DAX great short @580Bearish DAX. If pull back toward 580 happens, I will sell the DAX. This is my first chart published, please give me some feedback or different ideas!
Germany30
DAX intradayHello, traders!
DAX - Potencial Reverse H&S Pattern?
Also we see Bullish Flag.
Possible targets on the chart.
Alternative scenario - Red Arrow.
Let`s see. Wait for the candle to close.
High risk trade! I will comment on the idea, as events unfold.
Thank you for your attention.
Target hit. Now waiting for 1W Lower High test. Long.TP = 12,500 hit as the 4H Channel Up (Highs/Lows = 40.1429, MACD = 32.900) continued rising following the 1D Double Bottom two weeks ago. 1D is now on Lower High territory (RSI = 49.327) and we are looking to extend our buying strategy towards the potential Lower High of the 1W Channel Down, which should be around 12,620. Our extension TP remains 12,550 and we will update upon the test of the Lower High.
Target hit. Approaching a new Lower High. Long.TP = 12,355 hit as the 12,080 1D support was kept intact and DAX made a Lower Low on its Channel Down (RSI = 46.830, Highs/Lows = 0.000). Currently the price is even above our maximum expectation of 12,400, so attention is required as we approach 12,510. Since the 12,080 support was respected, at least on the short term, the index should technically approach 12,600. We expect to utilize the bullish momentum built on 4H (RSI = 60.708, Highs/Lows = 101.6429) and as a result we are again going long with TP = 12,500 and 12,550 in extension.
German Stock Index DAX (Aug 2018) (Can Swing Back Up)This will be my views of German Stock Index DAX Aug 2018.
Please make sure to read the "update" comment as there will be changes along the way.
You are welcome to "Like" and "Comment".
Cheers.
S0nic
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.
DAX..... Heading down south?The German leading index charged through a daily trend today fueled by the escalating news from Turkey.
As you can see we're closing in on the trend line that was formed in 2016 after the "15-16 sell-off".
With the 10 day RSI indicating "oversold" a rebound to the previous trend line (12350) is a possibility after which I'm expecting another down turn and breaking the 2016 trend.
Another possibility is that the DAX keeps on steaming through and breaking the trend in one go.
Once it manages to break I expect the support at around 11850 to hold it's ground.
If it looks like the 11850 support is gonna break as well I'm gonna have to follow up on this post with new targets/possibility's.
Keep in mind we're living in interesting times with the " Trade wars" and "Future crisis" looming around every corner.
P.S. I'm not telling you what to do always cross reference with you're own analysis. I'm not responsible for your loss.
P.P.S Any thoughts/feedback is always appreciated!
Head and Shoulders nearly complete. Wait for confirmation.DAX is about to complete a very long term Head and Shoulders pattern on the Monthly chart, thus the neutral RSI = 51.621, ADX = 29.826. 1D is a Channel Down formation (RSI = 34.363, MACD = -73.300, Highs/Lows = -357.2500, B/BP = -455.2462), which if the 12,080 support from the previous Lower Low breaks, will hit 11,900. If it is rejected, then it will rebound to form a new Lower High near 12,400. We use this support as a break-out confirmation point (crossing = short with TP = 11,900, rejection = long with TP 12,355.
Long it before you short it again #dax $daxSome relief rally for bears to tap more liquidity before they further continue with their slaughter.
Do like and share the setup if you agree with it.
DAX Elliott Wave Analysis: Bounce Can Be TemporaryHello Traders,
In this short-term analysis, we will have a look at the German DAX Index.
DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended red wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where black wave ((w)) ended at 12640.87. Black wave ((x)) ended at 12468.68 and black wave ((y)) of red X ended at 12882.05 high.
Down from there, DAX is currently suggesting that it is unfolding as a potential 5 waves structure. Where blue wave (i) ended at 02/08/18 low (12491.53), blue wave (ii) pullback at 07/08/18 peak (12740.66), and blue wave (iii) at 08/13/18 low (12321.45). Currently, it is in the progress of making a pullback in blue wave (iv) before extending 1 more leg lower in blue wave (v) before a 3 waves bounce higher can be seen. We don’t like selling it.
Long DAX30 @ 12,500.00; TP @ 12,687, SL your choiceLong DAX30 @ 12,500.00; TP @ 12,687, SL your choice
Where is Germany Going?Disappointing German Manufacturing figures paint a very concerning picture for Europe's largest economy. Posting a 5.9% drop in foreign demand for German products in June, Manufacturing data is responding to Trade War speculation and Trump's proposed tariffs. Will this spill over into other Eurozone markets? More importantly where is the German economy headed in the next 6 months? Trading Forex / CFDs is High Risk.
