Dax 30 Short setup, dragged down by American Indexes.
DAX is in a nice upward channel and is also sustained by the growth of the OIL in the last few weeks.
1) Most indices retraced 50%, and we are at a very important turning point: if indices breakout cleanly there resistance (for instance SP500 at 2610.8, among other ones) then I would reassess my short bias as we would go back to potentially bullish territory (however, this would mean that the world and its economy become rosier --- no more issues!). The DAX could...
DAX is approaching our first resistance at 11716.39(horizontal pullback resistance, 50% Fibonacci retracement,100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 11042.54 (50% Fibonacci retracement, horizontal overlap support) Stochastic (55,5,3) is also approaching resistance where we might see a...
Just my opinion. Targets to reach bottom of C. Then back to the main wave, starting the 5th wave.
I am going out on a limb here -- but that's what the good old DAX is going to do in my opinion. This is not a trade recommendation. Always use your own mind to decide for yourself. Take care.
During this turbulent time of tariff imposing between USA and China, indexes have changed a lot in the way of movements, and the reactions on speculations are extreme, leading the spikes to be in hundreds and thousands of points in both directions. GER30 particularly has been very sensitive, thus a great possibility to trade with, but also very risky on the short...
During this turbulent time of tariff imposing between USA and China, indexes have changed a lot in the way of movements, and the reactions on speculations are extreme, leading the spikes to be in hundreds and thousands of points in both directions. GER30 particularly has been very sensitive, thus a great possibility to trade with, but also very risky on the short...
Pull back to re test broken level is ongoing, wait for buy signal and go long again.
price created H&S pattern and broke the trendline. we had a clear break out candle and now i will waite for a retest and enter long
Fractal copied from the period 2017-12-12 - 2018-02-09
iShares Euro Total Market Growth Large UCITS vs iShares S&P 500 Growth ETF -> Earnings Growth NTM ratio between europe and USA (Next twelve months - forward price guidance)
My take as a starting point for analysis.
earnings growth europe vs USA - reason for europe to outperform ...
Trade Alert Given that DAX has now shifted above its short-term downside resistance line, it increases the chance for the index to travel further up. Looking at the 4-hour chart, we can see that the 200 EMA has held the price down and currently acts somewhat as a resistance area. At the same time, DAX is currently running above its short-term upside support line,...
Our signal for the DAX is BUY, we are believe the resistance will fall soon! and the Dax will continue a short UP trend and will follow the American indexes!