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Daxshort

Dax daily: 18 Jul 2019 Yesterday's session was exemplary from the price action point of view. The descending trend line functioned as a resistance and the price bounced off that level. Bears were aggressive enough to create a strong momentum, pushing Dax lower till the session end. This strongly negative day was closed at 12 294. Important zones Resistance: 12 293, trend line Support: 12 189 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis This morning, Dax opened with a descending gap which is sized 94 points. No surprise that yesterday's bearish momentum prevailed and the priced gapped in the same direction. The probability of closing the gap today is relatively small. Although the price dropped down to touch the support zone of 12 189, it doesn't necessarily mean Dax can't continue even lower. We estimate the initial correction of yesterday's downfall followed by another bearish action.
EUREX:FDAX1!Short
by FTMO
Dax daily: 26 Jun 2019 We welcome all to a mid-week analysis. The support level at 12 191 we mentioned yesterday functioned perfectly as this was retested right after the open. Contrary, the resistance zone of 12 230 didn't have much significance. Dax found some bearish pressures at a higher price of 12 266 and following was a downside move to a very near intra-day low. Important zones Resistance: 12 282 Support: 12 120, 12 049 Statistics for today Detailed statistics in the Statistical Application The statistical probability for breaking yesterday's low is 83% Macroeconomic releases NIL Today's session hypothesis For today, our major key for establishing the price projection is the high statistical probability for the breakout of yesterday's low. Hence all sell positions have a clearly defined target. Another target to keep an eye on is the support level around 12 120 where we hope to find some buyers.
EUREX:FDAX1!Short
by FTMO
Dax daily: 17 Jun 2019Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in this range. Important zones Resistance: 12 148 Support: 11 987 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 19:00 CEST – ECB President Draghi Speaks Today’s session hypothesis The gap has already been closed so we’re short of one daily target. If we find bearish momentum, the price could head lower to retest the weaker support at 11 987. Talking about higher levels, there is one weaker resistance level at 12 148, however, if the price gets all the way there, it is likely Dax will retest the Friday’s high and the zone of 12 200.
EUREX:FDAX1!
by FTMO
Dax daily: 30 May 2019 Bearish momentum continued yet for another day in a row. After the open, Dax took a south direction and the price reached the support level of 11 861 without any problem. This level was retested a couple of times before the price eventually closed there. Yesterday’s price action took us to the low formed on 01 April. Important zones Resistance: 11 986, 12 063 Support: 11 861, 11 827 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing the gap is 69% The statistical probability of breaking yesterday’s low is 96% Macroeconomic releases NIL Today’s session hypothesis Although the trading is limited today in many countries due to the public holiday and Eurex is partially closed, Dax market is open as normal. For today, we have quite some interesting leads given by the Statistical application. The most important is the probability of 96% to break yesterday’s low and this could signify further downfalls. When we look at the chart from a longer time perspective, there is a lot of room for sellers after breaking the 11 861 barrier. As of now, this level functions well and holding the price. Let’s keep a sharp eye on how this situation evolves.
EUREX:FDAX1!Short
by FTMO
DAX Chart 1 HR 30.04.2019 13:0 German time Hello to all watching my charts. Dax moved out from the long channel and is now drifting sideways. In my view no time to act at the moment in long or short direction. On the sownside to short there is support at around 12260 (blue lower line) If it breaks that also its short time in m< view. On the upside the next barrier resistance is 12350 aerea. (blue upper line ) If Dax will breake these level maybe Dax can move up in the long channel again and its time for a procyle action long. Best is to wait what will happen. Good trades
TVC:DEU40
by Renkotrade
SHORT DAX approaching resistance, a further drop could occur!DAX is approaching our first resistance at 11778.68 (Horizontal pullback resistance, 50% fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (horizontal pullback support, 61.8% fibonacci extension , 50% fibonacci retracement ). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
XETR:DAXShort
by FlowState