Germoney High risk- Nice R/R ratio shortHigh risk trade with really nice R/R ratio. Move the SL to breakeven once it surpass 12280. Follow your risk and money management strictly. Good luck.
De30
DAX That fib levels have been drew on 1 month tf, we been rejected at fib 50 that one sign of the sell, Then we see that possible blue lines are making wedge where we almost tested bottom of it with those two Black lines called bear flag on 4h, right now I see only one way how this could be wrong, that bottom red and upper blue line are making simple chanel, and we should all buy now not sell, but I think and hope that we need to sell, because of the first three reasons I mentioned. So good luck next week, I believe in RED!
DAX: A quarterly overview.We have seen the current trading set up on DAX during its previous mini bear cycle (April 2015 - February 2016). During that time the index finally broke upwards for the new mini bull cycle once both Lower High trend lines were crossed and held as supports on at least 1 re-test.
Currently DAX has broken above the first Lower High trend line (dashed) and has already re-tested it as a support once. Based on the 2015-2016 pattern, one more (lower) test is due and on a quarterly basis this is not unrealistic as the macroeconomic fundamentals have disappointed (PMI, Sales ect) raising economic growth concerns. The market needs some time to digest these data and re-balance the dynamics.
Once the upper (bold) trend line breaks and re-tested as support, then the new bull cycle will most likely begin. This perspective suits the needs for long term investors who seek safe and reliable buy entries not for daily traders.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
$DAX Still shorting this one.DAX stil short from the upside trendline. Thinking of the redline could be the end of this short.
DAX Buy signal on 1DPattern: Channel Up on 1D.
Signal: Long as it approaches a Higher Low.
Target: 11250, the last high and current resistance.
Dax buy opportunity if trend holds otherwise danger ahead !This is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy points. Recently, the trendline was testet again on fears of a Trade War with China, Brexit and Italian Credit, which presents a buying opportunity als long the support trendline stays intact. Otherwise danger ahead, because of a huge rising wedge pattern of a historical size.
Will italy be punished, will Theresa May lose her position?I normally don't trade on news, but this looks like a major decision for a big drop.
November could be a month to remember Bitcoin
Gold
Silver
Oil
All enter a interesting phase of big long shots possibility.
DE30EUR - Down again at H1Look left, the downtrend signal is activated (drop beyond 120% of the biggest Retracement of the uptrend)
Two group waves for sell:
1. At the H4 timeframe (group waves (1)(2)(3)...).
2. At the H1 timeframe (group waves 1,2,3...).
Early entry: 80% Fibonacci (80/20% rule)
Reasonable entry: Sell limited at 90-100% Fibonacci
Late entry: Wait to signal at the smaller timeframe (new price action, double top, head&shouder...)
The stop loss is at 120% Fibonacci Extension.
When DE30EUR down again, should be moving the stop loss to accord the next rule symmetry wave of the downtrend.
Plan: Move to the stop-loss at 80% of the biggest retracement of the Uptrend (group wave Weekly (I)(II)(III)...
Good luck with All.
DE30 ShortLooking to allocate short on a break of the purple trend-line
- I like the break in EXY so EUR denomination suites the thesis
- Volume Profile is favourable
EXY for reference
DAX Bigger Picture View Head And Shoulders FormationI had a few ideas removed from the site as there were links in the descriptions. I am re-posting those Ideas without the links.
This is a good setup on the DAX 0.38% for those who trade patterns like H&S . The slight downward slope on the neckline is usually a good sign that the pattern will be reliable as a trend change pattern. This will obviously take some time to play out but the target to the downside of this pattern is a nice round number as well.
I will use formations on lower time frames to enter positions on this instrument.
Contact me via direct message for any assistance
Cheers
LInton
DAX BUY OPPORTUNITYPrice broke above trendline from the upside. RSI oversold with divergence. Price above 20EMA. 2 trades 1.5:1 2:1 RRR. 1st target 127.2%fib 200EMA resistance. 2nd target trend continuation. In my opinion the cycle isn't over we have some time before we get a recession. Bullish. Good Luck
DE30 bearish divergenceWe are looking for a nice short here on a weekly chart, based on the chart, bearish divergence formed pretty clear signal.
Trade with care.
Dow speed limit exceededUS30 in red , sp500 blue , dax green , fr40 pink , uk100 turquoise .
Sp500 and mostly dow are much higher than all other . Sell dji for : tp1 = 23300 , tp2 = 21300
DE30/EUR 1D Chart: Rebound from 55-day SMADE30/EUR 1D Chart: Rebound from 55-day SMA
The index that compiles 30 largest German companies is advancing against the Euro in the long-term rising wedge formation. This pattern started to form two years ago and today consists of two reaction highs and three reaction lows. Consequently, the breakout of the pattern is expected to happen in the Q2 2018.
In the meantime, in the middle of this year the exchange rate started to form new junior ascending channel but due to support provided by the 55-day SMA it began to transform into another rising wedge. As the northern side contains no notable obstacles, the pair is expected to continue climbing to the top, thus ending the year near the 13,600 level. In case of sudden reversal, the above moving average should prevent the pair from making a premature breakout.
DAX testing support zoneFor the last few days we are observing on DAX a strong fall without correction. On session in November 13th price has touch support level and bounced up for near 150 points and drew bullish pinbar, but this didn't stop further price dropping. Today price has tested once again support level and went lower where buyers came out. This could beclassic hunt for stop loss characteristic for DAX. Question is if big players bought there? If yes, than we could see on the next sesssions defense of this level. This could be a good opportunity to open buy order. Looking for a bullish pin bar of November 13th which was negated we will wait for more signals to buy. If support zone at 12900-12960 will not be defended, price could drop at least to 12500 - 12300.
