DAX updateTesting resistance, high probability to buy on the break of resistance, best to wait for retest for extra confirmation before buying.
Good Luck!
Germany30
#GER30 #DAX #DAXINDEX #Trading Outlook; where are we heading to?Dax has opened on monday morning with a expected pullback Move, but how far will it retrace or will it go sideways?
Daily stoch and daily RSI are telling us since many days that past uprun is running into exhaustion as the oscillators are turning down starting to leave high levels.
We have major key levels that we can easily watch and manage our Risk From without being attached to any economic bias.
On a makro view a possible bullish perspective key level to watch is the major lower trendline. A Break of it would give first insights that makro upward trajectory is totally broken.
But until this happen Dax Index has given us in the past many opportunities to play Fibonacci Retracements to the Upside.
The current Dax Posture tells us not to blindly short the Market it is rather telling us to derisk Any Long Trades and lock in Profits which you might gained during this Year and derisk your Stocks (especially DAX Participants).
Also What gives the Dax a higher probability to go Sideways or decline with a slow pace is that many Dax Stocks have already had their major declines over the past weeks and Months and playing some kind of bounces trying to find buyers but according to current Dax Posture I also would not say that we will not see some lower major german stock prices.
Anyway shorting with prices trading with a rather narrow range to the daily 200EMA and daily 200SMA is not the Trade i am personally looking for.
If you are asking yourself which Fibonacci Retracement Level will be the best to manage your Risk of i can tell you following.
Looking at the daily RSI we are nowhere near any long entries on DAX and personally i am not allocating any eurocent to German Companies at this high Oszillator Levels.
Looking at the past i want to the RSI go back to 0.618 or 0.786 Levels which would go in confluence with chart prices and chart Fibonacci levels around 0.382, 0.5 or even as low as 0.618.
Choose your entries wisely and trade safe!
DAX update double topAs price retests the uptrend line, a double top pattern is forming. Divergence on indicators is present. Could take us lower to the 200SMA level. Neckline break for confirmation.
Good Luck!
DAX weekly updateLooking at DAX, weekly chart shows the H&S pattern forming with good divergence on indicators Elliott waves are perfectly respected and by that count we are finishing wave B. Could still go up before the major plunge into C.
This could also be in line with recession fears, showing that we have time but the sell off is inevitable. Wave C also moves in 12345 formation, so we shall get plenty of opportunity to add shorts there.
Good Luck!
DAX head and shouldersPotential pattern forming. After completing inverse H&S pattern, now see a new one. Divergence on indicators and waiting for the break of the neckline to short, or wait for the high on smaller time frame.
Good Luck!
#DAX #GER30 #DE30 dont jump into it to early$GER30 #DAX #GER30 #DE30 dont jump into it to early
DAX has risen the past weeks bouncing of 11275 Support and is getting into Resistance Zone were some kind of Pullback is expected.
What we dont want to do is to jump in any DAX Trade without a proper Risk Management Plan because we dont want to get caught between some Ranges maybe forcing us out of our trade.
Daily Stochastic in Bullish Control Zone and not crossed down yet, Daily EMA still room to Go, Waiting for a healthy pullback to at least 50EMA(green) or better the 200SMA(turquoise) for any Entrys, TD Sequential is indicating that there would be a at least time for a 2-4 Candle Correction.
Trade Safe!
===========================
you can follow and copy my Trades on eToro
My Etoro Profile:
www.etoro.com
Etoro Registration Link: etoro.tw
INDEX: GDAXI Deutsche Borse DAX IndexM timeframe uptrend BULL
W time frame uptrend BULL
200WMA acted as support BULL
PMI German below 50 BEAR
MACD W bulls gaining momentum BULL
RSI value above trendline BULL
FIB retracement acts as support BULL
FIB extension acts as price target BULL
US10Y-US02Y inversion leads to US recession AFTER 2-2.5 years BULL
EXANTE is a broker for professionals. Direct access to over 50 financial markets through one account.
Stocks & ETFs, Currencies, Metals, Futures , Options, Funds, Bonds, Crypto¬currencies.
Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here.
