DE30 - DAX German index ABC correction - Big red week incoming Big German stocks looking for ABC correction:
SAP
VOW
SIE
LIN
BAS
BAYN is one of the big stocks that is not clear. We see a triangle pattern on daily chart. If this breaks bearish then we have a big red week for the Dax
DE30 seems to reflect this trend
next week we will be looking for ABC correction
GERMANY 30
DAX rising channelDAX in a good rising channel with multiple confirmations.
Break to the downside is a sell signal, need an impulsive break. It will also break 50 and 200 SMA's.
If DAX continues to the upside this morning, waiting to see if it can break higher than 61.8% to have more confirmation for a long.
PMI from Europe this morning is released, so could cause volatility!
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
DAX potential buyWe are in earnings week, with a massive list of companies reporting their financial figures. Markets expected be highly volatile. Some technicals may be pointless. It is also the last week of April.
Looking at DAX we see that it is currently in the 2nd consolidation channel since the lows, right below the 50% Fib level. A break to the upside is a buy signal to 11500 target.
Alternatively, we can sell on smaller time frames is a reverse pattern occurs.
With EU countries slowly expected to ease lockdown in May, markets want so positive sentiment.
Please support the idea and share your thoughts on DAX.
Good Luck and Stay Healthy!
DE30 Diamon & Double top - MACD & RSI DivergencySeveral indications to be on the short side next week.
CURRENCYCOM:DE30 CURRENCYCOM:DE30
- MACD divergency
- RSI divergency
- Diamond pattern completed
- last hours started to form a nice double top set up putting even more selling pressure on the DE30 for the following week
Strategy:
- wait for confirmation of Double Top and short. You can set positions to go long here as well as some short quick profits in case it doesnt breakt the diamond pattern
- If we see double top breakout this will trigger the diamond pattern and flag breakout on the daily aiming for a long short with nice risk reward
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
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
Dax - Very Short Term Distribution - On the daily timeframe the Dax is showing signs of a re-accumulation trading range. There is strength in the market. However this short term distribution is the first sign of weakness starting to creep into the range.
If price trades toward the bottom of the trading range for the next couple of days, the market could go on to break down further to make for a great short. Before this happens I believe we will see a retest of the top of the daily trading range (followed by the breakdown if weakness continues).
Germany 30 long-term prediction
So far so good and we are reaching our profit target.
I am going to close my long positions and i am going to
start shorting the market inside this range of 11.200
and 12.000.
Actually i am going to look for entrance inside a little
smaller range into the zone of 11.650-12.000.
I am going to be keeping my short until the zone of
5000-6000. This is where germany 30 will go according
to my wave system.
risk disclaimer
This prediction is based on my personal trading strategy and this article does not suggest you to make any trades and i am not responsible for any future losses.
Germany 30 predictionThis is my prediction for Germany 30 index.
There is strong support at this level and the index is going to climb up to the zone between 11.200 and 12.200. This is a bear market rally and the collapse is going to continue after this break. I will be able to tell you the next bear target after it reaches the 11.200-12.200 zone.
risk desclaimer
This prediction is based on my personal trading strategy and this article does not suggest you to make any trades and i am not responsible for any future losses.
DAX rising wedgePrice level going down to test the low of the rising wedge. Also strong support there and 200SMA, requires a break and close of the candle to confirm. Target above 61.8% Fib level.
Alternatively will be looking for reverse patterns a the testing area on smaller time frames to catch potential buys.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
Germany Index Likely to GoUp LBLS indicator shows This analysis is purely based on the LongBuyLongSell Indicator
Here are the tree basic criteria matching to go LONG as per the LongBuyLongSell Indicator.
Please read the details in the comments /description of this indicator to know more how it works.
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