Despite small price gaps, the index is moving in an upward trend. A new round of this trend began in November 2020 after the price first collapsed and then broke through the support line 12734.9. After that, the price continued to grow and in the process of this growth came to the resistance trend line 14199.5. The first touch of this line happened back in August...
Dax30 (DE30) Short Trade. It's a VSA Trade. RRR is not too good but still good. CURRENCYCOM:DE30
Hello everyone, if you like the idea, do not forget to support with a like and follow. DAX is approaching its all-time-high in green 14200.0 so we will be looking for sell setups on lower timeframes. on H1: DAX is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to...
GER30 - Intraday - We look to Sell a break of 13988 (stop at 14066) Daily signals for sentiment are at overbought extremes. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. A higher correction is expected. A move through 14000 will confirm the bearish momentum. Our profit targets will be 13706 and 13616...
GER30 - Intraday - We look to Sell a break of 13887 (stop at 13975) Daily signals for sentiment are at overbought extremes. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. A higher correction is expected. A move through 13900 will confirm the bearish momentum. A bearish Head and Shoulders has formed. Our...
On the Dax H4 chart we can see RSI divergence, all time high price, and the price touched the uptrend channel top, so we can wait a short term correction to around 13500. I recommend to open short position on market price, take TP around 13500, and SL around 14300. Trade at your own risk. Please don't forget to like, follow, and comment, if you like my analysis.
OANDA:DE30EUR DE30EUR 2021 Feb 08 Week (Intraday) Green/Red zones = preferred entry zone D1 chart showing weakness - shortening of thrust observed - price advancing on decreasing volume H4 chart similarly showing price advancing on diminishing volume Also note the narrow range bars as it approaches the high. if price forces through resistance and show...
We are seeing an slight relief in Coronavirus numbers now so the outlook for next week is still bullish as I see it, but as I see a real risk for the slowing of the january christmas and NYE spike from uk variant there very well could be a new spike of numbers coming in February. On a TA Level I see the dax being at resistance having been strongly supported by the...
Shark Harmonic Pattern completed and price start rejecting
It's sitting on .618 Fib retracement. it's painting a minor broken support on smaller timeframe. that's our entry.
In our previous analysis, we’ve mentioned the potential head and shoulders pattern which has been created on the German index DAX. It seems that the neckline in this pattern has been broken and the index has dropped to the lowest level since the third week of December 2020. Thus, the mild bearish scenario seems to be completed, but the more aggressive bearish...
GER30 - Intraday - We look to Sell a break of 13559 (stop at 13669) Daily signals for sentiment are at overbought extremes. A higher correction is expected. We look for losses to be extended today. A break of 13560 is needed to confirm follow through negative momentum. Pivot support is at 13220. Our profit targets will be 13252 and 13151 Resistance:...
Hello everyone, if you like the idea, do not forget to support with a like and follow. DAX is sitting around a strong supply zone and round number 14000.0 so we will be looking for sell setups on lower timeframes. on H4: DAX formed a valid channel in red but it is not ready to sell yet. We want the sellers to prove to us that they are taking over by breaking...
OANDA:DE30EUR DE30EUR 2021 Jan 25 Week Green/Red = Preferred entry Look for entry opportunities in lower timeframe A = Reversal B = No result from effort We may see some weakness. Immediate Resistance = 13928 Immediate Support = 13843.6 Resistance3 = 14138 Resistance2 = 14044 Resistance1 = 13968 Support1 = 13742 - 13761 Support2 = 13675 - 13696 Support3...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for DOW JONES, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
The German index DAX has been forming a potential head and shoulders pattern with possible right shoulder forming right now. Looking at the chart we could spot the nearest potential resistance at 13985 USD. This is the area where the right shoulder may end. If it happens we could expect a downward movement. The first confirmation for the head and shoulders...
GER30 - Intraday - We look to Buy at 13759 (stop at 13675) We look for a temporary move lower. Dips continue to attract buyers. We look to buy dips. Daily signals are mildly bullish. Trend line support is located at 13760. Our profit targets will be 14015 and 14088 Resistance: 14000 / 14030 / 14135 Support: 13900 / 13800 / 13700