German 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.
Back to 12060 then up again, 4:1
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.
Daily forecast you can enter with hard volumes(indicator).
Possible movement of chart all is in the volumes hands!
Clearly it is, but depends on whether it's now consolidating.
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 @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
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)
Sell Dax @11690 SL 11715 TP 11600 Buy Dax @11600 SL 11480 TP 11680
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
After the relief rally, market lost the hype momentum and seek comfort zone
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...
this is best moment to sell dax on really big move
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
Long time i think about DAX. I see one Global chanel(RED) and smaller channel (Black). In all channels shall be downward movement. Every order to open with SL Have good profit my people!