Been in a prolonged downtrend on the German Dax...world equities really, and it seems we began to bottom out here. We stopped making lower highs and lower lows. We hit a support one and from there have gained some bids. Seems we got what appears to be a wedge/triangle break above a resistance zone on the 2 hour followed by higher highs and higher lows. A good...
Like the big US Indices DJ:DJI and SP:SPX we got a MASSIVE bearish divergence and a an ascending wedge on the 2 Months chart. The German Economy really does not exude confidence since the creation of the Euro. As we know the EZB is already on an interest rate of 0% and there is no mild exit anymore from this state of economy in the Eurozone. Soon we will see...
Not a textbook head and shoulders, but this is real life. What the head and shoulders tells us is a shift from one trend to another, we see this with the swings. The German Dax had a break below a support/flip zone as other equity indices also sell off. This is a nice and strong break, but again, perhaps await for the Federal Reserve to speak before entering....
DAY TRADE - EXPIRES AT 9PM Trade Idea Trading within a Corrective Channel formation. Bespoke resistance is located at 12300. There is scope for mild buying at the open but gains should be limited. Broken out of the Head and Shoulders formation to the downside. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. Stop:...
DAY TRADE - EXPIRES AT 9PM Trade Idea Trading within a Corrective Channel formation. Bespoke resistance is located at 12300. There is scope for mild buying at the open but gains should be limited. Broken out of the Head and Shoulders formation to the downside. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. We look to...
DAY TRADE - EXPIRES AT 9PM UK Trade Idea Trading within a Corrective Channel formation. Bespoke resistance is located at 12400. There is scope for mild buying at the open but gains should be limited. Continued upward momentum from 12195 resulted in the pair posting net daily gains yesterday. Preferred trade is to sell into rallies. Expect trading to remain...
DAY TRADE - EXPIRES AT 9PM Trade Idea Trading within a Bullish Channel formation. We have a 50% Fibonacci pullback level of 12130 from 12661 to 11600. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. The medium term bias remains bullish. Preferred trade is to buy on dips. We look to Buy at 12130 Stop:...
DAY TRADE - EXPIRES AT 9PM Trade Idea Broken out of the wedge formation to the upside. The medium term bias remains bullish. Bespoke support is located at 12226. Positive overnight flows lead to an expectation of a firm open this morning. Further upside is expected although we prefer to set longs at our bespoke support levels at 12300, resulting in improved...
Trade Idea Trading within a Bullish Channel formation. Bespoke support is located at 12435. Positive overnight flows lead to an expectation of a firm open this morning. Further upside is expected although we prefer to buy into dips close to the 12435 level. We look to Buy at 12435 Stop:12365 Target 1: 12675 Target 2: 12800 Updates The move to 12435...
Hi traders Its time to short dax for shorterm or look 4 LONG @ the trend line drive safe !
Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone...
20-Jun Stock investing strategies XETR:DAX Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward...
DE10Y vs BAS.DE : BASF stock price tends to lead German 10 year yields. Currently, BASF signals a rate spike is in the cards followed by another low in DE10Y
DAX has a nice rally today. Could be the end now, with a pivot point forming on the 4H EMA200. We are in a downtrend channel, and 11500 is a key level that has to be retested ! Let's see, Powell and the FED announce might push the price higher, so manage your risks
With the majority of global stock indices on a seasonal correction, DAX hasn't escaped the pattern and is down -4.85% from the 2019 highs. What stands out is that the downside on this correction is limited to -5.85% (avg) based on the last occurrence of the Golden Cross (MA50 over MA200) on a similar candlestick pattern. In 2016 following the post Brexit rally...
We have a simetrical triangle, the trend is upward, so watch for a top breakout. Tomorrow, 23 may at 10:30 and 11:00 am we have red news, so keep an eye on it.
We are at the bottom of the trend line. Very prommising buy.