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Germany30

#DAX is the Pullback coming this Week? #DE30EUR #GER30 The German Stock Index had a phenomenal uprise since the break of resistance around 12475, but at some time every Party has to at least close for a few hours to clean up the mess. German Stocks where pushing strongs with gains about 10% - 20% across the board and the whole market has positioned itself in overbought territory where Profit taking will come into play to start some kind of Pullback. Positioning your Risk Management with much breathing room above 12950 gives you a good Risk-Reward Setup to place yourself in the bearish Pullback Camp. Pullback Targets ============= 1. Target: 12620 / Retest of Daily 20-EMA / 0.236 Fib Retracement 2. Target: 12450 / Retest of Daily 26 or even 50-EMA / 0.382 - 0.5 Retracement Daily Stochastic is still in the Bullish Control Zone which did not gave you any Signal to be overall bearish on the Daily Chart and the Daily RSI is above 65 with a huge divergence from the EMA Have your stops in place and trade safe! =========================== You can copy and follow my Trades on eToro www.etoro.com =========================== #DAX #DAXPERFORMANCE #DAXTRADING #TECHNICALANALYSIS #GER30 #DE30 $DAX $GER30 $DE30 #GERMANINDEX #DEUTSCHERAKTIENINDEX #DE30EUR
OANDA:DE30EURShort
by koboltrading
DAX 30: Week 43 OutlookA favorable response out of Germany in the last few weeks to the economic and geopolitical data leading news headlines. The German Dax rallied a full +2.38% on the week before settling up +1.42%. This is off the back of comforting U.S. - China trade negotiations looking up. As a major exporter, Germany will benefit massively from a favorable deal between the two countries. In addition, as the largest economy in the European Union, the BREXIT negotiations ending in a good light Friday. The deal was listed by analyst as favorable for the E.U., and plus for German traders and investors. From a technical perspective, we have changed our forecast. With such strength in the market, it invalidated the downside continuation pattern and rallied massively to 12,820.00 The last 3 days of trading saw a range of 12,600.00 to 12,700.00 indicating a correction may be forming. THE PLAY: A close below 12,600.00 on the Daily will signal us to sell into the correction before a higher rally overall. Target 12,250.
OANDA:DE30EURShort
by KingdomRichOffical
DAX: One last bullish leg towards 13,000.DAX has been very bullish throughout October rising from the near 11,800 low to a 12,800 high today which is in fact a peak for 2019. This is all within the Channel Up pattern on 1W (RSI = 59.041, MACD = 182.700, Highs/Lows = 304.9427) that has been in effect since February. As you see the two dominant bullish legs are very similar, the one from February to May and August to today: Phase 1 (circle) is a volatile Higher Low, then phase 2 (blue rotated rectangle) the first major pull back and lastly phase 3 (green rectangle) the last minor pull back before the Higher High. Assuming that the rise on the current bullish leg will be symmetrical (+14.60%) then we have calculated the final Target Zone within 12,950 - 13,080. Long term traders though may wait for a safer larger pull back around 12,100 before buying, again as it happened in May. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
EUREX:FDAX1!Long
by InvestingScope
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