DAX Buy Signal within the Channel UpPattern: Channel Up on 1D.
Signal: Buy as the CCI entered the Buy Zone and the price is near the Higher Lows (bottom) trend-line of the Channel Up.
Target: 16200 (just below the 1.382 Fibonacci extension).
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Germany
DAX Which Channel will prevail?DAX is ahead of critical crossroads as the long-term Channel Up (blue) that was formed after the November 2020 U.S. elections is on its last leg (d) before the aggressive rally that last time (March-April) led to leg (e).
If this pattern is not repeated, then there is a new Channel Up (orange) that may continue this uptrend but in a more controlled, less aggressive manner. I believe that the signal for this will be a closing below the 4H MA200 (orange trend-line).
Which Channel Up do you think will prevail?
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Another renewable ponzi stockWe hold pretty good 14.28$ (1.618 fibonacci retracement). I think the current price range is a good area for buying(long) and taking profits arround 18.39$ (2.618 fibonacci retracement). Do not close your trade fully at 18.39$. Hold a small stack(10% or 20%) runners and take profit at 22.50$(3.618 fibonacci retracement) and pro tip put your stop loss into profit for the last runners.
Long the green ponzi politicAfter 5 months of downtrend we are could forming a green doji on montly time frame:
As we can see that the bulls are buying 0.618 (22.52€) and lower.
Latest monthly candle goes below 0.618. Had high sell presure but it holding and closed above 0.618 fib retracement.
For me its more an entry point as an longterm investment. Anyway if you want to trade this setup then you should take profit at 26€ and around 30€ – 32€.
Buy zone: 23€ – 22.50€
Is it time for EU stocks to outperform US stocks again?Over the last years there were periods when US stocks outperform EU stocks and periods were EU stocks outperformed US stocks. Almost like a perfect oscillation. Currently EU stocks have been consolidating for quite some time and especially German stock, so maybe all stocks do well and EU ones do better. The secular trend when adjusted for EURUSD rates too, is still down for EU up for US, but in the short term EU ones look better.
I should just say EU ones, because Swiss stocks also look fantastic. They've been actually doing very very well and they look a bit like the DAX. Since 2000 DAX is up 100% vs EUR and 145% vs USD. SMI is up 45% vs CHF and 155% vs USD.
So to me there are two scenarios here as I don't think there is much downside. These stocks are somewhat undervalued both against themselves and against the US stock market, plus the ECB is really printing money and rates are super low which makes the stock market much more attractive than anything else.
DE30: The Most Detailed Analysis (Megaphone)On the DE30, price is respecting the non horizontal supports and resistances since many weeks.
So what do we have on this one ?
1. Non horizontal Support: The price is retesting now for a second time our yellow support meaning that we should look only for buy setups on the short term. So let's dive in to see what are our possible opportunities.
2. Double Bottom: Although it hasn't been valid yet, but it's clear that we might have a second rejection around our support so a double bottom pattern would add a lot of confirmation to our decision.
3. MEGAPHONE: A megaphone is an unorthodox pattern but experience has taught us to take it into consideration for it has a very high volatility. Inside a megaphone, which is similar to a divergent wedge, the more the price moves, the bigger the volatility becomes. This also backed by fundamentals as we have seen some positive results on the German economy (unemployment rate), which boosts the DE30 because a better than expected results has a good impact on the industry. Now a megaphone is created by these events followed by corrections, which usually are smaller than the impulse.
Need more details, you just have to contact us, Trade Safe
The DAX Battle: You predict, We follow On the DE30, price has been ranging inside this wedge since many weeks without any success to go out of it. Now, as the path becomes narrower, it's time for a real battle between the buyers and the sellers. The buyers of course have a higher winning ratio since the world is recovering from the covid-19's pandemic that has drastically hit the industrial sectors in every country.
Now let's see what are your predictions for this one !
Weekly Swing Trade - Long AIXALong AIXA - 17.12
Stop Loss - 16.5
Take Profit - 18.25
Hold for about a week, close out in 3-4 days if trade goes in your favour and price has started idling.
If price has moved against you, but has not hit SL, leave the trade open unless you need the cash for another trade.
FRSX & IZEAIMO those 2 charts are pretty similar.
IF MA 50 weekly DOES NOT hold, we will also leave behind the channel.
so, if it does goes lower below green channel, I would suggest to stay OUT OF THIS.
otherwise, we MIGHT be buying the dip.
have fun and risk only what u can lose
PLS ALWAYS USE STOP LOSS.
DAX: Mighty DAX! 🦆🦆🦆We cannot get enough of this pun as the German leading index is yet again pushing for another bullish run. Even though it missed the target zone by less than 30 points, we are happy about the way things turned out and are looking forward to seeing the index reach the 16000 point mark. First, it has to crush through the 15590 point barrier which should not be a big deal.
Happy weekend!
DAX: Do You Even Lift, Bro? 🏋️🏋️🏋️Real traders know about the massive potential that lays within the German DAX30 index. Its powerful chart should convince those who do not know much about it, too! We expect that the DAX increases up to an area between 14799 and 14895 points. After a correction, the index should have enough power to also lift the 15200-point mark.
Go hard or go home!
DAX Sell is now valid.....💥Lets see how it plays out - all the info you need is on the chart.
Entry Price
SL
TP
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This Signal in Bond Yields Will Predict the Next Recession.After one of the most unexpected years, I thought I should take a step back and look at macroeconomics a little bit, at one specific chart that I've been watching. That is the German Government 10-Year Bond Yield (DE10Y). I've been anticipating a signal in that chart that will indicate massive shift in global market trends and will bring us closer to the next imminent recession. That signal is the breaking of the decades-long descending wedge.
The momentum is still bearish, and this week the price got rejected at the upper line of the wedge. If this continues downards, then the economy remains in the same state. Central banks are printing currency at an unprecedented rate, and inflation is showing on commodoties and stocks and everything else. Governments are sinking more into debt, and the best place to put your money remains the stock market. That is until this wedge breaks. Because when it does, the bond yields will accelerate upwards. It will become more costly to borrow money. And the economy will slow down again. But this time, it is slowing down while everyone is extremely leveraged and deep in debt. We want to maximize our profit but we do not want to be caught in that state. That is why I pay attention to this chart and the DXY.
There are many charts that can indicate the same outcome, but I choose to focus on one only that does the job.
Now according to some Fibonacci levels, I predict another touch in October 2021. By then, perhaps the majority of zombie companies will have declared bankruptcy. Is it too soon for that? Will government regulation delay that even further? No idea. Too many factors to watch. So let's keep watching this one key chart.
DAX High alertPattern: Channel Up on 1D.
Signal: Sell as the MACD is flatlined and could repeat the September 2020 sequence.
Target: The 1D MA50.
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