De30
DAX - Fading gainsWe look to Sell at 13305
The medium term bias remains bullish.
Price action has formed an expanding wedge formation.
We have a 78.6% Fibonacci pullback level of 13307 from 13380 to 13040.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected and we prefer to set shorts in early trade.
Expect trading to remain mixed and volatile.
Stop: 13355
Target 1: 13070
Target 2: 12900
#DAX is the Pullback coming this Week? #DE30EUR #GER30 The German Stock Index had a phenomenal uprise since the break of resistance around 12475, but at some time every Party has to at least close for a few hours to clean up the mess.
German Stocks where pushing strongs with gains about 10% - 20% across the board and the whole market has positioned itself in overbought territory where Profit taking will come into play to start some kind of Pullback.
Positioning your Risk Management with much breathing room above 12950 gives you a good Risk-Reward Setup to place yourself in the bearish Pullback Camp.
Pullback Targets
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1. Target: 12620 / Retest of Daily 20-EMA / 0.236 Fib Retracement
2. Target: 12450 / Retest of Daily 26 or even 50-EMA / 0.382 - 0.5 Retracement
Daily Stochastic is still in the Bullish Control Zone which did not gave you any Signal to be overall bearish on the Daily Chart and the Daily RSI is above 65 with a huge divergence from the EMA
Have your stops in place and trade safe!
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www.etoro.com
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#DAX #DAXPERFORMANCE #DAXTRADING #TECHNICALANALYSIS #GER30 #DE30 $DAX $GER30 $DE30 #GERMANINDEX #DEUTSCHERAKTIENINDEX #DE30EUR
Dax shortLast time I shared DAx idea, it didn't go well, but I found that I wasn't seeing one inverted H&S pattern. In this idea there is inverted H&S and its TP have been reached and we also have reached top of the rising wedge.
So if DAX breaks bottom line of it then down to red line and maybe to the yellow line too, but will see.
I attach link to my MT4 chart whithout GAPS.
Link: ibb.co
Pluss I have small telegram chat where post instant updates for my charts: t.me
Un es esmu forex traderris no Latvijas un mekleju biedrus, kas butu ar mieru pievienoties citai telegram grupai, kur varetu mainities tirdzniedzibas idejam.
Links uz grupu: t.me
#DAX #GER30 #DE30 dont jump into it to early$GER30 #DAX #GER30 #DE30 dont jump into it to early
DAX has risen the past weeks bouncing of 11275 Support and is getting into Resistance Zone were some kind of Pullback is expected.
What we dont want to do is to jump in any DAX Trade without a proper Risk Management Plan because we dont want to get caught between some Ranges maybe forcing us out of our trade.
Daily Stochastic in Bullish Control Zone and not crossed down yet, Daily EMA still room to Go, Waiting for a healthy pullback to at least 50EMA(green) or better the 200SMA(turquoise) for any Entrys, TD Sequential is indicating that there would be a at least time for a 2-4 Candle Correction.
Trade Safe!
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you can follow and copy my Trades on eToro
My Etoro Profile:
www.etoro.com
Etoro Registration Link: etoro.tw
Dax daily: 02 Jul 2019 The resistance zone at 12 601 we mentioned yesterday turned out to function perfectly. After retesting the 12 601 level, Dax went sloping down. The weekend gap has been filled from it's third only and today the price opens without a gap.
Important zones
Resistance: NIL
Support: 12 385, 12 428, 12 508
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
There are quite a few support zones today, yet no resistance. The magnet on the lower prices is still 12 385. On the way down, buyers could enter around 12 428 and 12 385. The support zone at 12 508 could function as a bumper to head for further higher levels. At 12 428, we might see a correction, whereas the 12 385 level might function as a reversal signal. Thanks to a good distance towards 12 385, this hypothesis can be a multiple-day plan.
Dax daily: 27 Jun 2019Yesterday, we've had a higher probability of 83% for breaking the previous day low. Although the odds were in our favour, the breakout of Tuesday's low didn't happen. Instead, Dax shot straight up and we've only found some sellers at the mentioned resistance zone of 12 282. Today, the price opens with an ascending gap.
