False Or Full BreakOut Weekly-Monthly Channel DE30 market is going through its worst economic conditions from the beginning until today.
The Corona Challenge has broken all the economic indicators in the weekly and monthly channels.
Fibo Analysis and Shark Pattern Tell us more about Bearish Trend.
But
RSI Index and Bullish Power Give False Breakout Signal and Attempt to return to Channels.
De30
Harmonic Pattern Tell Bullish But it is better Using Buy Limit.It is better to Using Buy Limit on 0.23 Level
Can DE30 index rise to 14500 by COVIDwith considering technical and Fundamental Data from 2018 to now
it is obvious that in 2018 index was bearish totally
and in 2019 it was both bear/bull totally
and in 2020 because of COVID, the index will be bullish till the definite time
now with using Fibonacci theory and harmonic Pattern,
we can expect that DE30 Rise to 14500 in uptrend way based perfect butterfly harmonic pattern
ridethepig | DE 10-Year Yield DailyI will try to keep this one relatively short, a very important update to the German 10-year benchmark yield. This is one to track as it is coming after a fresh attempt of a breakdown in EURUSD for the NY open. Here we can see important macro forces in play with extreme risk on the radar via Coronavirus with large sharks being forced to reposition and rebalance defensively for risk-off flows.
European Equities (DAX) will do the same dance:
Although we did find an all be it temporary but rather traditional bid from the 50% retrace ... the move is clearly running out of steam and softening the near-term optimism around a temporary rebound. This will attract sellers and those with soft hands to start taking European risk off the table. In my books the mid and long term pictures are far clearer for Europe. This will be a lot easier to see when I upload the Weekly DE10Y Yield chart with the close. In any case, the key levels in the map to play are as follows:
Strong Resistance -0.15% <=> Soft Resistance -0.25% <=> Mid point -0.34% <=> Soft Support -0.45% <=> Strong Support -0.60%
This will also carry important implications for the EURUSD chart so a round of chart updates on the FX, Commodity and to a lot lesser extent French, Spanish and Italian Equities front necessary over the coming sessions. As usual thanks for keeping your support coming with likes, comments and etc!
DE30 Index Is a Short Trend without Considering Fundamental NewsThis indicator failed to break the resistance line for several times and
both Trend Line and Resistance Line give me sell trend in next days
DAX Intraday Sell IdeaWe are focused on Intraday selling of the DAX for today.
ENTRY 13746.9
TP 13621.75 ( pips 126 / RR 3+ )
SL 13787. 45 ( pips 40 )
Price action is completing a contraction below the 30% of the recent swing from high to low. We have a potential reversal candle on the previous candle and this looks like the best entry indication.
All we need is a breakout of the contraction.
The 4H Chart still has a solid breakout of 2x contractions. The first contraction is a major one and the 2nd is a continuation contraction for selling. Both are so far a success.
Yesterday price found rejection at the 13EMA on 4H but during the Asian session today it broke it, not a big worry for now as momentum is down for the time being.
On the fundamental & sentimental side we have lots of bearish indications with bad data out of Germany, Apple putting worries that profits will be slashed (impacting indices globally), Japan entering a recession with a very bad GDP print for Q4 2019 and the ongoing Coronavirus.
New York Watchlist: Buying EURZD & Selling the DAXOk so the NEw York session is in full swing and I took EURNZD buy for this one... have a small profit already. Below are the details of the trade!
ENTRY 1.68910
TP 1.69465 with a chance of rising it to 1.69725.
SL 1.68560
Here we have a contraction leading to a support level, the support levels were tested x3 times in the last 24 hours or so and we are now breakout out of the trendline resistance.
The RR is not excellent, just 1.5 at the first TP which is the 100% of the pattern while if we get signs to target 120% then the RR becomes 2.25 which makes sense... either or the move can happen throughout the day.
While recording this I saw that the DAX completed its contraction which might be the right shoulder of a head and shoulders pattern!
Enjoy!
London Watchlist: A high probability of a breakout on the DAX!Hey hey traders and wannabe traders!
The London trading session is in full force and the markets are already moving! In the video we explain plenty of info about the Coronavirus and the current developments but don't go into the probabilities much, we did that with our community already! This video is all about our trading tactic/analysis on the DAX!
Right now the DAX is showing more excellent signs that a bearish move is probably on the cards in the upcoming 8 hours or so... we remain short here and really believe with strong conviction that the bears will be able to take control with as we have technicals, fundamentals and sentimentals supporting a weaker DAX!
On the technical side, the charts explain it all, on the fundamental the German GDP data was bad and the EC (European Commission) downgraded the outlook for the European economy and on the sentimental... well, the Coronavirus!
All in all this looks like a pretty decent short positon but like anything in the markets, it's not 100% so make sure you have your exit area!
Since the US markets are closed we will not do a New York watchlist later today... so see you tomorrow again for the London open, if we do find any interesting trades to take we will release them if we find the time to do so!
Give us a follow and we'll make sure to keep you educated with specific info and solid trade setups!
Boom! DAX with a strong sell indication!The video explains everything about our short sell position on the DAX
Shorting the DAX with a 7+ Risk/RewardGood morning from us!
