Dax30long
Dax daily: 12 Aug 2019The last session of the previous week did not offer something really interesting. Our support at 11 716 did not work as a point of reflection, but rather as a place where the market slowed down for several hours. Today we are opening with a long gap.
Important zones
Resistance: 11 899, 12 031
Support: trend line
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
We have an increased probability of 57% to close the gap, for this reason we can expect a slight short move towards the trend line where we could find buyers and head towards 11 899. If we break through the Friday's low, the hypothesis of the test 11 899 will not be valid anymore, rather we can expect chop in the Friday's range.
DAX DEU30 SHORT Longer Time OutlookHello to all watching my charts
After the last break of the trendline (purple line)
(please check my last DAX post here a few days ago)
the chance of long has not fullfilled and Dax stays in the short
signal aerea with lower and lower and lower prices.
So what comes next ?
Of course i am not able to tell you the future
but some things are to mention.
1. We have made a big loss, so maybe we will get a rebound soon.
2. In the longer view Dax is still very very short positioned
3. Next hold ,so to say as support is 11300 (low from april)
4. For change to a long signal in my eyes we have to jump above the last bigger resistance and this is really far away at
12200 / 12250
I draw 2 black lines here at these aerea.
Only above these level its a long chance.
From the level now 11600 to 12250 its a no ones land i think.
Good trades
If you want to support my work and my charts please like them..
Renkotrade
DAX SHORT but we wait on a Trendchange Power of Trendlines Hello to all watching my charts
Today i will show you trhe power of trendlines and broken
trendlines as trading points.
For example here is the DAX Germany DEU 30 index on base 1 HR
We are
long since 4.7. 11925 / broken left blue trendline
short since 9.7. 12400 / broken purple trendine +75 points
long since 15.7. 12400 / broken blue trendline
short sine 17.7. 12400 / broken green trendline
long since 19.7. 12327 / broken yellow trendline +73 points
short since 25.7. 12378 / broken purple trendline +51 points
and we are waitin for a long signal at the moment
In total ca 200 points with a only few trades no hustle and bustle
Good trades
If you want to support my charts and my work, please like them...
Good trades
Renkotrade
DAX DEU30 SHORT After pullback to the resistance level 1HR Chart#Dax #Deu30
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 /lines
And exakt at that level Dax today headed (12320)
Such a change in mind from long breakout / fakeout LONG to SHORT
is a big change in market view.
So i estmimate here in Dax lower prices in th next future
Good trades
If you want to support my work and my charts,please like them...
Renkotrade
DAX LONG 1 HR DEU30 LONG 1 HR CHart#renktrade
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.
Thats not surprising.
For all which need a mark for a trend change the next days if
have bring with here for you my new arrow system
(SIGNES a TIME and a LEVEL for a trendchange)
but i doubt that Dax will really fall in that way to get in a short chance.
So i do hope here you are in a long position now.
Good trades
If you want to support my work and my charts please like them..
Renkotrade
Dax daily: 28 Jun 2019Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone of 12 229 all the way towards 12 191, which functioned fantastically.
In the end, our analysis scored another success point as we fulfilled another statistic of price closing inside the previous day range, which had a probability of 87%. Today, we open with a small ascending gap.
Important zones
Resistance: 12 344
Support: 12 120
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
G20 Meeting
Today's session hypothesis
For today, our chances are pretty balanced from the Price Action perspective. Nevertheless, it's important to mention that yesterday's lower price rejection was significantly vigorous. For such reason, Dax is likely to rose climb towards 12 344 where we could find some sellers and return back to yesterday's range. Due to the G20 meeting in Japan, we can expect a slower price movement and nervous markets.
DAX DEU30 LONG 1 HR 20.06. 4.00 p.m. german timeHello to all watching my charts
Dax LONG
Today the Dax is since the EZB announcements
and FED meeting in the bullish aerea again
And the Dax is exact in the middle of my channel , so at the moment
nothing in front what for me can change the setup quickly
We have some resistance at around 12400 from may
but in may oppinon "Trend beats resistance" and i would stay
long. Thats my personal view, no trading advice.
Good trades
Renkotrade
Dax daily: 17 Jun 2019Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in this range.
Important zones
Resistance: 12 148
Support: 11 987
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
19:00 CEST – ECB President Draghi Speaks
Today’s session hypothesis
The gap has already been closed so we’re short of one daily target. If we find bearish momentum, the price could head lower to retest the weaker support at 11 987. Talking about higher levels, there is one weaker resistance level at 12 148, however, if the price gets all the way there, it is likely Dax will retest the Friday’s high and the zone of 12 200.
Elliott Wave View: Further Strength in DAX Short TermElliott wave view in DAX calls the pullback to 11625.31 as ending wave (W). This move lower ended the decline from May 3 high. The Index thus is within wave (X) rally to correct the cycle from May 3 high (12435.67) before it resumes lower again. On the chart below, we can see the rally from June 3 low (11625.31) is unfolding as an impulse Elliott Wave structure. Up from 11625.31, Wave ((i)) ended at 11744.93, wave ((ii)) ended at 11689.51, and wave ((iii)) ended at 11972 peak and wave ((iv)) at 11109 low and wave ((v)) at 12055 peak in red wave A.
It should now pullback in wave B to correct the cycle from June 3 low in 3, 7, or 11 swing before turning higher. We don’t like selling the Index.
Where is the bottom? I am still on the short sideRunning two shorts atm - 12079 and 11919
After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 -
Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short.
Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through 11640.
Will hedge in-between for a scalp long, until there is an ease and enough reason to add a big long.
DAX - Waiting for BullrunIt is not yet time to Buy but my traningplan for the next bull run is ready. So the only what i can do is wait and trink one, two, three,... bottle of beer. :-)
Wish you all a nice Father's Day and who it is not yet, maybe just Beginning today ;-)
Greetings from Hannover
Stefan Bode