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
Dax30short
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.
Short - Dax - long term Sept. with an expanded bottomI am staying bearish. Technicals might need a recalibration under current market conditions.
I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector.
Deutsche bank is not in the clear yet, and the chance they default or need to pull a Lehman seems more of a direction. I have no reason to be optimistic when the theoratical cycle seems to indicate a recession. I aimed for recession 2022, but it might get a much faster pace.
DAX30 - Indices Trading | Elliott Wave Structures | Q2 2019*Please support this idea with a LIKE if it helps you. Thanks!
More details about me in my signature.
DAX30 - Elliott Wave Outlook
Bearish Swings - Patterns:
Triple Three structure in Super-Cycle Wave (IV) (green)
W (purple) - Expanding Flat
X (purple) - Three (false break-out)
Y (purple) - Complex Flat with a Descending Triangle
X (purple) - Running Flat
Z (purple) - Zig-Zag
Bullish Swings - Patterns:
Impulse in Intermediate (1) (blue)
Leading Diagonal
Next expected swing:
Bearish sequence in Intermediate (2) (blue)
Structure change:
Bullish continuation in an impulsive manner could lead towards more up-side for in a big extension.
Short Opportunity on DAX DAX has been on an upward rally for the past few months and has now come to an end. With fundamentals and technical analysis we can clearly see where DAX is now headed, DAX last week managed to break an important level of support with the Trade War and now the Mexican tariffs being imposed by Trump, the market is now on a downtrend potential, with nothing stopping it unless the trade war is paused or solved.
But for now, DAX is a shorting potential and certainty.
Where is the bottom? I am still on the short sideRunning two shorts atm - 12079 and 11919
After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 -
Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short.
Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through 11640.
Will hedge in-between for a scalp long, until there is an ease and enough reason to add a big long.
Dax daily: 30 May 2019 Bearish momentum continued yet for another day in a row. After the open, Dax took a south direction and the price reached the support level of 11 861 without any problem. This level was retested a couple of times before the price eventually closed there. Yesterday’s price action took us to the low formed on 01 April.
Important zones
Resistance: 11 986, 12 063
Support: 11 861, 11 827
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of closing the gap is 69%
The statistical probability of breaking yesterday’s low is 96%
Macroeconomic releases
NIL
Today’s session hypothesis
Although the trading is limited today in many countries due to the public holiday and Eurex is partially closed, Dax market is open as normal. For today, we have quite some interesting leads given by the Statistical application. The most important is the probability of 96% to break yesterday’s low and this could signify further downfalls. When we look at the chart from a longer time perspective, there is a lot of room for sellers after breaking the 11 861 barrier. As of now, this level functions well and holding the price. Let’s keep a sharp eye on how this situation evolves.
The dax30 is advancing just as we thoughtA red channel is descending, the trend is completely downward, you can see that the Dax stopped precisely with resistance. Later, it returned to resistance in a short time and again it did not succeed. Now the sellers are taking over.
Entry price: 11980
Stop loss: 12250
Take profit: 11630
We are one of the few who predicted these declines #Dax30We can see that on the weekly chart we are still at the beginning of the decline on the Dax in the Stochastic, the weekly trend is a downward trend, after each decline the Dax returns to the rise but each time lower than the previous time.
We continue to recommend a sell signal.
Entry Price: 11960
Stop Loss: 12400
Take profit: 11200