Germany30
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
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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.
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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.
GER.IDX/EUR 4H Chart: Bounces off support clusterThe DEU.IDX/EUR pair has been trading in a junior ascending channel pattern since June. The pair bounced off the bottom border of the channel pattern at 11616.2 on June 3.
The German 30 index made a pullback south from a resistance level at 12571.5 during yesterday's trading session.
Currently, the pair is testing a support cluster formed by the 50– and 200-hour SMAs at 12402.4.
If the cluster holds, the GER/IDX/EUR pair will continue its movement in the junior ascending channel pattern during the following trading sessions.
DAX - Selling again todayDAY TRADE - EXPIRES AT 9PM
Trade Idea
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12300.
There is scope for mild buying at the open but gains should be limited.
Broken out of the Head and Shoulders formation to the downside.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
Stop: 12465
Target 1: 12240
Target 2: 12135
Updates
The move to 12405 triggered our short trade
Updated: 2019-07-23 08:24:29
DAX - Head and Shoulders topDAY TRADE - EXPIRES AT 9PM
Trade Idea
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12300.
There is scope for mild buying at the open but gains should be limited.
Broken out of the Head and Shoulders formation to the downside.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell at 12300
Stop: 12360
Target 1: 12135
Target 2: 12360
DAX - Head and shoulders top formation. Selling a rally.DAY TRADE - EXPIRES AT 9PM UK
Trade Idea
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12400.
There is scope for mild buying at the open but gains should be limited.
Continued upward momentum from 12195 resulted in the pair posting net daily gains yesterday.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell at 12400
Stop: 12480
Target 1: 12130
Target 2: 12000
