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GER30-DAX

GER30/DAX short, reaching upper edge of flagDue to the insecure overall political situation in Europe, plunging chinese stocks and industrial metals, the testing of the upper channel edge and a relatively oversold market , we may see another breakdown at least to previous structure level of at least 10700. Another support zone at around 10600 marked with the thin green line may also indicate a potential reversal zone at around 10600 to 10700. As always, Stop-Loss is set right about previous structure highs, giving us a nice Risk Reward Ratio of 2,9. In long term view a decrease down to about the 10000 level is the maximum imaginable to me, because of huge resistance levels marked with the long green rectangle. This would theoretically give us an RRR of 5,17 but is not easy to predict in this by politics driven stock markets
FX:GER30Short
by tonitrader
DAX 8 year history lesson (on monthly candles)DAX history lesson: Only 3 times with 2 closing candles OUTSIDE the bollinger band. Firstly in 2001 after tech bubble. Secondly before financial crash 2007....Thirdly in late 2008 during crash. TODAY we're looking at allready 2 candles closing ABOVE he upper bollinger band, and a third forming with only 6 trading days left of the montly candle. Bollinger top right now is at 11671. DAX is at 11939. We should see a close within the bands, and a correction afterwards, to get the DAX back into the bands.
INDEX:DEU40Short
by brianhimmelstrupnielsen
3
Bearish trade set up on #Dax.i) The candle on 06/11/2014 made the high of this move. ii) The candle on 12/11/2014 closed below the low of the candle in (i). iii) This reverse candle formation appeared right at the bottom of the Kumo Cloud, which typically acts as a Resistance area. iv) A re test of the previous low is expected at 8406. v) the dashed pink lines are the immediate support areas, where price swing should occur at low time frames. vi) don't forget to trail the stop loss (every two selling bars)
FX:GER30Short
by HamedAghajani
DAX: GER30 in bear market after breaking 8900 zone ?DAX is now for second day under the very important 8900 support zone area. If DAX in the next day not return to 8900 zone , we can confirm the bearish outlook. Summarized : bear: DAX break his long trendline 2011 DAX starting making lower lows The very strong 8900 supportzone turning in heavy resistance zone. negative for bear : oversold RSI If we have a false breakout from 8900 , 8900 return back in supportzone for DAX. The new earnings season starts, if results are good , DAX will recover to make a positive balance for 2014.
FX:GER30
by carman
DAX is topping in consolidation zone.Today Dax is down to it's first support zone 9880. Last 4 weeks Dax is consolidating in a 155 points zone. For the 5th time we get in the 9880 zone. From here there are 2 options. Support maintain and DAX go futher upside again (10050 top). Other option is a break from the short trendline and 9880 supportline. This brings DAX to next support level 9800. There is still 400 points downspace before we break the 2011 trendline. Only after breaking this trendline DAX get in downtrend zone.
FX:GER30
by carman