Elliott Wave Analysis: DAX Ready For Rally Higher?Hello Traders,
DAX short-term Elliott wave analysis suggests that the pullback to 6.28.2018 low ended blue wave (2) at 12088.56. Up from there, the rally higher to 12769.8 higher ended red wave 1. The internals of that rally higher took place as impulse structure with internal sub-division of 5 wave structure in black wave ((i)), ((iii)) & ((v)). On the other hand, wave ((ii)) & ((iv)) took place in 3 waves corrective structure.
Above from 6.28.2018 low cycle, the rally higher to 12369.5 high ended black wave ((i)). Down from there, the pullback to 12115 low ended black wave ((ii)). The rally higher from there took place in 5 waves structure & ended the black wave ((iii)) at 12630 high. Below from there, the pullback to 12513.5 ended black wave ((iv)) as a contracting triangle. The final rally higher from there ended black wave ((v)) of red wave 1 at 12769.5 peak. Down from there, the correction against 6.28.2018 low cycle completed red wave 2 at 12454.5 low after reaching the blue box area at 12540.50-12446.86 100%-161.8% Fibonacci extension area. Near-term, while dips remain above 12454.5 low and more importantly above 12088.56 low, expect the Index to resume the upside in red wave 3 higher. We don’t like selling it.
German Stock Index DAX (*Bullishness can go further)
We have a nice strong bullish momentum on GER30 and it is likely to get carried forward further.
I am expecting it shall easily travel to 12590. If the bullishness persists, it can retest to 12800 regions.
Let's see,
Press "Like" and "Follow".
Sonic
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.
DAX Breaksout of sideways Channel The risk sentiment just converted to risk on as investors seems to take buying positions in the global stock markets. Dax just violated major resistance of 12392. I'm seeing next resistance near 12600.
Keep following for more updates!
DAX setting up for break of key 12600 levelMain bearish outlook--
Another break of the long term rising trendline is bearish
Shallow rebound from 12610 low on June 19 has ended- setting up re-test and likely break of 12600
Next key support could be 12400
Bullish alternative
12600 level holds, maintaining trading range enrivonment
(level is significant because it was resistance after the February sell-off and support after the move to 13200)
Germany30, head and shoulders, 4 hour chartToday another weakness in the European market, mostly due to bad news from Italy and their governmental struggle.
Technically formed H&S pattern broke the neckline and is currently retesting is, after being rejected on 38% fib retracement of the move. It is also in line with a 200 SMA at the time of writing on a daily timeframe, a close below could further indicate a H&S trigger.
German30 (DAX) - Technical SetupGerman30 (DAX) – Trading Plan
I will be looking to buy DAX above the support level of 12630. I know the support is at 12680 but the DAX often eats 50 pips in the process of stopping at support and taking a reversal. Let’s monitor 12630 now.
DAX German Stock index(Poised For A Short Term Swing Down)DAX
It is in a nice medium uptrend but we are seeing some bearish price action in H4. It should the potential swing down to a good support may be on the way.
I am seeing 13000 level as a good TP level aka support.
DYODD and Trade Safe
s0nic
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.
Dax rising wedge inside a rising wedge...at the chart we have a rising wedge with minor waves and a rising wedge inside the minor wedge with minute waves. break of the red line with the minute waves can lead the price to test the green line with the minor waves. where a break of the minor wedge can lead the price back to between 12.400 and 12.540, where 12.400 is 0.5 on fibonacci levels and 12.540 is 0.618 on fibonacci levels, drawn from ((0)) - ((v)). While a test of the 13.200 level is eminent, and could go up and test the level, which is also 1.13 on fibonacci levels. this will also extend the minor and minute wave.
a break of the minute wave wedge , is possible where the price will have a harder time to break the minor wedge ( the green wedge )
A short trade can be taken now, where the SL will be just above the last high at 13.045,80. where TP will be around the intermediate wave 2.
Take in mind that the price is very bullish on the short term, but we actually also see some weakness in the momentum for the upside. a correction of the short term bullish run will happen, before further gains.
More updates will come..
German Stock Index (*A Potential TOP is in)DAX
We had a strong break out 2 days ago and it is stalled now.
I am watching the regions of 12,800 very closely.
If the price cannot break out that region again, we should see a SELL down toward 12,550 and 12,420 region.
Of course, the bias will become invalid if the price swing strongly above 12,800 level.
DYODD and Trade Safe
s0nic
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.
