Germany30
Bullish Reversal On German DAX - Elliott wave AnalysisGerman dax unfolded an EW ending diagonal within a bigger wave, which seems to have found a low at the 10280 level, from where a nice rally is now developing. This rally can be labelled as wave 1, first wave of a bigger upcoming cycle that is expected to unravel five minor legs. At the moment we see a temporary pullback unfolding as part of wave 1, which can face support and a recovery near the 10782 level.
DAX 30 - INVERSE H&S SETTING UP Just the right shoulder left to form.
Will be looking to enter above the break of the neckline.
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The analysis is made based on chart patterns and EW.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
DAX Index: Much more potentialA large reversal pattern (H&S shaped) has been completed with the recent break below ~12000 (cloud and internal trend line) and a full swing down trend is in progress. Focus is on 10150 (minor) and 9965 (first major projection). Below that 9475 and even 8465 come into play on a 12+ month horizon.
On the upside, prices should not rally above 12050 for the foreseeable future. Risk/reward remains excellent. We have full short-exposure (equities) divided equally between the DAX and AEX Amsterdam.
Near term trend: negative
Long term trend: negative
Outlook: huge long term reversal, negative
Strategy: hold-short / sell rallies
Support: 10150* / 9965* / 9475* / 8465*
Resistance: 12050 / 12335 / 12670
Outlook cancelled/neutralized above 12335
Germany 30 (DAX) Long SetupThis above is the 4H chart of DAX. There is a major support level just below it, as you can see indicated from the chart.
This could be the beginning of a new bullish move. I am also looking at the daily chart and it looks like there could be a possible pin bar in-the-forming.
Check out more in the link below
German Stock Index (14 Dec 2018) *Watch These Cues
Updated View On German Index (14 Dec 2018)
The index is under heavy pressure and it is trying hard to break a strong RESISTANT of 10,960 regions.
You can turn BULLISH "only if" the level is broken UP.
At the same time, watch 10,600 level closely. If that level is broken, more bear will slide in,
To Conclude, it is almost 50-50 at this moment.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
DAX sell zone 11000-11050 (H4 chart)This is my point of view for the DAX now. As i'm a student i don't have alot of time to check the chart. If I am able to watch the chart when it is in the sell zone that is mentioned in the title, I will upload an idea from that point with entry points and take profits. DAX is in a downtrend now, if the trade goes well we can make alot of points out of this trade.
Wirecard is going southNice trend channel to the downside that supports the bearish sentiment.
Next stop is the 200 EMA support zone.
German Stock Index DAX (22 Nov 18) *You wanna live dangerously?View On German DAX (10 Oct)
First, we are still in the DOWNtrend. so every up move can be considered countertrend.
Secondly, we are approaching into a holiday season, it makes brings swing or side-way moves.
and you still want to trade?
Ok. I am expecting it is time for a swing back up, at least a short-lived on.
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Our Analysis
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Entry long, above 11000
SL 10840
TP1 11405
TP2 11650
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Short the DAX until 10854, could consolidate around 10936This is my primary scenario for now. I am flexible: if any strong and not-tricky invalidation is shown, then I might change my opinion.
This is also the rationale: The smart money want to short big time, but retail traders are either shorting massively or seing a double bottom. When it's undecided, the big guns would short artificially to reach their targets and in the meanwhile trigger many stops (trick). If you want to short heavily, you need to find sellers (and buyers who are wrong), but those sellers would only be found at higher levels. If you want the market to go up, then you need to find buyers below at lower levels. So this is it: the market goes down to artificially find buyers who will bring the levels to the sell orders. And then everyone can short happily thereafter.
Dax buy opportunity if trend holds otherwise danger ahead !This is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy points. Recently, the trendline was testet again on fears of a Trade War with China, Brexit and Italian Credit, which presents a buying opportunity als long the support trendline stays intact. Otherwise danger ahead, because of a huge rising wedge pattern of a historical size.
Dax buy opportunity if trend holds otherwise danger aheadThis is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy points. Recently, the trendline was testet again on fears of a Trade War with China, Brexit and Italian Credit, which presents a buying opportunity als long the support trendline stays intact. Otherwise danger ahead, because of a huge rising wedge pattern of a historical size.
DAX: Symmetrical Channel Up still holding. Bullish.The index managed to maintain the bullish break out above 11,390 and the new 4H Channel Up to stay above the Higher Low limit. As long as the symmetry holds, the short term target should be around the 0.618 Fibonacci extension, before it consolidates the potential overbought status. Our targets are intact: 12,000 & 12,100 in extension.
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DAX30 Index Potential Bullish Triangle Breakout DAX30
Time Frame: H4
Pattern: Triangle
Facts :
* Finds support and makes a double bottom at 11400
* Price closed above EMA 50
Trade Opportunity: Buy the potential breakout of the triangle as shown in the chart.
Estimated breakout level: 11563 - Confirmed by MM 2/8
Targets: 11710 and 11820
Invalidation Level: Below double bottom 11400
Aggressive Traders: May long at the current level with the same stop loss
Good Luck
DAX: Symmetrical Channel Up after monthly support held. Long.The 11,050 1M support was defended and the 4H Channel Down broke to the upside. A price above the 0.500 Fibonacci mark (11,750) is needed to restore the medium term 1D bullish bias to the index (CCI = 24.4993, Highs/Lows = 0.0000, B/BP = 36.1820 already). We remain long with TP = 12,000 & 12,100 in extension.
DAX: False break?Dax has returned to within the broad topping pattern seen over 2017-18. While this is not ideal action, the fact that the market broke down in the first place and is held in check by our moving average still provides a bearish posture.
Our first target (yellow horizontal line) has been negated for now. Taking out last week's high on a closing basis will alleviate bearish momentum, whilst a clear continuation pattern would be to close below last week's low.
Since our bias is short, we will await confirmation next week before initiating new short positions. Any surprise in the US elections may stun markets and initiate a fresh drawdown in global equity prices.