Presidential elections of the United States of America is over. Congratulations Mr. Donald Trump
We have got several interesting and profitable trading opportunities.
GER30 is aiming high but current area has been declined several times.
There is resent "bull-trap" in this area as well form previous days on 4h chart.
Currently I have active SHORT Trade with TP...
I think it's important to observe DAX performance in the real (dollar) terms. That basically means we have to look GER30*EURUSD. It made it's top long before compared to nominal terms (GER30) @ 12386 in 2015-04-06. Since that day it has been trending lower, but are things starting to change?
The ratio tells you that has the price appreciation been faster than...
The DAX respected the August 8th breakout today but I think traders should take note of the bigger picture. Remember, bigger time frames will always tell the full story whilst smaller time frames will try and hustle out the small retailer. I'm giving the DAX until 10600 max. The daily 20MA should spell toast. Any daily chart close above 10806 I'm wrong. DAX should...
There can be a significant short squeeze in the Dax this week.
We can enter longs as described on chart, the price should move up strongly very soon, reaching the 10977 target in little time.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
From what I see on the chart the $DAX has reached a major resistance which could trigger a downmove to
8'000ish, where I see a major support!
- Chart looks a bit bearish
- Support around 8'000
- Clear closes above 11'200 invalidate this setup!
- Time horizon 12-18 Months.
KissKiss
If the MACD crosses and turns negative, it will be all over. If the nearest trendline doesn't hold, expect at least 9800 area to come. Possible bounce can come from there also. We can't rule out bullish scenario out. There is gap still open (dax cash) nearby the 10560
Description in the chart. Price action will show us early in the week which direction we are going to go. We need two consecutive "full body candle close" above/below these lines to confirm the direction. Now it sits above the latest resistance.
The German DAX continues to consolidate just below the PRZ of weekly bearish Gartley pattern.
Today, after Draghi's ECB press conference, the German Index formed a daily Outside Bar that will be triggered if the price will decline below 10,600
For now, the Fast MA line (in yellow) continues to play its support role and drives the price higher every time it touches...
Most markets are now moving upwards !!
Wave 3 of wave 3 of wave 5 in play !!
And if it's right -- you can get 40 - 50 % return on stocks !!
SPX500 : Within striking distance of making new highs !! FED hike talks had no impact till friday !!
Buy @ 10200 With Sl @ 9700 Once Dax breaches 10500 expect it to climb to 11400 !!
We will probably see it bounce back and forth now for a while. Before moving higher to the next level which is 10900. We are still in an upgoing trend.
GER30 broke the 2H descending Trendline and tested this line. Exactly the same Scenario with the 1H Trendline. I moved my Stop to the marked Level in the Chart. The reason for this is the completed ABCD Pattern and the low volatility. More upside potential is possible.
Trade safe, Daniel
Likes and Comments are appreciated and would keep me motivated.
GER30 broke my descending Trendline to the top and formed a pullback back to the Trendline (Take a look at my Analysis to get a deeper look of this stock. I expect an ABCD Pattern to take place soon. I will add more Positions after a breakout of this pullback.
Trade safe, Daniel
Likes and Comments would keep me motivated
GER30 broke to the upside as expected. Already 100 Points in Profit. You can protect your Trade if your Trading Plan allows to do this. Beware of the Non Farm Payrolls at Friday.
Have a great day, Daniel
Likes and comments are appreciated and would keep me motivated
Ger30 broke a Resistance to the upside (turned now into support) and tested this Level. Now I'll be looking for a further downmove and enter my long position based on a breakout to the upside. Stop Loss should be placed below the support zone at 10430-10480. Profits should be placed at the last highest high.
I don't trade Stocks often but in my Opinion this should...
