DAX - War Zones!Hello TradingView Family,
DE30 is overall bullish trading inside these two brown trendlines forming a channel.
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: Lower Purple Circle (14000)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of a support/demand zone and the lower brown trendline acting as non-horizontal support. (trend-following setup)
Unless DE30 breaks the blue zone downward aggressively, then the next major support would be around 13500.0 (lower orange zone)
Zone 2: Upper Purple Circle (15000)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the round number 15k and the upper brown trendline acting as an overbought area.
As per my trading style/plan:
I will be waiting for DE30 to approach one of the purple circles to look for reversal setups on lower timeframes (like a double bottom/top, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck
All Strategies Are Good; If Managed Properly!
~Rich
De30
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 14566 (stop at 14624)
Trend line support is located at 14590.
Bespoke support is located at 14570.
A break of 14570 is needed to confirm follow through negative momentum.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our outlook is bearish.
Our profit targets will be 14416 and 14345
Resistance: 14600 / 14650 / 14700
Support: 14570 / 14520 / 14470
The DAX30 index touches long term resistanceI believe worth to share.. Just glanced at the DAX 3 month chart.. I saw that the German DAX30 index touches long term resistance that potentially could cause a rejection in the next days followed by a correction ... Today it opened with a gap up, and given de duration of the rally that started March 8th, I think it is time to cool down. Then I think is good to realize that the DAX now reached this importatn line of resistance connecting the tops of 2000, 2015 adn 2018. Of course to be confirmed by a significant red candle.
DE30 FALL and return to support lineAfter a strong collapse in November last year, the price has reverted to a longer uptrend that rests on the September 2020 support line and has not rallied above the resistance line since June 2020.
In February of this year, the price bounced off the support line 13626.5. And after that she showed good growth. Taking into account a slight correction, the price was able to break through the support line at 14331.5. And having already consolidated on it, it rose to the resistance line 14755.7. I expect from this line to turn around and fall back to the support line. So my final target is support line 14433.1.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GER30 Sell a break setup.GER30 - Intraday - We look to Sell a break of 14448 (stop at 14512)
Price action has formed an expanding wedge formation.
The trend of higher intraday lows has also been broken.
Trading within a Bearish Channel formation.
Trend line support is located at 14485.
20 4hour EMA is at 14486.
A break of bespoke support at 14470, and the move lower is already underway.
Our profit targets will be 14269 and 14206
Resistance: 14530 / 14580 / 14600
Support: 14470 / 14400 / 14330
DE30 Buy a break setup.GER30 - Intraday - We look to Buy a break of 14611 (stop at 14549)
Price action has formed a bullish ascending triangle formation.
Daily signals are bullish.
We look for gains to be extended today.
A break of yesterdays high would confirm bullish momentum.
Our profit targets will be 14779 and 14862
Resistance: 14600 / 14700 / 14800
Support: 14500 / 14470 / 14000
Dax Sells now valid....📉🙋🏻♂️🙏Do you trade the Dax?
The long didn't quite hit TP, but closed on reverse signal and followed with the sell (check the trade history below)
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 14332 (stop at 14401)
Price action has formed an expanding wedge formation.
Short term MACD has turned negative.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Trend line support is located at 14400.
A break of 14330 is needed to confirm follow through negative momentum.
Our profit targets will be 14124 and 14024
Resistance: 14430 / 14470 / 14500
Support: 14350 / 14300 / 14200
DE30 Buy a break setup.GER30 - Intraday - We look to Buy a break of 14621 (stop at 14559)
Daily signals are bullish.
Price continues to trade within the triangle formation.
A move through bespoke resistance at 14600 and we look for extended gains.
We look for gains to be extended today.
Our profit targets will be 14786 and 14866
Resistance: 14600 / 14700 / 14800
Support: 14520 / 14400 / 14330
DE30 - Push and SellI want to see a slight push before we sell off aggressively into the target level marked.
I have marked out the level I will be taking partial profits at as well as the SL placement.
DE30 Potential price moveWe see price ascending nicely to our daily trend line high, I'm expecting a fall from there than a possible bounce back to form new highs.
