Germany30
Buy DAX and hold at leat for this week?The DAX is recovering from last week's lows. The hammer confirms that the 12000 level is a strong support. The trend line shows that a shy uptrend is taking place. It will probably retrace on the 50% fibonacci level where also the 50 and 100 period EMA will function as a resistence.
Germany Stock Index (12 Feb 2018) * Bears, Be Patient.DAX dived down into a strong congestion zone of 12,000 to 12,200 region and currently it making a bounce.
I expect it can swing back up strong, as it may have trapped enough later sellers and it will attempt to eat them up.
It can swing back up to 12,500 regions.
I see the region as very strong resistant region and the index may not have enough strength to pass throught it.
If you are looking for a short, this is where you want to wait.
Trade Safe
s0nic
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POSSIBLE REBOUCE FOR STOCK MARKETHELLO,
WE CAN SEE THAT THE FINAL RUSH OF LAST FRIDAY WAS VERY GREAT, THERE S NOT PEOPLE WHO JUST COVERED THEIR SHORT POSITIONS BUT ALSO BIG VOLUME OF REAL BUYERS.
NEXT WEEK WILL OPEN WITH GOOD UP TRENDS I THINK, FIRST TARGET 12600 IN 3 DAYS MAYBE.
BE CAREFULL, THE MARKET IS IN HIGH VOLATILITY MOMENT, ALWAYS RESPECT THE STOP LOSS IF NEEDED.
GOOD LUCK AND GOOD TRADE.
Monthly uptrend and demand level in control on German DAX 30Monthly uptrend on German DAX 30 index. Monthly demand level in control. Longs at new D1 and H4 demand levels. Shorts could happen if monthly demand zone is eliminated
Germen Stock Index (DAX) (19/1/18) *It is still BullishDAX index is still in the uptrend for now.
Just to make sure, to watch the level of 12,880.
It is going to be a strong support level.
We shall not turn bearishness as long the level is not tested or strongly broken.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
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.
Sonicr Mastery dot come is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
DAX - Outlook for January and 2018For 2018 there is no reason why Euro zone should face any major difficulties , the Brexit negotiations look good for EU , and Germany still is the largest and most successful country in the union , as such we will see key support of 13,000 tested and if this breaks then a test of the 12,500 . If a coalition government formed in next week then DAX will gain moment and reach 13,500 in early January . However most likely we will see a steady movement above 13,000 , with resistance at 13,300 . good opportunity to go long .
DAX. Possible wave 5 upHello there!
We could have the last wave up.
Risk/Reward is very good as trend's support is just below the price.
Watch white rectangle for targets.
Very clean trend channel without false breaks.
DE30/EUR 1D Chart: Rebound from 55-day SMADE30/EUR 1D Chart: Rebound from 55-day SMA
The index that compiles 30 largest German companies is advancing against the Euro in the long-term rising wedge formation. This pattern started to form two years ago and today consists of two reaction highs and three reaction lows. Consequently, the breakout of the pattern is expected to happen in the Q2 2018.
In the meantime, in the middle of this year the exchange rate started to form new junior ascending channel but due to support provided by the 55-day SMA it began to transform into another rising wedge. As the northern side contains no notable obstacles, the pair is expected to continue climbing to the top, thus ending the year near the 13,600 level. In case of sudden reversal, the above moving average should prevent the pair from making a premature breakout.