Daxshort
BUY DAX ON WEEKLY CHARTThe European market kept its collective head on Monday morning, avoiding another plunge despite the alarming losses in China.
One of the more curious aspects of the coronavirus situation is that, while the rest of the world’s indices suffered, the Shanghai Composite was side-lined by the Lunar New Year holidays. Well, Monday saw it play catch-up. The Chinese index lost close to 8%, investors bailing at the first chance they got – this as the death toll jumped by 57, the single one-day increase since the virus was detected.
Instead of treating this as another chance to sell, Europe was level-headed after the bell. The DAX rose 0.2%, while the CAC eked out a 0.1% increase. The FTSE was a bit more energetic, adding 0.3%, though that’s because of the pound’s early February retreat. As for the Dow Jones, the futures are currently pencilling in a 100 point bounce later this afternoon.
DAX30 GER30OUTLOOK: BULLISH
Past few days DAX30 has been confounding forecasters - and whipsawing short-sellers - by rebounding sharply.
Weekly suggests retrace to 12620 on DAX, then up to 13775!Immediate short on DAX makes sense if you look at it on a weekly basis there is reversal structure forming at the current price, the long wicked dojis and red candle pinbars are associated with a move lower. The volume is accumulating for a slight retrace as the DAX cannot catch up to the US equities at all-time highs. The retrace is still the previous broken level which happens to be the 50% retrace from the impulse move. That would mean that a 5% pullback is to be expected in the DAX and that can be ignited by a pullback in the S&P 500 market which we are anticipating as well. The upside move is the extension based on recent impulses right at 13375.
Disclaimer: This trade idea is for educational purposes exclusively, this does not constitute investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
Dax - Intermezzo-Short - RRR 8 to 1Hi, Servus, Grüezi and Moin, Moin,
something really crazy today - a Dax "Intermezzo-short".
The last actions at the Dax were almost completely long and filled the account very well.
Now I think the time has come for an "Intermezzo-short" with RRR of over 8 to 1. I like to bet a few of the last winnings on RED candles.
My tradingplan:
Short-entry 13.227
SL: 13,287 daily high (60 points)
Target: 12,737 and lower (490 points)
Greeting from Hanover
Stefan Bode
DAX DEU30 Short Decision Level has been brokenNow my Trendchannel system shows short
Decision Level BLACK has been broken
Now we are in Short Aerea.
Good trades
If you want to support my work , please be so kind and like them
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My posts are not and advice to buy or sell something
always do your own research
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Renkotrade
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DAX LONG but watch out 12900 LevelMarked with a black arrow
This is the Level which should not break
Please notice that he channel system startet
to slow the uptrend.
Good trades
If you want to support my work , please be so kind and like them
-
My posts are not and advice to buy or sell something
always do your own research
-
Renkotrade
DAX DEU30 LONG exact like Forecasted in the ChannelDAX is in Long Mode since 15.10. and runns up
in my channelsystem like it should.
The shorttime forecast is exact in the middle of
the longtime forecast channel, so move is straight
gone up in same manner since 15.10.
Please have an eye on the lower BLUE marked trendline
Short only by fall below that line at 12730
Stopp Long if the blue trendline is broken !
Good trades
If you want to support my work please like them...
and if you want to know more about my trading style
please send my a boardmail.
I am just started yesterday a blog, the design
must be finished , but the infos you are ableo to
find here.
www.patreon.com
Good trades
If you want to support my work please like them...
and if you want to know more about my trading style
please send my a boardmail.
Renkotrade
Renkotrade
sell at 12395 with 4 target step by stephe up because china us headlines but the most becuse of the wich of bce and german bank
but market fully priced it so if bce is less dovish or even not act he will go more down than my 4tp
also have 3 open lower gap
we are overbought
i real think is good timing to sell with a good ratio /risk /gain
we can take now first easy 150-200 pts but i think we will in next weeks/month down of 1500-2000pts
germany we can litteraly say that she is in recession near or right now