Get started

GER30 CFD

DAX - first H&S pattern completedIn our previous analysis about the key German DAX index we have mentioned about two potential head and shoulders patterns. One is larger than the other. The market has created a strong downward movement and has completed the smaller pattern. The neckline has been broken and retested as a potential resistance. After that the price dropped to the textbook target located at 12037. However, still the larger pattern is not to be finished yet. The potential target is located at 11545 pts. The nearest resistance seems to be set by 12313. ________ 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.
XETR:DAX
by Daniel_Kostecki
DAX correction coming soonGiven the rise of uncertainty in Europe and in the world(elections, rise of COVID cases and possible quarantine measures by European countries), we should see a DAX correction coming in the next few weeks. Still, I believe that we will see a one last push to 12800 and maybe even 12935 at the start of the next week before we'll go down in the first few weeks of November. The effects of a possible lockdown won't be as big as they were in March for the stock indexes, because nowadays, we know way more about the virus than back then, so that's why I'm going only for a 10% correction(11600 double bottom from June) Good luck!
EUREX:FDAX1!Short
by stefdasca
1
DAX - one big and one small head and shoulders patternsIn our previous analysis about the German stock index DAX we have mentioned that the market may wait for a large head and shoulders pattern. The resistance where the left and right shoulders seem to be located near the same level. The neckline could be set by the previous lows at 12313. However, looking at the lower time frame we could spot another potential head and shoulders pattern. Its neckline is being tested right now and if it is broken the market may move toward mentioned support at 12313 or even to the textbook target at 12037. 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.
XETR:DAX
by Daniel_Kostecki
Troubled DAXThe DAX (GER30) is in a troubled zone of congestion and seemingly fighting to stay afloat. Don't expect it to just roll over swiftly - though anything is possible. We're looking at a sharp rejection of the 2H ATR line. This analysis does not apply to any other time frame. But taking a steer from the 2H, there is money to be made (and lost) on much smaller time frames - if you know what you're doing, that is. Stay safe, wash your hands and face, wear a FFP3 mask if interacting with unknown others, don't rely on herd immunity - don't follow 'herds'. LOL. 😁 Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:GER30
by Captain_Walker
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
FX:GER30
by ReallyMe
4
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.
XETR:DAX
by Daniel_Kostecki