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.
Dax30short
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 !!
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
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.
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
DAX resistanceDXY has respected the 4hr resistance level over the past few sessions but has not yet made a significant break long or short.
To confirm further upside a break long of 12750-12820 is needed with support seen at 12515-12470.
Looking for a sell off when price confirms a strong break short under 12470.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Dax in Gefahr / Dangerous DaxDer Dax tut sich sehr schwer nach oben auszubrechen. Das Chartbild zeigt weiterhin deutliche Schwäche und spricht eher für eine weitere Abwärtsbewegung in Richtung Gap-Unterstützung um 12.280 Punkte und Gap-Close um 12.080 Punkte. Ein Stundenschluss über 12.560 Punkten würde das Chartbild etwas aufhellen.
Dax shows further weakness which could result in a drop to Gap support 12.280 and 12.080 Points for the next days. Only a move above + halt above 12.560 Points would be a little sign of bullishness.