What will be next? Bounce or breaking the support?Another 3rd bounce or finally breaking support at current level?
GERMANY 30
DE30 bearish divergenceWe are looking for a nice short here on a weekly chart, based on the chart, bearish divergence formed pretty clear signal.
Trade with care.
Wait for a higher level to short. '13050 and 130100'Dax has broken its legendary support zone a few days back and now it is retracing upwards.
I would wait for the price to a little higher and go short around 13050.
levels to watch 13050. 13100.
DE30/EUR 1D Chart: Rebound from 55-day SMADE30/EUR 1D Chart: Rebound from 55-day SMA
The index that compiles 30 largest German companies is advancing against the Euro in the long-term rising wedge formation. This pattern started to form two years ago and today consists of two reaction highs and three reaction lows. Consequently, the breakout of the pattern is expected to happen in the Q2 2018.
In the meantime, in the middle of this year the exchange rate started to form new junior ascending channel but due to support provided by the 55-day SMA it began to transform into another rising wedge. As the northern side contains no notable obstacles, the pair is expected to continue climbing to the top, thus ending the year near the 13,600 level. In case of sudden reversal, the above moving average should prevent the pair from making a premature breakout.
DAXEger fiyat 13.030'u gecer ve 13.030 ustunde kalicilik saglarsa ana hedef noktasina varana kadar turuncu olarak cizdigim fibo seviyeleri arasinda hizli hareket edip tirtikli fibo çizgilerinde yavaslayacaktir. Birincil ana hedef olan 13.330 da ise duzeltme dususu gelebilir, islemden cikip beklemek gerek.
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If the price exceeds 13,030 and sustains above 13,030, it will move quickly between the fibo levels I draw in orange until it reaches the main target point(13.330) and slow down in the serrated fibo straps.
DE30EUR Wedge/H&S 4h chart wedge pattern with H & S pattern within, waiting for a validating retest of the 100 EMA.
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Short term trend continuation setup in 15 min chart.
DE30EUR Two TradesBigger picture: Double bottom waiting for breakout and interaction with 100 EMA in 4h chart
Short term: looking for a move up out of the consolidation at EMA as seen in chart, looking for profit at previous resstance or 4h EMA.
The trade it and leave it rule... why did I not follow it?I was alerted of this trade via my friend's analysis which I also deemed fit to enter at my own risk. At 2017.07.26, Dax retested the broken support (which was also the 8 EMA at that time) which resulted to a formation of a bearish pin bar.
At the split second that I've adjusted the TP because of 'potential greed,' I have not kept in mind the possibility of such movement when the gap was filled. At the time the gap was filled, Dax, without hesitation, reversed to the upside probably for some breather. Sadly, it hit my SL which were adjusted to my entry levels.
DE30EUR Head & Shoulders PatternHead and shoulders Pattern has formed. Pay attention to 1oo EMA in 15 min chart.
Target either hight of formation or EMA in 30 min chart.
DAX or GER30 SHORT. Highly probable trade setup.Hi Guys,
I found this highly probable advance harmonic pattern 'Bearish Butterfly' forming in DAX or GER30 or DE30EUR for very good short. With the given possible range from 27.20 to 161.80 extension of move of XA and RSI also entering into the overbought region , we can expect a good short entry provided supporting price action for this short. I believe if this happens then it could be very nice short for very handsome pips (maybe 1000 pips) as we are expecting reversal for long time.
This is just an educated guess no suggestions for short but if you feel so that this matches with your own analysis probably you can take it.
One of the previous idea attached below with this.
Thanks.
Projection DE30, looking for year high 13700~From a 100% technical perspective, my chart is telling me DE30 looking for top of bullish channel since post subprime crisis rally. Before this happens though, I'd like to see a drop to 12316 - 12392 (2015 high) for a healthy climb the coming weeks. So to conclude my thoughts I think we've seen swing high looking for swing low to a new all time high that might roll over very fast because of the lack of confidence in stocks that are already overvalued.
DAX LONG EDUCATIONALSeems like we're moving in the channel and we have a pretty good reversal candle on the 4h. Let's see if the discount is over.
I am not trading this one, just testing.
DE30EUR UpdateConsolidated for a while and formed a wedge pattern, broke out and retested just now. Seems good to go up again.
DE30EUR Breakout and retest of either triangle or resistence (trend line).
Broke EMA in 30 min chart before but managed to get back up again and now retested EMA and got rejected immediately.
DE30EUR Consolidation Breakout + Retest Retest of consolidation with couple of hammer candles in 15 min chart.
DAX Breakout Unfortunately missed the entry, will look for entry in 5 min chart
-> 5 min chart retracement back to 100 EMA = short opportunity
DE30EUR Triangle Breakout seems imminentWill be looking for breakout, think its going to happen to the downside but will be cautious,
also watch for 100 EMA in 30 min chart (if short).
