DAX40 Crash - Short Signal - Swing TradingDAX40 is about to crash. A BIG short trade is pending its turn.
Germany40 Index (GER40, GRXEUR, GER30) is trapped in a Bearish stance.
Fundamentally, many things are against a Bull-Market at these times, but I mentioned that in my VIX spike idea.
From a Technical Analysis standpoint, well, the picture is much clearer.
Technicals:
* A-B-C Elliott Wave Sequence
* Running Flat Pattern
* Bearish Harmonic: Cypher Pattern
* Fractal Pattern: May-Dec '18 Sequence
* Reversed Bearish Divergence
* Bearish Divergence
* Descending Channel
* 61.8% Fibonacci Retracements of Primary A (red)
* 88.6% Fibonacci Retracements of Intermediate (B) (white)
* 100% Fibonacci Extensions of Intermediates (A) & (B) (white)
Expected Outcome:
* Powerful Bearish Impulse in Primary C (red).
Trading Signal:
* Entry @ 14550
* SL @ 15800
* TP1 @ 11200
* TP2 @ 9750
* TP1 @ 9000
Safety Measures:
* When in the green, moving stop-loss at break-even.
GRXEUR
DAX testing key area after short covering bounceAfter yesterday’s sell-off, European markets bounced back, lifting US futures with them, ahead of the publication of the US CPI report. The recovery is potentially due to short-covering, but it may also have something to do with UK bond yields coming off the boil a little. There’s some speculation that the Bank of England will be forced to extend its October 14 deadline to end its emergency bond-buying programme.
Despite the recovery, we reckon there is a risk that more losses could follow for EU stocks, as concerns about the health of the global economy continues to intensify.
The German index has accepted to hold below the March (12431) and July (12385) lows, after last week’s recovery lost steam around the 21-day exponential moving average. With the index continuing to make lower lows and lower highs, there is no reason to be positive, despite today’s bounce.
More evidence of a bottom is needed to convince us.
Otherwise, we think that the path of least resistance is still to the downside, and as such one should expect to see more losses.
If we are correct, then the bears’ next big target is the liquidity below last week’s low at 11810.
Joe Gun2Head Trade - More pain for DAX?Trade Idea: Selling DAX
Reasoning: More pain on the German Index? Approaching month end, could we see a fresh flurry of selling?
Entry Level: 11980
Take Profit Level: 11332
Stop Loss: 12201
Risk/Reward: 2.9:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Buying DAX - Highly sepculativeTrade Idea: Buying DAX
Reasoning: Highly speculative buy trade into major support
Entry Level: 12448.5
Take Profit Level: 12920
Stop Loss: 12344.5
Risk/Reward: 4.54:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
GRXEUR Sell the break of yesterday low.GER40 - Intraday - We look to Sell a break of 13029 (stop at 13101)
Short term momentum is bearish.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
A break of the recent low at 13048 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 12861 and 12811
Resistance: 13120 / 13200 / 13300
Support: 13030 / 12900 / 12800
Joe Gun2Head Trade - More downside for DAX?Trade Idea: Selling DAX
Reasoning: Continuation lower
Entry Level: 13107
Take Profit Level: 12435
Stop Loss: 13230
Risk/Reward: 5.45:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - DAX to continue lower?Trade Idea: Selling DAX
Reasoning: Continuation lower
Entry Level: 13224
Take Profit Level: 13032
Stop Loss: 13302
Risk/Reward: 2.49:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Speculative long on DAXTrade Idea: Speculative long on DAX
Reasoning: Finding support on the daily chart
Entry Level: 13414
Take Profit Level: 13790
Stop Loss: 14332
Risk/Reward: 3.03:1
Disclaimer – Signal Centre . Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Fading DAX strengthTrade Idea: Fading DAX strength
Reasoning: Price action stalling at the recent highs
Entry Level: 14249
Take Profit Level: 13874
Stop Loss: 14332
Risk/Reward: 4.48:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Dax to 20.000 points? #dax #dax30 #grxeur #tradingviewDax to 20.000 points #dax #dax30 #grxeur #tradingview
Real economy? What is that?
National debt? Nobody is interested!
Tax losses? ECB helps out!
Basic Law? Is restricted! Who Care's?
pension system? We live in the here and now!
Pension scheme? Shares are devil's stuff, buy government bonds & insurance!
Proportionality of measures? Where no prosecutor, there is no judge!
.....
The social system is in the bucket, the economy is broken, government bonds are worth nothing more. Save yourself who can.
The flight into at present still liquid real assets is in full swing.
If no party on the weekend then at least during the week at the stock exchange.
All-in?
(Remember a Story of my grandmother Rosa (1907 - 1999) and her sister Aunt Ida (1916 -2007) - God rest her soul.
Makes it best like the fox and the wolf that fill up their stomachs at the Farmers cellar.
Eat yes, but test again and again if you still fit enough to come through the cellar window.
At least that's how the fox did it, because when the landlord (farmer) finishes the eating party, the wolf is shot because he has turned to fat, and only the fox fits through the window.
So when the next round is played on the dance floor, we dance along, but always have the cellar door and the cellar window in view.
Greeting from Hannover
Stefan Bode
#Dax - New #AllTimeHighs possible? Dax30 #tradingview #GRXEURHow can we protect ourselves from destructive politics?
Is the next wave of flight from money values to shares, precious metals, cryptos?
The possibility exists, because the minimum correction has been fulfilled and the Dax is reacting and turning north.
Is this the starting signal for the next catastrophe boom?
AIL - All In Long?
Questioning greetings from Hanover, Lower Saxony
Stefan Bode
GRXEUR, A bullish picture!If the price will fall to the Key Level rapidly we can open buy there.
The reasons are:
- bullish trend
- the price is above the Level
- there is a support line also.
The potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
#DAX - Comming Trendchanging? June 19, 2020 #GRXEUR #DAX30Back from my two-day training seminar (trading/investing) and a big applause to the eager participants. It was a lot of fun again, even if it was certainly a lot of input for you and the heads smoked.
You are perfect and you will rock the show in the next months and years.
But now - Mr. Dax.
There are signs of a possible trend reversal and I want to be prepared for it. After 3 months of upward movement, trend is tiring at the moment. If a reversal is established, then there could be a next downmove.
Ideally, we still have some time to position ourselves and to wait for the weekly closing and hopefully the month/quarter closing candle next week. Nevertheless I need a tradingplan.
Currently still on sideline but always be ready to enter the market.
Greetings from Hannover,
Stefan Bode
DAX - Positioning to buy a dip GER30 is Bullish - We look to Buy at 12110
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Trading within a Bullish Channel formation.
▪️ Bespoke support is located at 12110.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 12110, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 11980
Target1: 12575
Target2: 12800
#DAX - June 18, 2020 #DAX30 #GRXEURThe Dax has not yet finished its upmove, but broken out of small triangle with a classic retest. Dax should not touch 12,768 level, so I expect a further downward movement.
Bearish price targets would be 11,763 points and 11,305 points.
For the rest of the tradingplan, the 10,825 points should not be touched again.
Good trading day to you.
Greetings from Hannover
Stefan Bode