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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Dax30short
GER30 short entry from 14750-14900The ascending triangle broke up. The Dax was probably boosted by US markets.
Elliott waves seem to apply well. We are currently in wave 5.
The top might be at 14750 (0.618 of wave1) or perhaps 17900 (1 of wave 1) but the daily/4h RSI is overbought so I think 14750 should be the top.
From 14750 level, I will look for a short entry and wait for rejection candles before entering.
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I still hold a short low leverage from a previous idea (see link - this analysis is an update of that one to integrate the price moves since the last 2 days.)
I entered too soon :)
The DAX30 index touches long term resistanceI believe worth to share.. Just glanced at the DAX 3 month chart.. I saw that the German DAX30 index touches long term resistance that potentially could cause a rejection in the next days followed by a correction ... Today it opened with a gap up, and given de duration of the rally that started March 8th, I think it is time to cool down. Then I think is good to realize that the DAX now reached this importatn line of resistance connecting the tops of 2000, 2015 adn 2018. Of course to be confirmed by a significant red candle.
Dax Sells now valid....📉🙋🏻♂️🙏Do you trade the Dax?
The long didn't quite hit TP, but closed on reverse signal and followed with the sell (check the trade history below)
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren
DAX 14502 - 0.46 SHORT IDEA * STRUCUTRE & PRICE ACTIONHey everyone
Hope everyone is good having a good one, Here's a look at the DAX from the 4H chart.
* The index has been rallying on a high with impulses and corrections.
* currently trading in a bullflag signalling continuation but before we see this move we trade the roof & floor of this structure.
* Scale down for entries for more margin and an edge on risk.
* follow your entry rules on entries
* significant moves with the bulls change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 14332 (stop at 14401)
Price action has formed an expanding wedge formation.
Short term MACD has turned negative.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Trend line support is located at 14400.
A break of 14330 is needed to confirm follow through negative momentum.
Our profit targets will be 14124 and 14024
Resistance: 14430 / 14470 / 14500
Support: 14350 / 14300 / 14200
DE30 - Push and SellI want to see a slight push before we sell off aggressively into the target level marked.
I have marked out the level I will be taking partial profits at as well as the SL placement.
DAX/ Ger30 SELL SET-UPHi everyone,
Here is my personal analysis! I am not a financial advisor but maybe my analysis would help in your trading.
If you like this analysis, please give a like and comment! Thanks!
Have safe trading and always remember "Never trade with your emotions."
DAX WATCH BREAKOUT AND 2618Like and comment if interested
Post your ideas and questions in the comments section.
Good trades
NOTES:
- We follow the transactions we publish instantly and wait for our own signal strategies.
- We never trade as the price reaches the trade zone.
- Our analysis is not a buy or sell signal for you. It is not investment advice.
- trading with the signal is no better than having your own style.
Yours truly.
Dax- can it dive to 12500?Since the beginning of the year, the German Index consolidated above its previous ATH.
At this point, it seems like a correction is just around the corner and Dax can take a dive to 12500
Selling rallies in this anticipation can have a great R:R
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 13988 (stop at 14066)
Daily signals for sentiment are at overbought extremes.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
A move through 14000 will confirm the bearish momentum.
Our profit targets will be 13706 and 13616
Resistance: 14100 / 14130 / 14200
Support: 14000 / 13900 / 13800
DAX RSI divergenceOn the Dax H4 chart we can see RSI divergence, all time high price, and the price touched the uptrend channel top, so we can wait a short term correction to around 13500.
I recommend to open short position on market price, take TP around 13500, and SL around 14300.
Trade at your own risk.
Please don't forget to like, follow, and comment, if you like my analysis.
De30. ShortTp 14050
Sl 14190
price chart with gaps almost every day is typical for very thinly-traded securities and should be avoided. Prices often gap up or down at market open, but the gap does not last until the market closes. Such temporary intraday gaps should not be considered as having any more significance than normal market volatility.
Dax Short positionWe are seeing an slight relief in Coronavirus numbers now so the outlook for next week is still bullish as I see it, but as I see a real risk for the slowing of the january christmas and NYE spike from uk variant there very well could be a new spike of numbers coming in February. On a TA Level I see the dax being at resistance having been strongly supported by the 20DaySMA, thus we already are at strong resistance around 14k we will see a correction in the next weeks trigger would be breaking the 20 Day SMA.
Also I indicated the TOPS by of distance from 200 Day SMA, on average we peaked at 10-14% which was reached January eight.
DAX - SUPPORT IS BEING TESTED ATMOur updated DAX chart. As the chart imposes a major support is being tested after the asset's failure to rise higher.
Eurozone is in trouble with France showing weekness and this might cause all European indices a correction. Italy and Spain as well as the rest of the PIGs are hustling with lockdowns.
Could this be the time to click on the Sell button? We will find out in the next few hours/days. I'm going short here and hedging with buying Nasdaq, but that's me guys.
Dax 30 Signal Welcome to dax 30 chart .
Please red the chart carefully to my next upcoming short position on dax .
Risk reward ratio average 2.5.
Thank you