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De30

DAX, D1 - head and shoulders patternLooking at the daily chart of the German index DAX we may spot a potential head and shoulders pattern. The prices have bounced back from possible resistance area which has been set by the previous bearish gap. If it holds the price could drop to the neckline drawn through the bottoms. However, if this potential support is also broken we could expect another potential drop to the recent bullish gap and textbook target of the head and shoulders pattern. The potential target might be located at 9502 points. ________ 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. 66% 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.
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by Daniel_Kostecki
DAX, H4 - the bearish gap has been defendedLooking at the chart of the German DAX index, we may see that the bearish gap was defended after the market broke out from the triangle pattern described in the previous analysis. At that time we pointed to the gap as a potential target and a barrier to possible further increases. Such a strong reaction to this described resistance may mean that the market has a chance to move back towards potential support, which could be located in the region of 9600 points. There, in turn, is a bullish gap which has not yet been closed, ________ 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. 66% 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.
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by Daniel_Kostecki
DAX, H4 - potential triangle patternThe German DAX index has been creating a potential symmetrical triangle pattern. The market has been moving within its upper and lower bounds. They seem to be the nearest resistance and support areas for the market. From the technical point of view, we could wait for the breakout with the next possible resistance at the huge bearish gap from March or with potential support at the bullish gap from the beginning of April. ________ 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. 66% 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.
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by Daniel_Kostecki
Dax DE30EUR, Weakness Appearing - Short Term - 30min chartOverall the trading range we currently see on the Dax is still a bullish formation, we are still in an uptrend environment. However, weakness is creeping into the chart with volume /supply entering at the top to the trading range, a longer amount of time is being spent at the top of the current trading range (on the 1 hour , 4 hour time frame, when price reaches the top) than in previous range, this indicates slow, controlled professional selling (institutions moving out of a position). Although on the higher time frames I believe we have room to go higher, from an intra day perspective, if we breakout of the bottom of this 15 minute chart trading range, and put in a subsequent lower high at the neckline, then the opportunity is there for an aggressive, quick short to the bottom of the current trading range. My thoughts overall is we are seeing early signs of weakness, and eventually this current trading range on the 1 hour, 4 hour charts will prove to be a distribution
EUREX:FDAX1!Short
by Price_Action_Setups
Dax DE30EUR, Weakness Appearing - Short Term Short OpportunityOverall the trading range we currently see on the Dax is still a bullish formation, we are still in an uptrend environment. However, weakness is creeping into the chart with volume/supply entering at the top to the trading range, a longer amount of time is being spent at the top of the current trading range (on the 1 hour , 4 hour time frame, when price reaches the top) than in previous range, this indicates slow, controlled professional selling (institutions moving out of a position). Although on the higher time frames I believe we have room to go higher, from an intra day perspective, if we breakout of the bottom of this 15 minute chart trading range, and put in a subsequent lower high at the neckline, then the opportunity is there for an aggressive, quick short to the bottom of the current trading range. My thoughts overall is we are seeing early signs of weakness, and eventually this current trading range on the 1 hour, 4 hour charts will prove to be a distribution
EUREX:FDAX1!Short
by Price_Action_Setups
DAX: Sell opportunity if the Support breaks.DAX is trading within a Rising Wedge on the 4H chart which started on March 23rd when the previous bottom was made. Despite the fact that today it broke the Higher Low trend line, the technical indicators are neutral (RSI = 45.750, MACD = 8.800, ADX = 19.431) as the Support Zone hasn't been broken yet (10,225 - 10,165) and the 4H MA50 is intact since March 24th. Both of those sustain the uptrend. If however the Support breaks, we will take the opportunity to short towards the next Support level. Our Target Zone is 9,500 - 9,300. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
EUREX:FDAX1!Short
by InvestingScope
DAX, H4 - the end of the simple correction? ContinuationOn the German DAX index, we may observe a potential simple ABC correction. Wave C has stopped near a potential resistance set by a bearish gap. Also, the recent upward movement does not seem so strong to reach the upper limit in the main upward channel. What is more, the wave C is almost equal to 61,8 of wave A. If the line drawn through the bottoms is broken we could expect another sell-off with the target at 61,8 Fibo expansion of previous downward wave. ________ 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. 66% 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.
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by Daniel_Kostecki
DE30 technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 DE30 technicaly based idea, technicaly indicators showing we can expect higher recovery phase, global economy is in slow phase of recovery, we can see price is break FIBO 0.382 which is in same time and support (white line), expecting to see push in price till FIBO 0.6 or till above first trend line. 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
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by UnknownUnicorn3983388