We can see that DAX30 is losing its grounds a bit, which in a way could lead to a bit of more retracement, given that the index had already enjoyed a decent gain. The slide might take the index to the upside support line and if it holds, we may see another round of buying.
Please see the chart for levels and targets.
Don't forget your stop-loss.
There might be a chance that Tom McClellan's Eurodollar Indicator is telling some people something ... QED1! Commercials Positioning with a certain shift fitted perfectly to Stock Marker and FEF Fund Rate lows... But of course it's different this time .
In our last technical research piece last Monday, our headline read:
"Bearish divergence in the DAX30 CFD – test of 12,450 ahead?"
and not only did we get to see a close of the gap at 12,450 points, but the German index took on further momentum over the last days of trading and tested the region around 12,300 points.
Now, in our opinion, things become...
#Dax #Deu30 #Renkotrade
Hello to all watching my charts-
For the end of the day after finished trading Dax for today
lets have a look what has happen.
LONG : So we are long in all timeframes, and my shortchannel
is totally parallel included Long in the longer channel, thats the reason
i have included here as always, but it sends us no new information
With a thin economic calendar, we want to start the beginning of the week with a purely technical piece on the DAX30 CFD.
After the German index broke below 12,300 points Thursday or last week, driven by a short dip in US equities, the DAX30 CFD went for a test of the crucial region around 12,180/200 points.
'Crucial', because this region can be considered the...
Hello to all watching my charts
In German biggest Index Dax , DEU30 we had had a fake breakout long
and now comes the opposite ofe them here , we have a big falling down in
the short aerea.
Dax fall below both of my black lines = Below of both resistance / Support lines.
So the support lines from 10.7. now changed to resistance levels...
I am just beginning to learn about Elliot Waves, so please forgive me if this is wrong. I am watching for a potential test of support at 12 045 and either a bounce to retest the high within the bear flag, and then a drop, or a break of support at 12 045 and short continuation within my (hopefully correct) wave pattern to test the lower long term trend line around...
Price has pulled back to fill the gap and I am watching for a drop to test the lower trend line at 12 045. On the weekly chart, price has retraced past the .618 level in this bear flag and I anticipate either a bounce from the 12 045 level to retest the high around 12 650 and then a drop, or a break down through the channel at the 12 045 support to continue the...
Hello to all watching my charts.
Today nothing really new here.
Dax is trading in the long channel and now getting at the top
of them little bit in a consolidation mode here.
But my shorttime channel is going steeper and steeper . so
that shows a supports of the long trend of course
To tell a short trigger makes no sense in my eyes at the...
Hello to all watching my charts.
here is the latest update of german DAX
As we all god in the news that the trade communication between
Trump and China will get a new chance , the stockmarkets
all over the world are rising , that has been clear.
So DAX also .
My both Trading Cannels are long, longtime channel and shortime chanel also.