Daxforecast
Dax30- time to sell?After reaching my 11500 target, the German index had a false break under support and reversed.
Now is trading exactly in resistance (12500) which is also the neck-line support of H&S.
A new leg down is probable from this point and also we can have a great R:R if the index is retesting 11500 zone
DAX30 - UpdatedVery volatile last 48 hours because of US elections. US indices rose massively and DAX followed.
Fundamental is stronger than technical but now we will gradually see technical analysis take over again.
Find on our chart the next resistance level and remember to trade carefully these days.
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.
Dax30- Where to short it?My 11500 target was hit and now the German index is consolidating just above this support.
A correction from this point is not out of the question but with EU imminent lockdown I expect this to be short-lived and a new leg down is just around the corner.
12k zone is a great place to sell Dax30 and a target of 10k for swing traders is very probable
Dax30- Next station 11500?Since the beginning of July, Dax30 is consolidating(distribution in my opinion) in a timid H&S (timid because you can barely distinguish the head from the shoulders)
Now the price is at neck-line support and in case of a break the next target is 11500
Look to sell rallies or sell the break
DAX - Monthly; Massive SHORT, long term.Although accounting for a ~+2% currency advantage over US indexes and for an annual +5%-6% equity (stocks) advantage over US stocks, in general,
all that means is that the DAX will sink somewhat slower/less than it's US counterparts. E.g. one should sell this - SHORT -, freely here, as well.
GER30, what's going on for DAX?The uptrend trendline needs to be definitively broken to consider a long-time short entry.
Retest could be on 128500 Area.
Otherwise (the most valuable scenario), the price will touch 13300 area again.
We will short it.
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Trading Kitchen
Dax30- Rising wedge warns of o possible correctionUnlike American Indices, Dax did not made a new high on this previous leg of euphoria, and from June, the rise is forming a rising wedge.
This should be a signal for bulls that the optimism will come to an end soon and at least a correction is near.
I would pay attention to price action under 13k zone and be prepared for a medium-term sell trade
DAX: possibile long Let's 13080 level been broken on DAX to consider a long entry
Entry: 12934
SL: 12841
TP: 13028
DAX30 Hello Traders,
if you agree with my ideas put a like and feel free leave a comment to link your trading ideas.
Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data.
For informations feel free to contact me.
Thanks for your support and let me know what you think!
FDAX1! - Forecast - 19/08/2020FDAX1! - Forecast - 19/08/2020
SHORT FDAX1!
ENTRY LEVEL 1 @ 12860
SL @ 12956
TP @ 12560 RR3.12
Risk 1%
ENTRY LEVEL 2 @ 12882
SL @ 12956
TP @ 12560 RR4.35
Risk 0.5%
ENTRY LEVEL 3 @ 12925
SL @ 12956
TP @ 12560 RR11.77
Risk 0.5%
FDAX1! - Forecast - 18/08/2020 (following 17/08 forecast)SHORT FDAX1!
ENTRY LEVEL 1 @ 12923
SL @ 12990
TP @ 12550 RR5.56
Risk 0.5%
ENTRY LEVEL 2 @ 12948
SL @ 12990
TP @ 12550 RR9.47
Risk 0.5%
ENTRY LEVEL 3 @ 12964
SL @ 12990
TP @ 12550 RR15.92
Risk 0.5%
(SELL ORDER ACTIVE 17/08/2020 :
ENTRY LEVEL 1
ENTRY LEVEL 2)
DaxHello traders, here is the analysis from our team :
we like the 12880 be taken out first.
then buy up.
buy up : 12880
tp#1 12883
tp#2 12885
tp#3 12893
stop: 12867
Let us know in the comment section below if you have any questions.😉
FDAX1! - Forecast - 17/08/2020SHORT FDAX1!
ENTRY LEVEL 1 @ 12923
SL @ 12990
TP @ 12550 RR5.56
Risk 0.5%
ENTRY LEVEL 2 @ 12948
SL @ 12990
TP @ 12550 RR9.47
Risk 0.5%
ENTRY LEVEL 3 @ 12964
SL @ 12990
TP @ 12550 RR15.92
Risk 0.5%
DaxHello traders, here is the analysis from our team :
our buy: 12981
our target: 13100
our stop: 12862
Note* We will start to look at 1300 on to take profit with money management.
Let us know in the comment section below if you have any questions.😉
our buy: 12981
our target: 13100
our stop: 12862
GER 30 German Dax Long but Support Lines Must hold WatchHello to all watching my charts,
Here my view of the German DAX
Still Long but Long in Risk , cause Support Line RED Must hold
at the end of 30 MIN Turns. Watch out.
Good trades.
If you want to support my work, please like them
My analyes here are all NOT a request to buy or sell
seomething. Allways do you own research.
Renkotrade
Does DAX afraid of the second wave of the pandemic?The index broke the short-term rising channel, with the rise of the second wave sounds in Europe. Although countries do not want to close their economies, this risk seems to exist for investors.
In this case, in the positive scenarios for the index, the pre-pandemic peak may be the bullish target, whereas, in the fall, it can return to the fib 0,618 level it passes quickly.
Only personal opinions and ideas. Does not include "Legal Investment Advice"...
DAX(DE30) it gives us good opportunity I expect the bullish trend to start for Dax, but as I drew by using fibonacci circles, we are in the downtrend right now, and the bottom of this channel will support the area I show with the green box, our target will be 13297 when the resistance zone that I marked with the red box is broken.
Please support by liking and do your own ideas as a comment
DAX30 watch the 10,000 Level DAX looks bearish to complete the correction, overall trend is UP, watch the 10,000 level
The DAX's in critique point and we must wait for the bake We are in a very important point that can reverse the market,
Please share with me your thoughts,
kind regards,
