Germany30long
Tuesday: DAX - Week 36Hello Traders! Check Related Idea for market context!!
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BFRA Long-Term Targets 200% Potential ProfitsBFRA - Long-Term Targets (50% + Potential Profits)
This chart is setting itself up for long-term growth.
The purpose of this chart is to share with you the long-term targets
Here we are looking at %+ potential profits... after a massive drop
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Thanks a lot for your support.
company info:
BFRA
Biofrontera AG
Healthcare | Biotechnology | Germany
Germany 30 longGermany opened with a deep drop this morning. Only means one thing, it hit my buy level. pushing my profit limit to a slightly higher rate. let's see how this day rolls :)
Germany 30 longWIth this volatile market, cashing in some small but consistent profits and now because of this slight dip, taking advantage to catch this days slight uptrend. Let's see how this day rolls :)
DAX nears all-time highs, next target 14530!The DAX is finally catching up to the rest of the worlds equity markets. It's about 100 points away from the all-time high which is not a big distance for the German Index. The support structure at 13000 held extremely well and the buyers managed to bid the price up from there. The pop came fast and in a matter of days on strong volume. From here we could see a new all-time high fast. The Fib extension level suggests price is going to move into the 14530 area and that would bring the DAX level with other global indices.
This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not liable for any market activity.
DAX continues to show strength, upside to 13800Equity markets have been hitting all-time highs day after day throughout the world throughout the holidays. While the DAX has been somewhat of a lagger and has the potential to break into new highs and beyond based on structure, volume and more.
So far over the holiday season has held up the structure on DAX well suggesting more upside, a new temporary high was hit at 13400 before a slight fail. We could see price into the 13050 level where the impulse started for the next press higher. The support level was rejected well by buyers that came in, so the next move is into the all-time high around 13600. The drops were on weak volume for the retraces, while each rally higher was on strong volume. The bulls have this in the bag and as long economic expansion continues throughout the world then the DAX will strengthen to catch up.
As long as price doesn't break through the support structure on the medium term at 13050 the bull side is the right side, below that level, 12900 has to hold support.
This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not responsible for any market activity.
INDEX: GDAXI Deutsche Borse DAX IndexM timeframe uptrend BULL
W time frame uptrend BULL
200WMA acted as support BULL
PMI German below 50 BEAR
MACD W bulls gaining momentum BULL
RSI value above trendline BULL
FIB retracement acts as support BULL
FIB extension acts as price target BULL
US10Y-US02Y inversion leads to US recession AFTER 2-2.5 years BULL
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A possible movementJust looking at the graphs, maybe the history will repeat one more time ;) Market seems to have one more leap forward before a correction in the first 2 weeks of February.
Last 2 days, we observed a nice upward movement at US stocks, but at the sometime Germany remain weak.
US-China trade talks will be postponed later in the month with a big visit of the president Trump to China. The analysts in China says it would be not possible to reach all goals. I guess it would be partial agreement, maybe some tariffs would be reduced ???? but I believe the further discussions will be ongoing --- this seems a positive information for sometime.
Germany 30 (DAX) Long SetupThis above is the 4H chart of DAX. There is a major support level just below it, as you can see indicated from the chart.
This could be the beginning of a new bullish move. I am also looking at the daily chart and it looks like there could be a possible pin bar in-the-forming.
Check out more in the link below
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.