Here's a little update of what we believe will be happening with the DAX over the next few trading sessions:
The daily is making yet another test of the broken contraction.
The 4H seems to have formed another contraction after the breakout and now retest of major contraction.
The 1H is heading to test the top of a bullish channel and yesterdays high could be the reversal point.
As a result we believe that a bearish turn-around is due soon.
Our target here will be to enter short at yesterdays high and once the rising channel is broken on the 1H, move SL into Breakeven.
DE30 (DAX) is under the Historical Key Level!The price is near the Historical Key Level 13600.0.
It bounced the second time.
We can look for an accurate Sell entry in Zone.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
DAX: Strong correction. Two support levels.DAX is on a strong correction (short term for the time being) with the 4H Channel Down (RSI = 38.828, MACD = -65.800, Highs/Lows = -254.2571) approaching the 12,945 - 12,885 1D Support Zone. On the short term our 13,100 Target on the previous sell call has been hit:
Right now we are focusing on where the Support levels are on this strong correction, and where is most optimal to buy. As long as the short term 12,945 - 12,885 Support Zone holds, we can expect a bounce any time now as the -5.00% correction is completed which is the norm on a medium term basis (happened in October 1st, 2019).
If 12,885 breaks though, then the correction will follow the longer term norm of -10.50% (happened in late July, 2019). As a result in that case we will wait for contact with the 1D MA200 (orange line) and buy for the long term. The Target will be at least 13,640.
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DE30 DAX GE30 BUY ON WEEKLY CHARTGermany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Transportation & Logistics and Financial Services sectors led shares higher.
At the close in Frankfurt, the DAX gained 0.16%, while the MDAX index added 0.56%, and the TecDAX index gained 0.19%.
The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 1.49% or 0.76 points to trade at 51.78 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:MTXGn) added 1.44% or 4.00 points to end at 281.90 and Deutsche Bank AG NA O.N. (DE:DBKGn) was up 1.32% or 0.104 points to 7.974 in late trade.
Germany Titans Is In Channel!!Price is in channel now, may will do fake breakout downward to form double bottom (W) reversal and bouncing off the trendline is where i have my buy limit with low risk. You can clearly see price is in channel and repsecting the trends.
This trade isnt 100% accurate which is why i am trading with low risk.
Reverse Head&Shoulders completed for DAX 30 IndexDE30 Index completed the reverse head&shoulders formation and now going for the target of this formation.
13230 is the last target for this movement. After that we have to watch carefully if it can break the resistance of 13230. This resistance is coming from May 2018, it tested two times but couldn't break.
My probable scenario is to bounce back from the resistance and start a downtrend for some time. RSI is alsogetting tired in weekly chart.
Less possible scenario is to break the resistance at 13230 and test the ATH 13617(all time high)
Primed Watchlist: expecting strong EUR & DAX and 4 other tradesHey good morning from Limassol! Gorgoeus day ahead of us and we wish you the same!
So our watchlist consists of a few pairs, 4 to be exact but we do have 3 active trades...
Below are are the necessary details
WATCHLIST 23.1.2020
Big ECB day... big EUR moves?!
EURCHF: At key support
Price action slowly but surely heading down to a key trading level.... this is what we saw with XAGUSD and usually indicates weakness of the momentum holder, in this case the bears.
What this shows is a chance of a really strong bull push!
CADJPY: Possible bull contraction
Im not too keen on taking this but its worth being in the watch list as thats what the watchlist is for... find POSSIBLE trades... watch them, prepare and if they are valid go!
Here we have RSI very low... a possible bull contraction at a key support level.
AUDJPY: Possible bullish continuation
We have a breakout of a medium-term down trend trendline and a test of it happening now... and easy target would be the 120% as it lines up with a key resistance.
Really nice day trade (24 hour life value)
DAX30: Looking ready for the bulls!
A contraction leading to a key level supported with a reversal candle and RSI pretty low
13 250 will be decisive in DAXDAX30 continues to recover. The rising tensions between the U.S. and – Iran drew reaction from the political actors in Europe. Following the retaliations between two countries, anti-war statements made by Iranian officials lead to a recovery movement in the index. There is a desire to rise in the German index and for the continuation of the current recovery, 12 250 area will be on our radar. If the upward movements exceed this area, we will follow 13 330 level. In possible retreats, on the other hand, 13 180 and 13080 will be on our radar as the support levels.
SPX500- signal to correction move down - Long lower level I see stronger signal to correction move down . Long lower level should be good strategy, but not for scalpers on M Tf .
Selling DAX at key reistanceENTRY 13376.6 | TP 13157.3 ( pips 219 / RR 2.24 ) | SL 13475.4 ( pips 98 )
Very important details are listed in the chart, REVIEW them. We highly recommend not to go too big as we might hold over the weekend.
(but the only way we earn in this market is by risking so if your not comfortable with risks, then your either trading too big or this "game" is not for you.)
Selling DAX (again)After profiting on the selling of the DAX we went in again as explained with the RED marker on the chart.
This time targetting 161% which lines up with a key DC trading level!
