Dax30short
28/10/2020 #DAX30 Looking for more sell but open to pullbackLots of selling yesterday (27 Oct) for #DAX30 #FDAX, closing at the lows.
Selling pressure still on but there might be possibility of pullback. A lot of room to play for the pullback.
12162-86 will present a low risk short zone with purple lines 11940, 11986, 12050, 12110 resistance along the way.
If 12162-86 does not hold, 12230 should cap high of day.
Below targets are 11828, 11720. In the event of panic selling, 11490 should cap low of day - low risk buy level.
DAX sitting at support as bears lick their lipsThe DAX recently broke down below a key daily bid zone (support) and is now sitting right on another around 11960. With the numbers of covid cases on the rise in Europe and further restrictions to come, sentiment is turning very negative for the economy. We are now watching for a big move down and will be looking for a lower high to work from. Either a retest up towards 12309 and then short or a break then retest of 11960.
-------------------------------------------------------------
WE TRADE WHAT WE TEACH
Check out our recent Live Streams from our profile page!!
-------------------------------------------------------------
** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. **
** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated **
** With quality alerts and correct Risk Management, you can learn consistency and grow your account **
** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
DAX - Huge Head and ShouldersHello everyone, as you can see we have a very clear head and shoulders on the 4H and Daily chart. We have started the second wave of covid-19 and we expect a huge drop. Trade safe and good luck!
DAX: Consolidation is possible.Bad news background is not conducive to long positions. Therefore, I am only considering a short position.
Dax30- Next station 11500?Since the beginning of July, Dax30 is consolidating(distribution in my opinion) in a timid H&S (timid because you can barely distinguish the head from the shoulders)
Now the price is at neck-line support and in case of a break the next target is 11500
Look to sell rallies or sell the break
DAX30 target at 12,400 and 12,100DAX30 seems to be dropping slowly and steadily. Take profit levels at 12,400 and 12,100
DAX30 SWINGits been days since DAX30 rejecting @13283 zone as there is a big potential that it'll keep rejecting @12907 zone for now we'll be waiting untill price retest red rectengle zone then its may fall towards @12524 level
DAX Short with France +22,591 New CasesHard to see the DAX climbing much further with +22,591 new cases reported today - that's double since yesterday.
Trade Idea: Short towards daily range support
GER30 Short term SELL Hi traders,
Keep your eyes on lower time frame for your short term sell setups then we will be anticipating a nice wave to the upside to make a new high.
DAX Short / Time for a correction!
since july we have been moving sideways. after the big corona lockdown there was no real correction. we focus on dax short and short the market. goal is target 3!
What are your thoughts for DAX 30?For me they are short long term. I would love to know your opinion on the comment section.
DAX - Monthly; Massive SHORT, long term.Although accounting for a ~+2% currency advantage over US indexes and for an annual +5%-6% equity (stocks) advantage over US stocks, in general,
all that means is that the DAX will sink somewhat slower/less than it's US counterparts. E.g. one should sell this - SHORT -, freely here, as well.
head & shoulder pattern on Daily chart!head & shoulder pattern on Daily chart! it should reach during oct. 13160-132k than flush-down from there until dec and further. Pls consider your own risk and levels. good luck.
DAX Triangle unfoldinghi all,
I guess DAX is currently unfolding a triangle. Triangles indicate the end of a trend. Money is being reshifted.
We might expect a last push higher and then continuation of lower prices.
The retracment of wave (i), ie. (ii) seems to unfold as an expanded flat, which would also a bearish sign.
The inner counting of a triangle consists of 5 legs. At DAX I have counted A-B-C so far. D and E are missing.
Kind Regards,
Merakshi
DAX outlook next weekhi all,
Dax has built several nested 1-2 legs.
I am expecting wave (2) to unfold as an expanded flat and touch resistance at 12674. So price would have bounced from this level down three times. This would support the bearish stance.
Stop-loss for this kind of sell trade is about wave ii (above 12810). If this analysis comes true we can expect a very sharp drop of the DAX. Even worse than the -4%? We will see.
Cheers,
Merakshi
Another downmove left? #Dax #Dax30 #grxeur #tradingviewHello, Grüezi and Moin Moin,
after completion of the correction wave 4
I expect another downmove of Dax to deeper lows.
Another 400 + X points for your poket?
Greeting from Hannover
Stefan Bode
Short position on daxA downward continuation pattern on Dax. Break of current support is highly possible then we hold till the below support and see how it reacts. What do you think?
DAX approaching retracement levelshi all,
In my previous analysis I expected the DAX to trust from an Ending Diagonal Triangle. Now this thrust happened and DAX is approaching significant retracement levels.
I expect DAX to retrace either to 32,8 fib or the level above in the chart. Afterwards wait for price to break confirmation level. Probability is high that DAX will resume downtrend in Wave iii of (3).
Kind Regards,
Merakshi
Dax30- Rising wedge warns of o possible correctionUnlike American Indices, Dax did not made a new high on this previous leg of euphoria, and from June, the rise is forming a rising wedge.
This should be a signal for bulls that the optimism will come to an end soon and at least a correction is near.
I would pay attention to price action under 13k zone and be prepared for a medium-term sell trade
