The direction of Ger30 generally is downtrend but it’s possible to touch the height of the channel at 13400 or 13700 so be care about the strong movement
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Downward
Under 13420
Tp.: 13170 & 12960 & 12650
Sl.: 13490
OANDA:DE30EUR
This is a short term deal!
Drawn boundaries mean target.
Drawn lines mean a return on price.
Do not forget that you can not trade without a signal because this is an analysis.
IRFOFC
Looking at the previous weeks gap up close a second time which looks like the same is playing out this week. if price can close below 12910.00 it might go down a little bit more. price is rejecting also where it rejected yesterday.
the strong move up before the drop was some divergence i saw on awesome oscillator.
let me know what you think of my analysis.
not...
Trading feelings is always a bad idea.
While there's a huge gap to fill, and I will play it by 50%, I expect the Dax to fall a lot more.
Filling the gap feels very risky. I won't be surprised if it won't happen.
Hello traders, according to my graphical analysis of DAX, there is a high probability of a decline towards support level showing on the chart .
thank you for watching the analysis, it will be great when you support it with a like, follow me for more market analysis.
DAX now is in Wave C (last leg of Irregular) and propably completed sub wave 3. That is mean after correction wave 4 the next Low (sub wave 5) will be the last Low of the correction and then after completion of this Correction (Irregular ) the uptrend will be quick and sharp.
I am very bullish on DAX, obviously not yet.
Due to obvious reasons (German dependency on Russian commodities) and feared stagnation in Europe are creating selling pressure on European Indexes, mostly German and Italian. OK that's nothing new - but why am I bullish??
War is BULLISH
Obviously I am saddened by the current situation (Slava Ukraine!) but one way or...
With Russia-Ukraine war raging and no quick end in site we entering a new part of the trade in which oversold conditions lead to sharp short covering rallies on Positive headlines.
Now exactly what or when the headline comes is uncertain but the reaction will be over the top give the short positioning. I like to buy DAX on a positive headline vs selling Gold and...
Dax index, now at the sensitive price if can break to down will be down.
Sensitive zone is between 12960 - 13170
Above this will try to make upward
Under this zone will continue their downtrend
