The German Market Index could see a ABC correction soon, as suggested by the 200 Period Bollinger Bands on the Daily and the RSI. However talking a look at the current trend channel we could see just another final pull up to the 13400-13600 level before correcting. As long as current levels hold above 13100 the long direction should still be prefered with one...
I've predicted that the index will trail back down to the 13,260s where it will find some support before dropping down to the target short exit of 13,150s. There it will either break support again and continue on a downward trajectory to at least 12900s and possibly lower. Short at (or around) 13,300 and enjoy the ride. Currently short w/ 3 lots between 13,250...
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!
Different monthly counts on the german stock index suggest that final leg higher is here, so 2020/2021 may not be so optimistic. Trade well, The EW-Forecast team
DAX is on its way to retest all time's market high. I think that this time we may see a fake structure violation before the retracement from the underlined resistance. Pay close attention to the market when it enters the underlined area and look for a "W" formation to open short. *I am not suggesting to catch a big wave. Just a small retracement to a recent...
DAX is on its way to retest all time's market high. I think that this time we may see a fake structure violation before the retracement from the underlined resistance. Pay close attention to the market when it enters the underlined area and look for a "W" formation to open short. *I am not suggesting to catch a big wave. Just a small retracement to a recent...
I will open Sell position if the price will make a false breakout of Historical Level 13204.5. Potential profit will be in 3...5 times bigger than risk. Before to trade my ideas make your own analyze. Write your comments and questions here! No need to write it in PM. Thanks for your support!
Stuck in a range, now waiting for the break to short. First target at 13000. Good Luck!
Trade on chart Price failed to break resistence Did the retouch failed to break it again Entry point purple TP golden line SL above the 13000 line Enjoy!
sell #dax 12402 and TP1=12285 take half of your gain and try to go to fill the gap on TP2=12187 ,also when u are around 12250 made a SL at 1290 like that if he up u are safe and with gain #dax30 #germany30 #dowjones #nasdaq #cac40 #sp500 #usdjpy overbought for china us trade talks i am sure e are on buy THE RUMOUR AND SELL THE NEWS
The German Stock Index had a phenomenal uprise since the break of resistance around 12475, but at some time every Party has to at least close for a few hours to clean up the mess. German Stocks where pushing strongs with gains about 10% - 20% across the board and the whole market has positioned itself in overbought territory where Profit taking will come into...
find sell set up, this could be the top breaking the high again were out of this trade
Overbought reached again on daily, perfect risk-reward for a short into wave C.
A favorable response out of Germany in the last few weeks to the economic and geopolitical data leading news headlines. The German Dax rallied a full +2.38% on the week before settling up +1.42%. This is off the back of comforting U.S. - China trade negotiations looking up. As a major exporter, Germany will benefit massively from a favorable deal between the two...
After another retest of the broken channel, price is finishing (c) wave in a bigger B wave. Now looks like time is coming to start shorting DAX into C wave. Price showed strong rejection from the top. After big sell off on Friday, we could see a pullback tomorrow before selling continues. Overall long term target is down to at least 11200. Please comment your...
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...
I am testing this finding. It it works then you can add it to your tool arsenal. I wonder when this opportunity will occur again though. The more knowledge you have, the better.