Dax 30 Index Analysis+SignalWe see in the graph above some points that strengthen our opinion about Sell position:
1. According to the Ichimoku Indicator, we are totally bearish as we are under the cloud and the blue line above the red line in W1
2. we can see that we are in a bearish channel with lower points each time and right now we are in the resistance
3. As soon as the price touched the moving average 100 he did not manage to cross it and it caused a drop
Sell Dax
Entry Price: 11230
Stop Loss: 11410
Take Profit: 10550
Daxshort
DAX INDEX 30 Short Signals!We are currently on very serious and important resistance that will determine the direction of the DAX for the coming days, According to Ichimoku indicator we are still in a downward trend, despite recent increases!
And we are also on the resistance of the Fibonacci retracement (23.6) Which means continue to move in the original direction.
For all the reasons are written above we recommend entering a sell position
Sell DAX
Entry Price: 11186
Take Profit: 10508
Stop Loss: 11540
DAX bounced off support, potential for further rise!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 corresponding rise in price.
DAX approaching resistance, potential drop! DAX is approaching our first resistance at 11778.68 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our support at 10989.90 (Horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
DAX approaching resistance, potential drop! DAX is approaching our first resistance at 11778.68 (horizontal pulllback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (Horizontal overlap resistance, 50% Fiboancci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching our resistance where we might see a corresponding drop in price.
DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11036.41 (Horizontal overlap resistance, 23.6% Fiboancci retracement, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 10181.14 (61.8% fiboancci extension, horizontal swing low support, 78.6% fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11036.41 (Horizontal overlap resistance, 23.6% Fiboancci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 10181.14 (61.8% fiboancci extension, horizontal swing low support, 78.6% fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Dax Short Analysis After the possible head-shoulders identified a few months ago and completed in December, now it seems that the price is trying to rebound and enter the channel between 10900 and 11200 points.
The last obstacle is the resistance of the 10900 (too hard to break up in this moment). The main trend remains strongly bearish and we do not exclude that over the next few months we can see the price break down 10,000 points. On this index the best entry is a short position after the resistance area at 11200 will reject the extension attempt; if this did not happen and the price immediately started to fall, we will try to find the best level to enter the market.
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DAX approaching support, potential bounce! DAX is approaching our first support at 10181.14 (horizontal swing low support, 61.8% fibonacci extension, 78.6% fibonacci retracment) where a strong bounce might occur above this level pushing price up to our major resistance at 10990.66 (horizontal overlap resistance, 23.6% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
DER30EUR stands at a 18% drop. The exchange rate is a multi-week intensive decline expected. Nearly 18% down from the current level. This means that the target price of the motion is around 8900 levels. From this level you can start later with a stroke of 40% more significant increase. But you have to wait. Currently, we are looking for short passes in the exchange rate for a few weeks. This is mainly done in day trading.
DAX sell zone 11000-11050 (H4 chart)This is my point of view for the DAX now. As i'm a student i don't have alot of time to check the chart. If I am able to watch the chart when it is in the sell zone that is mentioned in the title, I will upload an idea from that point with entry points and take profits. DAX is in a downtrend now, if the trade goes well we can make alot of points out of this trade.
Elliott Wave View: DAX Looking for Further DownsideDAX continues to make a new low and this week broke below 11/20 low (11009) suggesting that the move lower remains in progress. Near term Elliott Wave outlook calls for the decline to 11009.25 on 11/20 as blue wave (3). From there, rally to 11566.97 ended blue wave (4) as a zigzag Elliott Wave structure. Red wave A of (4) ended at 11403.72, red wave B of (4) ended at 11208.60 and red wave C of (4) ended at 11566.97.
Decline from there is unfolding as an impulse Elliott Wave structure and a marginal low still can happen before ending the 5 waves down. This move lower also ended blue wave (5) and black wave ((3)) of a larger degree. Afterwards, expect black wave ((4)) rally in 3, 7, or 11 swing before the decline resumes again. We don’t like buying the proposed rally as the right side still remains lower.
DAX approaching resistance, potential drop! DAX is approaching our first resistance at 11867 (61.8%, 100% fibonacci extension, 38.2% fibonacci retracement, horizontal overlap resistance) where a strong drop might occur pushing price down to our major support at 11066 (Horizontal swing low support, 100% fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.