Germany30
DAX NFP MOVEToday we have the big NFP event again.
With US elections coming, more and more signs of a rate hike coming soon, Brexit and other fears in the market (like a potential new banking crisis), today's NFP could push the markets into bear modus.
Either if the number beats expectations (225K or more), which means rate hike can be incoming soon, or the number is lower than expected (below 150k), which means the economy is failing, I believe the move of the markets will be down.
There is only one IF, that is IF the markets push much lower before NFP release, this could be trickery.
Key Levels DAX:
- 10800 Prepare to short
- 10250 Prepare to long
- 10400-10420 1st Target short
- 10360 2nd Target short
Dax: Bullish SetupWith price creating a small pullback after Fridays bullish move we can see that "Dax" is potentially heading towards previous highs at "10700"
This trade is a simple intraday move and was triggered due to price action, a break and retest creating higher highs and lows.
Why i am long Indices in Early October30/09/16:
Db just had a huge correction forcing Germany or ECB to step in pritty soon.
With this burden on an all time low its less to bother about for indices.
Sure if db crashes then you can say goodbye to this entire plan, but probably many plans will be garbage then.
And does the world really need a new financial crash?
I dont think so...
We recently had an opec deal to cut output, personally i am sceptical due to non opec producers beeing able to pick up the pace with higher prices so this may put some downward pressure into the upcoming month.
Last we have the us stock exchanges who are all near ath's and keep hovering around that zone with no immediate new problems to be sighted (excluding wells fargo perhaps) in usa i dont expect usa indices to put much pressure into european indices into early october.
Given the current aex price (also dax and other european indices) i am prity sure to open calls on eu indices with a targetdate of a few weeks.
Check in on the other charts as well i'll comment for a zoomed vieuw.
FDAX - Trading range for 30/9/2016Expecting FDAX (GER30 Index) to range between 10315.0 and 10115.0.
Short @ 10315.0 with 20 point Stop and 40-60 point target.
Long @ 10115.0 with 20 point Stop and 40-60 point target.
The above numbers are for the "Futures" FDAX Dec 2016 contract.
DAX - 30Long time i think about DAX . I see one Global chanel(BLUE) and smaller channel (YELLOW). In all channels shall be downward movement.
DAXAfter GER-30 drop touch level 38.2% and now need go to level 61.8%
Today Mario Dragi will talk about good European economy. And we will see consolidation
DAXWorking with fibonacci
61.8 (10577) strong correction level
78.6 (10660) very strong correction level
GER30 / DAX - LONG1) BEARISH CHANNEL BREAK
2) New Bullish Channel with strong HH & HL'S
3)MAJOR KEY LEVELS AND RESISTANCE AT 1052
4) Currently holding at a major 4hr support zone
& more..
Expecting price to rally back up to 1065 which is also another key level
Leave a comment, like and share.
DAXGER already start goind down but not so strong. Next two weeks i think we go more down.
Have good profit dear traders.
DAXGood move this morging. I still look down. But after speech Mario Dragi DAX can go up.
If you dont want lose your money every time open positions with STOP LOSE
DAX GAMEPLAN FOR COMING DAYSToday's price action suggests that we will visit 1330-1300 area. Happy trading. This is the range until we break lower/higher.
GER30 Trading Idea Price bounced from the support level and MA20. RSI confirms price reversal and MACD gives a signal for opening long trades above 10580 with target near 11000. Stop order should be placed below the support level. If ADX starts rising, it will be good confirmation of up movement.
Daily Outside Bar just below the PRZ of a Gartley The German DAX continues to consolidate just below the PRZ of weekly bearish Gartley pattern.
Today, after Draghi's ECB press conference, the German Index formed a daily Outside Bar that will be triggered if the price will decline below 10,600
For now, the Fast MA line (in yellow) continues to play its support role and drives the price higher every time it touches it.
When it'll fail, it'll be the trigger for a pullback towards 10,000 again (with 10,350-10,400 as mid Target) to test the strong weekly support there.
