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Deu30ideas

DAX monthly double topLooking at the DAX index, we are seeing rejection of the 161.8% extension, forming a double top pattern with divergence on RSI. MPO target is 7000, but there is a very strong resistance area around 9000 level. Elliott waves are showing the end of the trend and start of the correction. As we completed wave 5 in the end of 2017 and started corrective wave a in a a 12345 formation, then b in and abc formation. Now c wave starts and should progress in a 12345 formation down.Considering that the virus news are not getting any better, we are still looking for a sell off next week. China will be opening the market after a bank holiday week. Pre-market is already looking at Hang Seng with a 1.16% loss at the time of writing. Expecting the rest of the markets to follow in a sell off, so far February looks like a very bearish month. Another point of concern is Brexit as UK left the EU on Friday 31st at 11pm. There is uncertainty regarding the following negotiations with the EU and UK to make new trade agreements. This could put some strain on the markets as well. Good Luck!
XETR:DAX
by Antonio_trader
DAX Long Target reached Hello to all watching my charts. As a lot of yours wanted to get from me information about Risk/Reward trades i will try it here in Dax as sample. New Long has been the Mode after the break of last resistance at 12914. Target has been the old high 12975 which has been reachin during the trading day. RRR = 2.55 Good trades. if you want to support my work, please like them My analyes here are all NOT a request to buy or sell seomething. Allways do you own research. Renkotrade
TVC:DEU40Long
by Renkotrade
1
DAX DEU30 LONG exact like Forecasted in the ChannelDAX is in Long Mode since 15.10. and runns up in my channelsystem like it should. The shorttime forecast is exact in the middle of the longtime forecast channel, so move is straight gone up in same manner since 15.10. Please have an eye on the lower BLUE marked trendline Short only by fall below that line at 12730 Stopp Long if the blue trendline is broken ! Good trades If you want to support my work please like them... and if you want to know more about my trading style please send my a boardmail. I am just started yesterday a blog, the design must be finished , but the infos you are ableo to find here. www.patreon.com Good trades If you want to support my work please like them... and if you want to know more about my trading style please send my a boardmail. Renkotrade Renkotrade
TVC:DEU40Long
by Renkotrade
DAX DEU30 1 HR Long End of 20.10.2019Hello to all watching my charts, I am back here with a new analysis of german Dax Index on a 1 HR view. We have a very nice long setup since 10.10. and i do hope everybody have seen that. Thats in my midtime channel (blue) nice to see. Of course such a strong rally cant last forever and has to be paused sometimes. Since yesterday we have such a phase but if you check my shorttime channel (turkis green) it still long. So all which cried "short" at 18.10. are now faked out. Please remember some of my rules: Dont trade what you want to come next only trade what you do see in the trading channels. Good trades to all. Renkotrade
TVC:DEU40Long
by Renkotrade
DAX SHORT but we wait on a Trendchange Power of Trendlines Hello to all watching my charts Today i will show you trhe power of trendlines and broken trendlines as trading points. For example here is the DAX Germany DEU 30 index on base 1 HR We are long since 4.7. 11925 / broken left blue trendline short since 9.7. 12400 / broken purple trendine +75 points long since 15.7. 12400 / broken blue trendline short sine 17.7. 12400 / broken green trendline long since 19.7. 12327 / broken yellow trendline +73 points short since 25.7. 12378 / broken purple trendline +51 points and we are waitin for a long signal at the moment In total ca 200 points with a only few trades no hustle and bustle Good trades If you want to support my charts and my work, please like them... Good trades Renkotrade
TVC:DEU40Short
by Renkotrade
DAX DEU30 SHORT After pullback to the resistance level 1HR Chart#Dax #Deu30 Hello to all watching my charts In German biggest Index Dax , DEU30 we had had a fake breakout long and now comes the opposite ofe them here , we have a big falling down in the short aerea. Dax fall below both of my black lines = Below of both resistance / Support lines. So the support lines from 10.7. now changed to resistance levels /lines And exakt at that level Dax today headed (12320) Such a change in mind from long breakout / fakeout LONG to SHORT is a big change in market view. So i estmimate here in Dax lower prices in th next future Good trades If you want to support my work and my charts,please like them... Renkotrade
TVC:DEU40Short
by Renkotrade
1
