DAX H4: BEST Level to SHORT IT +1000/+1500 points(SL/TP)(NEW)Why get subbed to to me on Tradingview?
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DAX H4: BEST Level to SHORT IT +1000/+1500 points(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: DAX 4hour/candle chart review
::: bearish fractal in progress now
::: setup still valid as of today
::: XABCD short from current level
::: upside limited from here
::: point D is 12 900 points
::: HOWEVER heavy resistance overhead
::: 14 000 heavy resistance
::: get ready to SHORT rips / from overhead
::: BEARS will take over soon
::: lower risk setup is SHORT
::: get ready to SHORT or short at market
::: BEARS will target point D/PRZ at 12 900
::: TP BEARS TP1 +1000 points TP2 +1500 points
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 12 900
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 12 800 fresh demand zone
::: 14 000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GER30-DAX
Use Geometry in your favourWe Know that triangles, wedges and rectangles are the most common price patterns. We learned how to measure the height, diameter and angles at school but you might also asked yourself sometimes When Are We Going to Use This in Real Life?
well here; :) The following is an example of a wedge that is being printed currently by the DAX. I used geometry and angle measurement tools to draw the lines of the rising wedge, then finding out the angles accordingly. this in turns gives a clear picture where price is expected to touch next and/ or breakout. I hope this help you all. Good Luck! Please note that is wedge most probably gonna breakout to the downside, HOWEVER, after breaking out and touching the support line at 140480, I expect price to turn north heading to all time high resistance before a serious crash to the downside.
GER30 (DAX)The Dax may have completed the blue x with today's low at 13469. At the ideal target of the green (c) and the yellow circled Y, the downward movement could be stopped for now. Whether this is sustainable and the Dax starts another attack on the all-time high from here, the next few days will show. However, my preferred scenario is a final high. The minimum target of the final blue y is at 14169. The expectation that the market should fall significantly after the high does not change.
Dax can't break uptrendlineThe Dax continues its uptrend because it cannot break the uptrendline,
if it can break EMA upwards it will come back to 14,100 dollars otherwise it will break the uptrendline..
Trading The STOXX600 & GER30 Vs Manufacturing PMI DataIn this video, we take a look at how Manufacturing PMI data in Europe and Germany is used by the investment community to know when to buy or sell stocks with the European region.
This economic indicator is a powerful tool we can use to a clear idea as to the expected performance of the German 30 index and STOXX600 Index.
Manufacturing PMI data is available on investing.com on the first week of each month.
DAX entering the bear zone?Since beginning of Covid until today, the most valued point is around 640. For me that means, the market feels comfortable in this range after the second shutdown wave.
These days could be a test of this area before going back, at least to the Golden Zone. A longer term range could be the result after the last impulsive two weeks from now on.
Happy trading and care about your money management!
GER 30 on the Way to new ATH?I would provide here some my view for the Dax for the next few Weeks. I think the picture speeks for itself.
Dax30- time to sell?After reaching my 11500 target, the German index had a false break under support and reversed.
Now is trading exactly in resistance (12500) which is also the neck-line support of H&S.
A new leg down is probable from this point and also we can have a great R:R if the index is retesting 11500 zone
GER30/DAX - Short plan- Price rejecting from trend resistance
- Rejection point has confluence with 78.6$ Fib retracement
- Shorting from below current candles to re-test of support below
- Trade 3X RR
DAX GER30 The "Main Trend Is Always Up" Game is coming to an endDAX / GER30 : The "Main Trend Is Always Up" Game is coming to an end...
Even though it may seem that DAX futures could recover somewhat from the losses of the today's core trading session, it is important to keep in mind how the 3 and 4 hour trends are developing in the meantime.
Have you been following the German and European news in the last few days?
They say that according to the "efficient market theory" everything is already priced in, but I think you shouldn't switch off and do use your own mind.
Take care!
ReallyMe
DAX - get ready for head and shoulders patternThe German stock exchange index DAX has been creating a potential head and shoulders pattern on the daily chart. After the spring and summer rally, the market has been consolidating and creating a potential distribution in the area of the bearish gap from February.
The whole movement looks like a possible head and shoulders pattern where the left and right shoulder seem to be at the same level and the head is just above the shoulder.
The neckline could be located at 12313 pts and if it is broken we may expect another decline to the next possible support level set by the June low at 11545 pts.
This scenario may change only after a breakout of the resistance at 13227 pts.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GER30 Short term SELL Hi traders,
Keep your eyes on lower time frame for your short term sell setups then we will be anticipating a nice wave to the upside to make a new high.
German DAX 30: Which three humps will it be?German DAX 30: Which three humps will it be?
If you look at the past months, you can always see the three upward humps on the 3h chart of the DAX (look for the blue MA48 line on the chart): 1-3-5, 1-3-5, ...
Well, I wonder which three humps will be in the next few weeks?
