GER40 Sell the top.GER40 - Intraday - We look to Sell at 16044 (stop at 16104)
Following yesterday's doji the overall trend has stalled and a reversal is possible.
We look for a temporary move higher.
A higher correction is expected.
We are trading at overbought extremes.
Our profit targets will be 15871 and 15851
Resistance: 16060 / 16100 / 16150
Support: 16000 / 15950 / 15900
Ger30short
DE40 Sell a break.GER40 - Intraday - We look to Sell a break of 14998 (stop at 15059)
Daily signals are mildly bearish.
Our short term bias remains negative.
Pivot support is at 15015.
Trading close to the psychological 15000 level.
A break of bespoke support at 15000, and the move lower is already underway.
We look for losses to be extended today.
Our profit targets will be 14821 and 14801
Resistance: 15200 / 15250 / 15300
Support: 15150 / 15100 / 15000
GER30 just some little more patience ..we are currently seeing a clear downward structure . once the market breaks the current LL and retests that structure we will be looking forward to sell only after a confirmation in the lower time structure , when the LH is Brocken and retested we will be looking forward for an entry to the next structure .
DAX30: Bear setupPossible sell setup GER30 for the opening of the London session. Most if not all indices have been stuck in floating price within CS. If price breaks below this structure shorts are valid as they should technically.
Wednesday: DAX 2 - Week 30Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Dax30 run out of fuelAs with all indices, since US election, Dax had a good run-up of 2000 point or almost 20%.
Now the index looks like running out of fuel and a drop to 12500 is possible.
I don't rule out a spike up towards 14k, but this in my opinion will be short-lived and can be used as a good entry point for sellers
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.
Dax30- Target hit, now what?IN my previous analysis on Dax30 I said that although "timid", we can see an H&S reversal pattern for the German Index.
A break occurred and the price dropped quickly to reach the 11500 target.
In my opinion, we are at the beginning of a medium-term downtrend, and 12k should be very well defended by bears.
Sell rallies around this price could be a good strategy with a great R:R
Germany short positionSeeing some opportunity for Germany's bearish continuation. Let's try to catch some pips. Et's see how this day rolls.
Germany short opportunityOpex has been pushing Dax into higher bars, but knowing dax, it wont continue to push up without reversing. so positioning myself to catch some pips as it reverses. Let's see how it rolls later in the day :)
sell #dax 12402 and TP1=12285 and TP2=12187 sell #dax 12402 and TP1=12285 take half of your gain and try to go to fill the gap on TP2=12187 ,also when u are around 12250 made a SL at 1290 like that if he up u are safe and with gain #dax30 #germany30 #dowjones #nasdaq #cac40 #sp500 #usdjpy
overbought
for china us trade talks i am sure e are on buy THE RUMOUR AND SELL THE NEWS
sell at 12395 with 4 target step by stephe up because china us headlines but the most becuse of the wich of bce and german bank
but market fully priced it so if bce is less dovish or even not act he will go more down than my 4tp
also have 3 open lower gap
we are overbought
i real think is good timing to sell with a good ratio /risk /gain
we can take now first easy 150-200 pts but i think we will in next weeks/month down of 1500-2000pts
germany we can litteraly say that she is in recession near or right now
Short - Dax - long term Sept. with an expanded bottomI am staying bearish. Technicals might need a recalibration under current market conditions.
I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector.
Deutsche bank is not in the clear yet, and the chance they default or need to pull a Lehman seems more of a direction. I have no reason to be optimistic when the theoratical cycle seems to indicate a recession. I aimed for recession 2022, but it might get a much faster pace.