Im lon on the dax and you can see all the reasons right in this video
Wait to long DAX at the previosly broken resistance level...
Going to keep riding this wave, more pips to come by the looks of it.... nice tight stop on this one as well... enjoy...
DAX bounced off our first support at 11008 ( Inverse head and shoulder neckline support, 23.6% fibonacci retracement ) where a further rise might occur pushing price up to our major resistance at 11757.29 (50% Fibonacci retracement , 100% Fibonacci extension, Inverse head and shoulder porfit potential ). Ichimoku Cloud shows bullish trend where we might see a...
Our signal for the DAX is BUY, we are believe the resistance will fall soon! and the Dax will continue a short UP trend and will follow the American indexes!
I take a long due to this chart. downtrend is getting weaker and it could be logic that it is testing the trendline again. I'll update this chart on a lower timeframe to enter a short position when it is at the trendline.
500 points are possible in the next 2 weeks with the goal 13,400 + XXX points. The risk is less than 80 points loss and therefore a good CRR-ChanceRiskRelation is given.
DAX remains on the medium term Channel Up on 1D (RSI = 65.938, Highs/Lows = 113.6786), being kept on a consolidation range in an effort to normalize the overbought STOCH, STOCHRSI and Williams numbers. As seen on the chart, 12,919 and 12,854 are the support levels (and long entries) with 13,141 the resistance (and TP). As long as EURUSD keeps falling, DAX will be...
Dax - Daily time frame. I see a great buy setup on Dax for a quick 300-500 points move to the upside. Reason for the buy call is purely price action and simple technical analysis.
I have longed at 12070. Target 12170. SL: 12045. Good Luck.
Daily forecast you can enter with hard volumes(indicator).
Possible movement of chart all is in the volumes hands!
Next week we can go upto 11840 and max down to 11480. If Dax goes under 11640 till Friday we can see 11575 - 11500 - 11480 - 11400 and max 11200. I will buy from 11690 - 11700 - 11720 - 11760 with TP 11805. I will sell from 11805 - 11760 - 11735 - 11690 - 11640 - 11580 - 11540 - 11480 with TP 11408.
BULL dvg in MOM , RSI & MACD in 60min chart, often be a bullish sign. BUT it's obviose a HS topformation, so here we have to be careful, and watch careful for bearish sign's again, and if it turn down again.... This could also be used for a new better short-position again, if that should appear :) If it stay's over 650-700, that could also be even a stronger BULL-case.
Sell @11775 (+235/-125) SL 11900 TP 11540 Buy 4 Positions @11540 (After reaching any TP move SL to this TP) (+960/-580) SL 11395 TP1 11655 (+115/-145) TP2 11750 (+190/-145) TP3 11835 (+295/-145) TP4 11900 (+360/-145) Under 11322 Dax will fall down to 10970. February will show us how Dax will continue. Here you can see my LongTimeTrade for Dax(TP12200)
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron