Ger30 DAX INDEX (triangle) 4H On 4H
Direction case:
1: stablize above 13960 will get target (blue line)
2: Stablize under 13940 will get target (red line)
GER30 CFD
MSCI EM STRONG BUYEnd of multi-years consolidation, Break out, Buy and hold long terme to create your wealth.
GER30 BEARISH INTRADY SWINGIt appears as tho Ger30 may have found some type of level of resistance around price level 14190. This may be the market giving us a Bearish signal? If so lets see if we can test the 50MA on the Daily.
Risk to Reward 2.7:1
Entry 14015
SL 14155
TP 13662
DAX potential moveDax is bullish but to go higher I believe needs to go lower first. The correction may not be over whilst the high remains in place
GER30 index predictionI expect it to be created
asending or desending channel
and after the break that channel
Price is most likely push to up side
Stay tuned
ger30 DAX 1h (Option 1)
- Under 13960 Down till 13735 and 13400 .
(Option 2)
-Above 14100 Up till 14200
GER30 SELL IDEA GER30 Retracedd back to the POI . We are taking a sell position from here
confirmation checklist
1. POI
2. 78% FIB RETRACEMENT LEVEL
3. BREAK OF STRUCTURE
DAX - head and shoulders patternIn our previous analysis, we’ve mentioned the potential head and shoulders pattern which has been created on the German index DAX. It seems that the neckline in this pattern has been broken and the index has dropped to the lowest level since the third week of December 2020.
Thus, the mild bearish scenario seems to be completed, but the more aggressive bearish target is set even lower. The textbook target is located around 13146. If the market won’t come back soon above 13800 the bears may take control and push DAX lower.
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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.
76.44% 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 (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.
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 13559 (stop at 13669)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
We look for losses to be extended today.
A break of 13560 is needed to confirm follow through negative momentum.
Pivot support is at 13220.
Our profit targets will be 13252 and 13151
Resistance: 13730 / 13900 / 14000
Support: 13560 / 13420 / 13200
Ger30 BULLISH INTRADAY IDEAGER 30 seem to have formed a double bottom around price level 13585 creating a new bullish trend, We may also have 3 white solders at the top of this trend around 13829. Lets see if we can test the top of price structure at level 14023.
Risk to Reward 2.6:1
DAX - possible head and shoulders patternThe German index DAX has been forming a potential head and shoulders pattern with possible right shoulder forming right now. Looking at the chart we could spot the nearest potential resistance at 13985 USD. This is the area where the right shoulder may end. If it happens we could expect a downward movement.
The first confirmation for the head and shoulders pattern will be a breakout of the neckline. If it is broken the market could fall to the textbook target at 13146. It seems that only a move above the recent high at 14131 may change the described scenario.
________
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.
76.44% 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.
