Get started

Dax30short

DAX30 Running Out Of SteamThe german stock index DAX30 is running out of steam after a 600 point climb in October. Not surprisingly it needs a break, which makes a pullback scenario likely. I don't believe there is enough juice left in the market in order to let the DAX30 break the current horizontal resistance as well as the upper border of the downtrend channel. A short pullback towards 10100/200 would motivate some more buyers to jump back into the game and maybe start the expected 'year end rallye' at the end of November. I have posted a more detailed analysis on my website . Feel free to comment this analysis. Thanks!
FX:GER30Short
by Dluginacci
1
Dax - 4th wave bounce finally over?The reaction post FED was a bit unexpected, at least for me. All indices ramped up (dax not so much actually) and then reversed with conviction. The big question now is - what's next? Is this choppy 4th wave finally over? A look at the daily provides some clues. The peak of the bounce was just above the 50% Fib retrace, while the decline from there looks like only 3 waves so far. If this decline turns impulsive (5 waves) then we will be able to say with more certainty that the 4th might be over. If not - it could be yet another a-b-c before a new thrust to the upper end of the range. The first wave down from the peak of the bounce sits at 10074. If that is not overlapped by the next bounce - the 4th is over. The good news going forward is - the DAX tools from mcm pointed out this crash extremely well. They showed impulses down on all time frames starting in the area 10100-10200. Actually this is what they were designed for - to help navigate a coming bear market. Which seems to be here already. For any questions on that please email me at alex@mcm-ct.com. Good luck out there!
FX:GER30Short
by alx13
DAX 30: Open long positions for tradingVery interesting movement of European indices, where everyone made it out of the minimum of the day, closing positive after the support base (by definition support) of the descending channel that have been negotiating since early April . Thus, we believe that it is time to open long positions in all the European indices and in the case of the German Dax 30, with a stop loss (closing in values) below the minimum Tuesday. That is, in the case of Dax 30, the strategy is to open bullish positions at current levels, placing a stop loss below 10.797 points (corresponding to 10 798 points of index futures). Aim to rise in the coming sessions / weeks, we have the maximum of last week (11,452 points) and above the high end of the channel in 11,660 points. CHART HAS A MISTAKE: STOP LOSS 10.797
INDEX:DEU40Long
by Leo.Ash
3
DAX down on German yields and rising EURUSDPlease leave me your comment whether you agree or disagree so we can open an discussion or if you like the chart just simply like it. Thank you for your feedback. Rising EURUSD and Bunds yields are not helping DAX to pick up momentum and gather some bullishness. As price recently broke through the support at 11200 next target could easily be 10800 (618 Fib) followed by test at 10400 which is also 50 Fib level from previous long term bullish move.
INDEX:DEU40Short
by FX_Trader_Analyst
DAX weekly chart continues to consolidate laterallyEven so, and despite the falls at this time exceed 2% for the week it is certain that the weekly candle is not indicative of anything. At the end of the day what lies ahead is simply a bearish backlash that left a very strong support at 11.167 points (minimum of 'hammer' formation) and has since been moving sideways. Stochastic Oscillator remains rotated downward and away from levels of "oversold". That is, we could still go laterally moving us in the coming weeks before generating a significant signal strength.
INDEX:DEU40Long
by Leo.Ash
DAX30: We raise slightly the stop lossRecently we recommended the opening of bullish positions in DAX30 with a stop loss (on closing prices) below the minimum decreasing last (or minimum reaction) in intraday minimum of 7 May session. Now just slightly went up the stop loss up to 11,594 points ('gap' up the May 19 session). Close this 'gap' up (ie the void), execute the stop loss, given the possibility to be directed to the support zone which presents the May low. But since the stop loss is not achieve, will continue long in the DAX30.
INDEX:DEU40Long
by Leo.Ash
1
Europe still has a long way to go until new highs, see why...It had said that on Tuesday session, where European indexes rose on average more than 2%, the first resistance zone and since then have been overcome we started to have minimum and maximum growing, which is always a sign of solidity. But that's not why we think we will ever directly to the annual maximum, reached in April. In the past few weeks correction procedure, it is certain that the weekly overbought relaxed enough, but we oscillators in no man's land, halfway between the oversold and overbought, and rarely indexes usually resume the upward trend from these levels It is indicated in many of the currently oscillators. I continue to put as most likely scenario the return to the annual maximum, but without haste, with alternating rises and falls thus consuming more time than depth. In addition, European stock markets will remain attentive to the results of the municipal elections this Sunday in Spain, which will most likely be a foretaste of the upcoming general elections. Needless to say, the first sessions next week will be directly influenced by the outcome of these elections, as foreign investors continue or not to trust the country. That is if in doubt, uncertainty is the number one enemy of the markets. The signal that somehow we anticipate the beginning of a new upward trend through the fact that the European bank sector index (SX7E) can overcome the resistance zone which features in 159.42 points. Above said resistance, the logic will rely on a new bullish impulse to launch the index above the annual maximum (162 points) and, on a higher plane, above the maximum 2014 (163.34 points).
INDEX:DEU40Long
by Leo.Ash
1
Don't Let Fear of a 'Grexit' Keep You Out of DAXIn the last analysis of DAX, proposed to open long positions with a stop loss on closing prices in 11.167 points (last minimum reaction). In addition, as can be seen in the chart, this minimum coincide with the guideline upward from the minimum of last October. So now we can do is keep the bullish positions in the index, with stop losses at the same level. Since puncture minimal reaction Finally, do not rule out that, with ups and intermediate corrections, the index try to head into the resistance zone which presents the annual maximum, around 12,300 points.
INDEX:DEU40Long
by Leo.Ash
DAX i am again LONG...Don't Let Fear of a 'Grexit' Keep You Out of European Stocks In the chart, we can say that perhaps we have seen the minimum current corrective phase. This does not mean that, from here, the rate has to go up to the maximum of the year. In fact, you can draw a lateral movement to end to consolidate the previous excesses. Thus, after the weekly candle-shaped "hammer" designed during the first week of May, it may be said that to the extent that the price does not come back to close down, the logic is that from here, little by little, restructure on the rise again in the coming weeks with the aim of rising clearly above the current. The "stop loss" will be placed in closures, down from 11,167 points.
INDEX:DEU40Long
by Leo.Ash
DAX30 - The Situation Has Changed A BitDear traders, if you follow my analyses and my social media channels regularly you know that I was talking about two scenarios regarding the DAX30 since the (blue) four was seemed to be completed: 1) We stick to the plan and finish the job without any detour. At this stage I was talking about 12,300 as a milestone - which I finally got. I closed all my long positions, waiting for something to happen as it still wasn't enough to be a (blue) 5 but the market seemed to be wobbly on its feet. So I had a few options on the table and thought a stretched (blue) 3 may be one of them - obviously I was wrong but that brings me to my second scenario which is, at this stage, more likely; 2) We take a detour below 12,000 as I mentioned on Facebook a few days ago. Strictly speaking, it can actually take us anywhere between 11,500 and 11,200. Anyway, in this case the (blue) 4 was not complete but is now in the making! This scenario makes total sense and wouldn't even harm the overlying, bullish trend of the DAX30. It's the long overdue correction in a very overheated market. Being Short In A Bullmarket The bottom line is that the market is, overall, still bullish even if we go to the maximum of this correction which would be in the region of 11,200. However, I took my chances and opened a short position yesterday in my Alvanda Mercury Account - and only in this account as this trade is counter-trend and therefore even more risky. My Conclusion This correction does the market more good than bad. My target (for the blue 5) still stands: 13,200. Cheers!
FX:GER30Short
by Dluginacci
6