DE30 Sell the top setup.GER30 - Intraday - We look to Sell at 13898 (stop at 13977)
We are trading at overbought extremes.
A higher correction is expected.
A break of 13660 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
Rallies should be capped by yesterday's high.
The RSI is trending lower.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 13672 and 13572
Resistance: 13800 / 13900 / 14000
Support: 13700 / 13630 / 13550
De30sell
GER30 Sell a break setup.GER30 - Intraday - We look to Sell a break of 13759 (stop at 13831)
We are trading at overbought extremes.
A higher correction is expected.
A break of 13770 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
Our profit targets will be 13543 and 13413
Resistance: 13900 / 14000 / 14100
Support: 13770 / 13630 / 13550
DE30 BUYI'm waiting for DE30 to retrace down to around 13500 because of the strong support zone then buy.. if failed i'll wait for price to enter into the weekly OB then buy.
DAX (DE30) Short position analysisDE30 (DAX)
- On the weekly timeframe Dax failed to cover the Gap from FEB/2020
- With a bearish Doji candlestick pattern possible price reversal towards 0.382 FIb.
- 14RSI is Weak and couldn't break (divergence)
DE30germany market hows looking like my analysis.. big sell but long time. if corona virus effect then chart may can go like my analysis..
DAX30 - Closer to resistance levelsLet's see if the levels will be causing a reversal in the price movemrnt.
We have calculated these levels on M,W,D,4H charts
DE30 Sell aheadGood day traders, Monitoring for a Bearish break- Could enter small sell lot here and SL just above 12,400.0 But rather risky. Conservative traders should wait for Wedge break before a Sell.
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
DAX30Entraday set up on DAX30 index using statistical data , Volume profile, PA context and chart pattern. I'm using 15 min as entry chart, while 4H is my mother chart.
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!
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.
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.
