If you are interested, wait until price gets into the yellow box. Then open your trade using proper risk management.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Price in indices saw heavy fall following news out of Asia property development sector with risk off trading favoring Yen and USD. With this multi-monthly structure expecting price to reverse off the sell off and produce some demand in the market.
hello traders and investors ,
DAX 30 (German 30) unable to make new high , 14140 is become strong resistance .
as we see double top here it is good sell signal , but we will wait for neck line to break and retest before going short.
with target 13400.
📍 DAX gaining tempo
The previous 2020 macro map, outdated as it may be, contains the overarching manoeuvre which we can now describe as a compounding play.
It is as follows: my models started to pick up on the alarm bells towards the back-end of last year, and hinted of DAX making revisiting 10,000. The compounding is going to be of great importance, when we...
German DAX 30: Which three humps will it be?
If you look at the past months, you can always see the three upward humps on the 3h chart of the DAX (look for the blue MA48 line on the chart): 1-3-5, 1-3-5, ...
Well, I wonder which three humps will be in the next few weeks?
This diagram portrays the position from the initial 2020 Macro map which I posted on December 31st 2019. The position arose after I called the end of an economic cycle and positioned with the intention to defend. We overshot the lows and snapped back, it is worth pointing out that sellers have significantly better chances because of the strong resistance.
THE GERMAN DAX 30 HAS BEEN TRENDING NICELY OVER THE LAST FEW MONTHS AND IS STRONGLY BULLISH ON THE HIGHER TIME FRAMES.
TAKING A LONG POSITION ON THE MONTHLY CHART WITH A GOOD RR RATIO.
WILL ADD MORE ENTRIES TO MY POSITION ON SWING-POINT LOWS TO JOIN THE MAIN TREND. PRICE IS CURRENTLY ABOVE THE 200EMA AND HAS CLOSED SUCCESSFULLY OVER IT.
13250 resistance zone
Candle is still pretty bullish.
wait for a small consolidation with rejection candle before taking a short.
Do note, it is a counter-trend trade, the structure is still very bullish.
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
I believe DAX is in a bullish market looking at the top 30 German companies however my indicators and technical analysis are telling me that the market is now turning bearish so it looks like it could be a short term long position then a short term position.