Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for DAX, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
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...
Our chart is self-explanatory. We expect a drop
DAX in the sell area and resistance looking a bit too strong to break. Find our updated chart with our sl and tp levels
We got our signal in the Dax. Higher Low and a outbreak of the current triangle trading range, right after leaving the fibo time zone of our latest correction. New move up is now very probable to continue ...
This is the second time we go long on the DAX today. The first one was a London open 2m clap long that earned us a quick 750eur, pays the bills ;) This one however looks to be a better setup for the NYC session, we have 3 sets of TP listed and we might close out an any given level. RSI is in the lows, the 10m chart has a contraction leading to the 30% level and...
Awaiting next trigger in the Dax for the next bigger move up... A continuation in the current trading range (marked trendlines) seems likely at least till thursday upcoming week, a break before thursday give s us a nice trigger... a rejection of either one of both trendlines is a nice short-term entry. Dont forget to tight SL.
GER30 - Intraday - We look to Sell a break of 13028 (stop at 13151) We are trading at overbought extremes. We have a Gap open at Monday from 12478 to 12668. A higher correction is expected. Rallies should be capped by yesterday's high. We look for a temporary move lower. Short term MACD has turned negative. With signals for sentiment at overbought extremes, the...
Looking at the German DAX index we could spot a potential V-shape reversal pattern. DAX has reached the target for the bears which was mentioned in our previous analysis at 11545. Since then the market bounced back. It seems that the worse Q4 2020 in the German economy has been discounted by the market and currently the index is trying to evaluate the rebound in...
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point
GER30 - Intraday - We look to Sell a break of 12838 (stop at 12952) We are trading at overbought extremes. We have a Gap open at Monday from 12478 to 12668. A higher correction is expected. Rallies should be capped by yesterday's high. We look for a temporary move lower. Our profit targets will be 12542 and 12442 Resistance: 12950 / 13050 / 13170 Support:...