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Dax30short

DAX 30 Bearish CYPHER PATTERN @ 10014Hi guys, This is my first post regarding any indices or stocks as I was performing some back-testing of pattern formations on them. This is a bearish CYPHER pattern @ 10014 and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% retracement levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 97 points x 2 = 194 points Reward #1: 97 points. R:R = 1:1 Reward #2: 156 points. R:R = 1:1.6 Plan your trade... Trade your plan.
FX:GER30Short
by Krunal.Patel
2
Time to short sell german 30 From April 07 lowest point 9467 until the highest point in April 21 1044 pipps 9.95% increased ! Does the ger30 will continue going up without any big drawdown ? No way ! i wil start short sell this index now so set sell limit around 10450-10500 first target 10240 second target 10160 ! . other scenario if German 30 continue going up and break 10500 resistance. then first target 10650 second target 10860 .. if it hit 11000 OMG i will strong sell this index !! !
FX:GER30Short
by StevenAshy
DAX - impulsive decline, picture looks increasingly bearishIt's been a while since I updated the long term count. My intermediate bearish view was confirmed in the mean time with DAX putting in a spike above the previously indicated magenta TL from the ATH, however quickly losing momentum and failing also to keep above the 200d MA. The decline from ATH was very choppy, with waves which were difficult to count, so there is a possibility that this big wave is all just a corrective wave 4 in the form of a double 3 (see the blue count - A-B-C, then the red A-B-C up, and now could be just another bigger A-B-C down). The other option is the more bearish one in which we have a nested wave down (a series of 1-2 waves, with the current wave being either a 3 or yet another serie of 1-2). However, regardless of the bigger term picture, what is more worrying for longs is the fact that the decline off the 30th of November lower high developed into 5 waves and took out the September low, therefore cancelling the more bullish counts which were based on the red C wave being a 5 waver and actually not a C wave but a 1 or a wave part of a bullish move. This means that the next bounce (which could be quite big) will most likely be a corrective wave only, so an A-B-C, which would be a nice short opp, since the following decline will take out the lows at which we will bottom these days (or maybe weeks). On the more immediate term, it's difficult to say where we will bottom. We have already 5 waves in place, but the 5th could always extend. In any case I would use the next bounce as a short opp, rather than try to buy it. What is most interesting is that the LT projection from mcm, nailed a very important intermediate top - the high of the red 2 from Dec 30th. mcm-ct.com For questions about the analysis feel free to visit the site or contact me via email at alex@mcm-ct.com. GL to your trades!
FX:GER30Short
by alx13
DAX Daily - BearishThe DAX30 index is moving in a descending wedge, which is a bearish formation. We can see that the market respects the formation, in which an overshoot of the upper trendline resulteted in an overshoot in the ABCD move (Which then hit the support line). We have a major ABCD move going in bearish direction down to 8350 and combined with the formation, it would be fair to guess we should be going down. We therefore have 3. scenarios. 1) We rally up to the 10400 area, before sellers slams the price down through 9300 and all the way to 8350. 2) Buyers rally the market up over the upper trendline, where a likely pullback will occur shortly afterwards, which will, it held, result in a bullish market. 3) We bounce some more inside the formation before 1 or 2 happens.
INDEX:DEU40Short
by Mikkelfo