DAX30 watch the 10,000 Level DAX looks bearish to complete the correction, overall trend is UP, watch the 10,000 level
Germany30
GERMANY 30 bearish opportunityGermany had a relatively low value before the market closed last week. Fed Fake out has been causing a lil stir in the market, hoping to cash in some pips with this volatile Monday market. let's see how this day rolls :)
I SEE PRICE REJECTING AND GOING INTO A OVER ALL BUY TRENDI SEE PRICE REJECTING AND GOING INTO A OVER ALL BUY TREND
DAX: Channel Up making a bottom.DAX is trading within a Channel Up on the 4H chart (RSI = 36.715, MACD = -1.100, ADX = 34.094) since lat June. Following the Higher High at 13,300, the index pulled back to make contact with the 4H MA50 (blue line), which last time (July 10th) provided a rebound. We expect a similar pattern but if it fails we are prepared to close the position and turn into selling towards the 12,400 Support, where the price can contact the 4H MA200 (orange line) for the first time since May 14th.
** If you like our free content follow our profile to get more daily ideas. **
Comments and likes are greatly appreciated.
DAX - Will buyers emerge ahead of the weekend? GER30 is Bullish - We look to Buy at 12750
▪️ Trading within a Bullish Channel formation.
▪️ The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
▪️ Bespoke support is located at 12750.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 12750, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 12690
Target1: 13155
Target2: 13300
DAX30 possible bearish moveWith ECB's uncertainty we may see a bearish move in DAX, after all we have finally reached the long awaited 13000 mark it's about to have a downward movement. let's see how this day rolls :)
Dax30 long opportunityWith the Opex meeting coming up, it may push Dax to 13000. still unsure because it will still depend on the report however setting my position to make sure to cash in atleast take advantage of yesterday's drop. Let's see how this day rolls :)
Bullish View on DAX index by ThinkingtAntsOkMain items we can see on the chart:
a) The price has broken the last corrective Structure (white lines)
b) After the breakout of it, we saw the formation of a small corrective structure above the previous one (yellow lines)
c) Currently, the price is testing the broken zone
d) Based on the current level and context we expect a continuation of the bullish movement towards the next resistance zone
Triangle on DaxTHe question is, which move next. For me more propably is break down, but still need to wait of comfir.
Bullish View on DAX by ThinkingAntsOkMain items we can see on the chart:
a) The price is inside an ascending channel
b) We can see a vast symmetrical triangle broken
c) Currently, we have a corrective structure above the triangle pattern (yellow lines)
d) If the structure is broken with a bullish movement, we expect a continuation of it towards the next Resistance Zone
DAX Resistance Zone could get interesting tomorrowIn the session tomorrow a clear resistance area will be the focus for the DAX. I am expecting a 3-Wave corrective move into the area. Should we then see the momentum flattening out and reversal signals in the candle stick priceaction a specialtive short position could be worth taking.
4HS Analysis of DAX by ThinkingAntsOkMain items we can see on the chart:
a) The price has been on a correction for 20 days
b) The correction happened on a key Level
c) Based on the current behaviour + the idea that there are not dynamic resistances for the price we expect a continuation of the bullish movement
d) Our Target will be the next Resistance zone at 13.600
The Importance of Correlating Assets Hello Traders,
In today's lecture I'm explaining the importance of monitoring correlating assets to help give us early clues about the major asset we're looking to trade.
When trading EURUSD, I like to look at 6 correlating assets. They are as follows:
GBPUSD
DXY
GOLD
SPX
DAX
I hope you find this video to be informative and educational to allow you to add correlating assets as a strategy approach when trade planning.
Always remember to trade safe - trade well.
~Michael Harding
sellstop on low boys AC(accelerator indicator) in 240min and AC30 min is very very important on dax
dont judge soon ,1mounth try it
DAX - Positioning to buy a dip GER30 is Bullish - We look to Buy at 12110
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Trading within a Bullish Channel formation.
▪️ Bespoke support is located at 12110.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 12110, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 11980
Target1: 12575
Target2: 12800
