We can see a clear sell option in Ger 30,why?
RSI on most time frames in hell.
Bad economy data from Germany an EU.
Open Interest rate May 2019 is at 11.500.
We see first spikes of panik buys.
-> We have US Index rise from 22% + since x-mas 2018.
This will explode :D first we correct :D
DAX is on a very strong bull run since its December bottom, maintaining the trend on a 1D Channel Up that was recently broken to the upside (RSI = 71.535, MACD = 158.900, Highs/Lows = 203.0988). The index now enters into the overbought zone and the Inverse Head and Shoulders pattern on 1W suggests that it will approach the 12,460 neckline before any meaningful...
The DAX high of 13'601 came down to 10'281 (3'320 pips). Then it went up to11'390 , retraced just off 50% which likely means that it will go up to 11'940 or thereabouts. That level also happens to be 50% retracement of the down from 13'601 to 10'281 which leads me to think that we can expect a strong fall to 8'620 or thereabouts.
Those that have followed my...
View On German Index (19 Apr 2018)
Lately, it is in the strong UP trend and we have yet to see any opposing bear candle yet.
We shall see some resistant near 12,250 and 12,450 soon.
Bulls, get ready to take profit. We have yet to see any strong evidence to become bearish as well.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press...
*If you like this idea, please support it with a like or share. Thank you.
EU Indices crashed during the second part of 2018 and these bearish sequences were successfully tracked with the analysis in the related ideas.
2019 started with a bang!During the first quarter It was unclear if stock markets worldwide indeed were to recover like that. I have to admit, I...
Pattern: Channel Down on 4H.
Signal: Bearish after a Lower High rejection today.
Target: 11,855.70 (4H Support).
*Note: If 11,800 breaks, the 1D Channel Up can technically reach its Higher low at 11,620.
I have read an article today about the possible merger between Commerzbank and Deutsche Bank, few people seem to be reading up on it! Very soon we will hear about how EU banks are a zero and Deutsche will be the first to collapse. A backdoor bailout is likely to change that.
I'm looking at the last structure as a complete expanding flat and as you can see it broke the trendline after the last bottom. It hasn't gone up very impulsive sofar but after correction, it can gain momentum. Now, I'm waiting for a small drop, reversal impulse and correction to place an entry order. I don't place an order above the last top at...
We have seen the current trading set up on DAX during its previous mini bear cycle (April 2015 - February 2016). During that time the index finally broke upwards for the new mini bull cycle once both Lower High trend lines were crossed and held as supports on at least 1 re-test.
Currently DAX has broken above the first Lower High trend line (dashed) and has...
The DAX index has hit daily resistance at 11,48x and will continue down for the time being.
I've seen a lot of chatter about the coorelation between AUDUSD and DAX and I have to agree that it follows it by +/- 60 days. If I continue to use this theory as a basis for my trate, we should see DAX shave off around 1,000 points in the next week.
View On German Index (27 Mar 2018)
DAX is the strong pullback mode since last Jan and now it has reached an important resistant region
Now, I am not seeing any extreme edge at the moment and the market shall go into range for the immediate term (up to 1 month)
it will use 11300 as support level while 11600 as resistant for now.
DYODD, all the best and...
Pattern: Channel Down on 1W.
Signal: Bearish since the price is near the pattern's Lower High.
Target: TP1 11215, TP2 11050.
*Note: The same pattern took place in 2015/ 2016. After the 5th wave on the Lower High the index pulled back to its 0.5 Fibonacci and then broke the Channel upwards.
After the price breaks out of the pattern we
open an Buy position holding since 02/April
We got very strong bullish momentum, which we possible can hit our target
on the psychological resistance zone
If the price breaks below the Speed support line and confirmed we
might see an pullback back to the 50% ratio
So since my last post about DAX has been throwed in the gutter, only right thing was this chanel, which turns out to be HUGE
possible bear flag. I'have pending sells on all three pink lines Tp around 11 500.