Important zones
Resistance: 12 44
Support: 12 229, 12 191
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability for closing inside yesterday's range is 87%
Macroeconomic releases
NIL
Today's session hypothesis
For today, our chances are pretty balanced from the Price Action perspective. One thesis suggests finding buyers and head to a resistance level of 12 344, where the shift of powers could happen and the price to return to yesterday's range. On the other hand, we have a pretty similar scenario where sellers could push the price lower to reach the support level of 12 229, where the price is likely to bounce from that zone and retest the 12 344. Should the price reach all the way towards 12 191 and the market participants losing momentum, it is likely Dax would rather slow down.
Dax daily: 11 Jun 2019 Yesterday, we expected a retest of 12 139 and the drop towards the trend line. Dax did not reach all the way towards the resistance zone, but the return to 12 046 level worked well. The market met both of our indications – the support zone of 12 046 and the trend line. Bulls were not strong enough in the afternoon session and the price closed slightly negative at 12 084.
Important zones
Resistance: 12 139
Support: 12 046
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability to close the gap is only 38%
Macroeconomic releases
NIL
Today’s session hypothesis
The price opened with an ascending gap sized 50 points, right at the mentioned resistance level. The statistical probabilities incline the gap closure is unlikely for today’s session and this indicates a bullish bias. Should the uptrend be formed and confirmed, we estimate the price is to reach 12 207 level.
Dax daily: 06 Jun 2019 Yesterday’s session started without a gap and after a short correction, buyers really headed upwards to higher levels. Unfortunately, the momentum wasn’t strong enough to reach our target at 12 064. The session was then closed near it’s open at 11 986.
Important zones
Resistance: 12 064
Support: 11 861
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
13:45 CEST – EUR – Main Refinancing Rate & Monetary Policy Statement
14:30 CEST – ECB Press Conference
Today’s session hypothesis
Today’s session opened with a gap sized 34 points. This size of the gap has approximately 50 – 65% probability for closing, so no strong edge here, yet such a scenario would be nice for this morning. For today, we expect a weaker activity up till the ECB rate decision and the Monetary Policy Statement. The more important though will be Draghi’s presser later on at 2.30pm CEST. The ECB’s bias could influence the rest of today’s price action. On the long side, we still target the 12 064 level. On the short side, our focus is on the support level of 11 861.
Dax daily: 05 Jun 2019 Yesterday’s session is a nice confirmation of a clear support level laying at 11 620. After the price broke out of the 11 778 level, Dax shot up to hit 11 860. The momentum was strong enough and that level didn’t slow the price at all. Bulls went even higher to close at the intra-day high at 11 985, which is btw one of the resistance levels we previously highlighted.
Important zones
Resistance: 12 064, 11 986
Support: 11 861, 11 778
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
09:15 – 10:00 CEST – Eurozone PMIs
Today’s session hypothesis
The price opened the day without a gap. It is very likely we see some initial correction of yesterday’s bullish momentum, followed by another upside move. If we go long, we shall target the resistance level of 12 064. This price was important in the past and this confirms the occurrence count there. If bulls are not that strong today, we estimate a sideways price action, along with the 11 860 level functioning as our support zone.
Dax daily: 31 May 2019 As we anticipated, the support level of 11 861 held the price pretty strongly for the entire session and didn’t allow sellers to go any deeper. The gap was then closed and the intraday trading closed priced 11 918.
Important zones
Resistance: 11 861
Support: 11 735
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today’s session hypothesis
After yesterday’s successful day for buyers, we came surprised to see the strength of the morning gap. This one is sized with some 140 points which is quite unusual. Dax has now entered the zone below the significant support levels and this is where the price was for the past two months. The first price action level where it is likely for the price to stall is the level laying around 11 735. With the gaps of such size, it is more likely the price continues in the gap direction and it’s close is then less probable.
Dax daily: 28 May 2019 For yesterday we were more supportive of the buyers, but their strength didn’t last long. The sellers were able to correct the growing movement and eventually, Dax moved sideways. We closed at 12 064. The last trading hours were absolutely without volatility.
Important zones
Resistance: 12 142
Support: 12 064, 11 958, 11 922
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of closing the gap is 39%
Macroeconomic releases
NIL
Today’s session hypothesis
Today began with an ascending gap of 41 points. The last two sessions are systematically rising to higher prices and today’s gap is a continuation of this action. Zones from the past analysis are still valid, so the first resistance that we should be careful about is 12 142 price. Today’s probabilities suggest not to close the gap and rather head higher. If the gap is closed, the price of 12 064 will now be a luxurious support level where new buyers can comfortably step in.