#GER30 #DAX #DAXINDEX #Trading Outlook; where are we heading to?Dax has opened on monday morning with a expected pullback Move, but how far will it retrace or will it go sideways?
Daily stoch and daily RSI are telling us since many days that past uprun is running into exhaustion as the oscillators are turning down starting to leave high levels.
We have major key levels that we can easily watch and manage our Risk From without being attached to any economic bias.
On a makro view a possible bullish perspective key level to watch is the major lower trendline. A Break of it would give first insights that makro upward trajectory is totally broken.
But until this happen Dax Index has given us in the past many opportunities to play Fibonacci Retracements to the Upside.
The current Dax Posture tells us not to blindly short the Market it is rather telling us to derisk Any Long Trades and lock in Profits which you might gained during this Year and derisk your Stocks (especially DAX Participants).
Also What gives the Dax a higher probability to go Sideways or decline with a slow pace is that many Dax Stocks have already had their major declines over the past weeks and Months and playing some kind of bounces trying to find buyers but according to current Dax Posture I also would not say that we will not see some lower major german stock prices.
Anyway shorting with prices trading with a rather narrow range to the daily 200EMA and daily 200SMA is not the Trade i am personally looking for.
If you are asking yourself which Fibonacci Retracement Level will be the best to manage your Risk of i can tell you following.
Looking at the daily RSI we are nowhere near any long entries on DAX and personally i am not allocating any eurocent to German Companies at this high Oszillator Levels.
Looking at the past i want to the RSI go back to 0.618 or 0.786 Levels which would go in confluence with chart prices and chart Fibonacci levels around 0.382, 0.5 or even as low as 0.618.
Choose your entries wisely and trade safe!
Daxindex
The dax30 is advancing just as we thoughtA red channel is descending, the trend is completely downward, you can see that the Dax stopped precisely with resistance. Later, it returned to resistance in a short time and again it did not succeed. Now the sellers are taking over.
Entry price: 11980
Stop loss: 12250
Take profit: 11630
Dax daily: 15 May 2019For a change, yesterday’s session was in the hands of buyers. We first found some sellers at the resistance zone of 11 956 and they pushed the Dax some 50 points lower before buyers stepped in. Dax is opening with an ascending gap today.
Important zones
Resistance: 12 139
Support: 11 946
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
11:00 CEST – Eurozone – Flash GDP q/q
Today’s session hypothesis
Today, we expect buyers to continue in the correction with the first target laying at 12 190 and then 12 455 in the following days. The probability of closing the gap is not any high today, but the market structure of the recent days signifies the initial short. We could find some buyers at the support level of 11 964 which we could use as a bounce area to enter into a long position targeting 12 195. Sellers have a possible level of interest around the 12 139 zone.
We are one of the few who predicted these declines #Dax30We can see that on the weekly chart we are still at the beginning of the decline on the Dax in the Stochastic, the weekly trend is a downward trend, after each decline the Dax returns to the rise but each time lower than the previous time.
We continue to recommend a sell signal.
Entry Price: 11960
Stop Loss: 12400
Take profit: 11200
DAX DEU30 SHORT Situation end of 21.03.2019
Hello to all who watch my charts.
In the Dax DEU 30 we have a short situation since yesterday.
As I posted Dax was allowed to fall to the lower line of the Long Channel.
But not below.
Yesterday it dropped significantly below and there is now a short channel formed, which I have marked in purple.
I've simplified the chart image a little and a few insignificant ones
Resistance lines faded out.
Now it looks very clear:
Dax DEU 30 in Long Channel (purple)
and then in a short channel since yesterday (red)
What happened:
In addition to the unexpectedly bearish Fed meeting, we also have some special features to note in the Dax DEU 30:
1. A big weakness of Bayer
2. A new fainting of the auto stocks, there are the quarreling
E Mobility is not as easy to master as previously thought. In addition, declining expectations.
All this together has now become the Dax DEU30 from an outperformer index days ago to an underperformer index.
We have to hold that for now.
Now Dax can slowly move back and forth in Short Kabal or fall directly to the nearest support at 11420.
For rising prices, I currently see no beginning,
If a new long opportunity should start, Dax would first have to get out of the short channel.
Then we should re-evaluate the situation
Dax 30 Index Analysis+SignalWe see in the graph above some points that strengthen our opinion about Sell position:
1. According to the Ichimoku Indicator, we are totally bearish as we are under the cloud and the blue line above the red line in W1
2. we can see that we are in a bearish channel with lower points each time and right now we are in the resistance
3. As soon as the price touched the moving average 100 he did not manage to cross it and it caused a drop
Sell Dax
Entry Price: 11230
Stop Loss: 11410
Take Profit: 10550
DAX INDEX 30 Short Signals!We are currently on very serious and important resistance that will determine the direction of the DAX for the coming days, According to Ichimoku indicator we are still in a downward trend, despite recent increases!
And we are also on the resistance of the Fibonacci retracement (23.6) Which means continue to move in the original direction.
For all the reasons are written above we recommend entering a sell position
Sell DAX
Entry Price: 11186
Take Profit: 10508
Stop Loss: 11540
DAX without supports?Perhaps, Merkel has more problems than immigration policies. However, one of the best by far.
You know I like to keep lines and the old projections on the same chart, so this time is not the exception.
Remember, I do not like to trade this asset.
Statistic:
1.43% down.
Here's the last idea for DAX.
Learn how to beat the market as Professional Trader with an ex-insider!
Have a Nice Trading Week!
Cream Live Trading, Best Regards!
Dax buy opportunity if trend holds otherwise danger ahead !This is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy points. Recently, the trendline was testet again on fears of a Trade War with China, Brexit and Italian Credit, which presents a buying opportunity als long the support trendline stays intact. Otherwise danger ahead, because of a huge rising wedge pattern of a historical size.
Dax buy opportunity if trend holds otherwise danger aheadThis is a long term chart of the German Stock Index Dax. The upper trendline was established at the pre Financial Crisis peak in 2007 and later at the peaks of 2015 and 2017. This were good selling points. The lower support trendline is giving support since the Creek Dept Default Crisis in 2011 and fears of a China Slow Down in early 2016. This were good buy points. Recently, the trendline was testet again on fears of a Trade War with China, Brexit and Italian Credit, which presents a buying opportunity als long the support trendline stays intact. Otherwise danger ahead, because of a huge rising wedge pattern of a historical size.
IT'S NOT LOOKING GOOD FOR EUROPEAN STOCKS!Hey guys! So today I'm taking a look at the European market, more precisely the German stock market and this is not looking so good now. Since Germany is the economic power of Europe, we can rely on this index (DAX) to know what's up with the European stock market. After the Dow Jones index or the S&P 500 index, my favorite one to take a look at the western markets is this one and we can see on the chart that German stock market is in trouble right now. First, the price is way below it's 200 daily moving average (green line) which is a very bearish signal. Second, we can see a clear big Head & Shoulder who is almost completed. If we break this H&S downside, all the European stock market will see a lot of downside action and this could/will affect the American stock market which is struggling too with it's 200 daily moving average.
So... To be clear, the German stock market is really important to watch at the moment. The next few weeks could be decisive between a long bear market in Europe, USA and all over the world or just a casual correction.
Stay tuned for more updates guys,
Fred