Germany30
The bullish trend continues towards the Next Resistance on DAXMain items we can see on the chart:
a) The price is on a bullish trend since March
b) Currently, we can see a corrective structure supported on a major zone
c) We had a breakout of the structure and we expect a continuation of the bullish movement
d) The target we will be aiming for is the next Resistance zone (Historical Higher Highs)
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
Germany 30 longGermany opened with a deep drop this morning. Only means one thing, it hit my buy level. pushing my profit limit to a slightly higher rate. let's see how this day rolls :)
Germany 30 longWIth this volatile market, cashing in some small but consistent profits and now because of this slight dip, taking advantage to catch this days slight uptrend. Let's see how this day rolls :)
DAX - Will we see a further decline?Technical aspects:
Bears in control: Bearish flag formation once confirmed if it breaks below support area of 12800 area the bears are in control measure the bear flag which goes well with our descending channel 12680-12560 areas are key support areas!
Bulls in control: breaks about that key trend-line down going towards reaching the next trend-line area is the next resistance zone 13060 above bulls are in control the next resistance are will be 13200 areas.
Keep in mind key trend-lines, channel and the certain patterns forming. We could even add any additional indicators you may use such as RSI, MACD, Fibs etc. Do what your plan says to do. Keep disciplined.
Remember: Just a trade idea, not a recommendation
DAX30 watch the 10,000 Level DAX looks bearish to complete the correction, overall trend is UP, watch the 10,000 level
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 :)
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.
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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
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