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DAX Sights All Time High 13800Hello Fellow Traders! Indices experienced slight recovery last night with SPX (US500) up 2%, Nasdaq up 2.94%, UK100 up 1.39% and DAX 2.07% The SPX (US500) has broken pre Covid highs aided by the US tech sector, while the broader market has struggled to test related levels. The DAX has positioned itself for an advance to reclaim historical levels. Caution: This zone will act as resistance. Also, this trade is suggesting the global markets will bounce in the short term. Key Points: - Price holding above the 200 EMA - Price holding above the 50 EMA - Above all Fibonacci levels from the Covid range drop. Next resistance is the All Time High. - Covid Gap from initial drop has yet to be filled. - RSI positioned for upside Key Levels: Support – 13100, 50 EMA, 12850, 200 EMA Resistance – Caution Zone, 13450, Above Covid Gap, 13800 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 13000 Supporting Entry – 13100 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing 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 12850 level and/or 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 13000 – Target 1 13450 = 3x Reward to Risk Optimal Entry 13000 – Target 2 13800 = 5x Reward to Risk Supporting Entry 13100 – Target 1 13450 = 1.5x Reward to Risk Supporting Entry 13100 – Target 2 13800 = 2.7x Reward to Risk
XETR:DAXLong
by tradetheday
8
DAX trade planDAX is at an interesting level. Now price moves along the uptrend line, tried to break it but could not close below. Stuck between 50 and 200 SMA's showing consolidation. 1st trade is to wait for the break of 50SMA and the high of 13129 to buy and target higher levels. 2st trade is to wait for the break and close below the support zone and 200SMA to sell. The selling strategy is higher risk, so we need some serious news in the market to improve our chances. Please support the idea and share your thoughts on DAX! Good Luck and Stay Healthy!
OANDA:DE30EUR
by Antonio_trader
1
On the way to the All-time highs zone / DAXMain items we can see on the chart: a) The price has been on a bullish trend since MARCH 2020 b) Currently, we can see the price outside the ascending channel c) However, we do not consider it as a reversal signal yet d) We expect the price to reach the next resistance zone (all-time highs) There we will pay attention for possible reversal or continuation patterns e) Currently, we can see a small correction. (We expect a bullish resolution IF the price breaks above it)
TVC:DEU40
by ThinkingAntsOk
1
DAX - SWING Alert - Bearish Scenario / 10-15% GAINS !!!-NEW author on TradingView -2+ years experience in markets -Professional chart break downs -Supply/Demand Zones -Key S/R levels -No junk on my charts -Frequent updates -Covering crypto/US stocks XETR:DAX 90min: BEST level to SHORT 10-15% gains (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: XETR:DAX 90min chart review / outlook ::: bounce imminent right now ::: likely setting up for a bigger move downwards after filling the CME Gap (13400-13500) ::: however short-term I recommend to focus ::: on selling HIGH from confirmed resistance ::: In this Setup it is very important to be patient to not get frontrunned ::: key resistance: 13500 USD ::: key support level: 11400-12000 USD ::: recommended strategy: SHORT IT 13400-13500 USD ::: SL 13720 USD TP1 12000 USD TP2 11400 USD ::: If you like my content, please consider liking and commenting. So I can adjust my content to your feedback guys. ::: Good luck traders!
XETR:DAXShort
by plukits
2
GER30 in the Neutral Range again - Wider Look on the ChartHello to all watching my charts. I got a lokk at the German GER 30 Index Dax (R) and what we see is that i have divided them in 3 parts Long Part: Above the Aerea of 12770 Neutral Part: Between 12540 and 12770 Short Part : Below 12540 These Marks are always at GER30 Plus Minus 20/30 Points cause thse Inex is bounce arond always since years. Maybe we will get an inverse SKS here in the big picture but that we have to wait on the right shoulder shich is not here. If the indexx bounced big above 12770 than we got it and that would be a big LONG signal. Good trades. If you want to support my work, please like them My analyes here are all NOT a request to buy or sell seomething. Allways do you own research. Renkotrade
WHSELFINVEST:GERMANY40CFD
by Renkotrade