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Dax30short

DAX : Huge downside possible (Elliott Wave)From this current chart which is one of the two counts I have currently (both extremely bearish), it looks like we can see huge down move in DAX. Wave 2/B which moved up in 3 waves with Wave B (Circled) being a Running Triangle seems to have completed, but even it is still continuing the scenario for DAX (German Index) remains sideways to bearish and hence shorts looks attractive in this market situation. Stop Loss : Swing High : 13205 Target 1 : 12268 Target 2 : 11859
OANDA:DE30EURShort
by NeeravYadav
1
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