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Dax30short

TP 13,141 hit, tested the first support, new pattern emergingAs mentioned on the previous analysis, DAX was on a 1D Channel Up (RSI = 58.600, MACD = 166.500) that hit our 13,141 target and under overbought pressure it broke to the downside and nearly tested the first support at 12,919.58. As seen on today's 1D candle, the Channel Up pattern is technically broken (STOCHRSI = 0, ADX = 53.909, CCI = 48.7206, Highs/Lows = 0) at least marginally. If tomorrow it gaps above 13,050 on opening, then the pattern is still valid. Otherwise after a small rise to 13,028 it should decline and until June 06 even reach the lowest support = 12,747.15. After that point, a strong multi week bullish rebound is expected towards 13,350. So if you don't wish to short this and take a safer approach on the medium term, buy on every support you see with a tight (10 pip) SL.
XETR:DAXShort
by InvestingScope
1
Shorting opportunity in DAX 30 (Elliott Wave Analysis)The Hypo 1 (Cyan) suggests that we have completed the Wave a as a leading diagonal which suggests shorting for downside target of the white box support region. However if we consider the more bearish Hypo 2 (Red) then we can say that the Wave c of Wave B was an Ending Diagonal and we can see for much lower targets in this case. Since both the Hypos are pointing to the downside, it provides a very low risk shorting opportunity to us with SL just above the W.a (Cyan) high.
FX:GER30Short
by NeeravYadav
Dax Time for some correction? I know its difficult too conclude when a correction is ahead. special i a bull market... I will take the chance :) The chart analysis is Elliott wave. there is; Minor and minute I erased Minuette, because it looked messy on the chart, and difficult to read. We also see a bearish Divergence i marked it with arrows and text, in the chart and the RSI. The Divergence indicate an underlying weakness. bulls may be exhausted at this area. A possible trend direction change.
TVC:DEU40Short
by Fx-AlphaStrats
1
Germany Dax DE30 Daily Update (21/11/17)13250 resistance zone But.. Candle is still pretty bullish. wait for a small consolidation with rejection candle before taking a short. Do note, it is a counter-trend trade, the structure is still very bullish. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
OANDA:DE30EURShort
by imjmesl
1