Dax Price Action System 1 - Trade #192Dax Price Action System 1 - Trade #192
Long @ 10.243,8 Stop Loss @ 10.141,4 Take Profit @ 10.499,9 Risk / Trade 1,03%
Germany
Ger30 ShortDax Price Action System 1 - Trade #191
Short @ 10.163,8 Stop Loss @ 10.245,1 Take Profit @ 9.960,5 Risk / Trade 0,82%
Ger30 Short TradeDax Price Action System 1 - Trade #190
Short @ 10.314,8 Stop Loss @ 10.397,3 Take Profit @ 10.108.5 Risk / Trade 0,84%
DAX – Rejected at weekly falling trend lineThree-week winning streak pushed Germany’s DAX index briefly above the larger falling trend line earlier today before prices fell back to 10,300 levels.
The falling trend line hurdle stays intact at 10,415 levels.
The daily macd has started losing height, but still well above zero level. Prices could remain stuck between daily 5-MA and falling trend line hurdle before. A repeated failure to take out trend line hurdle would then open doors for a break below 5-DMA and slide towards 10,109 (38.2% of April 2015 high – Feb 2015 low).
On the higher side, only a weekly closing above the falling trend line hurdle would signal a fresh rally towards 10,800 levels.
DAX DOOM >>> Trade The Beast <<< 2666.00 PointsHands down, I am not a big fan of the world going to hell. Well, .....#itshappening.
It prolly won´t end nice, but this one is quite the beauty. Everything is lining up "perfectly"! Not only chartwise, but also doomentally. Full spectrum rektage ahead.
With regards to the DAX1.29% , the July is going to draw a bloody -25% (pre-)doom candle from 10,666 down to 8000 points (2,666 in total). As said, a real beauty.
Beast Mode: ON
Stay safe & Take care!
DAX LONG, Friday, June 10th 2016Heavily oversold DAX
Previous SHORT from 10300 and 10100 to 10.000 Filled
New LONG positions opened 9830, 9910, 9950
TP1 Modest 10.000
TP2 10.150
TP3 10.260
Back and ForthAfter breaking through the resistance -> Long . After breaking through the support -> Short .
The stock currently shows signs of a downtrend. The downtrend will be boosted after breaking through the support.
These figures are approximate
DAX30 - Rising trend line breachedDAX's failure to take out 10,108.25 (38.2% of Oct high-Feb low) throughout last week and yesterday, which also marked a failure to take out falling trend line resistance and rising trend line resistance has reinforced bears.
A day end closing below 9796 (38.2% of Feb low-Apr high) would add credence to bearish developments mentioned above and open doors for a drop to Apr 7 low of 94847 levels.
Bearish invalidation is seen only if prices see day end closing above 10,106.93 (May 10 high).
Dax larger time frame up to no good - possible repeat here - rather uncanny similarity on the stochastic line
- larger trend remains bearish
- potential fake dump and pump in process but END GAME is MUCH LOWER
- worth watching
Everyone is bearish but - worth watching the indicator giving the signal of a potential turn
- using VIX also as external indicator
- invalidated if price broke below 9660 imo
- patience on this setup is required though as it is against the current trend
Cypher formation on the DAXThis cypher pattern on the DAX could form in the next week or two.
Trade set up indicated by the boxes on the right (enter at boundary between green and red, SL at top of red and TP and bottom of green).
DAX - Bears are being reinforcedResistance - 9921, 9990, 10,112
Support - 9770, 9675, 9484
Prices are struggling to re-enter rising channel or rising trend line area, thus signalling bears may be getting reinforcements.
Drop to 9770 levels looks possible as that would mark completion of gap filling exercise (gap up opening on April 13th).
Short-bearish invalidation is seen only if prices see a daily close above larger falling trendline hurdle seen today at 9990.
Posible buy option on breakout?on the large scale theres a funnel formation indicating a rise. since 2016 this pattern also looks to me like it could be a buy option until around 97.50 (786 on fibs) to do this it will firstly need to break the downward trend resistance line.
DAX - near term short correctionECB is in wait and see mode for now which means equity markets in Europe need to rise without further stimulus expected in the near term. If macro data will outperform the brake above 10500 points in GER30 is possible, even though weekly price action is bearish.
USOIL WTI Crude bullish divergence in H1USOIL WTI Crude bullish divergence in H1
possible targets 36.70 and 37.70 if trendline holds backtest
Dax can't cope with the round 10000 levelGerman Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...
DAX false break out, nose diveGerman Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...
