DE30EUR 2021 Jan 11 Week
DE30EUR 2021 Jan 11 Week
Red/green zones = preferred trade areas.
We see a strong rejection at A, notice the bar closing at the bottom third of the bar.
The bar after intermediate support at B went up on low volume, likely a mark up bar
Some reduction in volume as price makes new high, keep stops tight if on long position / protect profits.
Possible levels if price > 14140
14212
14254
Resistant1 = 14101 - 14140
Intermediate support = 13996 - 13420
Support1 = 13900 - 13928
Support2 = 13731 - 13747
Support 3 = 13568 - 13590
Dax30short
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 13854 (stop at 13931)
We are trading at overbought extremes.
A higher correction is expected.
A break of 13850 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
allies should be capped by yesterday's high.
The RSI is trending lower.
Our profit targets will be 13632 and 13532
Resistance: 14000 / 14050 / 14100
Support: 13900 / 13800 / 13700
GER30 Sell a break setup.GER30 - Intraday - We look to Sell a break of 13759 (stop at 13831)
We are trading at overbought extremes.
A higher correction is expected.
A break of 13770 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
Our profit targets will be 13543 and 13413
Resistance: 13900 / 14000 / 14100
Support: 13770 / 13630 / 13550
ger30,DAX,DAX30, short this is a short as in it really near all time high and soon going to break because of global reasoner that are going in the upcoming time.
in a bigger picture it is following a very high push upwards so might as well go for another high records but it closely follows Dow. the new York exchange and hence can be highly volatile due to the pandemic .
overall many retailers want a short as it has been a very strong upwards sueeze but to cannot fight against the banks youll have to always respect the big sharks in the market
DAX - The secret to surviving 🥨🍺There is no secret that we all have good and BAD trades.
Dax was my BAD trade last month.. Tried to get it once, tried to get it twice, it was just not listening to me.
So what do we do in these cases?
What is the secret to surviving in the markets?
Well the answer to both questions is ' FORGET ABOUT THAT ASSET FOR A WHILE' and trade something else.
Pick an asset which you are more synchronized with. Learn how to have many assets in mind, so you never end up chasing the one.
Just like the girl in the club playing difficult to get. Only way to grab that attention is to show up with another blondie✨.. another German babe maybe.
That is exactly what i did, I got onto other trades and totally forgot about DAX until it is time to remember it now:
DAX, I am back. I am about to start selling you again and this time i want all my money back.
STOP LOSS 13400
TAKE PROFIT gradually at 12880 12500 11900 11450
(Let me explain this part one more time: we take profit along the way, at every take profit level we cash out part of the trade and let the rest of the position 'run'. We also do change the stopl loss at zero risk at that time (entry point minus swaps)
(ps if this goes wrong again I will be forgetting DAX 😁 for a long time.. DAX this is your last chance to make out with the FX PROFESSOR)
Dax30 run out of fuelAs with all indices, since US election, Dax had a good run-up of 2000 point or almost 20%.
Now the index looks like running out of fuel and a drop to 12500 is possible.
I don't rule out a spike up towards 14k, but this in my opinion will be short-lived and can be used as a good entry point for sellers
DAX30 Short Idea DAX30 shorting idea fiboretreacement. Please consider your own Levels risk. Good Luck
ridethepig | DAX favourable to sellers📍 A few more words about the possible creation of a waterfall in global equities.
There is a strategically interesting example of the exploitation of ECB and FED. The board is hanging by a thread, here German Equities are remarkably similar to that of someone who is having difficult paying their debts while having to bend the knee and convince the masses to be guarantors.
One indication of the weakness at the highs is the isolation of 'C' represented in the retrace. All in all, the price action is clearly congested and gridlocked at the highs, but it will become really weak in the endgame of a cycle.
Here buyers came back in after we cleared the initial targets. If they manage to stop the sellers by completely blockading the downside and turning the move into an impulsive nature, then they are only right to claim victory with a break of C which will then unlock '3' in a sequence... you get the point...
The choice between bids and offers is generally not a very difficult one to make with vaccine and elections (almost) cleared. Of course the short-term news will shift negative a the hanging stimulus is illusory. So we can actively sell the highs here; quite rightly aiming for support.
Thanks as usual for keeping the feedback coming 👍 or 👎
DE30EUR / DAX30 / DAX - Shooting Stars and HammersPlease don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Trade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
DAX - DEU30 - Sell OpportunityRISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
DAX : horizontal trend rangeDAX is floating in the horizontal trend range, although there are bearish divergences, we can look at the chart for an uptrend if the price of 13.245 is crossed with a voluminous candlestick. With the downward break of 12.960, the first target will be 12.710.
DAX Trading Opportunity Dax is trading inside a rising channel will look for short opportunity on retest of upper boundary of channel.