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
GERMANY 30
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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This could turn ugly for german stocksWell, Dax just broke an important weekly support, let's therefore look at the longterm monthly picture.
We see that the monthly MA200 had excellent support the last times in 2001 and 2008. If this scenario was to repeat, and we indeed
get a financial crisis due to the corona pandemic, then we might see Dax go as low as 7000, before rebound. New all time highs in this case not before 2023. Brutal!
DE30EUR (GERMAN 30 INDEX) long/buy idea. almost 1700 pips move..In the name of ALLAH who is most merciful and the master...
We take trading as a business, not a gambling stuff.
We have calculated approximate risk to reward ratio.
Please note:
-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your stops to your entry levels after the price moves 100 pips towards target,
-> Close half of the trade position after market makes half movement towards target.
Monthly Analysis: European stocks following a plunge in Asia tooHarmonic Analysis and Technical Candlestick in Parallel Channel show more downtrend in Next month.
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.
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Thanks for your support!