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 👩💻
De30
Dax30 (DE30) Short TradeDax30 (DE30) Short Trade. It's a VSA Trade. RRR is not too good but still good.
CURRENCYCOM:DE30
DAX - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
DAX is approaching its all-time-high in green 14200.0 so we will be looking for sell setups on lower timeframes.
on H1: DAX is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone) and waiting for a break below the 14k level to sell for extra confirmation.
Until the sell is activated, DAX would be overall bullish and can still trade higher.
And of course, as DAX approaches our lower blue support 13500.0, we will be looking for buy setups.
Good luck!
~Rich
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 13988 (stop at 14066)
Daily signals for sentiment are at overbought extremes.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
A move through 14000 will confirm the bearish momentum.
Our profit targets will be 13706 and 13616
Resistance: 14100 / 14130 / 14200
Support: 14000 / 13900 / 13800
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 13887 (stop at 13975)
Daily signals for sentiment are at overbought extremes.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
A move through 13900 will confirm the bearish momentum.
A bearish Head and Shoulders has formed.
Our profit targets will be 13628 and 13518
Resistance: 14030 / 14130 / 14200
Support: 13900 / 13800 / 13670
DAX RSI divergenceOn the Dax H4 chart we can see RSI divergence, all time high price, and the price touched the uptrend channel top, so we can wait a short term correction to around 13500.
I recommend to open short position on market price, take TP around 13500, and SL around 14300.
Trade at your own risk.
Please don't forget to like, follow, and comment, if you like my analysis.
DE30EUR 2021 Feb 08 Week
OANDA:DE30EUR
DE30EUR 2021 Feb 08 Week (Intraday)
Green/Red zones = preferred entry zone
D1 chart showing weakness
- shortening of thrust observed
- price advancing on decreasing volume
H4 chart similarly showing price advancing on diminishing volume
Also note the narrow range bars as it approaches the high.
if price forces through resistance and show rejection, it will be good opportunity to short.
Else just ride the channel
Remember to follow or like if you find this useful.
Have a safe and profitable trading week ahead.
Dax Short positionWe are seeing an slight relief in Coronavirus numbers now so the outlook for next week is still bullish as I see it, but as I see a real risk for the slowing of the january christmas and NYE spike from uk variant there very well could be a new spike of numbers coming in February. On a TA Level I see the dax being at resistance having been strongly supported by the 20DaySMA, thus we already are at strong resistance around 14k we will see a correction in the next weeks trigger would be breaking the 20 Day SMA.
Also I indicated the TOPS by of distance from 200 Day SMA, on average we peaked at 10-14% which was reached January eight.
DAX - head and shoulders patternIn our previous analysis, we’ve mentioned the potential head and shoulders pattern which has been created on the German index DAX. It seems that the neckline in this pattern has been broken and the index has dropped to the lowest level since the third week of December 2020.
Thus, the mild bearish scenario seems to be completed, but the more aggressive bearish target is set even lower. The textbook target is located around 13146. If the market won’t come back soon above 13800 the bears may take control and push DAX lower.
_______
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
76.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 13559 (stop at 13669)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
We look for losses to be extended today.
A break of 13560 is needed to confirm follow through negative momentum.
Pivot support is at 13220.
Our profit targets will be 13252 and 13151
Resistance: 13730 / 13900 / 14000
Support: 13560 / 13420 / 13200
DAX - Wait For The Break!Hello everyone, if you like the idea, do not forget to support with a like and follow.
DAX is sitting around a strong supply zone and round number 14000.0 so we will be looking for sell setups on lower timeframes.
on H4: DAX formed a valid channel in red but it is not ready to sell yet. We want the sellers to prove to us that they are taking over by breaking below the last swing low!
Trigger: Waiting for a momentum candle close below the gray area to sell. And for extra confirmation , wait for a momentum candle close below the 13600.0 to sell (which would be the neckline of the head and shoulders pattern from H1)
Until the sell is activated, this one would be overall bullish and can still trade higher and higher!
As price approaches our lower blue support, we will be looking for buy setups.
Good luck!
DE30EUR 2021 Jan 25 Week
OANDA:DE30EUR
DE30EUR 2021 Jan 25 Week
Green/Red = Preferred entry
Look for entry opportunities in lower timeframe
A = Reversal
B = No result from effort
We may see some weakness.
Immediate Resistance = 13928
Immediate Support = 13843.6
Resistance3 = 14138
Resistance2 = 14044
Resistance1 = 13968
Support1 = 13742 - 13761
Support2 = 13675 - 13696
Support3 = 13569 - 13600
Remember to Like and Follow if you find this useful.
Have a safe and successful trading week
DOW JONES - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for DOW JONES, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
DAX - possible head and shoulders patternThe German index DAX has been forming a potential head and shoulders pattern with possible right shoulder forming right now. Looking at the chart we could spot the nearest potential resistance at 13985 USD. This is the area where the right shoulder may end. If it happens we could expect a downward movement.
The first confirmation for the head and shoulders pattern will be a breakout of the neckline. If it is broken the market could fall to the textbook target at 13146. It seems that only a move above the recent high at 14131 may change the described scenario.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
76.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GER 30 Buy the uptrend.GER30 - Intraday - We look to Buy at 13759 (stop at 13675)
We look for a temporary move lower.
Dips continue to attract buyers.
We look to buy dips.
Daily signals are mildly bullish.
Trend line support is located at 13760.
Our profit targets will be 14015 and 14088
Resistance: 14000 / 14030 / 14135
Support: 13900 / 13800 / 13700
DOW JONES - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
DOW JONES is sitting around strong round numbers 30000.0 - 31000.0 so we will be looking for sell setups on lower timeframes.
on H4: DOW JONES is forming a channel trendline in red so we are waiting for a new/third swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
DE30EUR 2021 Jan 18 Week
OANDA:DE30EUR
Green/Red = Preferred entry
Double Top, and 2nd last bar showed weakness by closing off the lows.
Possibly will test 13716 / 13650
Resistance2 = 14078 - 14138
Resistance1 = 13876 - 13928
Support1 = 13568 - 13600
Support2 = 13415
Support3 = 13209
Support4 = 13004 - 13043
Remember to Like and Follow if you find this helpful : )
DE30 in Head and shoulders.GER30 - Intraday - We look to Sell a break of 13818 (stop at 13889)
We are trading at overbought extremes.
Rallies should be capped by yesterday's high.
A bearish Head and Shoulders is forming.
We look for losses to be extended today.
A higher correction is expected.
Our profit targets will be 13606 and 13511
Resistance: 14000 / 14100 / 14200
Support: 13900 / 13800 / 13700
DAX - Don't Sell Now!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: DAX is sitting around a strong round number 14000 area in green and All-Time-High so we will be looking for sell setups on lower timeframes.
on M30: DAX is forming a wedge pattern in gray but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
Good luck!
DOW JONES - Wait For It!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: DOW JONES is sitting around a strong round number 31000 area in blue and its All-Time-High so we will be looking for sell setups on lower timeframes.
on M30: DOW JONES is forming a wedge pattern in gray but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
As price approaches our lower red trendline, we will be looking for buy setups.
Good luck!