De30
Potential head and shoulders forming on DE30DAX is potentially forming a head and shoulders pattern on Daily timeframe with a neckline retest at 12600.
Entry: 13120 (short)
TP: 12600
SL: 13310
Risk/Reward ratio: 1:2.75
CURRENCYCOM:DE30
Edge with the DAX & Trading mindset videoA video showing our settings on trading the Dax and how powerful a high RR can be in overall net profit.
I also touch on sticking to your plan and accepting that any strategy has a losing run from time to time!
What would you do after the 4th trade? Let me know.
Regards
Darren
Dax daily: 31 Jul 2020Congratulations to all traders who went short with us yesterday. Another success to add to our analysis records. Just as we expected, Dax slipped away from the consolidation range and took a prudent southern direction right after the open. The momentum was rapid and the price pierced through two support levels. If you were aiming our target at 12 592, we congratulate you for a lovely 200 points of profit.
Important zones
Resistance: 12 494, 12 592
Support: 12 278, 12 151
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Dax shifted to the new territory after yesterday's sell-off and bounced off the support at 12 278. The disappointing print of German GDP was the movement catalyst and chances are the bearish momentum will prevail. The price is currently in between two S/R zones and might possibly stay there as Friday's session are usually slower. We anticipate the overnight gap to get closed.
DAX30 watch the 10,000 Level DAX looks bearish to complete the correction, overall trend is UP, watch the 10,000 level
DE30maybe we visit the bottom of our ascending channel
VIX going to rise , cause market need higher violently
the best trade here will be to buy from the bottom and wiat until the end of the consolidation
keep an eye on wirecard
DAX - DE30 video top-down analysisHello everyone, here is the top-down analysis for DAX, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
DOW JONES - US30 waiting for the sell setup to formon DAILY: DOW JONES is sitting around a strong resistance zone in green so we will be looking for objective sell setups on lower timeframes.
on H1: DOW JONES is forming a trendline in red so we are waiting for a new swing to form around our lower red trendline to consider it valid and enter on its break downward.
DAX - resistance with a rising wedgeLooking at the daily chart of the German Dax index we may spot a potential rising wedge pattern with potential resistance at the recent high at 12922 pts. The rising wedge pattern is typically a potential bearish structure.
It may be confirmed only by a breakout of the line drawn through the bottoms. Then the next potential support may be located at 11750 pts.
Only a move above 12922 pts. could change the view from bearish to bullish.
________
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.
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DE30 Index Trade Idea DE30 Trade Idea.
Currently price is bullish. Price has broken above the resistance level which now may slowly turn into a support level. Waiting for a possible retest of this level and a further confirmation before placing a buy trade.
However, price has also met the daily high level and we could see a possible trend reversal should price fail to continue its bullish run. Should such happen I will wait for a retest of the level as resistance as well as a confirmation and place a sell.
I also speculate a possible doji candlestick forming hence the trend reversal.
Minimum R/R - 1:1
TUI AG There is a lot of profit margin to reach the upper imbalance. This is a stock we are currently buying and have enough to risk to make the position risk free now after charges.
Technically we have two very strong supply zones.
Here the sell off was due to fear of the coronavirus effect.
The airline industry has majority of which halted.. however the cheap price has now offered lows of 1999, so a great opportunity as destinations open up.
Good luck in this trade
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DAX trading - some magic in the tests....DAX, not taking trades on a Wed has given us the most profitable result and no trades taken during the London session.
Great net profit, win rate and low DD.
We can test these functions in our strategy and see all trades visually on the chart for following the strategy moving forward.
Regards
Darren
sellstop on low boys AC(accelerator indicator) in 240min and AC30 min is very very important on dax
dont judge soon ,1mounth try it
dax main trend is +on dax never never trade against main trend (when dax is above EMA200 daily)
so put buylimit , place =
1on gap 1on daily ema200 (and buystop on that zigzag high)
for find target use TREND BASE FIBO EXTENTION(in metatrader =fibo expantion) drow it on last N shape (i draw it on time30min)
main level=61-100-161%
tradingview.com/chart/jtsoM2GC/