What's your thought?
DE30 Sell the pivot.GER30 - Intraday - We look to Sell at 14064 (stop at 14131)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Pivot resistance is at 14072.
We look for a temporary move higher.
A shooting star has been posted as prices reject the higher levels.
Our profit targets will be 13866 and 13806
Resistance: 14000 / 14050 / 14100
Support: 13900 / 13850 / 13800
DE30 corrective before the bullish stormA trendline is forming, RSI gives an overbought signal and the price reaches an all time high with reassuring news on the German economic level. A corrective wave could happen in the next few days before an all time new high. Stay tuned !
If you like the idea, support us with a like and follow.
MacroForex
DAX D2: Potential Directions // Deep Crab vs. SharkThe price on the German index moves upwards in the ascending channel.
On the Daily chart and up, we can see Potential Bearish Crab with the PRZ zone around 17250, more possible with the current trend. Breaking ATH could confirm the pattern. The next significant level would be 15000.
Potential double top on a weekly time frame. Dropping below neckline 13,300 would confirm this formation, and that would mean the realisation of the potential Bullish shark pattern.
All arrows are just copied and pasted - measured move!
More analysis available on polish version TV.
DE30 Sell setup.GER30 - Intraday - We look to Sell at 13909 (stop at 13981)
20 4hour EMA is at 13900.
Short term indicators have turned negative.
Trading close to the psychological 14000 level.
Preferred trade is to sell into rallies.
The previous swing high is located at 13900.
Our profit targets will be 13682 and 13582
Resistance: 13900 / 14000 / 14100
Support: 13800 / 13700 / 13670
DE30 Sell the downtrend.GER30 - Intraday - We look to Sell at 14099 (stop at 14181)
Trend line resistance is located at 14100.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Bespoke resistance is located at 14100.
The trend of higher lows is located at 14100.
Preferred trade is to sell into rallies.
Our profit targets will be 13853 and 13763
Resistance: 14100 / 14160 / 14200
Support: 14000 / 13900 / 13800
GER30 Buy the dipGER30 - Intraday - We look to Buy at 13617 (stop at 13555)
Dips continue to attract buyers.
We look to buy dips.
Pivot support is at 13567.
Dip buying offers good risk/reward.
Our profit targets will be 13803 and 13893
Resistance: 13800 / 13900 / 14000
Support: 13670 / 13600 / 13570
Dax- can it dive to 12500?Since the beginning of the year, the German Index consolidated above its previous ATH.
At this point, it seems like a correction is just around the corner and Dax can take a dive to 12500
Selling rallies in this anticipation can have a great R:R
New Week, New OpportunitiesHere's our overview on the DE30 for the upcoming days. As always we say, never trade equities without following the news.
If you like the idea, support us with a like and a follow and don't forget to leave your opinion in the comments section.
This analysis is for educational purpose and not to be used on real accounts.
DE30EUR 2021 Feb 22 Week (intraday)
OANDA:DE30EUR
DE30EUR 2021 Feb 22 Week (intraday)
Green/Red zones = preferred entry zone
Since price is in a rotation zone between 13825 - 14190, let's see if this is distribution in progress.
Daily chart shows last bar closing higher than 2nd last bar, and close is above middle of bar shows some demand there.
Scenario1:
H1 shows higher lows. Let's see if it will test 14070 or resistance.
Scenario2:
Market is unable to sustain the H1 uptrend and goes for the immediate support.
Trade with care.
Like and follow if you find this helpful : )
Have a good week ahead.
DE30 ends fall and starts new GROWTHDespite small price gaps, the index is moving in an upward trend. A new round of this trend began in November 2020 after the price first collapsed and then broke through the support line 12734.9. After that, the price continued to grow and in the process of this growth came to the resistance trend line 14199.5.
The first touch of this line happened back in August 2019. The last one was in February 2021. After it, the price began to fall, then rolled back and fell again without touching the line. I expect it to touch the support line at 13601.6 and then rise again to the resistance line at 14354.0.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