Dax30short
DAX- Dropped perfectly 2,4% Since Our Post!! 🥳Indeed the DAX idea we posted recently was PERFECT !
We now have a great open position in our hands and we start managing it by Taking some profit and relaxing this weekend!
Keep in touch for more ideas like this next week.
Hope you followed,
the FXPROFESSOR
DE30 Sell the uptrend.DE30 - Intraday - We look to Sell at 15809 (stop at 15871)
We are trading at overbought extremes.
Trading within a Bullish Channel formation.
Trend line resistance is located at 15815.
Preferred trade is to sell into rallies.
Our profit targets will be 15647 and 15627
Resistance: 15750 / 15800 / 15850
Support: 15730 / 15670 / 15630
DAX- Time for a CorrectionOur Last DAX idea below has been fulfilled and satisfied to the first part; price has risen and rejecyed on what used to be the ascending wedge's support (now resistance).
This could very possibly be the week that we experience a correction on the DAX's price as on our updated chart.
Let us know your thoughts.
the FXPROFESSOR
DAX- Rejection Could push the price lowerDAX has been rising like crazy in the last months but the price has very recently exited from an ascending triangle. The price might get rejected now and unable to enter back into the wedge (the triangle).
In this case the price might start dropping faster towards support as on this chart.
ps. In case the price breakS into and over the wedge then we will need to switch to a Buy position,
the FXPROFESSOR
DE30 Sell the trend of higher highs.GER30 - Intraday - We look to Sell at 15749 (stop at 15808)
We are trading at overbought extremes.
The trend of higher highs is located at 15750.
Bearish divergence is expected to cap gains.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 15583 and 15563
Resistance: 15700 / 15730 / 15750
Support: 15650 / 15600 / 15550
Dax 30 : Stuck in short positions ? Here is the solution ! Speculative sentiment index is just 7.5% on an average indicating an open above 15660 eyeing the targets 15820 and 16k + psychological level / Possible stop loss cluster area . Stuck sellers just be patient and do not put equal parallel positions at the moment ,you will be stuck for life time . Do that only if your margin is in trouble and deposit later to avoid the swap charges that gonna eat your account. Ascending triangle like formation is breaking slowly ( Typical Algos Frustration mode ) . Possible massive profit booking happens around 16000-16200 levels with some magic numbers high like 16033,16057,16077,16133 and so on . Machines will hunt entire typical human mind stop loss like 15650,15675 15700,15750 . Don't let the machines to trap you in mesosphere level if you are holding sell for long time. Trade Safe, All the best
DAX30 Short PositionMy software has automatically entered me into this trade. See notes on the chart. There is no trailing stop on this strategy so it either hits the original stop loss or hits the moving average and the trade is closed. Occasionally, if price consolidates for a while and the moving average moves higher, the price can be closed at the MA for a loss (although this is rare). As you can probably tell though, the longer the trade goes on, the closer the MA will get to the entry point. Therefore, we would prefer a quick reversal to maximise our returns.
DAX Index ANALYSISEntry and TP are marked on the chart. There are five targets to the downside. I have noticed that there was a crab pattern on the higher time frame. Please comment below.
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 15339 (stop at 15392)
We are trading at overbought extremes.
A higher correction is expected.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 15339, which will confirm the bearish sentiment.
Expect trading to remain mixed and volatile.
Our profit targets will be 15188 and 15158
Resistance: 15450 / 15500 / 15521
Support: 15400 / 15350 / 15250
DE30 - DiscountsI would ideally like the price to come down and wipe out some of the minor higher lows created before bouncing from the order blocks to the previous high.
Tuesday: DAX - Week 18 Part 2CHECK OUT THE UPDATED IDEAS, IN MY PREVIOUS DAX POST - and you can see how and why I changed my directional bias
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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