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.
De30sell
Double Top on DE30XETR:DAX seem a double top let see how it will develop in the future and how USA Iran tension will impact the german index
Selling DAX at key reistanceENTRY 13376.6 | TP 13157.3 ( pips 219 / RR 2.24 ) | SL 13475.4 ( pips 98 )
Very important details are listed in the chart, REVIEW them. We highly recommend not to go too big as we might hold over the weekend.
(but the only way we earn in this market is by risking so if your not comfortable with risks, then your either trading too big or this "game" is not for you.)
Shorting DAX with a 2.5+ RRThe DAX is currently breaking out of a selling continuation pattern and we expect that price could push all the way down to 161% of the current price action high/low (TP2 in chart)
We are short on this and 2 more setup. Alerts will be released on them soon.
DAX SELLING (Continuation of bears)We took a short position here. A video will be released with the details of why we are selling and what our "game" plan here is.
Generally we see a continuation of bearish pressure.
