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Dax30short

DAX DAILY SHORT SWING TRADEDAX is hitting a powerful resistance level which has seen recency, strength & frequency since summer 2020. Double top showing on the 240 chart with a possible red kicker candle. Do choose your entry reasoning wisely & always manage your risk. We could see a failure on positive covid vaccine news, but interest in that could wane sharply as we saw recently. S.L. 13520.6 Entry 13270.7 Take Profit 11721.2 Risk Reward = 6.2/1 (or 2.73/1 for conservative trades).
WHSELFINVEST:GERMANY40CFDShort
by JayStieren
DAX30 - Short into 2021 updateWhy are we selling? Updates in bold Price is expensive and volatile - during the election process in the US, the worlds relationships are affected The election is coming closer <8 days. The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers. The stocks have recovered well from a V - shaped recovery, but the Gap fill has not occurred. Covid 19 - second wave has concerned EU governements - with further pumping of money to "control" the costs of job losses and curb closures. We have established a great supply or essentially a strongly overvalued market again in quick succession, however price will be giving some good areas to sell. Germany light lockdown - retail investors were shook and banks covered positions, curfew in Paris, Italian local regions. UK tear 3, northern regions, London tier 2. Particularly a break of 13,000 down to 10,000 and beyond for an extension.- good confirmation now to possibly break the range 13,000 - 12,000 Pay close attention to the markets like CAC, IBEX FTSE MIB and FTSE UK - all are showing signs of weakness and poor price action. - pay attention The monthly shows us a perfect area which we are currently in to go short. Keep your average price consistent when closing out profits or losses - this is important in trade management. We are not selling at random times, there is a reason for this at specific levels. Because the market shows these levels. The trade we will be taking is the least path of resistance. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
XETR:DAXShort
by LupaCapital
DAX30 Intraday Setup.GER30 - Intraday - We look to Sell a break of 13028 (stop at 13151) We are trading at overbought extremes. We have a Gap open at Monday from 12478 to 12668. A higher correction is expected. Rallies should be capped by yesterday's high. We look for a temporary move lower. Short term MACD has turned negative. With signals for sentiment at overbought extremes, the rally could not be extended. Price action has formed a bearish ending wedge formation. Our profit targets will be 12669 and 12542 Resistance: 13200 / 13300 / 13450 Support: 13090 / 12950 / 12700
DShort
by Signal_Centre1
DE30 Intraday Setup.GER30 - Intraday - We look to Sell a break of 12288 (stop at 12404) Short term MACD has turned negative. We expect an initial move higher to fail and look to set shorts on a break back through 12300. Our outlook is bearish. 200-hour EMA is at 12324. Bearish divergence is expected to cap gains. Broken out of the wedge to the downside. The bias is to break to the downside. Higher correction is expected. Our profit targets will be 11941 and 11806 Resistance: 12500 / 12600 / 12700 Support: 12400 / 12300 / 12100
DShort
by Signal_Centre1
DAX with major confluenceThe market is currently at a strong area of resistance which closed with a shooting start candlestick formation and has tested the area multiple times in the past 24 hours which is a good indication that the market could possibly turn around. The MACD shows along with the ADX and DI show that the bullish trend has weakened coupled with it being on a 61.8% Fibonacci retracement level. These three tools create confluence, a good entry would be a break of the trend line and a retest of the 61,8 fib.
DShort
by Alex-kamunga
DAX30- We did it again! (Dropped right on our resistance)FIRST~: PLEASE CHECK YESTERDAY'S IDEA So, the chart never lies: the resistance level we had calculated acted perfectly , as the price dropped as soon as it was checked. Our stop loss is now at entry point and we are expecting to see (hopefully) the drop further down. Most importantly: DO YOU HAVE A TRADING STRATEGY? Drawing a chart is part of the success but the most important element of trading is to have a Strategy that works. How did we trade this? Well we had a first sell position from last month, opened a second one yesterday earlier in the day and a third one when the price went to the resistance and a compounded 4th position after it started dropping. Right now our risk is ZERO and the potential for a profit is huge, as if it drops we will take profit 4 times.
XETR:DAXShort
by FX_Professor
6
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 11428 (stop at 11521) Posted a bearish Flag formation. A break of 11450 is needed to confirm the outlook. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Our outlook is bearish. Trades at the lowest level in 18 weeks. We look for losses to be extended today. Trend line resistance is located at 11640. We can see no technical reason for a change of trend. Our profit targets will be 11151 and 11081 Resistance: 11700 / 11800 / 11950 Support: 11550 / 11450 / 11300
DShort
by Signal_Centre1