#dax30 - last downmove? #grxeurThe downward dynamic is weakening. Divergences emerge.
Another slide, only to enter the recovery phase?
Daxtrading
DAX Index technicay based expecting higher fall
ENTRY: 11.570
TP: 11.450
TP2: 11.300
SL: 11.806
Chart time frame - 1D
Time for reaching TP - 1-3D
Follow, Like, Share or Comment
Thanks on supporting!
All best!
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 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 SignalPattern: Channel Up on 1W.
Signal: Bullish as the price rebounded on the Channel's Higher Low.
Target: 12600.
DAX Double Sell SignalPattern: Channel Down on 4H.
Signal: Bearish after a Lower High rejection today.
Target: 11,855.70 (4H Support).
*Note: If 11,800 breaks, the 1D Channel Up can technically reach its Higher low at 11,620.
DAX Sell Signal (4H H&S)Pattern: Bearish Head and Shoulders on 4H.
Signal: Bearish after the neckline's Resistance rejected the price.
Target: 11260 (symmetrical legs).
This is my long term outlook:
DAX Big Sell SignalPattern: Channel Down on 1W.
Signal: Bearish since the price is near the pattern's Lower High.
Target: TP1 11215, TP2 11050.
*Note: The same pattern took place in 2015/ 2016. After the 5th wave on the Lower High the index pulled back to its 0.5 Fibonacci and then broke the Channel upwards.
DAX Sell SignalPattern: 1D Channel Up.
Signal: Bearish as the price has been rejected on the 1W Resistance.
Target: 11380 (the Channel's Higher Low).
Dax - day viewTwo possible scenario for DAX.
We closed two gap.
Retest last high and continuation bullish scenario (blue arrows).
Or we will break the minimum of the last week and continue moving down (pink arrows).
Let`s see.
I will comment on the idea, as events unfold.
Thank you for your attention.
DAX - trading scenariosTwo possible scenario for DAX
Potential targets on the chart.
Let`s see.
I will comment on the idea, as events unfold.
High risk trade!
Thank you for your attention.
