Get started

Germanmarket

DAX DE40/DE30 LONG - DAX Long - Pump for the End of the Monthly.Hi all. I longed DAX today, based on beautiful correction to 18120 area and an accumulation today on European session . Lower timeframes M1 and M5 printed a ' Perfect entry ' signal for me with change of character and break of structure . Together with the sentiment changing on American indices, I longed DAX on New York session open today around 18120 price. I am planning to hold this trade till 18570-18580 area, and leave a small runner with potential to come back to ATH area. Stop loss on chart, but you can see the levels of potential support if we enouncter any sort of strong rejection. Potential TP areas: - 18230 - 18310 - And finally 18580. Good luck and play safe!
CAPITALCOM:DE40Long
by AdiVV
DAX: Limited downside. Strong long term buy signal.With the majority of global stock indices on a seasonal correction, DAX hasn't escaped the pattern and is down -4.85% from the 2019 highs. What stands out is that the downside on this correction is limited to -5.85% (avg) based on the last occurrence of the Golden Cross (MA50 over MA200) on a similar candlestick pattern. In 2016 following the post Brexit rally the Golden Cross occurred which led to a -5.85% price decline and subsequent consolidation for 90 days. When completed, the MA200 acted as a support for the 2017 bull cycle. With the current candle action being identical we expect a similar price behavior. 11,700 will most likely hold a nearly two month consolidation before the price breaks aggressively towards the All Time Highs. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
XETR:DAXLong
by InvestingScope
4