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Dax30long

DAX SHORT The Power of Trendines and TrenchannelsToday i bring you here some eduction which i found very helpfull for traders. The trend is your friend we are always told, but what is trend ? To get easy in touch with a trend you have to check trendlines which can be mixed with support and resistance lines to check a trend change. Trendlines need in minimum 2 trend points to draw. Normally the trend is building up and in that case the trend lines going more and more in the same direction as i have marked it in purpe, till trend channel is establised ( marked in blue) If you found such trend channes the probability that these trend continous is very high. Please check for the red lines as short channel also. ` ------------ To have a closer look of trading i am writing a trading book about my more than 10 year experience in trading its free at the moment ,if you are interested in let me know by mail. Good trades
TVC:DEU40Education
by Renkotrade
Dax LONG end of 5.4. What will happen now ?Hello to all who watch a charts. Dax is still LONG, I think that's clear But what can we expect for the next trading days ? As you can see I have now drawn 2 support lines in red below these Dax should not fall for further long positions. That's the first at 11974 (ca) and the second at 11963 (ca) so we say : A range from 11960 to 11980 is our support zone for tomorrow , Monday. If Dax - DEU30 falls in 1 hour Renkochart below these support zone Short is announced. Have an eye on these key support zone. (Please always wait for the end of the hour ( end of 1 HR Chart ) to check and to avoid wrong signals) If these zone hold then I see the Dax continue long. If not Long positions should be closed immediately Good trades
TVC:DEU40Long
by Renkotrade
DAX LONG 1HR end of 04.04.2019Hello to all who watch my charts. For days DAX is in an upward movement and in a fairly wide Long channel. As you can see, the distance to the lower channel band is quite large. It currently runs at about 11860 and that is a good 120 points below today's closing price. In addition, we are at a round number Having arrived at 12000, that has always shown the past of similar marks leading to a breather of the market straight up. Today we have developed a new resistance at about 12028 what leads me to the assessment together: Long continues, yes, but only once is a break in the Long Trend expected. The Dax can fall but without problems until just 11860 without that should lead to a short position. I would not start new positions because of the 12000 points mark. If you want to make a channel trading, which would have been very successful in recent times, is a fall on the 11860 or the equivalent value of the lower Long Channel the next few days to wait. And if you have checked my last post of DAX here at teh bottom of 11330 found, you are more than 600 points up and maybe a rich man.. Good Trades to all
TVC:DEU40Long
by Renkotrade
DAX DEU30 SHORT Situation end of 21.03.2019 Hello to all who watch my charts. In the Dax DEU 30 we have a short situation since yesterday. As I posted Dax was allowed to fall to the lower line of the Long Channel. But not below. Yesterday it dropped significantly below and there is now a short channel formed, which I have marked in purple. I've simplified the chart image a little and a few insignificant ones Resistance lines faded out. Now it looks very clear: Dax DEU 30 in Long Channel (purple) and then in a short channel since yesterday (red) What happened: In addition to the unexpectedly bearish Fed meeting, we also have some special features to note in the Dax DEU 30: 1. A big weakness of Bayer 2. A new fainting of the auto stocks, there are the quarreling E Mobility is not as easy to master as previously thought. In addition, declining expectations. All this together has now become the Dax DEU30 from an outperformer index days ago to an underperformer index. We have to hold that for now. Now Dax can slowly move back and forth in Short Kabal or fall directly to the nearest support at 11420. For rising prices, I currently see no beginning, If a new long opportunity should start, Dax would first have to get out of the short channel. Then we should re-evaluate the situation
TVC:DEU40Short
by Renkotrade
DAX Long Situation end of trading day 19.03.2019 Hello to all who follow my charts. The Dax runs exactly in the long trend channel up I have drawn I marked it red again so that he is better to see. The dax today has 2 new resistance lines taken out of his way, which I have now marked as support in blue. These are the two upper skewed straight lines at about 11775 (current state) So he has continued to build support. But even a downward setback in the direction of the lower red channel line would be completely uncritical and would not destroy the setup Currently at 17:30 German time clear a long setup --------------- --This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research--- ----------------
TVC:DEU40Long
by Renkotrade
#DAX30 A mine on the way!An obstacle in the way, in the last few days we are on the upward trend that is still real today, so to those who ask how long will the gains continue? The answer in the graph above, We expect the dax30 will continue rise to the 200 Moving average and then it can give a downward correction Once this happens we will have to follow and see whether the decline will be just a correction or that it is a decline that will change the trend Buy Dax 30: Take Profit: 11790
XETR:DAXLong
by xosignals
