The German stock index DAX 30 (GER30) was introduced under "DAX" on July, 1st in 1988 by the Frankfurt Stock Exchange. It consists of the 30 largest companies listed on the Frankfurt Stock Exchange based on the market capitalization and liquidity. The trading hours for the Frankfurt Stock Exchange take place from 9:00 a.m. to 5:30 p.m. CET. The DAX30 is usually reported as a performance index, which means that the dividends of the companies are reinvested. In a price index the corporate distributions remains disregarded (this can be seen e.g. in EUROSTOXX50). If a company wants to be included in the DAX, it must be listed in the Prime Standard, it has to be traded continuously in Xetra and have at least a free float of 10 %. Additionally, the company must have a registered office in Germany or the main focus of its traded volume in shares is in Frankfurt and the company has a seat in the EU. Based on market capitalization, the five biggest German companies listed in the DAX 30 are Bayer (BAYN), Daimler (DAI), Siemens (SIE), Allianz (ALV) and BASF (BAS). The development in the DAX is often seen as an indicator for the development of the German economy. As a result, the DAX can be seen as a proxy for European economic health since the German economy accounts for almost one third of the total value of the Eurozone economy. The DAX 30s counterparts in Europe are the CAC 40 in France and the FTSE 100 in Britain.
I think very few people are going to argue about the fact that DAX has changed its character after the big long liquidation bar occurred in the first hour of last Wed's London session.
Yesterday's break has confirmed the range between 12935 to 13000 was merely a re-distribution range. In fact, there were some sign of strength appeared in that range and i was to ...
If you have missed a recent rally you should still have few nice opportunities for buy setups on lower time frames.
Target for current longs is in level 13000 - 13250 where price should reverse.
Hi there, GER30 is setting up for bullish wave, Watch bottom for buy, In case price break up before hitting bottom then wait for the price to give you a correction before you buy.
Good Luck.
Hello traders.
DAX has some big potential for downside. As I can see the correction is an expanding flat in 1D timeframe. It can still keep going up because we don't have any divergence in 1H in up impulse. But, when it completes the C wave, it will go down. Of course, there are some other options, so down move can be a correction instead of an impulse. The idea ...
Hallo guys,
this is the trade i am in already, as to me, techinicaly, there is a double top on the chart, and perhaps it is making the right shoulder as well.
i would bet on this larger than 1:4 risk reward ratio trade.
and the stop loss is little above the current level.
Beste
RandR
Hi traders. Feel's BULLISH to me, with on going of wave 5. SPX support US and weak EURO to.
RSI bullish.
Green Dot on WT_CROSS_LB indicator.
Drive sfae
EURo will meet 200 MA - GREEN line -- SHoRT EURO = LONG DAX
https://www.tradingview.com/x/HJEpZqkI
SPX - Bull Rsi - long call was perfect @ the 61.8% retrace
https://www.tradingview.com/x/1BsAVhkY
Possible long after double low formation over 12.100.
Needs US support.
Frist target to 12.640, 13.050.
If 12.150 breaks short, idea closed.
Good luck :)
