Dax30short
sell at 12395 with 4 target step by stephe up because china us headlines but the most becuse of the wich of bce and german bank
but market fully priced it so if bce is less dovish or even not act he will go more down than my 4tp
also have 3 open lower gap
we are overbought
i real think is good timing to sell with a good ratio /risk /gain
we can take now first easy 150-200 pts but i think we will in next weeks/month down of 1500-2000pts
germany we can litteraly say that she is in recession near or right now
DAX head and shoulder must take!!!Welcome to Fxtrading services, we provide premium signals & services to our costumers.
Fundamental analysis: After the ECB meeting, Draghi decided to do quantitative easing for an unlimited time for now. We could see a drop on Dax and a possible EUR rise
Technical analysis : Formation of head and shoulder taking place failing to fill the gap we could se a reverse soon.
Comments: Could do another pop higher before continuing the downtrend.
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DAX Medium-Term EW Count UpdateI assume that the German Market Index is in a corrective Wave 4 which plays out as abcde triangle (take a look at the big picture analysis). Medium Term
goal is the price area 11000-10800. The move down should come in 3 Waves now I see 2 possibilities, either the B wave is already finished and we are in the C down already or we hold around 11600 and need another pull up to the 12000 area before we start the C wave.
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Dax daily: 21 Aug 2019 Tuesday's session was a bit odd from our point of view. Dax initially descended to our support at 11 646, but rather than bullish correction we hoped for, price action rather slowed down. Dax then closed near it's intraday low and today we open with an ascending gap.
Important zones
Resistance: 11 691
Support: 11 560
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking yesterday's low is 96%
Macroeconomic releases
NIL
Today's session hypothesis
Considering the very high probability for breaking yesterday's low, then all our short trades have a clear target. If yesterday's low gets broken, we can estimate a faster move towards 11 560 which is a really nice support level. Sellers are likely to step in around 11 691. Should Dax break yesterday's high, then the short hypothesis becomes invalid as the statistics suggest the breakout of both swings is as low as 7% only.
Dax daily: 12 Aug 2019The last session of the previous week did not offer something really interesting. Our support at 11 716 did not work as a point of reflection, but rather as a place where the market slowed down for several hours. Today we are opening with a long gap.
Important zones
Resistance: 11 899, 12 031
Support: trend line
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
We have an increased probability of 57% to close the gap, for this reason we can expect a slight short move towards the trend line where we could find buyers and head towards 11 899. If we break through the Friday's low, the hypothesis of the test 11 899 will not be valid anymore, rather we can expect chop in the Friday's range.
DAX DEU30 SHORT Longer Time OutlookHello to all watching my charts
After the last break of the trendline (purple line)
(please check my last DAX post here a few days ago)
the chance of long has not fullfilled and Dax stays in the short
signal aerea with lower and lower and lower prices.
So what comes next ?
Of course i am not able to tell you the future
but some things are to mention.
1. We have made a big loss, so maybe we will get a rebound soon.
2. In the longer view Dax is still very very short positioned
3. Next hold ,so to say as support is 11300 (low from april)
4. For change to a long signal in my eyes we have to jump above the last bigger resistance and this is really far away at
12200 / 12250
I draw 2 black lines here at these aerea.
Only above these level its a long chance.
From the level now 11600 to 12250 its a no ones land i think.
Good trades
If you want to support my work and my charts please like them..
Renkotrade
DAX SHORT but we wait on a Trendchange Power of Trendlines Hello to all watching my charts
Today i will show you trhe power of trendlines and broken
trendlines as trading points.
For example here is the DAX Germany DEU 30 index on base 1 HR
We are
long since 4.7. 11925 / broken left blue trendline
short since 9.7. 12400 / broken purple trendine +75 points
long since 15.7. 12400 / broken blue trendline
short sine 17.7. 12400 / broken green trendline
long since 19.7. 12327 / broken yellow trendline +73 points
short since 25.7. 12378 / broken purple trendline +51 points
and we are waitin for a long signal at the moment
In total ca 200 points with a only few trades no hustle and bustle
Good trades
If you want to support my charts and my work, please like them...
