DAX Buy SignalPattern: Channel Up on 4H.
Signal: Buy as the RSI hit and rebounded on the 39.50 Support level, which has always delivered a bounce.
Target: 13400 (Below the Higher Low trend-line).
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Daxfutures
FDAX1! - Forecast - 19/08/2020FDAX1! - Forecast - 19/08/2020
SHORT FDAX1!
ENTRY LEVEL 1 @ 12860
SL @ 12956
TP @ 12560 RR3.12
Risk 1%
ENTRY LEVEL 2 @ 12882
SL @ 12956
TP @ 12560 RR4.35
Risk 0.5%
ENTRY LEVEL 3 @ 12925
SL @ 12956
TP @ 12560 RR11.77
Risk 0.5%
FDAX1! - Forecast - 17/08/2020SHORT FDAX1!
ENTRY LEVEL 1 @ 12923
SL @ 12990
TP @ 12550 RR5.56
Risk 0.5%
ENTRY LEVEL 2 @ 12948
SL @ 12990
TP @ 12550 RR9.47
Risk 0.5%
ENTRY LEVEL 3 @ 12964
SL @ 12990
TP @ 12550 RR15.92
Risk 0.5%
DAX: Channel Up with the 4H MA50 supporting.DAX has been trading within a wide Rising Wedge but since the July 31st low, the index has entered into a smaller Channel Up on the 4H chart (RSI = 53.592, MACD = 30.100, ADX = 25.048). As long as the 4H MA50 supports, the pattern resembles the July Channel Up that topped on the 13,300 High.
We are expecting a typucal +4.70% leg towards 13,300 - 13,400 which is our Target Zone.
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MY STRATGY FOR TRADE DAX , i trade this from 5 years agoin 15 min fdax or FXCM:GER30(full night data need) , when AC240min is green ,,only look for buy ok?never sell
when AC30min goes red (down) ,put buystop on last high (when ac30 goes down,full red ,befor turn green you can put buy stop on 15 min candel high)
sl=last low
tp=3* sl or next daily piviot point
trail stop=40point
dont judge soon , try it 1 mounth on demo,then judje
DAX FUTURES- Position idea to trade .SWINGHello , everyone,
Remember to choose a trade size that fits your budget and doesn’t over-leverage your account. Markets can be unpredictable so ensuring you protect against excessive losses is important to your long-term success.
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DAX Trading plan for next weekPattern: Rising Wedge on 1D.
Signal: Bearish if the next opening is below the 4H MA50. Otherwise the signal is invalid.
Target: 13360 (right above the 4H MA200).
DAX: Attention needed. Bearish fractal to 12,800.The index has made a marginal All Time High today but the 1D RSI remains on a bearish divergence (RSI = 59.286, MACD = 52.400, ADX = 20.325) within the 1W Channel Up. This pattern resembles the May- July 2019 top sequence which ended with a strong decline towards the 1D MA200 (orange line).
If the 1D MA50 (blue line) is crossed again, we are expecting this time contact with the MA200. Our Target Zone is 12,700 - 12,870.
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DAX: Strong correction. Two support levels.DAX is on a strong correction (short term for the time being) with the 4H Channel Down (RSI = 38.828, MACD = -65.800, Highs/Lows = -254.2571) approaching the 12,945 - 12,885 1D Support Zone. On the short term our 13,100 Target on the previous sell call has been hit:
Right now we are focusing on where the Support levels are on this strong correction, and where is most optimal to buy. As long as the short term 12,945 - 12,885 Support Zone holds, we can expect a bounce any time now as the -5.00% correction is completed which is the norm on a medium term basis (happened in October 1st, 2019).
If 12,885 breaks though, then the correction will follow the longer term norm of -10.50% (happened in late July, 2019). As a result in that case we will wait for contact with the 1D MA200 (orange line) and buy for the long term. The Target will be at least 13,640.
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DAX Conditions for a medium term buyPattern: Inverse Head and Shoulders on 4H within a 1D Channel Down.
Signal: Bullish if the Lower High trend line breaks (green bold line) and as long as the Support Zone indicated holds.
Target: 12300 (the 1D Resistance).
DAX Buy signal on 1DPattern: Channel Up on 1D.
Signal: Long as it approaches a Higher Low.
Target: 11250, the last high and current resistance.
