GER30 CFD
DAX30 Intraday Setup.GER30 - Intraday - We look to Sell a break of 13028 (stop at 13151)
We are trading at overbought extremes.
We have a Gap open at Monday from 12478 to 12668.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look for a temporary move lower.
Short term MACD has turned negative.
With signals for sentiment at overbought extremes, the rally could not be extended.
Price action has formed a bearish ending wedge formation.
Our profit targets will be 12669 and 12542
Resistance: 13200 / 13300 / 13450
Support: 13090 / 12950 / 12700
GER 30 Sell IdeaI feel that price will attempt to test 50% of most recent low. The stochastic line is testing the lower half and I know earlier this week price over exaggerated. I used the fibonnaci to retrace certain percentage points to take advantage of the pullback. I will trail my stop loss once I get a decent amount into profit!
TP's:
1. 12844.31
2. 12670.22
3. 12297.15
4. 11345.84
Follow like or comment if you agree!
If you disagree, let's talk it out!
DAX - V-shape reversalLooking at the German DAX index we could spot a potential V-shape reversal pattern. DAX has reached the target for the bears which was mentioned in our previous analysis at 11545. Since then the market bounced back. It seems that the worse Q4 2020 in the German economy has been discounted by the market and currently the index is trying to evaluate the rebound in the economy in Q1 and Q2 2021.
However, from the technical point of view, the key resistance has been tested and the market may retrace back to potential support set be previous low and by the bullish gap. The area 12568 - 12313 looks interesting. There is also a possibility of creating a potential inverted head and shoulders pattern before another upward movement.
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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.
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DAX / GER30 / DEU30, daily tf, sell the shooting star candleHello my friends,
Second setup for today is German index which is known as DAX.
Some brokers use DAX on it quotation, others use GER30 / DEU30.
Anyway, they are the same indicies if i am not wrong. Feel free to correct me if i am wrong.
There is a shooting star candle / bearish pinbar candle on the daily timeframe. It appeared exactly at horizontal resistance.
This indicates sellers currently winning over buyers.
As you could see, there is also a big gap on DAX chart so we could see price drop to fill this gap first.
Sell DAX / DEU30 / GER30 13095
Stop loss 13215
Take profit 12615 (4R)
RR ratio 1 : 4
Use only 1-2% risk
Good luck
Disclaimer : I am selling DAX from 13095
GERMANY 30A bearish divergence is spotted as the indicator RSI (14) is making lower highs while price is making higher highs approaching the zone. This implies that the bulls are getting tired and selling pressure will soon get it.
Because this is a daily time frame, we will have to be patient enough for price to come back to the entry on chart and set take profit 1, 2 and 3 as shown.
GER30 Backup Plan.GER30 - Intraday - We look to Sell a break of 12838 (stop at 12952)
We are trading at overbought extremes.
We have a Gap open at Monday from 12478 to 12668.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look for a temporary move lower.
Our profit targets will be 12542 and 12442
Resistance: 12950 / 13050 / 13170
Support: 12850 / 12680 / 12540
HEADS UP! Has the DAX stalled?As you see on this 30 min time frame. The DAX is almost flat in its leading edge.
Some try to find out what this means. It doesn't matter what it means or what's going in there.
There are only three directions: UP, DOWN or SIDEWAYS.
What do you do here? Difficult to say, because price can suddenly break out north or south. Whipsaws are quite possible too.
When in doubt stay out, and wait for a clear trend to establish itself. Alternatively if you have cash to burn take a stoploss long or short (at your own risk).
We shall have to wait and see - but this is one to stalk.
DE30 Intraday Setup.GER30 - Intraday - We look to Sell a break of 12288 (stop at 12404)
Short term MACD has turned negative.
We expect an initial move higher to fail and look to set shorts on a break back through 12300.
Our outlook is bearish.
200-hour EMA is at 12324.
Bearish divergence is expected to cap gains.
Broken out of the wedge to the downside.
The bias is to break to the downside.
Higher correction is expected.
Our profit targets will be 11941 and 11806
Resistance: 12500 / 12600 / 12700
Support: 12400 / 12300 / 12100
DAX Buy SignalPattern: Lower Highs bullish break-out.
Signal: Buy as the RSI broke above its 3 month Lower Highs trend-line and the MACD is on a Bullish Cross much below the mean.
Target: 13850 (within the ATH and 1.236 Fib extension line).
Most recent DAX signal:
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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.
DE30 Intraday Setup.GER30 - Intraday - We look to Sell a break of 12245 (stop at 12371)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We expect an initial move higher to fail and look to set shorts on a break back through 12250.
Our outlook is bearish.
Trades at the lowest level in 21 weeks.
Bearish divergence is expected to cap gains.
The price is in a bearish wedge formation.
Short term MACD is moving lower.
The bias is to break to the downside.
Our profit targets will be 11906 and 11806
Resistance: 12400 / 12500 / 12600
Support: 12300 / 12200 / 12050
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
DE30 Intraday Setup. GER30 - Intraday - We look to Sell a break of 11378 (stop at 11472)
Prices are extending lower from the bearish flag/pennant formation.
We can see no technical reason for a change of trend.
Our outlook is bearish.
Trades at the lowest level in 21 weeks.
We look for losses to be extended today.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 11113 and 11015
Resistance: 11700 / 11950 / 12050
Support: 11500 / 11400 / 11100
DAX targeting 13000 if the 1D MA200 breaks (3 year pattern)This is an interesting 3 year pattern for DAX. Since 2018, every time the 1D MA200 breaks as a Resistance (index closes one 1D candle above it), DAX rallies to at least the 0.786 Fibonacci retracement level of the previous Top.
Right now we are testing the 1D MA200 and the 0.786 is at 13000. Will history repeat?
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NASDAQ Potential sell setupHello traders,
Nasdaq is currently in a downtrend and we are looking for potential short positions. Price is respecting the downwards trend line and we will be looking for price to reach our sell zone and touch the trend line before looking for sell signals.
Our trading plan goes as follows;
TP1: Close 50% of position and move SL to Breakeven. Remaining position is 50% and risk free.
TP2: Close 25% of remaining position and move stop loss to TP1. Remaining position is 25% and profit is secured.
TP3: Full take profit is realised.
Good luck and Happy Trading!!
Dax30- Where to short it?My 11500 target was hit and now the German index is consolidating just above this support.
A correction from this point is not out of the question but with EU imminent lockdown I expect this to be short-lived and a new leg down is just around the corner.
12k zone is a great place to sell Dax30 and a target of 10k for swing traders is very probable
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 11428 (stop at 11521)
Posted a bearish Flag formation.
A break of 11450 is needed to confirm the outlook.
This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside.
Our outlook is bearish.
Trades at the lowest level in 18 weeks.
We look for losses to be extended today.
Trend line resistance is located at 11640.
We can see no technical reason for a change of trend.
Our profit targets will be 11151 and 11081
Resistance: 11700 / 11800 / 11950
Support: 11550 / 11450 / 11300
