DAX outlookPrice ranging from last week, closed near support.
Waiting for the break and close of the candle through either either support or resistance.
Opening of the market this evening may create a gap and be volatile, best to see overnight and wait for Europe to open for less risk.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
Germany30
Dax. Short hourly divergenceNice Divergence on the houly Dax. Couple of hundred point + move to the downside possible. Stop just above the high at 12917.
DAX30 Key Levels D1, H4 and H1 + General thoughts for trading itThe stock market has been pumping and with things coming back to normal, we are going to likely be climbing back up to pre-covid19 levels, but nobody knows this for sure, so I find marking key levels of support and resistance helps me keep track of my bias so can take trades accordingly.
Once the levels are nailed down the execution becomes the next task....
Next Monday If we break daily resistance @ 12870 and find support to test weekly levels @ 12940 then then it will be safer to stick to buys to mid-13000s.
However, you can scalp sells with prices first reaction at these levels, for this i would recommend using the smaller time frames.
If you have traded DAX30 you will know it can move harshly compared to the smaller indexes.
If anyone has any advice on how they like to trade DAX30 let me know.
Push like or leave a comment if you agree with my key levels.
Thanks for viewing.
Daniel
UCFX
Weekly Analysis on DAX by ThinkingAntsOkMain items we can see on the chart:
a) The price has reached a major resistance zone
b) We can see 4 situations in the past in which the price rejected the zone with 3 to 4 weekly candlesticks
c) LONG SCENARIO: After that, we should expect a bullish movement towards the next resistance zone at 13.500
d) SHORT SCENARIO: If the price keeps falling after the contact with the resistance zone, we should look for short positions towards the support zone.
Divergencias en 1D,4H, 1H en el DAX Como pueden ver, se viene alargando la divergencias desde 1D, 4G y 1H, por lo que no considero zonas de compras a partir de aqui marcada, aun tenemos fuerza en el monitor alcista, pero ojo en la próxima debilidad del movimiento a la alza para poderle metor con short.
Seguimos pisando los movimientos de cerca al dax!
DAX outlookAs the equities took a bullish turn on the positive outlook on economic re openings, DAX approached the 61.8% retracement since the sell off.
If the fundamental news do not change, we should see a break higher towards the 11800 round number. First target of the breaks is 12000.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
DAX one leg down to 10,700 before potential bullish rally to 12kIn line with promising PMI numbers, vaccine hopes, reconstruction plans might start to put hopes to Germany and Euro economy and ultimately lead to good performance of the stock markets across Euro zone. However, there has been number of mixed signals which might pull the index to the region around 10,700.
But, i am still optimistic that the index is potentially positioning for a bullish rally to 12,000 within short horizon.
Dax idea - multi time frameDax tried to go lower and found support this week
this isn't over yet. Next week i believe we will have some positive days moving towards the wave (4) a key resistance level for dax. It is expect to see a rejection at his level bringing the price down to complete last wave (5)
attached to this idea is the Sp500 and last week De30 analysis
Last week i mention we were going to move towards an ABC correction and looks like we are on track. Take a look at that chart too
DE30 - DAX German index ABC correction - Big red week incoming Big German stocks looking for ABC correction:
SAP
VOW
SIE
LIN
BAS
BAYN is one of the big stocks that is not clear. We see a triangle pattern on daily chart. If this breaks bearish then we have a big red week for the Dax
DE30 seems to reflect this trend
next week we will be looking for ABC correction
Dax 30 : 10250-10900 Range indicates next phase sell off to 79xxDax continues to trade inside the short term rectangular range (10250-10900) ,11000 area remains as the major resistance which is also the 50% Fib retracement level (13820 - 7965 sell off) .Price got squeezed inside the major EMA - Fib levels since a month backed by the Q1 earnings numbers + ECB's comments on the strong intervention to support the economy,though the decision is still being questioned by the court and demanded a justification . We have Banks and major Q1 earnings numbers upcoming + the German GDP to be out on Friday (negative forecast of course) . There might be volatile upside movements to the 11000 handle this week but breaking the resistance is unlikely ,eventually one more time a test to 7950-7750 level (in couple of months) is what i am expecting before any strong rally .
Trend : Range ( 10250-10900)
Resistance : 11000
Supports : 10250 (Short term Range bottom)