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DAX - one big and one small head and shoulders patternsIn our previous analysis about the German stock index DAX we have mentioned that the market may wait for a large head and shoulders pattern. The resistance where the left and right shoulders seem to be located near the same level. The neckline could be set by the previous lows at 12313. However, looking at the lower time frame we could spot another potential head and shoulders pattern. Its neckline is being tested right now and if it is broken the market may move toward mentioned support at 12313 or even to the textbook target at 12037. 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. 81% 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.
XETR:DAX
by Daniel_Kostecki
DAX bullish candle for short term upside to 13000Hello Fellow Trader! Bullish candle reversal outside Bollinger band suggests we could see short term rise in price to 12850 for DAX. DAX - Moving the stop to break even would be a wise move once target 1 hit. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Outside lower Bollinger Band - RSI oversold territory - Waiting for bullish candle reversal candle - SPX also starting to recover Key Levels: Support - 12545 Resistance – 12850, 50 EMA, 200 EMA, 13000 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 12600 Supporting Entry – 12650 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 12498 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 12600 – Target 1 12850 = 2.5x Reward to Risk Optimal Entry 12600 – Target 2 13000 = 4x Reward to Risk Supporting Entry 12650 – Target 1 12850 = Reward to Risk Supporting Entry 12650 – Target 2 13000 = Reward to Risk
DLong
by tradetheday
DAX bearish flag targeting 12535Hello Fellow Trader! DAX bearish flag looking to continue the down trend for at least the short term. SPX also starting to roll as global indices start to sell off. Key Points: - Daily – Below 50 EMA - Daily – Targeting Trend line or 200 EMA - Below 50 EMA - Below 200 EMA - Flag pattern for break out - SPX futures bearish Key Levels: Support – 12680, 12535 Resistance – 50 EMA, 200 EMA, 12795 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 12770 Supporting Entry – 12750 – Break of flag Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above 12851 and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 12770 – Target 1 12795 = 3x Reward to Risk Supporting Entry 12750 – Target 1 12795 = 2.5x Reward to Risk
DShort
by tradetheday
DAX Buy SignalPattern: Channel Up. Signal: Buy as the price is forming a Bullish Flag , which has been a bullish break-out signal in the past 2 occurrences within the Channel. Target: 13150 (short-term) and 13500 (long-term which is the -0.5 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Haluk1969 --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
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