WobbelingGood morning Traders.
Dax Wall is marked. Break up Or Down ?
Euro strength and Us retrace will suggest we go DOWN.
Drive Safe.
Dax30short
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.
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DAX daily Supply - Daily Reversal pattern: Engulfing candle!All Trade Parameters shown on the chart. Short setup in daily Supply. Level on top of level scenario. I personally would combine both since we have a high Risk:Reward ratio on that trade anyways. But you can also play only the higher one to have an even bigger Profit Margin. Daily Reversal Pattern with an Engulfing candle. Looks like we reached the High of the Year.
Still HoldingGood morning Traders. Price still holding here. also the BEAR div. we will have 2 combine SPX + EURO analysis to get a better understanding.
1 hr chart, even greater Bear Div
SPX hard to tell but RSI looks bearish to me
and finally - Euro - Rsi reading is extremely Bullish, and support the bearish move on DAX, if continue to rise
Drive Safe !!
German Stocks Index DAX at Major Resistance of 13000 !!!Initiating a Short Position in DAX on daily chart off a major resistance a level with great Reward to Risk ratio of 3!
Germany 30 (DAX) ShortToday’s trading analysis is coming from the German Dax market. It has reached the level that I was waiting for it to reach. I wrote about it lat week on my website.
The daily candle is a bullish rejection, close to a pinbar. The resistance level from a previous high at 12,950 has been tested and rejected. I would like to see a rejection of the 13,000 level, as well.
If not, then I will be looking for a bearish signal from the 4H chart in tomorrow sessions. If such presents itself, I might consider shorting this instrument. It looks like the bulls are getting tired for now.
Short at 12556 for 260 pips to 2015 high SL12680Due to geopolitical Tension + Merkal face coalition Talks
and also wall street have not consodilate yet
so i expect a pull back on 2015 high with 2 target first for in total of 260 pips
inmore i see a bearish divergence in h4
enter at 12556 SL 12675 final target 12290
RR 1/2.45
Germany30 Set upi see great shorting opportunity, as i think we are already in the big correction
please trade with care.
do your own research before trading the market...
DAX 30 Wave 5 down remaining (Elliott Wave)In my last article I suggested the possible up progression in DAX, but from the current Price Action it seems that we have one leg down remaining as Wave 5, only after this down leg completes will we have a completed Zig Zag and can expect some upward progression after that as previously suggested.
DAX, short term inversionDAX, short term inversion
Big buys in the last session on DAX
which turned the trend on the slingshots system
Monday should go down to testing the 12211 for then
continue to rise
The trade it and leave it rule... why did I not follow it?I was alerted of this trade via my friend's analysis which I also deemed fit to enter at my own risk. At 2017.07.26, Dax retested the broken support (which was also the 8 EMA at that time) which resulted to a formation of a bearish pin bar.
At the split second that I've adjusted the TP because of 'potential greed,' I have not kept in mind the possibility of such movement when the gap was filled. At the time the gap was filled, Dax, without hesitation, reversed to the upside probably for some breather. Sadly, it hit my SL which were adjusted to my entry levels.
Bearish confirmation signalA bearish confirmation signal was given last week when the DAX broke below its ascending channel.
The breakdown makes 12,000 the next weekly support zone.
Based on the breakdown scenario, bullish pullbacks can be used to try and short DAX till it'll reach the 12,000 level.
The bulls should be on a hold mode for now - No bullish scenarios based on my strategy.
This scenario and others - #WeeklyMarketsAnalysis on Twitter
Watching Reversal Good morning Trader. Did US hit first top and reversing now ? We will watch that closely.
Assuming it is the case first TP is printed. BUT, is the guys @ us still bull for today we might see daxi goes up .
So im bearish for the morning, But use stops to lock in profit
