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Dax40

Dax, failled bull breakout.DAX / 1D : Dax, failled bull breakout. Hello traders, welcome back to another market breakdown. In this analysis, I'll lay down the arguments for bulls and bears and let you take your bet. As a recap of the last analysis shared on the daily chart, I mentioned that Bulls will try to make a breakout but most of the breakouts fail, the first target for bulls was 14700 (second leg up) , which was achieved. However, as strong as the bulls looked at the time, sellers reversed them with even a strong bear bars closing at their lows. Bears see: 1- Double top, and break bellow the neckline. This would most likely lead to a measured move down. 2- They see also a low and a lower high on the monthly chart, so, they will be looking for a breakout bellow March low aiming for the second leg down as a target. 3- short term sellers see that bulls made money buying around the 12600 level so they might sell more till they get there. Bulls see: 1-Strong breakout from the trend line, looking for the price to make a higher low or the traders who sold lower to get out at breakeven so they will buy more scaling in their positions betting on a trading range. 2- Some bulls will prefer to stay out till the price reaches the bottom of the trading range. It's more likely the bears will reach their first target lower. However, traders should be aware that the FTSE chart is also timed with DAX chart, based on how the prices moving, it's more likely for bulls to show up strong once the FTSE arrives to the next key level. Trade safe, Trader Leo.
PEPPERSTONE:GER40
by Leo-btm
5
Jamie Gun2Head - Selling Dax AGAIN!!!Trade Idea: Selling Dax (again) Reasoning: At key resistance level - looking for a move lower, MACD divergence !! Entry Level: 14546 Take Profit Level: 14290 Stop Loss: 14644 Risk/Reward: 2.61:1 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.
FOREXCOM:GER40Short
by Signal_Centre
DAX40: DOWNTREND | NEW BEARISH IMPULSE | SHORT SETUP 📈Hello Everyone, INDEX INSIDERS here! I hope you'll Appreciate our Price action Analysis! Our strategy is based on price action Analysis in conjunction with Fundamentals News, Insiders Events, and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE Insiders IDEAs! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box. We will be glad about this. Cheers!
DShort
by INDEX_INSIDERS