Seems like DAX won't be able to break through this resistance level. Maybe time for a short. Waiting for a 4 Hour close
DAX 30 German Index breaking all time highs. Pausing on the weekly timeframe before a breaks out to create a potential weekly demand level on the way up if the second leg is created New weekly demand zones created on the way up. Longs at weekly demand zones
Today, I am looking at the Germany 30 DAX index. It looks like that there might be a continuation of the current trend. Today’s daily candle is a small bullish engulfing candle with a bearish rejection wick. This indicates bullishness, so I will continue monitoring this instrument. For now, the intraday charts are more bullish than bearish, but this does not mean...
Today’s trading analysis is coming from the German Dax market. It has reached the level that I was waiting for it to reach. I wrote about it lat week on my website. The daily candle is a bullish rejection, close to a pinbar. The resistance level from a previous high at 12,950 has been tested and rejected. I would like to see a rejection of the 13,000 level, as...
i see the short most possible to happen from here, don't miss it
Good morning traders. Today we keep the channel UP. 12600 is our main goal for today. BUT remmber this area should be top for now, so beware. our next target will be 12400, but thats for the rest of the week. Drive safe.
Green Area buy region once rejection is seen. Will be adding long in green zone. Risk to reqard not decided yet. Will keep post later, once prices are near the green zone. Trade with care.
Dax30 short daily tend channel to 12.274
intraday possible scenario for DAX Potential targets on the chart. Alternative scenario on the chart. Let`s see. I will comment on the idea, as events unfold. High risk trade! Thank you for your attention.
Long DAX or GER30 @ 12,000; TP 13,000 SL your choice
In this trade target at least the neckline
intraday two possible scenarios for DAX Let`s see. I will comment on the idea, as events unfold. High risk trade! Thank you for your attention.
If we can close below the 10 EMA, expect a move down to the 127%, if we look at the daily you can see we are in a downtrend although it seems like a correctional move! Please take profits quickly, the dax looks like it will break this year highs! I have a link in the description to the daily setup coming!
In my last article I suggested the possible up progression in DAX, but from the current Price Action it seems that we have one leg down remaining as Wave 5, only after this down leg completes will we have a completed Zig Zag and can expect some upward progression after that as previously suggested.
Good morning Traders. Summer sale is here. question is when will we see some retrace. We might just see US continue to slip slope. Just to remind you, in last 2 Fridays we had great volatility. Im still not convinced DAXI had bottomed. Drive safe.