Daxsell
TP 13,141 hit, tested the first support, new pattern emergingAs mentioned on the previous analysis, DAX was on a 1D Channel Up (RSI = 58.600, MACD = 166.500) that hit our 13,141 target and under overbought pressure it broke to the downside and nearly tested the first support at 12,919.58. As seen on today's 1D candle, the Channel Up pattern is technically broken (STOCHRSI = 0, ADX = 53.909, CCI = 48.7206, Highs/Lows = 0) at least marginally. If tomorrow it gaps above 13,050 on opening, then the pattern is still valid. Otherwise after a small rise to 13,028 it should decline and until June 06 even reach the lowest support = 12,747.15. After that point, a strong multi week bullish rebound is expected towards 13,350. So if you don't wish to short this and take a safer approach on the medium term, buy on every support you see with a tight (10 pip) SL.
GRXEUR SELL OPPORTUNITY GRXEUR
Hello traders
We have strong supply zone on the chart but now market oversold
we may have correction something like flag patern or more complex
we may go to near demand zone and if price dont break this zone we may sell
sell from demand its a risky trade so you can wait until price break supply zone and then sell
targets on the chart
Germany Dax DE30 Daily Update (21/11/17)13250 resistance zone
But..
Candle is still pretty bullish.
wait for a small consolidation with rejection candle before taking a short.
Do note, it is a counter-trend trade, the structure is still very bullish.
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Wiser Look - Wider viewHi traders. weekend is here. time to relax and look back.
They say older people are wiser, since they know what happened in the past, hence they git a wider view.
Weekly chart we can see a great divergence, meaning we should welcome the BEARS are enjoy the downhill ride.
It doesn't mean it will happen on Monday, but bear in mind - it will come sooner then later.
and when the bears will hit, it will be painful.
targets are as always the 0.618% fib retrace.
BUT, we gotta keep respect Daxi, and price action. so looking at daily time frame will be our helping hand.
Enjoy your weekend !
GER30, DAX30 ShortShort double top over 12.800 include fibs reversal to next target 12.560, 12.390, 11,980.
Short possible on basic trend line red.
German Dax - Daily - Sell for a correction/ReversalGerman Dax is calling for a correction on monthly/weekly time-frames. Also with the upcoming french and german elections this year, I am expecting weakness/corrections in german dax for the coming weeks.
DAX 30min, BEAR DVG, maybe down to break-up-level 122260 ?DAX 30min, BEAR DVG, maybe down to break-up-level 122260 ?
It's a strong uptrend, but will this DVG, change to some down again ?
This is maybe not a higly good R/R ? , but will watch those next candles, look for more signs.
Weekly Dax analysis for 13.02-17.02Next 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.
DAX 60min BULL dvg all indicators, shortterm couple of days?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.
DAX Trading Idea for 07-02-17Sell @11610, 11570, 11560, 11520, 11500, 11480, 11467 (+210/+170/+160/+120/+100/+80/+67/
SL 11650
TP1 11400
Also possible, but im good with 11400.
TP2 11320
TP3 11200
Dax Trading Idea for 30.01 - 03.02 Short -> LongSell @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)
DAX @ daily @ trading box (11430 & 11802) next area ?!Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
DAX , HIDDEN BEARISH DIVERGENCE >> develope to the downside ?Not sure , but if it holds on here 10648 , I can notice we have a clear HIDDEN bearish divergence, that could come in play now >>> to the downside. Put a SL above that level, for a start.... and move the SL down, when posible. Not an easy task , so let's see if it could be any good....
That 4h-candle was not finnished, for another 2 hours.... but I did choose to make the chart now.....
Reversal ahead?since dax ended his correction game, it looks like the up move was of a "correctional" nature to prepare a much bigger sell off.
Areas of interest will be between 10.600 and 10.550