Dax LONG DEU30 LONG 1 HR Chart #Dax #Deu30 #Renkotrade Hello to all watching my charts- For the end of the day after finished trading Dax for today lets have a look what has happen. LONG : So we are long in all timeframes, and my shortchannel is totally parallel included Long in the longer channel, thats the reason i have included here as always, but it sends us no new information for today. So stay long is what i suggest. If you want to support my work and my charts, please like them... Good trades Renkotrade
TVC:DEU40Long
by Renkotrade
DAX LONG 1 HR Chart #Renkotrade Hello to all watching my charts. Today nothing really new here. Dax is trading in the long channel and now getting at the top of them little bit in a consolidation mode here. But my shorttime channel is going steeper and steeper . so that shows a supports of the long trend of course To tell a short trigger makes no sense in my eyes at the moment when long is getting stronger. To continue this trend the black support line should hold. Anything below that is NOT direct a short oppionion but a weekening of the long scenario. Good trades If you want to support my charts and my work please like them... Renkotrade
TVC:DEU40Long
by Renkotrade
DAX LONG 1 HR DEU30 LONG 1 HR CHart#renktrade Hello to all watching my charts. here is the latest update of german DAX As we all god in the news that the trade communication between Trump and China will get a new chance , the stockmarkets all over the world are rising , that has been clear. So DAX also . My both Trading Cannels are long, longtime channel and shortime chanel also. Thats not surprising. For all which need a mark for a trend change the next days if have bring with here for you my new arrow system (SIGNES a TIME and a LEVEL for a trendchange) but i doubt that Dax will really fall in that way to get in a short chance. So i do hope here you are in a long position now. Good trades If you want to support my work and my charts please like them.. Renkotrade
TVC:DEU40Long
by Renkotrade
1
DAX SHORT but possible Trendchange in Front 1 HR 27.6.Hello to all watching my charts. Today we will have a closer look to the DAX DEU30 in 1 HR Chart. Thats an fine situation. In the longer timeframe a shortchannel has established but in the shorter timechannel we are now LONG since brake of the red line to the north. Yesterday Lets wait a little bit to get closer touch to the direction, if Dax will come out of the blue line channel to the north , LONG is the side to play. If DAX will stay in the shortchnnel blue Short Positions could hold or add. If you want to support my work and my charts please like them... Good trades Renkotrade
TVC:DEU40Short
by Renkotrade
DAX SHORT 1 HR ChartHello to all watching my charts Today we have a nice situation to show you the different timeframes of trading in my channelsystem The longtime channel (blue lines) is still long (angle +) but the shorttime channel as shwon is in a short situation. So if you trade in the timeframe of 60 Minutes/1 HR or 120 Minutes /2HR you should be in a short position. If you trade in much longer timeframes , like 1D you could be still long. But i think you must check than: A Break of the lower blue trendline is a short signal not only in the shorttime also in the longtime system. !! Good trades If you want to support my work and my charts. please like them... Renkotrade
TVC:DEU40Short
by Renkotrade
DAX DEU30 LONG 1 HR 20.06. 4.00 p.m. german timeHello to all watching my charts Dax LONG Today the Dax is since the EZB announcements and FED meeting in the bullish aerea again And the Dax is exact in the middle of my channel , so at the moment nothing in front what for me can change the setup quickly We have some resistance at around 12400 from may but in may oppinon "Trend beats resistance" and i would stay long. Thats my personal view, no trading advice. Good trades Renkotrade
TVC:DEU40Long
by Renkotrade
DAX 1HR SHORTHello to all watching my charts. Dax now is in a consolidation mode. I prefer at the moment the lower side with a 60 to 40 percentage. The reason i have no fine feeling for staying long is that we see lower lows and lower highs. I tried to marked it whit the red lines. In classic charting thats a downtrend. But after the strong rally from 11640 to the level 12100 we must be carefull to indicate that directly as short- Maybe as i told you above its only a consolidation Break 12050 as another lower low would be a short confirmation I think no position here at the moment is the best position in my oppionion. If you had been on the long side take the money and go. Good trades Renkotrade
TVC:DEU40Short
by Renkotrade
DAX Chart 1 HR 30.04.2019 13:0 German time Hello to all watching my charts. Dax moved out from the long channel and is now drifting sideways. In my view no time to act at the moment in long or short direction. On the sownside to short there is support at around 12260 (blue lower line) If it breaks that also its short time in m< view. On the upside the next barrier resistance is 12350 aerea. (blue upper line ) If Dax will breake these level maybe Dax can move up in the long channel again and its time for a procyle action long. Best is to wait what will happen. Good trades
TVC:DEU40
by Renkotrade