Germany30
DE30 Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point
GER 30 on the Way to new ATH?I would provide here some my view for the Dax for the next few Weeks. I think the picture speeks for itself.
DE30Index, possible sell coming.Germany30 has broken below a 4H support zone and has returned to this area. Monitor closely on a lower time frame to see if price decides to respect this zone or break above it. If price continues to reject this zone and we see a reversal pattern form, we can look for a bearish entry. However, if price breaks above this zone we can wait for a retest before looking for bullish trade setups.
DAX30 - Closer to resistance levelsLet's see if the levels will be causing a reversal in the price movemrnt.
We have calculated these levels on M,W,D,4H charts
Dax30- Where to short it?My 11500 target was hit and now the German index is consolidating just above this support.
A correction from this point is not out of the question but with EU imminent lockdown I expect this to be short-lived and a new leg down is just around the corner.
12k zone is a great place to sell Dax30 and a target of 10k for swing traders is very probable
Germany DAX 30 - if things unfold slowly...Germany DAX 30 - if things unfold slowly...
I could imagine that it would develop like this.
The temporal extension of the pattern is uncertain.
Market time is relative. It can happen faster or slower.
Just an idea to share and to check later.
No investment advice. Use your own judgment to trade.
Stay safe, everyone.
ReallyMe
DAX - without buyers Feb/March pattern in play?Last week I warned that it is crucial for XETR:DAX to hold key support level of head and shoulders formation. After it was lost on Monday, index has experienced almost non-stop bleeding, in less than 3 days losing around 8%.
As DAX is approaching June lows, it is reasonable to expect some sort of stabilization in the upcoming days. If not, however, things could really get out of control (enough to remember what happened in Feb/March), so act accordingly.
#Dax30 4H chart Long Idea #DAX30 just made a new LL to retracement to another LH to 12830-50 with an option to breakup. Please consider your Levels of S and R. Good Luck
Germany 30 - below key level.GER30 has lost an important Fib support on the daily chart, bearish tendency after a classic rounding top ?
Head & shoulders forming on the German 30 (DAX) Head & shoulders forming on the German 30 (DAX)
Prepared to go short once a momentum candle has set.
R/R 1.4/1
Target 127 pips
Dax at interesting price level, potential turning pointHi guys DAX retraced back up to the price level which I wanted to see for another short opportunity. Looking at the daily chart it would however make more sense if that move plays out tomorrow. However at 4H we already have a nice signal candle in the chart.
DAX Technical Analysis This post is just for information purposes. Entries signal after confirmation.
DAX bearish flag targeting 12535Hello Fellow Trader!
DAX bearish flag looking to continue the down trend for at least the short term.
SPX also starting to roll as global indices start to sell off.
Key Points:
- Daily – Below 50 EMA
- Daily – Targeting Trend line or 200 EMA
- Below 50 EMA
- Below 200 EMA
- Flag pattern for break out
- SPX futures bearish
Key Levels:
Support – 12680, 12535
Resistance – 50 EMA, 200 EMA, 12795
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 12770
Supporting Entry – 12750 – Break of flag
Candle Reversals for entry
- Bearish Shooting Star
- Bearish Engulfing
- Bearish Dark Cloud Cover
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks above 12851 and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry 12770 – Target 1 12795 = 3x Reward to Risk
Supporting Entry 12750 – Target 1 12795 = 2.5x Reward to Risk
