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GERMANY 30

DAX monthly double topLooking at the DAX index, we are seeing rejection of the 161.8% extension, forming a double top pattern with divergence on RSI. MPO target is 7000, but there is a very strong resistance area around 9000 level. Elliott waves are showing the end of the trend and start of the correction. As we completed wave 5 in the end of 2017 and started corrective wave a in a a 12345 formation, then b in and abc formation. Now c wave starts and should progress in a 12345 formation down.Considering that the virus news are not getting any better, we are still looking for a sell off next week. China will be opening the market after a bank holiday week. Pre-market is already looking at Hang Seng with a 1.16% loss at the time of writing. Expecting the rest of the markets to follow in a sell off, so far February looks like a very bearish month. Another point of concern is Brexit as UK left the EU on Friday 31st at 11pm. There is uncertainty regarding the following negotiations with the EU and UK to make new trade agreements. This could put some strain on the markets as well. Good Luck!
XETR:DAX
by Antonio_trader
DE30 DAX GE30 BUY ON WEEKLY CHARTGermany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Transportation & Logistics and Financial Services sectors led shares higher. At the close in Frankfurt, the DAX gained 0.16%, while the MDAX index added 0.56%, and the TecDAX index gained 0.19%. The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 1.49% or 0.76 points to trade at 51.78 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:MTXGn) added 1.44% or 4.00 points to end at 281.90 and Deutsche Bank AG NA O.N. (DE:DBKGn) was up 1.32% or 0.104 points to 7.974 in late trade.
DLong
by q12398
1
GER30 Investors Strive to Break Above Historical High LevelPrimeXBT is here again with another technical analysis breakdown, and today we are taking a look at the GER 30 . The Germany 30 Index has continued to churn sideways above the 12900 key medium-term pivotal support and slightly below its strong resistance that exists around its all-time highs near 13590. The price action combined with the Relative Strength Index is staying strong, but GER30 has formed a bearish divergence, which often indicates that a trend reversal is forming from bullish to bearish, and a downtrend or valuation adjustment could soon follow. In addition, given the bearish configurations seen in the S&P 500, we don't have the conviction to maintain the bullish bias for the Germany 30 Index. Thus, its trend will likely turn neutral at this juncture between 13590 and 12900. A break below 12900 and the middle line of the rising channel validates a potential corrective decline below the 12500 levels. On the flip side, only a daily close above 13600 opens up the gates for a further rally to target the next resistance at 14550, which is a 1.272% Fibonacci level and upper boundary the large ascending channel. Once the price reaches the resistance 1.272% Fibonacci level, a rejection could cause a fall to the previous all-time high level. Support level: 12900 Resistance level: 13590 Day's range: 13361.8 — 13508.0 We appreciate the continued support that PrimeXBT has received from readers and traders like you, and hope you have great success with all your future trades!
FOREXCOM:GER40Short
by PrimeXBT
DE30EUR: POSSIBILITY OF BEAR MOVE.In the name of Allah, the Most Gracious, the Most Merciful. DE30EUR Is Forming broadening formation Pattern in 6 Hrs, Also we have Found Trendline in Daily Time Frame, Chances To move on Trend line as Shown on Chart. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example; you have 4000 Dollars Capital. We Posted Trade which has 4 Take Profit. We will use 0.20 Total lot size We will divide it in 4 Orders. 0.20 lot Divided by 4 Take profit = 0.05 Lot size. So we will open 4 Trade with 0.05 Lot size for each trade. Let See How We will do. 1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target. 2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target. 3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target. 4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target. Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry. If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target. If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
OANDA:DE30EURShort
by Make_Money_Guru_Bitcoin
1
#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 ============= 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! =========================== You can copy and follow my Trades on eToro www.etoro.com =========================== #DAX #DAXPERFORMANCE #DAXTRADING #TECHNICALANALYSIS #GER30 #DE30 $DAX $GER30 $DE30 #GERMANINDEX #DEUTSCHERAKTIENINDEX #DE30EUR
OANDA:DE30EURShort
by koboltrading