DAX(GER30), nuke is coming?I explained the fundamental part in my EURUSD post. Check it out here:
Now, let's talk about the technical part:
At the London opening, we saw significant manipulation downward with a liquidity sweep from the previous day's low (PDL) and other swings. Now, I would love to see an aggressive movement upwards toward the all-time high (ATH), where I'll be looking for a short setup. However, if the price closes on the 1-4h time frame with a big fat candle, I won't touch the GER40 (DAX) for a while because there won't be any targets ("sky is the limit") to get liquidity from.
There's one possible scenario: a move into premium after the first market structure (MS) shift today, followed by a second shift (break of structure, BoS). Bearish order flow will be confirmed, with the final target being the 4h fair value gap (FVG).
Germany30short
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DAX40 Will Rise much more HigherAs predicted some time ago
DAX 40 broke 16300
Now....
I have marked the next levels for you
Use proper stop
European stocks rose on Thursday, and Germany's DAX 40 index climbed nearly 1% to touch its highest level since January 2022, driven by the optimism surrounding the potential breakthrough in US debt ceiling talks, with expectations that a resolution could be reached as early as the upcoming weekend. In notable corporate news, Deutsche Bank reached an agreement to pay $75 million to settle a lawsuit filed by women who alleged they were victims of abuse by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. Meanwhile, luxury fashion brand Burberry reported a notable 16% increase in Q4 comparable store sales, while Royal Mail posted an annual adjusted operating loss of £419 million, which surpassed market expectations. Additionally, telecommunications company BT Group announced plans for up to 55,000 job cuts, despite reporting a 5% rise in full-year adjusted core earnings.
High Energy Prices a Threat to German industry 🥨🦝German industry weakens as high energy prices are leaving their mark on production costs.
German industry is clearly suffering from disrupted supply chains on the back of the war in Ukraine, the aftermath of pre-summer lockdowns in China, low water levels in the main rivers and increasingly, higher energy prices. The statistical office released additional data showing that production in the energy-intensive industrial segments declined by more than the broader industry (-1.9% year-on-year). Production in this area has dropped by 6.9% since February 2022.
For Germany’s industrial backbone, small and medium-sized enterprises, higher energy prices look like a ticking time bomb. With ongoing pressure on consumers’ disposable incomes, companies’ pricing power is fading. In this regard, it is remarkable that the government’s third relief package presented on Sunday provided only very limited support for this segment of the economy.
Looking ahead, shrinking order books since the start of the Ukraine war, the well-known supply chain problems (both international and domestic) plus high uncertainty, high energy and commodity prices and potential energy supply disruptions will not make life any easier. Judging from the first macro data for the third quarter, the German economy has not fallen off a cliff at the start of the third quarter but is rather sliding into recession.
One thing that could reverse the course of a major correction could only be the end of the crisis/war in Ukraine. For the time being that scenario is not likely while the new Prime minister in the UK may add to the worries. Will share more thoughts on this in the next coming days.
One Love,
The FXPROFESSOR
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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DE30: Are you considering to short this one ?This one is approaching a very critical zone where 2 trendlines meet in a point. This gives us a chance to think about a sell since we have so many resistances. Will it go as we are looking, time will tell !
DE30germany market hows looking like my analysis.. big sell but long time. if corona virus effect then chart may can go like my analysis..
Germany short positionIt's been a long while but im back :)
Spotted some short opportunity. Leaving it for a lil while, let's see how thi trade rolls :)
Germany short positionMonday opened on an uptrend, so taking the chance to cash in some pips. Let's see how this day rolls :)
GERMANY 30 bearish opportunityGermany had a relatively low value before the market closed last week. Fed Fake out has been causing a lil stir in the market, hoping to cash in some pips with this volatile Monday market. let's see how this day rolls :)
sell #dax 12402 and TP1=12285 and TP2=12187 sell #dax 12402 and TP1=12285 take half of your gain and try to go to fill the gap on TP2=12187 ,also when u are around 12250 made a SL at 1290 like that if he up u are safe and with gain #dax30 #germany30 #dowjones #nasdaq #cac40 #sp500 #usdjpy
overbought
for china us trade talks i am sure e are on buy THE RUMOUR AND SELL THE NEWS