As I posted, a market is likely to continue HH. But, it is also possible that the market will stay in a range/triangle. This is more likely scenario than it will shoot up.
As those following the latest Macro charts in Euro will know, the philosophy of EUR finding a strong bid will constitute good criteria for the devaluation of German Equities and rule out any possibility of setting new all time highs. This is crunching time for the Fiscal side in Europe, if Germany start to use the fiscal side then the logical follow up is EUR...
A fresh round of poll updates from Germany with CDU/Green coalition in play: => CDU/CSU-EPP: 28% => GRÜNE-G/EFA: 23% => SPD-S&D: 12% => AfD-ID: 11% (-1) => LINKE-LEFT: 9% => FDP-RE: 9% We are marking the highs as widely mentioned previously in the 2020 Dax Macro Map: Markets are unable to shrug off risk from Coronavirus and we are spreading into...
As the virus outbreak continues to slow growth, Dax confirmed the 3rd touch on the trend line. Also potential death cross as 50 SMA could cross below 200 SMA. Chinese economy expected to be 2/3 shut down next week as the country battles the outbreak. Overall, market sell off expected to continue. Good Luck and stay healthy!
Pattern: Channel Up on 1W. Signal: Bearish as the price is below the MA50 and MA200 on the 4H chart, with a potential to form a Death Cross. Last time that happened DAX made a Higher Low on the Channel Up. Target: 12500 (top of the Higher Low support zone). * Latest successful Sell Signal on DAX:
Expecting a mild correction to come...
Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few...
DAX has been trading within a 1D Megaphone pattern (RSI = 55.442, MACD = 76.600, Highs/Lows = 0.0000) since November 6th. This week the price was rejected on the Higher High zone and is still on the decline towards the 13,176 Pivot line which is also where the MA50 on the 4H chart is. This is a possible Support level. If this level breaks however, we are...
DAX as most indices has been very bullish since the start of the year (strong 1M Channel Up since the 27 December bottom) but lately in particular has been sustaining a strong 1D Channel Up (RSI = 64.920, MACD = 140.500, ADX = 26.747, Highs/Lows = 0.000) since mid August, that even broke (marginally) above the 1M median. This is similar to the Channel Up during...
DAX daily parallel channel. it is a good signal for short position.
Divergence on RSI as we are rejecting at the highs. Great risk-reward for a small position. More confirmation on the break of the neckline and impulsive selling candle. Target 13 000. Good Luck!
hello to all watching my charts Dax is now Short since 9.00 German Time 8.11. Cause its traded below my red Line. here to check in my favourite Chart Style RENKO RENKO Good trades. if you want to support my work, please like them My analyes here are all NOT a request to buy or sell seomething. Allways do you own research. Renkotrade
Now my Trendchannel system shows short Decision Level BLACK has been broken Now we are in Short Aerea. 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 ----------
DAX has been trading within a long term 1M Channel Up (RSI = 58.539, MACD = 225.500, Highs/Lows = 732.5857) since the December 2018 bottom. From January until July the price traded on the upper band of the Channel and then it made a bottom on the lower band. That essentially started a new Channel Up within the lower band until now that we had a contact with the...
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
DAX has been very bullish throughout October rising from the near 11,800 low to a 12,800 high today which is in fact a peak for 2019. This is all within the Channel Up pattern on 1W (RSI = 59.041, MACD = 182.700, Highs/Lows = 304.9427) that has been in effect since February. As you see the two dominant bullish legs are very similar, the one from February to May...
DAX, as most global leading stock markets, has suffered a big set-back this week in anticipation of today's key macroeconomic data. The 1D MA50 was crossed (blue line) and the index is now close to testing the 1D MA200 (orange). If the price bounces there then 1D (which entered into bearish territory with RSI = 38.234, MACD = 3.700, Highs/Lows = -272.3214) may...