are starting to change today. More downside is likely to follow.
DXA30 Short Idea Elliott impulse wave, Pls consider your on risk management and watch the levels. both shorting idea of yesterday and today still valid.