DAX LONG Situation end of 15.3.2019Dax is going straight on in the long setup run The trade setup is exactly as in my last DAX post We are in a long swing here as described What is new: We have a long setup now in a establisehd long CHANNEL ! I have marked them in red color. As far as DAX is trading in these long channel all long positions shold be save Even if Dax tumples out of the channel thats no sign of short at once its at first a sign to be cautious with new long positions All above 11611 is a long in my view and even if it goes below 11611 maybe we will see only a more weeker long channel established than. Only trading below the red support line is a sign of sort. But thats far away at the moment at 11560 aerea. Don't forget to like if you appreciate it.... ------------------------------ My ideas are not a recommendation to buy or sell. Everyone has to do their own research --------------------------------
TVC:DEU40Long
by Renkotrade
DAX LONG Situation end of 14.3.2019As described the days before DAX has made a new Long setup verify to see at the new red marked trendline long For the next trading day: If Dax can not hold the strong long setup there is a blue marked long support line below where Dax could hold and stay in long If these trendline also breaks there is the big support ( have colored in black) at around 11420 which decide Long from Short aerea. So in other words: Long setup above the red trendlines Cautious on long positions between the red and the blue trendline Stopp long positions = Neutral aearea between the blue long trendlne and the black big suppport line Trading below the black support line is a Short setup - Don't forget to like if you appreciate it.... ----------------------------------------------------- - My ideas are no investment adviced you have to do always your ow research -
TVC:DEU40Long
by Renkotrade
DAX LONG end of 12.03.2019Dax today has not his strongest day. Starts with a big jump and starts exact as the resistance at 11615 hat a little bit resistance here i call this to 111620 and than a direct fall to our well known long trendline we have seen now many days in Dax chart. I have marked them in purple. From these support DAX could bounce back a little at the end of the day. But the red marked new stronger long trendline DAX could not hold So at the moment we are in a nowhere terrain it is still only little bit long For tomorrow Dax has to stay above the purple trendline for long- It Dax fall under the (now thick marked ) blue support line at 11420 which is of course far away at the moment , the chart turn directly to short A trading between purple and thick blue i would mention as neutral. So under line: Trading above the purple line = long Trading between the purple and the thick blue line = close long positions. Trading under the thick blue line = short setup. - --This information is not a recommendation to buy or sell. It is to be used for educational purposes only - also do your own reserach---
TVC:DEU40Long
by Renkotrade
DAX Long on track again end of 11.03.2019Hello to all friends watching my charts Now today german DAX has made a positive return today in the long track again. Maybe you remember my Nasdaq Chart from end of friday trading where i told that thees reversel may come Please check the chart now. Dax has managed to come out of the short channel and climed above the upper line of the channel i have marked in red. As you se now the lower line at around 11420 is in blue again, shows us that these levels are now support levels again which is important Now we have a clear tracking view: Trading above that level 11420 and upper level is long now Crossing again under the purple long trendline to the blue support 111420 is neutral and trading under these blue line level as minimum end of 1 HR bar is short now All trading above these level is either long or neutral --- My ideas are no advice to buy or sell anything you allways have to do your own research ---
TVC:DEU40Long
by Renkotrade
DAX SHORT Sitation at end of 08.03.2019 SHORTDax is going down exact as descriped in the new trend channel Nothing really new things happens today. What to mention is: Dax found support at the support line of around 11410 - aerea 11421 - 11420. Mabye from that point Dax can revcover now to the upper line of the red marked trend channel down (Up to 11500 aerea is free spcae there till end of mondays trading day.) But only a break of these down channel upper line would shows us a stopp of the down trend. To the lower side the next support level i have shown as blue lin ein the chart is at around 11370 to mention. So be carefull wil longs against the trend and always remember your stopp loss.
TVC:DEU40Short
by Renkotrade
Elliott Wave View: DAX Structure Remains BullishShort Term Elliott Wave view in DAX shows a bullish sequence structure from December 28, 2018 low, favoring further upside. The Index has potential to reach 100% extension towards 11912 – 12157 before ending cycle from December 2018 low. The rally from December 28, 2018 low is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 11321.62 and wave ((X)) ended at 10865.31. Wave ((Y)) rally is unfolding as a zigzag Elliott Wave structure. The first leg wave (A) of this zigzag ended at 11676.86 as 5 waves impulse. Up from 10865.31, wave 1 ended at 11217.3, wave 2 ended at 11018.95, wave 3 ended at 11556.87, wave 4 ended at 11416.08, and wave 5 of (A) ended at 11676.86. Wave (B) pullback is now in progress to correct cycle from Feb 9, 2019 low (10865.31) before Index resumes the rally higher. We are looking for 7 swings lower to complete wave (B) in 11445 – 11341 area where buyers should appear to resume the rally for new highs or produce a 3 waves bounce at least.
TVC:DEU40Long
by Elliottwave-Forecast
Situation DAX 05.03 13:15 Near SHORT Aerea Pay AttentionAs we have seen the last days there is a stringend roof resistance i marked in orange . DAX is now at that moment 13:15 sitting on the Long trendline If it holds we will see more buyers coming in. If it breaks we will fall to the lower Long trend line i have marked in Purple. If that will not hold the Long is gone and we will go in short aerea. All Resistance lines i have marked now in orange and support lines are still in blue color.
TVC:DEU40Long
by Renkotrade