Position Trade on DAX - SHORTWe have reached the upward level of the channel , clear bearish candle of today is the start of a downtrend
Dax30short
Wiser Look - Wider viewHi traders. weekend is here. time to relax and look back.
They say older people are wiser, since they know what happened in the past, hence they git a wider view.
Weekly chart we can see a great divergence, meaning we should welcome the BEARS are enjoy the downhill ride.
It doesn't mean it will happen on Monday, but bear in mind - it will come sooner then later.
and when the bears will hit, it will be painful.
targets are as always the 0.618% fib retrace.
BUT, we gotta keep respect Daxi, and price action. so looking at daily time frame will be our helping hand.
Enjoy your weekend !
DAX TOTAL HIGH 12900 EXTEND 13050. GLOBAL MARKET CRASH 2017All stocks are now about 80% overvalued. We can see the sell off on NASDAQ last week and in the start of this week. All TECH-STOCKS are going down.
NVDA
AAPL
I believe that DAX will fall to lvls 9400-8600 very soon after reaching the top.
GER30, DAX30 ShortShort double top over 12.800 include fibs reversal to next target 12.560, 12.390, 11,980.
Short possible on basic trend line red.
DAX breaking B-wave channel in coming days?What can we expect of the coming days. Breaking up or down, the DAX reached critical levels. I'll remain short.
Short DAX Immediately1. Technical analysis:
- The minimum increase level for an Inverted H&S pattern has already reached.
- Polls have suggested that Macron will easily win the election since last week, this has already price in on DAX. It is basic knowledge that the investors will sell off for taking profit when some hopes become true. I don't understand why some people say that DAX will go higher if Macron wins. For myself, DAX will goes lower if Macron wins.
- VIX for global markets has recorded historical low at 9.8 recently. There are 19 times that the VIX has been in single digit since 1990's. It indicates that most investors are over optimistic, they make money easily by holding longs on indices and securities. Not many investors are holding shorts and they do not believe the trend can be reverse.
2. Political and Geographic analysis:
- If you study Economics, you'll certainly understand that Macron won the presidential election of France is actually a disaster for global markets.
3. Investors' Psychological analysis:
- I observed that there are more and more people become very greedy and over optimistic. Some people mentioned that "DAX has entered uncharted area and I guess it will go up to 16000". This is always a signal for trend reversal.
DAXa little bit up is possible and than correction to 12500/400 make a flag some days bevor we get the next signal for more down to 11.8k (11.6k).
DAX Overbought but eyes are still on 13000Using 2 hour bars you can see 2017 performance and a regression channel that puts the steady rally higher into a relative context.
Each time price reached its upper channel it pulled back within two weeks. The pullback is around 3%.
But with 13000 a key level only 2% away, we could see a swift leg up before pulling.
Idea; sell 3m calls at 13000 or set sell limit order at 13000.
DAX: Massive, 2 year, double top. There is something special cooking in the EU. Dax is at a 2 year double top (exactly), it can be seen well on its weekly chart.
May will be an important month to the Euro, we have the French elections, the second and final round will take place.
Resistance can be seen in the last week weeks, but this week is different, sentimental movements have caused DAX to head to a new high but as things stand, it will not last long. A crash is coming.
The second round is on the 7th of May, I have entered a scout position with the idea for it to become a trend trade.
More updates coming.
Dax in final stages?The Dax made a new Alltimehigh. But how long will the uptrend last? I think Wave (4) will need some more time to finish - so the current up-move could be Wave (B) of an Flat. If so, we should see some selling preasure soon.
What is your opinion?
DAX (Germany 30) Post French ElectionDAX (Germany 30) went up to a new high at 12337. Can it go higher???
German Dax - Daily - Sell for a correction/ReversalGerman Dax is calling for a correction on monthly/weekly time-frames. Also with the upcoming french and german elections this year, I am expecting weakness/corrections in german dax for the coming weeks.
Short DAX target 11860. Based on MACD, RSI, FIB and EMAShort DAX.
I've checked both RSI and MACD and both are negative.
Besides that DAX has gone below EMA9.
Fib retracement shows target af 11856.
I would be carefull regarding my top and place around EMA 9. See chart
DAX 30Dax is on the run. Under 12163 is short till 11800 or 11500 the next step for me. May be a last upwave from 12000 to 12300 and than really sharp down. That's not my favorite.
You have to look for your plan and don't forget we close today till tuesday.
Have all a nice weekend.
DAX - More downside to comeThe DAX has clearly broken its March rally in April, with lower highs proof of growing sellers. The break through of the blue support line indicates a lack of buyers, and this morning it switched from support to resistance.
