Dax30short
DE30 DAX GE30 BUY ON WEEKLY CHARTGermany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Transportation & Logistics and Financial Services sectors led shares higher.
At the close in Frankfurt, the DAX gained 0.16%, while the MDAX index added 0.56%, and the TecDAX index gained 0.19%.
The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 1.49% or 0.76 points to trade at 51.78 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:MTXGn) added 1.44% or 4.00 points to end at 281.90 and Deutsche Bank AG NA O.N. (DE:DBKGn) was up 1.32% or 0.104 points to 7.974 in late trade.
DAX30 GER30OUTLOOK: BULLISH
Past few days DAX30 has been confounding forecasters - and whipsawing short-sellers - by rebounding sharply.
DAX with broken structure to the downsideDAX has turned 2 times at the important 13600 level which was discussed prior in a video post. Now we have a clear broken structure to the downside, should there be a pullback coming anytime in the future this broken structure could then be used to continue trading the swing on the short side.
DAX Futures: European equities due in for a correctionWhile our outlook on the Eurozone and markets remain supportive, a technical opportunity to fade highs in the European stock market has arisen. We will initially look to fade highs into our liquidity bloc targets however will allow ECB/Lagarde commentary to provide ultimate macro direction across our portfolios. Sensitivity remains from the downside from here.
- Put exposure added to all of our directional portfolios.
$GER30 #DAX is it rolling over? DE30EURThe price of the DAX Index is trading since the start of November in a range between 12910 reaching peak of 13370 on the 19 of Nov.
The Price almost reached the 0.236 Fib Retracement on the 3rd of December and it seems that it got frontrunned and bounced of it. Placing price action at the start of the week almost exactly in the middle of the range.
Daily Stochastic is heading downwards but depending on todays daily candle close it could cross to the upside before reaching the bearish control zone. Based on my Rules First I dont frontrun any Signals and I don't see this as any Signal for a change of direction as I only like making decisions with a crossing Stoch in either the bullish or bearish and getting confirmation seeing the Stochastic leaving a particular control Zone.
The RSI is heading lower trading below the EMA on the RSI which gives me a little hint that a Pullback move to the vicinity of the 0.382 Fib Level is still on the play.
Downside Targets
1.) 12850 / 0.236 Fib / 50 Daily-EMA
2.) 12650 / 100 Daily-EMA
3.) 12500 / 0.382 Fib / - vicinity of the 200 Daily EMA
Upside Resistance Zone
1.) 13300-13380
If we don't take out the Resistance Zone at the Start of the Week the Index Price will probably grind towards support Levels with a high probability of bounces of every possible support. I expect to start closing my Shorts when reaching these levels, because if we retrace towards support I don't want to hold to the Shorts when near the vicinity of the 200 Daily EMA.
Trade Safe!
koboltrading.com
DAX30 CFD bears have advantage on their side below 13,200 pointsWith the economic calendar being thin into the start of the week, today we will look at the DAX30 CFD from a technical perspective.
After the drop below 13,000 points in the first half of last week, the German index recovered slightly into the weekly close. However, the bears have the advantage on their side as long as we trade below 13,180/200 points.
Below that level, another attempt to sustainably break below 13,000 points stays on the table, while a drop below the pre-weekly lows around 12,930 points activates the region around 12,800/830 points.
On the other hand: if bulls can recapture 13,180/200 (a move that may be induced by new trade dispute optimism), a move up to and above 13,300 points is an option, erasing most of the losses from last Monday.
Ready to start trading the live markets? Then open a free account with Admiral Markets - 8,000+ instruments to choose from, some of the market's tightest typical spreads, and the world's #1 multi-asset trading platform. www.admiralmarkets.com
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Weekly suggests retrace to 12620 on DAX, then up to 13775!Immediate short on DAX makes sense if you look at it on a weekly basis there is reversal structure forming at the current price, the long wicked dojis and red candle pinbars are associated with a move lower. The volume is accumulating for a slight retrace as the DAX cannot catch up to the US equities at all-time highs. The retrace is still the previous broken level which happens to be the 50% retrace from the impulse move. That would mean that a 5% pullback is to be expected in the DAX and that can be ignited by a pullback in the S&P 500 market which we are anticipating as well. The upside move is the extension based on recent impulses right at 13375.
Disclaimer: This trade idea is for educational purposes exclusively, this does not constitute investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
DAX short to 12620 before an all-time high!The Dax has recently played off of our short level the endless rotation at the 13305 was the indication that there is a stall in momentum from the upside. Meaning we could see a retrace. It's not as strong as the US equities due to the European economy, German economy and the monetary policy.
We are watching the retrace into the 12880 support as the first pitstop based on market structure. Then the next level is the 50% retrace at 12615 based on the impulse move that brought it to the high. Then we could see rotations for the high.
Dax - Intermezzo-Short - RRR 8 to 1Hi, Servus, Grüezi and Moin, Moin,
something really crazy today - a Dax "Intermezzo-short".
The last actions at the Dax were almost completely long and filled the account very well.
Now I think the time has come for an "Intermezzo-short" with RRR of over 8 to 1. I like to bet a few of the last winnings on RED candles.
My tradingplan:
Short-entry 13.227
SL: 13,287 daily high (60 points)
Target: 12,737 and lower (490 points)
Greeting from Hanover
Stefan Bode
The DAX (or GER30) has made a clear triple top hitting resistancI've predicted that the index will trail back down to the 13,260s where it will find some support before dropping down to the target short exit of 13,150s. There it will either break support again and continue on a downward trajectory to at least 12900s and possibly lower.
Short at (or around) 13,300 and enjoy the ride.
Currently short w/ 3 lots between 13,250 and 13,300. Averaged around the top.
DAX Short 1 HR Chart since 8.11.2019 9.00 German Timehello to all watching my charts
Dax is now Short since 9.00 German Time
8.11.
Cause its traded below my red Line.
here to check in my favourite Chart Style RENKO
RENKO
Good trades.
if you want to support my work, please like them
My analyes here are all NOT a request to buy or sell
seomething. Allways do you own research.
Renkotrade