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Germany30

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
DShort
by tradetheday
DAX GER30 The "Main Trend Is Always Up" Game is coming to an endDAX / GER30 : The "Main Trend Is Always Up" Game is coming to an end... Even though it may seem that DAX futures could recover somewhat from the losses of the today's core trading session, it is important to keep in mind how the 3 and 4 hour trends are developing in the meantime. Have you been following the German and European news in the last few days? They say that according to the "efficient market theory" everything is already priced in, but I think you shouldn't switch off and do use your own mind. Take care! ReallyMe
FX:GER30
by ReallyMe
4
Classic wave 4️⃣ action! The DAX opens Wednesday's trading session flat, while concerns about the coronavirus pandemic and its impact on the economy continue to dominate among investors. U.S. President Donald Trump had instructed the government and his party the evening before to refrain from negotiating with the Democrats on further aid measures to deal with the virus crisis until after the election. In both scenarios we are assuming a further imminent upward movement in the direction of 13,000 points, but at 40% we still have to take into account that the market will slump again afterwards. As long as the DAX is trading below 13304 points, the underlying downward scenario remains valid. Direction: 11500 - 10500 points.
EUREX:FDAX1!
by MarketIntel
ridethepig | DAX Q2 Macro Chart Buyers of a V shaped recovery constitute a formidable opponent; the purpose of the bounce was not to recover but only to re-balance and rightly so. Of course, retail have another account and while the 11700 highs are holding continue to load thinking everything is roses and business as usual... You see, a sound position has at least 5 waves in the impulse and a double ABC in the retrace. In such circumstances, the short-circuit and its remaining furloughed businesses hardly make a very bullish impression. A bit of a hat trick for @ridethepig after such a battle! .. In any case, if sellers claim back the highs and obstruct any breach the end scenario looks rather miserable. Sadly we will have another leg lower in Global Equities, this will turn out to be the sweep that caused depression and forces capitulation from even the most experienced of hands. In spite of the advanced environment, this chart will demonstrate how and where an advance on the wrong side should and will be punished.
OANDA:DE30EURShort
by ridethepig
5