GERMAN STOCK INDEX (DAX)
the general direction is not clear yet, but anyway the price will try to get bullish zone, especially if can break the trend line above 13030 so then will be completion bullish But under support zone will drop till 14480 and more
Hello traders! ⁉️This is my analysis on GER30 . Here we are in a bearish market structure with clear lower lows and lower highs. I have 2 points of interest for shorts, the first if the price rejects from bearish orderblock around price level 13100. The second one if the price fill the imbalance and rejects. Like, comment and subscribe to be in touch with my content!
the general direction is downward because can be stable under a resistance line so under 12820 is bearish the next support line is 12650 & 12480 & 12400 stop above 12830
DAX above the support line will get upward under support line will reach 12830 ========== upward above 13060 tp.: 13160 & 13260 sl: 13910 risk 2% ======== Under 12950 tp.: 12830 & 12400 sl.: 13060 risk 2%
the general direction is upward above the trend line, but anyway the price will try to get bullish zone, especially if can stay safe above the trend line but under 12640 will be completion bearish
The market is in a ascending wedge correction on the LTF and we broke a liquidity area indicated by the horizontal line thus giving us more confluence for our sells. Entry: -We looking to take a risk on the third touch of our channel for sells. -We can also wait for the Market to breakout impulsively and form a continuation correction to enter our reduced risk...
DAX / GER still down for me but I saw some signal to change direction. Trading very careful.
Trade idea! What do you think of this Expanding diagonal (ABCDE) Pattern approaching the Sell region?
the general direction is downward because break strong the next support line is 12480 & 12400
We are in a bear phase in equities and as momentum turns bearish we have taken a short trade at current levels.