Dax30
NAS100 [US100] Daily Outlook | July 15Long Term Outlook:
Looking at NAS100 Daily TF, the instrument remains bearish until 12949.00 level is broken. I see a trend-line joining 13500, 12949 and 12175 indicating that price may yet see 11163 area with enough volume .
Short Term Outlook:
a. Market is ranging between 11843 and 11773 zones, 1HR break and closure above 11843 zone could drive price to test 11997 area with partials closure at 11930.66.
b. On the other hand, the break and closure of 1HR price bar below 11773 zone, we may yet see a dip down to 11538 with partials closure at 11625 zone.
Let me know what you think in the comment section.
NOTE: I trade NAS100 live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST
I close 2 trades with massive profits (NAS100 sell and EURUSD sell) during my live streaming yesterday, and all my live audience took advantage of this opportunity to secure good wins.
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-Kings
The dax might continue falling on CPI numbers today.Dax / 1H
Hello traders, welcome back to another market breakdown.
The German Dax index has been trading in a down trend. The price started showing weakness after a pull back.
Please checkout the chart for what I'll be waiting for before opining a swing trade down.
Trade safe,
Trader Leo.
DE30 11th JULY 2022DE 30 is considered a strong measure of German and European economic health.
German regulators put that collapse down to fears for the country's economy in the face of curbs in the supply of Russian gas that underpins industry, said one person with knowledge of the matter. Germany could be opening a bleak chapter. Although it held up better than the euro area as a whole during the pandemic in 2020, its economy did not rebound as strongly as the bloc in 2021 and is expected to lag this year. Globalisation, just-in-time supply chains and cheap energy from Russia - those are things that are changing and they are changing for good.
DAX with a clear bearish trendThe DAX is in a clear bearish trend and there seems little that can support the idea of upside, one bullish thought might be the fact that the EUR is weak and that could help with exports for the German industry, but with inflation being so high globally and supply chains being so disrupted I highly doubt this will help the German industry generate an income since so many of their companies are on the verge of a shutdown...
The image in Germany is not pretty and as it seems we will only continue to face further problems.
Price action is king right? Well if we take a look at this weekly chart all I see is reasons to sell... like... hell!
Constant lower lows since the H&S pattern formed at the ATH, a clear rejection of a reversal at that double top which formed at the end of May and a new weekly low followed right after that rejection.
It seems for now that we are heading towards the 11650 zone for the DAX.
Swing Trading Setup For The DAX 30 – Falling Wedge PatternHi Traders,
Having a look at the DAX30 on the Daily.
We see a potential falling wedge with accompanied divergence across the MACD.
I would like to see a break and retest of this pattern before jumping in.
This is the daily time frame so this would be quite a long swing position.
It's all about patience haha.
Let's see how it plays out.
My target would be previous daily resistance.
Enjoy your Monday!
The Vortex Trader
Joe Gun2Head Trade - DAX Stalling into resistanceTrade Idea: Selling DAX
Reasoning: DAX Stalling into 38.2% Fibonacci resistance
Entry Level: 12866
Take Profit Level: 12616
Stop Loss: 12970
Risk/Reward: 2.43:1
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DAX Will Keep Falling! Sell!
Hello,Traders!
DAX is trading in a downtrend
And the index has been stuck in a range
For quite some time, but we are bearish biased
Thus, after the bearish breakout we will be expecting
The index to go further down
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Easy Trading Setup For The Dax (GER30)- Double TopHi Traders,
Looking at the DAX today.
On the 4-Hour, we see a nice double op that has formed.
The two tops are wicks which shows strong sell movement.
The two wicks are also a lower low in terms of the 4-hour trend.
We also have partial divergence across the histogram of the MACD.
Buyers are weakening.
We have broken below the neck zone and then entered upon a retrace into the neck zone.
My target is previous support around the 12823 price point.
Trade safe out there!
The Vortex Trader
DAX 30 Waiting For An Opportunity To Go LongHi Traders,
Looking at the DAX today.
On the Daily, we see that price has flipped from support to resistance and we are ranging between the
1245 and 1480 price levels.
Dropping down to the 4-hour time frame, we can see that price is descending and broadening out.
We do have divergence across the MACD which helps give a bit of confluence to some potential positive price action occurring in the near to mid-term future.
I don’t typically trade these types of patterns but what I would want to see for me to validate going long is the following :
An impulsive break above the top of the descending trend line
A retrace with low volume to the top of the descending trend line.
My target would be at the daily resistance range level around the 1480 price point.
Let's keep an eye out.
This is purely technical. I only trade what the charts show
Trade safe out there!
The Vortex Trader
DAX Index: Breakout & Bearish Continuation
Hey traders,
As I predicted, DAX index broke and closed below a solid daily demand zone.
The underlined structure turned into resistance now.
I will expect a bearish continuation from that.
Next goal for sellers - 12617
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