German DAX: Final Leg Of A Monthly Cycle Different monthly counts on the german stock index suggest that final leg higher is here, so 2020/2021 may not be so optimistic.
Trade well,
The EW-Forecast team
GERMANY 30
DAX to target 129780 for a contertrend!Trade on chart
Price failed to break resistence
Did the retouch failed to break it again
Entry point purple
TP golden line
SL above the 13000 line
Enjoy!
#DAX is the Pullback coming this Week? #DE30EUR #GER30 The German Stock Index had a phenomenal uprise since the break of resistance around 12475, but at some time every Party has to at least close for a few hours to clean up the mess.
German Stocks where pushing strongs with gains about 10% - 20% across the board and the whole market has positioned itself in overbought territory where Profit taking will come into play to start some kind of Pullback.
Positioning your Risk Management with much breathing room above 12950 gives you a good Risk-Reward Setup to place yourself in the bearish Pullback Camp.
Pullback Targets
=============
1. Target: 12620 / Retest of Daily 20-EMA / 0.236 Fib Retracement
2. Target: 12450 / Retest of Daily 26 or even 50-EMA / 0.382 - 0.5 Retracement
Daily Stochastic is still in the Bullish Control Zone which did not gave you any Signal to be overall bearish on the Daily Chart and the Daily RSI is above 65 with a huge divergence from the EMA
Have your stops in place and trade safe!
===========================
You can copy and follow my Trades on eToro
www.etoro.com
===========================
#DAX #DAXPERFORMANCE #DAXTRADING #TECHNICALANALYSIS #GER30 #DE30 $DAX $GER30 $DE30 #GERMANINDEX #DEUTSCHERAKTIENINDEX #DE30EUR
DAX update After another retest of the broken channel, price is finishing (c) wave in a bigger B wave.
Now looks like time is coming to start shorting DAX into C wave. Price showed strong rejection from the top.
After big sell off on Friday, we could see a pullback tomorrow before selling continues.
Overall long term target is down to at least 11200.
Please comment your thoughts on this!
Good Luck!
Looking for a potential short on the DE30EUR index (short-term)Looking too potentially short the DE30EUR 12135.0, given a bearish signal remains as in previous day. A potential take profit level is present at 11770.0 and 11440.00
DAX updateTesting resistance, high probability to buy on the break of resistance, best to wait for retest for extra confirmation before buying.
Good Luck!
#DAX #GER30 #DE30 dont jump into it to early$GER30 #DAX #GER30 #DE30 dont jump into it to early
DAX has risen the past weeks bouncing of 11275 Support and is getting into Resistance Zone were some kind of Pullback is expected.
What we dont want to do is to jump in any DAX Trade without a proper Risk Management Plan because we dont want to get caught between some Ranges maybe forcing us out of our trade.
Daily Stochastic in Bullish Control Zone and not crossed down yet, Daily EMA still room to Go, Waiting for a healthy pullback to at least 50EMA(green) or better the 200SMA(turquoise) for any Entrys, TD Sequential is indicating that there would be a at least time for a 2-4 Candle Correction.
Trade Safe!
===========================
you can follow and copy my Trades on eToro
My Etoro Profile:
www.etoro.com
Etoro Registration Link: etoro.tw
DAX - Inverse head and shoulders, buying dipsTrade Idea
A bullish reverse Head and Shoulders has formed.
Neckline support is 11850.
Price action looks to be forming a bottom.
Bespoke support is located at 11815.
Further upside is expected although we prefer to set longs at our bespoke support levels at 11815, resulting in improved risk/reward.
We look to Buy at 11815
Stop: 11750
Target 1: 12010
Target 2: 12200
DAX - Inverse head and shouldersLooks like this is getting away from our ideal entry level. However, it looks a good candidate to buy on dips on the short term.
Trade Idea
Broken out of the Head and Shoulders formation to the upside.
Positive overnight flows lead to an expectation of a firm open this morning.
Price action looks to be forming a bottom.
Bespoke support is located at 11750.
Further upside is expected although we prefer to set longs at our bespoke support levels at 11750, resulting in improved risk/reward.
We look to Buy at 11750
Stop: 11680
Target 1: 12070
Target 2: 12200
US30 LONGAnalysis team placed long on US30 @26011 with 2 targets on 27th August, 2019:
TP1 @26273.315
TP2 @26622.550
DAX - 4H - Bullish EngulfingA bullish engulfing has formed on the 4H chart of the DAX. This could mean a upswing for the next few candles.
DAX - Selling into the corrective rallyTrade Idea
Broken out of the Head and Shoulders formation to the downside.
We have a 38.2% Fibonacci pullback level of 11773 from 12598 to 11263.
The trend of higher lows is located at 11761.
There is scope for mild buying at the open but gains should be limited.
Preferred trade is to sell into rallies.
We look to Sell at 11770
Stop: 11820
Target 1: 11560
Target 2: 11450
German bonds increasingly steadilySome techniques i like to employed into my trading is:
- Creating a range using Last week Price Action
- Creating a range using Monday Price Action
Key levels Identified:
1) Last Week High
2) Weekly Open
3) H4 Resistance turns support
4) Monday High
DAX - Head and Shoulders topTrade Idea
Broken out of the Head and Shoulders formation to the downside.
Bespoke resistance is located at 12295.
There is scope for mild buying at the open but gains should be limited.
The formation has a measured move target of 11727.
Further downside is expected although we prefer to sell into rallies close to the 12295 level.
Stop: 12345
Target 1: 12055
Target 2: 11950
DAX LONGBuying opportunity on DAX. RSI divergence nearly oversold. 50% Fib support. 2:1 RRR.
Good Luck
