Pattern: Channel Up on 1H. Signal: Bullish as it made the low repeating the Oct 14 sequence. Target: 12750.
Short DAX 30 @ 12,487; TP @ 11,987.52, SL your choice
We have trade talks between China and US today and markets are waiting. A bit more positive bias though as China said it is ready for partial deals yesterday. A break of resistance and 200SMA is more on the positive side of the talks. And negative results will cause a sell off. Good Luck!
This 1H chart confirms my idea on the daily chart.
The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Germany is the strongest economy in Europe. But in Europe is not very good there are more indebted debtors Greece, Italy, Spain ..., England has already fled the sinking ship. And the situation...
Halted at minor support area with high volume. Overextended pull-down through major support. Forming a accumulation zone. This is for the next trading week. After the large pull-down I'm looking for an entry long. I'm wary that we are in a long term downtrend hence my plan shows points of resistance where price might react violently. Especially at the 12055...
Let's see what DAX does after the weekend. This is my expectation of DAX, will look for a position by the trendlines.
Yes its correct. Price has crossed the 0.382 fibo level and it will reach 0.5 level of fibo very shortly and then will be more down. Note: Trade at your own risk. Like and comment us.
As analyzed sometimes before, I am expecting the German Index to be in a bigger consolidative wave 4 which I am expecting to play out as a "abcde" triangle. Within this triangle wie can observe 3 wave moves "abc". I am expecting the DAX to have finished an "a" and "b" wave and a "c" wave could now be about to start which should bring us lower. Therefore I am...
Testing resistance, high probability to buy on the break of resistance, best to wait for retest for extra confirmation before buying. Good Luck!
Dax has opened on monday morning with a expected pullback Move, but how far will it retrace or will it go sideways? Daily stoch and daily RSI are telling us since many days that past uprun is running into exhaustion as the oscillators are turning down starting to leave high levels. We have major key levels that we can easily watch and manage our Risk From...
As price retests the uptrend line, a double top pattern is forming. Divergence on indicators is present. Could take us lower to the 200SMA level. Neckline break for confirmation. Good Luck!
Looking at DAX, weekly chart shows the H&S pattern forming with good divergence on indicators Elliott waves are perfectly respected and by that count we are finishing wave B. Could still go up before the major plunge into C. This could also be in line with recession fears, showing that we have time but the sell off is inevitable. Wave C also moves in 12345...
Potential pattern forming. After completing inverse H&S pattern, now see a new one. Divergence on indicators and waiting for the break of the neckline to short, or wait for the high on smaller time frame. Good Luck!
$GER30 #DAX #GER30 #DE30 dont jump into it to early DAX has risen the past weeks bouncing of 11275 Support and is getting into Resistance Zone were some kind of Pullback is expected. What we dont want to do is to jump in any DAX Trade without a proper Risk Management Plan because we dont want to get caught between some Ranges maybe forcing us out of our...