Get started

GER30 CFD

DAX30 Intraday Setup.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 rally could not be extended. Price action has formed a bearish ending wedge formation. Our profit targets will be 12669 and 12542 Resistance: 13200 / 13300 / 13450 Support: 13090 / 12950 / 12700
DShort
by Signal_Centre1
DAX - V-shape reversalLooking 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 the economy in Q1 and Q2 2021. However, from the technical point of view, the key resistance has been tested and the market may retrace back to potential support set be previous low and by the bullish gap. The area 12568 - 12313 looks interesting. There is also a possibility of creating a potential inverted head and shoulders pattern before another upward movement. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XETR:DAX
by Daniel_Kostecki
DAX / GER30 / DEU30, daily tf, sell the shooting star candleHello my friends, Second setup for today is German index which is known as DAX. Some brokers use DAX on it quotation, others use GER30 / DEU30. Anyway, they are the same indicies if i am not wrong. Feel free to correct me if i am wrong. There is a shooting star candle / bearish pinbar candle on the daily timeframe. It appeared exactly at horizontal resistance. This indicates sellers currently winning over buyers. As you could see, there is also a big gap on DAX chart so we could see price drop to fill this gap first. Sell DAX / DEU30 / GER30 13095 Stop loss 13215 Take profit 12615 (4R) RR ratio 1 : 4 Use only 1-2% risk Good luck Disclaimer : I am selling DAX from 13095
TVC:DEU40Short
by HayatoDragonFX