DAX SHORT Sitation at end of 08.03.2019 SHORTDax is going down exact as descriped in the new trend channel
Nothing really new things happens today.
What to mention is:
Dax found support at the support line of around 11410 -
aerea 11421 - 11420.
Mabye from that point Dax can revcover now to the upper line
of the red marked trend channel down
(Up to 11500 aerea is free spcae there till end of mondays trading day.)
But only a break of these down channel upper line would shows us
a stopp of the down trend.
To the lower side the next support level i have shown as blue lin ein the chart is at around 11370 to mention.
So be carefull wil longs against the trend and always remember your stopp loss.
Dax30short
Situation of DAX 1 HR at end of 7.3.2019As we have now the bespoken broke of
the last long support trendlne today at
around 11500 (marked in blue)
we are now in a short setup.
It has also established a short trend chanel if have marked in red line for better view.
In these trend channel i estimate lower
prices, maybe Dax will come at the upper line of these channel at 11550 for end of tomorrow
But then i estimate again lower prices in direction of the trend channel down
Situation DAX 1HR end of 6.3.2019 still LongNow we are in a criticall aerea.
At close of 6.3. today DAX is still long, but we have to find support
tomorrow at the lower RED marked trendline.
Dont make a mistake its NOT a short setup yet.
If !! the red trendline is broken, than we can talk about
a short setup.
Situation DAX 05.03 13:15 Near SHORT Aerea Pay AttentionAs we have seen the last days there is a stringend roof resistance i marked in orange .
DAX is now at that moment 13:15 sitting on the Long trendline
If it holds we will see more buyers coming in.
If it breaks we will fall to the lower Long trend line
i have marked in Purple.
If that will not hold the Long is gone and we will go in short aerea.
All Resistance lines i have marked now in orange and support lines are still in blue color.
Situation DAX 1HR end of 4.3.2019 DAX today has broke 2 upper long trendlines and are sitting now at the support aerea of 11580 tp 11600.
But it has also build up the roof of a Short trendline,
I have marked them in Orange.
We must check and wait whether the last long trendline (i have marked in PURPLE) holds or not .
AND if DAX can cross the orange Short roof trendline which has established (Orange markered as written above)
If not we could be very quicly in a short situation.
Otherwise if the Purple Treline Up holds we check at the crossing of these lines end of 6.4.2019
what happens and where the direction next will be.
So no new positions at the moment.
Let check which of these lines we will see to brake from now on.
Than we deiced the direction.
DAX - Short setup with 1:4 risk ratioI see some rejection from resistance level and closed below the area. There are also untested targets below. I believe DAX is going down to test support zones.
I'm planning to use multiple entries. I will; short at the beginning; add if the price goes up little bit more and add if i see a close below 11608. This is 1:4 short setup so stop is very tight. If stopped out and price goes back down, I'll jump back into the train.
There's also another trade idea for me. I only go short if i see a close below 11608 with the same stop and target.
Entries:
1. Beginning of the new hourly bar
2. 11670 (sell limit)
3. 11605 (I will wait for a close)
Total risk: 3% of account balance (1% for each trade)
Risk to reward ratio: 1:4
Stop Loss: 11711 (73 pips)
Profit Target: 11346 (292 pips)
Trail: I will trail the stop loss accordingly...
Disclaimer: This is not financial advice. Educational purposes only.
Trade safe
Atilla
SHORT DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11574.22(horizontal swing high resistance, 61.8% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 11087.34(38.2% Fibonacci retracement , Horizontal swing low support)
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11574.22(horizontal swing high resistance, 61.8% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 11087.34(38.2% Fibonacci retracement , Horizontal swing low support)
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Dax 30 Index Analysis+SignalWe see in the graph above some points that strengthen our opinion about Sell position:
1. According to the Ichimoku Indicator, we are totally bearish as we are under the cloud and the blue line above the red line in W1
2. we can see that we are in a bearish channel with lower points each time and right now we are in the resistance
3. As soon as the price touched the moving average 100 he did not manage to cross it and it caused a drop
Sell Dax
Entry Price: 11230
Stop Loss: 11410
Take Profit: 10550
DAX INDEX 30 Short Signals!We are currently on very serious and important resistance that will determine the direction of the DAX for the coming days, According to Ichimoku indicator we are still in a downward trend, despite recent increases!
And we are also on the resistance of the Fibonacci retracement (23.6) Which means continue to move in the original direction.
For all the reasons are written above we recommend entering a sell position
Sell DAX
Entry Price: 11186
Take Profit: 10508
Stop Loss: 11540
LONG LONG DAX bounced off support, potential for further rise!DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension , Inverse head and shoulder porfit potential ).
Ichimoku Cloud shows bullish trend where we might see a corresponding rise in price.
DAX bounced off support, potential for further rise!DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension, Inverse head and shoulder porfit potential ).
Ichimoku Cloud shows bullish trend where we might see a corresponding rise in price.
Red candle on monday? =)do we see a red candle on monday?
I think so.
We took a nice profit from our last 2 Dax trades and closed the positions.
Now the Dax is oversold.
He needed a lot of power to overcome the last high and stays at 10300.
At present he forms a shoulder shoulder shoulder formation.
Here I act with a small position because it is against the trend.
enjoy the way
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