Germany30
Short Opportunity on DAX DAX has been on an upward rally for the past few months and has now come to an end. With fundamentals and technical analysis we can clearly see where DAX is now headed, DAX last week managed to break an important level of support with the Trade War and now the Mexican tariffs being imposed by Trump, the market is now on a downtrend potential, with nothing stopping it unless the trade war is paused or solved.
But for now, DAX is a shorting potential and certainty.
Dax daily: 31 May 2019 As we anticipated, the support level of 11 861 held the price pretty strongly for the entire session and didn’t allow sellers to go any deeper. The gap was then closed and the intraday trading closed priced 11 918.
Important zones
Resistance: 11 861
Support: 11 735
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today’s session hypothesis
After yesterday’s successful day for buyers, we came surprised to see the strength of the morning gap. This one is sized with some 140 points which is quite unusual. Dax has now entered the zone below the significant support levels and this is where the price was for the past two months. The first price action level where it is likely for the price to stall is the level laying around 11 735. With the gaps of such size, it is more likely the price continues in the gap direction and it’s close is then less probable.
Germoney - possible quick longIt has to bounce from the 11800 - 11820 area first. Do not take the trade at the first possible bounce. Wait for the retest. If the price will be pushed below 11800 - no trade. GL.
Incredible oportunity on GER30 for todayWe have a simetrical triangle, the trend is upward, so watch for a top breakout.
Tomorrow, 23 may at 10:30 and 11:00 am we have red news, so keep an eye on it.
German DAX Stock Index (The strong trending days are over)We had a great run since early 2019 and now the bull momentum has stalled in recent weeks.
So, we may go into a dreadful range period for now with big range bound movement.
We can see the strong bullish support are near 11300 to 11500 regions and if there is any pullback to the mentioned region, we can expect a push back up.
Time the trade well.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short on DAX indexDax soon will go down, you can start open a short positions....
We have a three possible targets :
1. 11900 zone
2. 11750 zone
3. 11500 zone
I will update this trade.
Good Luck!
The German30 DAX Index from a different point of view.MMHVW - see chart. Uploaded fir cross reference purposes and not go be taken as financial advice.
Germoney High risk- Nice R/R ratio shortHigh risk trade with really nice R/R ratio. Move the SL to breakeven once it surpass 12280. Follow your risk and money management strictly. Good luck.
325 pts easy to takeNo comment
especially all german data like Pmi are so bad
overbought also
eurphoria about china /us trade talks
DAX Germany30 Index Short OpportunityRising wedge with bearish divergence, entry at 12310/12320, minimum target 12.134 stop above 12354
DAX FORECAST - NEW BULLISH IMPULSEHey Traders!
So I was expecting a pattern here and we have a perfect Impulse and a corrective structure which seems like a ZIgZag ABC.
A smaller degree impulse happened inside the structure so we will look for a buy set up; however it could continue correcting, let's hope it goes as planed.
Always trade with care,
Carlos
Short The DAXThere is a gap between 11800-11720 which needs to filled. There is a probability it can jump to these levels before go south to fill the other two gaps @ 10913 and 10447. Good luck :)
DAX / GER30 Short IdeaThe DAX index has hit daily resistance at 11,48x and will continue down for the time being.
I've seen a lot of chatter about the coorelation between AUDUSD and DAX and I have to agree that it follows it by +/- 60 days. If I continue to use this theory as a basis for my trate, we should see DAX shave off around 1,000 points in the next week.
German Stock Index (Range Bound Movement is expected)View On German Index (27 Mar 2018)
DAX is the strong pullback mode since last Jan and now it has reached an important resistant region
Now, I am not seeing any extreme edge at the moment and the market shall go into range for the immediate term (up to 1 month)
it will use 11300 as support level while 11600 as resistant for now.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
