Joe Gun2Head Trade - Lower prices expected on DAXTrade Idea: Lower prices expected on DAX
Reasoning: Choppy price action this morning, fading gains
Entry Level: 13620
Take Profit Level: 12965
Stop Loss: 13708
Risk/Reward: 7.41:1
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Germany30
DE30 9th MAY 2022Berlin had previously hoped for a solid recovery in 2022 as the effects of the coronavirus pandemic began to mitigate.
Energy prices, in particular, have "skyrocketed" since the outbreak of the war, forcing the first German companies to take drastic actions, such as idling power plants, while consumers face high electricity prices. It has been. Germany, which relies heavily on Russia's energy, also faced the real threat of a gas supply disruption.
DE30 5th MAY 2022
DE30 19th APRIL 2022
GER30 24HR 4HR 1HR FRACTALdiving into the time frames helps increase probability of a trade success. Conclusion from GER30 is don't expect major upside potential in the short term.... Targeting the ADR low
DAX SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on DAX as price takes out weekly highs liquidity, we have a strong parabolic move without a clear correction move and i think price should retrace from there. Also we have a lot of bullish imbalances that price should fill asap.
What do you think ? Comment below..
GER40 Sell a break of yesterday low.GER40 - Intraday - We look to Sell a break of 14319 (stop at 14401)
Short term bias has turned negative.
A break of yesterdays low would confirm bearish momentum.
A lower correction is expected.
Short term momentum is bearish.
Our profit targets will be 14121 and 14081
Resistance: 14500 / 14600 / 14700
Support: 14250 / 14180 / 14100
DAX LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on DAX as price takes out the weekly lows liquidity + old lows sell side liquidity. Price filled the D1 imbalance and takes out stops below 14.000 institutional figure, if we will see a bullish closure on the H4 with this ,,hammer,, candlestick there is a high probability of the DAX going higher alligned with the US STOCK MARKET correlation that should rise.
What do you think ? Comment below..
GERM30 UPDATE Since GERM broke the key level of structure to the downside has finally bounced and began to make a retracement - if we drop to LTF we can see how the retracement is in the form of this rising wedge and looks as though bears are still very much in control due to the weakness of the retracement move. Looking for more downside on this one but first i would like to see a push above them micro highs to stop early shorts and induce bulls into the market.
DAX analysis| 1D Timeframe• The Dex index, like other indices, was under the influence of the omicron warning fundamentals as well as the central bank interest rate change policies, which have already made a good recovery price.
• But there is still a strong risk of Omicron virus in the market, and this can be seen from the low volume of price transactions at the time of recovery. Which will probably increase the price drop and further correction.
• If the price can exceed 16050, we will see the continuation of the upward movement of this index to 16700.
DE40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 15851 (stop at 15769)
Daily signals are mildly bullish.
A break of yesterdays high would confirm bullish momentum.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 16097 and 16127
Resistance: 15800 / 15850 / 15900
Support: 15700 / 15650 / 15600
DAX May Breakthrough Record Highs on New Government PolicyOlaf Scholz, a former German finance minister, took over as the new German chancellor on Wednesday replacing Angela Merkel’s Christian Democrats who ruled for the last 16 years. He was approved by the Bundestag, a German parliament, with 395 votes out of 736.
The major German DAX stock index reacted calmly with a slight correction of 0.4% on Wednesday afternoon after a steep rise on Tuesday by 2.8%.
Mr. Scholz is known for his sterling reputation as a competent executive and a professional. He is a strong advocate for supporting business and supported the billions that went towards the government aid package during the pandemic. The new German government has many plans in the pipeline including “green” energy expansion. Robert Habeck, the first-ever Green minister within the economy, has said that climate protection would lead Germany towards greater support of SME’s, renewable energy, and the expansion of the country’s aging electricity grid. Annalena Baerbock, a Green party co-leader who will become the first woman German foreign minister, has signaled a more assertive stance towards China and Russia, putting respect for human rights and the rule of law at the center of German diplomacy.
Germany as a country and its policies will certainly go through transformations. But the scale of such changes is hard to envision right now. As for the German stock market, it has clearly been signaling sideway dynamics since April 2021. Even the DAX’s new record in November at 16,920.19 points has not changed this nine-month trend.
Technically, a triangle uncertainty pattern is forming in the German stock market with a support for the DAX index at 14,830-14,870 points and an upward-sideling resistance that is crossing the 16,300-16,330 landmark. Sooner or later the DAX index will leave the pattern with a likely upside spike. This must be confirmed as the current triangle pattern suggests uncertainty. In case of an upside swing, the growth potential of the pattern is within 1400-1450 points or 9%, which means a target of 17,800 points.
Alternatively, if the index drops below the support at 14,830-14,870 points, we may have a downward correction to 13,400-13,500 points.