Germany30
RISING WEDGE NEAR 2 YEARS HIGH ON GERMAN DAXThe German DAX slowly ascends the rising wedge which typically results in a downward breakout. We also see loss of momentum on the RSI. (Bearish Divergence) This could lead to a pullback before we may see a retest of April 2015 Highs.
Trade your plan
DAX LongTime Trading IdeaThis are my DAX Sell zones.
I think that we cant go over 124xx+ thats why i will get some big short around 12400.
For MidTerm its possible that we fall under 12000 to 11930 (possible are 11835 and 11483 to).
For ShortTerm you can look my current analyse.
DAX shorting near 12000 with two take profitsBad data from Germany, could drop the index, tomorrow the most important data is German Industrial Production (MoM) (Jan)
DAX - High profitStarted correction on dax with a negative open gap and in addition a negative RSI.
Strong correction from a very high point.
First TP is 1/3 FIB
Dax- Gap Still OpenThere is still an open gap on the dax which must be closed.
The mid trend shows the movement.
RSI is still Negative which indicates a correction coming up.
MA100 is also far.
working the 12000 mark The dax has been retesting the 12000 mark in the wawe of usd growth following trump speach before the congress . That the Pivot point beetween making new high and confirming the uptrend or it s going to range for a while and then going back down . Seeing the dax working this level would make belive that something its going to decide for it's faith , either way , anyway for our type of analisis beetwen market , these market is interesesting , seing how it open will be very interessing . IF the market decide to range , it would for very nice scalping type of market , for scalping and intraday directional strategie .
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Maybe sell DAXMaybe Libra pattern.
Sell DAX
Target on the chart
Test upper border violet channel - target 1
DAX Germany30 SHORTHey Guys,
im going short in the DAX.
My stop is above 12.000 target in the painted are. Its about 2:1 Ratio.
On the monthly Chart I believe to see very bearish candles. The hype of the last months is gone. There is some serious political uncerntainty in EU.