Good trades
Renkotrade
GERMAN DAX 30 INDEX BULL TRAP - SHORT GER30The German Dax 30 index is currently fully valued ripe for a correction. On a DCF valuation, it is 100% fully valued using 3.8% growth and 8.6% discount rate. With interest rates at zero and low inflation, this index is very expensive. The Dax broke through the upper trend line recently, I think this is a bull trap. With American markets heading south, so too will the Dax index. Germany is teetering on recession, the ECB is still trying to pump prime the economy but it isn't working, note the low GDP growth and low interest rates and inflation. The technicals indicate a fall is coming with the RSI, ROC and MACD all pointing down. Trump putting tariffs on German car manufacturers could be a catalyst for the fall to accelerate.
DAX LONG 1 HR DEU30 LONG 1 HR CHart#renktrade
Hello to all watching my charts.
here is the latest update of german DAX
As we all god in the news that the trade communication between
Trump and China will get a new chance , the stockmarkets
all over the world are rising , that has been clear.
So DAX also .
My both Trading Cannels are long, longtime channel and shortime chanel also.
Thats not surprising.
For all which need a mark for a trend change the next days if
have bring with here for you my new arrow system
(SIGNES a TIME and a LEVEL for a trendchange)
but i doubt that Dax will really fall in that way to get in a short chance.
So i do hope here you are in a long position now.
Good trades
If you want to support my work and my charts please like them..
Renkotrade
Dax daily: 28 Jun 2019Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone of 12 229 all the way towards 12 191, which functioned fantastically.
In the end, our analysis scored another success point as we fulfilled another statistic of price closing inside the previous day range, which had a probability of 87%. Today, we open with a small ascending gap.
Important zones
Resistance: 12 344
Support: 12 120
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
G20 Meeting
Today's session hypothesis
For today, our chances are pretty balanced from the Price Action perspective. Nevertheless, it's important to mention that yesterday's lower price rejection was significantly vigorous. For such reason, Dax is likely to rose climb towards 12 344 where we could find some sellers and return back to yesterday's range. Due to the G20 meeting in Japan, we can expect a slower price movement and nervous markets.
Dax daily: 21 Jun 2019Those of you who drew the resistance line at 12 433 haven’t done so in vain. Look at this luxurious reaction from that level.
After a nice short move from the 12 433 level, Dax eventually found some buyers around Wednesday’s close. Today, the price opens with a significant short gap.
Important zones
Resistance: 12337, 12373
Support: 12219, 12191
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
09:15 – 10:00 CEST – Eurozone PMIs
DAX DEU30 LONG 1 HR 20.06. 4.00 p.m. german timeHello to all watching my charts
Dax LONG
Today the Dax is since the EZB announcements
and FED meeting in the bullish aerea again
And the Dax is exact in the middle of my channel , so at the moment
nothing in front what for me can change the setup quickly
We have some resistance at around 12400 from may
but in may oppinon "Trend beats resistance" and i would stay
long. Thats my personal view, no trading advice.
Good trades
Renkotrade
DAX 1HR SHORTHello to all watching my charts.
Dax now is in a consolidation mode.
I prefer at the moment the lower side
with a 60 to 40 percentage.
The reason i have no fine feeling for staying long is
that we see lower lows and lower highs.
I tried to marked it whit the red lines.
In classic charting thats a downtrend.
But after the strong rally from 11640 to the level 12100
we must be carefull to indicate that directly as short-
Maybe as i told you above its only a consolidation
Break 12050 as another lower low would be a short confirmation
I think no position here at the moment is the best position in my oppionion.
If you had been on the long side take the money and go.
Good trades
Renkotrade
Dax daily: 17 Jun 2019Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in this range.
Important zones
Resistance: 12 148
Support: 11 987
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
19:00 CEST – ECB President Draghi Speaks
Today’s session hypothesis
The gap has already been closed so we’re short of one daily target. If we find bearish momentum, the price could head lower to retest the weaker support at 11 987. Talking about higher levels, there is one weaker resistance level at 12 148, however, if the price gets all the way there, it is likely Dax will retest the Friday’s high and the zone of 12 200.