Investing in certain instruments, including stocks, options, futures , foreign currencies, and bonds involve a high level of risk.
DAX - Inverse head and shouldersLooks like this is getting away from our ideal entry level. However, it looks a good candidate to buy on dips on the short term.
Trade Idea
Broken out of the Head and Shoulders formation to the upside.
Positive overnight flows lead to an expectation of a firm open this morning.
Price action looks to be forming a bottom.
Bespoke support is located at 11750.
Further upside is expected although we prefer to set longs at our bespoke support levels at 11750, resulting in improved risk/reward.
We look to Buy at 11750
Stop: 11680
Target 1: 12070
Target 2: 12200
German DAX Head and ShouldersCheck out my opinions on my last post on the Spanish IBEX. The same macro and fundamental analysis applies.
The German Dax is also showing us an interesting head and shoulders pattern and a potential break out here.
Dax inverse head and shoulderTesting the neckline today, expected bounce from it before continuation. Great for early entry if you did not go long this morning when rally started. Good Luck!
Bearish Head & Shoulders on $DAXBearish Head & Shoulders on $DAX
This is a representation of the German economy,
like the $DJI for the US economy.
Price is currently holding at the trend line support.
A break below would be a continuation of a downtrend
caused by such a pattern.
see more at: cryptoplanet.cash
instagram: www.instagram.com
telegram chat: bit.ly
DAX inverse head and shouldersDaily chart shows inverse H&S pattern forming, divergence on indicators. MPO could take us back to the broken daily uptrend line. Ideal option would be to see another low on smaller time frame to buy with a better risk reward.
This suggests that markets in Europe should bounce next week. Perhaps as summer ends and investors get back from holidays we shall see increase in volatility.
Good Luck!
DAX on a kick conter trend, don't miss itDax uptrend continuation
Resistence reached
Expected conter trend to higher low
Germany 30 took the shortIf you entered a short around 750 level, you can hold 1 of them towards the trendline below.
DAX - Selling into the corrective rallyTrade Idea
Broken out of the Head and Shoulders formation to the downside.
We have a 38.2% Fibonacci pullback level of 11773 from 12598 to 11263.
The trend of higher lows is located at 11761.
There is scope for mild buying at the open but gains should be limited.
Preferred trade is to sell into rallies.
We look to Sell at 11770
Stop: 11820
Target 1: 11560
Target 2: 11450
Dax daily: 12 Aug 2019The last session of the previous week did not offer something really interesting. Our support at 11 716 did not work as a point of reflection, but rather as a place where the market slowed down for several hours. Today we are opening with a long gap.
Important zones
Resistance: 11 899, 12 031
Support: trend line
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
We have an increased probability of 57% to close the gap, for this reason we can expect a slight short move towards the trend line where we could find buyers and head towards 11 899. If we break through the Friday's low, the hypothesis of the test 11 899 will not be valid anymore, rather we can expect chop in the Friday's range.
German Dax 2 hour set upBeen in a prolonged downtrend on the German Dax...world equities really, and it seems we began to bottom out here. We stopped making lower highs and lower lows.
We hit a support one and from there have gained some bids. Seems we got what appears to be a wedge/triangle break above a resistance zone on the 2 hour followed by higher highs and higher lows. A good risk vs reward trade.
Watching the 11920 zone as an interim target, and another zone at 12050 zone.
I still think central banks can cut rates and go back to QE/stimulus so markets can still remain propped...wall street can keep the party going a little longer.
DAX - Head and Shoulders topTrade Idea
Broken out of the Head and Shoulders formation to the downside.
Bespoke resistance is located at 12295.
There is scope for mild buying at the open but gains should be limited.
The formation has a measured move target of 11727.
Further downside is expected although we prefer to sell into rallies close to the 12295 level.
Stop: 12345
Target 1: 12055
Target 2: 11950
German DAX Head and Shoulders?Not a textbook head and shoulders, but this is real life. What the head and shoulders tells us is a shift from one trend to another, we see this with the swings.
The German Dax had a break below a support/flip zone as other equity indices also sell off.
This is a nice and strong break, but again, perhaps await for the Federal Reserve to speak before entering.
11800 would be a good target zone.
