DAX analysis for 3.4.2020Good morning, traders!
yesterday we were expecting some drop on EUREX:FDAX1! , the price was very lazy in the morning but eventually we got about 220 pips drop. Nevertheless sellers were not strong enough to break yesterday's low and the price came back up. The day closed as an inside day to the previous one. What does that tell us? There were no new information in the market yesterday which would move the price in any direction.
Therefor today the same prediction is still valid. We are aiming for short unless the key rezistence of Wednesday's high is broken. If that happens, we stay in range and can start to look for long opportunities.
Have a nice Friday and trade with patience.
FINEIGHT team
Dax30short
#dax - Next shortidea #dax30 #grxeurYou like the idea? Then thumbs up and like + comment.
You don't like it? Then thumbs up and the criticism in the comments.
If you are not short yet, you can go short now.
But if you are already short, you can also pyramidize.
For the last opinion, the stop of Trade 1 on deuce, so that no more money is lost on this trade.
Then type in Trade 2 and it would still have a CRV of 6.3 to 1.
Total risk would be 1% of the portfolio but the chance of trade 1 would remain at 8.1% portfolio growth and that of trade 2 at 6.3%. Together this gives a 14.4% portfolio growth chance with 1% risk.
Greeting
Stefan Bode
#DAX30 - It will fall again?!👍👍👍 Thumbs up + Like it 👍👍👍
Will the Dax fall straight to 61.8 at just under 7,400 Daxpoints or will the Dax take the indirect route to 11,000 points before the next sale starts to 7,400 points?
Either way, I can't see much positive in the DAX at the moment.
If Easter does not announce the end of the flu panic-mongering, then everyone will save themselves and their loved ones!
Only where to leave/emerge, because the option of the Hessian Finance Minister is definitely not available as a solution.
How do you see that?
Are such private thoughts appropriate for the euro area?
Can the german people be calmed again by a video message from Angela Merkel?
Greetings from Hannover
Stefan Bode
Idea for Dax30 ShortHi,
I am learning Elliot-Wave. I have a Trading Idea I want to share with you.
Basically I see two possible scenarios. We are in a bearish Impulsive-Wave as you can see in the read counts or we are in a bullish correction if you look at the green counts.
Any way I think at the 61,8% Retracement (10725)of the c or iii wave is a nice entry for a short with a Stop-Loss at 11.625 right below the a or i wave. The Stop-Sell would be at the 61,8% Retracement of the i or iv wave at 9200. The C/R is 2:1.
No matter which scenario is correct. Here is a possible trade that works in both versions.
What do you think?
DAX30 possible scenario, very important day!
Strong reaction in the night of the American futures which once again have been crushed on the lows, Asian choral bullish movement that pull prices back to the highs of the week.
Today if the scenario is confirmed also in the USA and in the EU, the closing of the highs of the important 8 days just passed will anticipate the bullish exit of the powerful weekly setup and the probable restart of the annual cycle
DAX - Dead-Cat-Bounce - FINANCIAL CRISIS OPPORTUNITIES 2020German and European stock market is in a very bad shape and is crashing much faster as during the DotCom bubble and faster than in 2008!
All major indices crashed during last few weeks, but the DAX looks weaker than the Dow and S&P500 . It is a flash crash with extremely high bearish momentum, which broke through the 50 and 100 MA moving averages! The 200 monthly MA is at around €8000 and this may hold support.
I expect a strong short/intermediate-term bounce from the support zone between €8000 - 7000 which could initiate a rally up into the dead-cat-bounce zone which is between €9.150 - 10.000! Sentiment is extremely fearful and dump money is leaving the space, therefore I think a big bullish bounce will come soon (dead-cat).
Long-term bearish outlook:
On the weekly time-frame a triple MA death cross is nearing and is only a few weeks away.
Price broke below ALL major weekly MAs (50, 100 and 200 MA). Price action below major MAs -> bear market!
A Coopock Curve sell signal will be triggered soon (when COPP curve crosses below ZERO line).
This could be the beginning of something big and it will be worse than 2000 and 2008!
The long-term debt cycle is ending and this in combination with toxic leveraged derivates could result in a debt death spiral!
Ever increasing government spending, more and more bureaucracy, increasing taxes and negative EU sanctions for big businesses forced investors to leave the market. This already fragile market only needed a black swan event to TRIGGER the END GAME. There is not only one black swan, the Coronavirus which is causing worldwide supply chain disruptions (= supply shock)! There is another black swan, which will have severe impact on the world economy which is the oil conflict between Russia, Saudi and USA!
Banks now begin to print massive amounts of FAKE fiat money to bailout big companies and whole sectors, which will result in a massive dilution of currency supply and loss of buying power of the EUR. Unemployment ratio raises very fast which is an indication that we are now in a depression. If this depression results in a death spiral, the economy will need a very long time to recover from this (look back to 1929).
ECB will soon print €750 billion to pump up the markets artificially with the Coronavirus as official main reason.
In approximately 18 months most fiat currencies will weaken drastically because new printed fake money will trickle down into the real economy and dilute purchasing power even more, which is like a hidden tax for savers.
I recommend withdrawing your funds from your bank and convert it into real money like gold , silver and Bitcoin before this Ponzi system breaks down completely.
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I´m not a financial adviser. For educational purpose only!
DAX: where to start short againLittle bullish correction movement for #DAX
8850 could be a good level to start selling again
DAX in Trouble?TF: Monthly
Massive bearish divergence has been brewing on the RSI since 1997, which is pretty dicey. Im not implying DAX is going to crash and head southwards next week or next month, but we could see some massive decline if the major trend line fails over the long-term or a nice push up if the trend line is respected.
This trend line has held since the early 1980s, I will be watching how price reacts here over the long-term.
This could turn ugly for german stocksWell, Dax just broke an important weekly support, let's therefore look at the longterm monthly picture.
We see that the monthly MA200 had excellent support the last times in 2001 and 2008. If this scenario was to repeat, and we indeed
get a financial crisis due to the corona pandemic, then we might see Dax go as low as 7000, before rebound. New all time highs in this case not before 2023. Brutal!
#Dax - First Target Hit! #Dax30The Dax has already reached the first target range and with 23 points has almost exactly worked through.
However, as the target has already been processed within a week, this does not necessarily mean that the situation on the stock market will ease. In the short term as upward correction perhaps.
It shows much more the part of the panic which must not be over yet.
On the contrary.
Due to the dynamics, panic could arise after a short relaxation phase and the target at 8,542 Dax points could be reached. At this level at the latest, the share quota should be increased to 100%, because no one who is on the move for the long term should miss such an investment opportunity in selected stocks.
Best regards
Stefan Bode
#Dax30 - Just the Beginning? #grxeurLike and subscribe, so that you are always up to date!
The analysis is not yet complete but here you can see in my opinion the preliminary basic structure of the Dax.
If this prevails, then the crash was just the beginning and part of wave 1, but then all those who are still invested long in the market should use wave 2 to sell their positions and hold cash in order to be able to enter the market again at a much lower price later.
I will deliver the big picture separately later. Be curious about it.
Greetings from Hannover
Stefan Bode
P.S. Liken and subscribe!