Dax30short
DAX30 possible bearish moveWith ECB's uncertainty we may see a bearish move in DAX, after all we have finally reached the long awaited 13000 mark it's about to have a downward movement. let's see how this day rolls :)
A continuation of the DAX analysis - lots of consolidationPrice is just consolidating on the 1H at the moment. And it is now looking like we are getting another flat. The overall long-term view remains the same, still expecting a big move down. But for the current analysis, it is looking like we are getting short-term flat to go up 1 more time.
A continuation of the DAX analysis possible 15min flat structurePossible down-move might be coming now. On the 15min we are getting a flat structure, which could indicate the beginning of the move down. Only patience will tell whether we will get this move or not. If any other structural changes happen I will reevaluate the analysis and readjust accordingly, but for now, my trade thesis is the highest probable one.
A continuation of the DAX analysis - Expanding or Running Flat?We broke the top, so I can eliminate the regular or contracting flat idea. We are now either making an expanding or running flat. There's lots of divergence which suggests buyer weakness. The buyers have been fighting for a while, and pressing the price up, but it looks like price and sellers are getting ready for that down-move now.
DAX analysis continuation Looks like price decided to go up once more to break the top, and it created a similar structure to what we had before, 'a running flat'. The analysis remains the same for now, the bigger picture still looks like a regular flat for 1 more big move down.
A continuation of the DAX analysisLooks like the down-move is beginning, look for it to go down and break the low, which would complete a regular flat. On the 1H time-frame, it formed a correction, an entry point, from which you could have sold, and the structure is currently making such a correction again, giving you another clue that the sellers are still strong, and the structure will continue down.
Triangle on DaxTHe question is, which move next. For me more propably is break down, but still need to wait of comfir.
Possible scenarios for DAX - based on structural analysisWe still haven't completed any patterns, 4 types of patterns are still possible to play out, a regular, expanding, contracting, or running flat. It all depends on whether we break the top or not before the down-move starts. But it seems like we will have 4H divergence, and the RSI is crawling up to overbought territory. Both indicators suggesting buy weakness. Which indicates that the down-move might be close. OANDA:DE30EUR
DAX head and shouldersOn 1h interval we can identify a potential head and shoulders formation. Sadly confirmation of this move would be dodgy if the move would start after Europe closing. I would watch closely Volume and what happens in US stock for the rest of the day. Risk and Reward ratio seems promising but I would beware of playing that if the move is not confirmed by volume. MACD seems to confirm this move.
DAX short - trade in the correction of the daily long trendCorrection of the daily long trend is valid from 10 June, so I'm in short mode. The last impulse move to the upside was quite steep, so a deep correction is possible, and FIBO 50/61.8 levels could be tested (marked with gray - correction zone / FIBO 38.2 already done).
Target Zone 1 was calculated by the correction of the correction on H4 and its FIBO 161.8 points to a daily support level, therefore, likely to be a great target.
The prevailing long trend remains until price SIGNIFICANTLY closes below the starting point of the last impulse (close of 14 May). For me it resumes with a SIGNIFICANT close above 12 565.1
short on daxDax is in a ranging market at the moment, We can see that clearly, depending on how this market moves we could see a breakout above the top resistance or we could see a continuation of the range. If it breaks out i will wait for a retest tomorrow, if it doesn't i will be looking to short depending on price action.
#DAX - Comming Trendchanging? June 19, 2020 #GRXEUR #DAX30Back from my two-day training seminar (trading/investing) and a big applause to the eager participants. It was a lot of fun again, even if it was certainly a lot of input for you and the heads smoked.
You are perfect and you will rock the show in the next months and years.
But now - Mr. Dax.
There are signs of a possible trend reversal and I want to be prepared for it. After 3 months of upward movement, trend is tiring at the moment. If a reversal is established, then there could be a next downmove.
Ideally, we still have some time to position ourselves and to wait for the weekly closing and hopefully the month/quarter closing candle next week. Nevertheless I need a tradingplan.
Currently still on sideline but always be ready to enter the market.
Greetings from Hannover,
Stefan Bode
DAX - shortDax correction or long term?
Regardless - we are short
What can we see technically? A strong supply level. which price has tested and was respected.
The imbalance of the supply is evident due a strong engulfing on the daily .
Targets are the zones market on the chart and beyond .
If the daily target bounces - we will allow price action to either reject the zone or use the zone as a swap zone.
Fundamentals behind the move are caused by the virus second wave, Brexit and recession in Germany.
Further to this stimulus bills in place to keep Germans from losing respective jobs.
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Thanks,
Team Lupa.
DAX is resting for now, what am I looking for here?Hello guys,
the price on EUREX:FDAX1! is resting within quite a small trading range. Generally, the longer the price rests, the more volatility we can expect after breakout.
So, what are my expectations here and what am I looking for? Check in the video! :-)
Have a nice day!
John
FINEIGHT Team
DAX: Retraced 2/3rds of drop from 12900. 2nd leg lower?If a second leg lower after the drop from 12900 is to occur - the DAX sits in the 'hot spot' between a 50% and 2/3rds retracement of the 1st decline
#DAX - June 19, 2020 #DAX30 #GRXEURToday's triple witching day can be volatile, so here are my variations.
If Dax no longer reach 12,486, I still expect another downward movement.
Bearish price targets would be at 11,763 points and 11,305 points.
Therefore, 12.486 should be seen as a StopLoss mark.
My goal is to set SL on entry point because a reversal of the trend could also take place in the area of 12.208 and 12.095 points.
There is no free lunch, at least at the stock market.
Have a good trading day and a nice weekend
Greetings from Hanover, Lower Saxony
Stefan Bode
People shorting DAX from today and I just see a 1-month longElliot waves, FOMO theories, early throw-back, people thinking it is overbought. I mean, these opinions are perfectly respectable but I see a bull channel that might be ending in July 14 to then experience the throwback and lack of FOMO that we can see around the DAX's ideas section. So Short term (1-month) is long for me and from then on short the index from its maximums. Something similar happens with S&P500.
#DAX - June 18, 2020 #DAX30 #GRXEURThe Dax has not yet finished its upmove, but broken out of small triangle with a classic retest. Dax should not touch 12,768 level, so I expect a further downward movement.
Bearish price targets would be 11,763 points and 11,305 points.
For the rest of the tradingplan, the 10,825 points should not be touched again.
Good trading day to you.
Greetings from Hannover
Stefan Bode
#DAX - June 16, 2020 #DAX30 #GRXEURDax30 should end upward movement B and change into an downward counter movement C.
A bearish target would be 11,500 points and maybe 11,000 points. Thats 700 - 1,200 points from the current level. Looking at 12,420 level for entry Short.
However, the 12,770 should not be touched.
Have a good trading day.
Greetings from Hannover
Stefan Bode
