Germany30
This is what global indices are telling us. Part 2 In this video I've gone into more detail for the EURO stox, GDAX, UK and NIFTY. They're all showing potential signs of a turn around which indicates a turn around coming in the American markets as well.
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.
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
