A different scenario As I posted, a market is likely to continue HH. But, it is also possible that the market will stay in a range/triangle. This is more likely scenario than it will shoot up.
DEU30
ridethepig | DAX 2020 Macro MapAs those following the latest Macro charts in Euro will know, the philosophy of EUR finding a strong bid will constitute good criteria for the devaluation of German Equities and rule out any possibility of setting new all time highs. This is crunching time for the Fiscal side in Europe, if Germany start to use the fiscal side then the logical follow up is EUR long:
An ingenious swing move, which is extraordinarily difficult to trade without knowledge of the fundamentals in play. Bulls have all the time been operating in stealth mode, whereas bears starting to go overboard in a counter attack. Mother Nature is taking care of these errors, all at once. In most circumstances she would have turned a blind eye, although from time to time intervention is necessary with a gentle smile and turned cheek. The diagram in Bund Yields highlights the underlying issue:
The sacrifice of the 12886 lows in DAX creates freedom for the waterfall manoeuvre. Otherwise sacrifices on the topside (only via a sweep) are still possible. See for example the following flows in CAC:
The fact that this attack was able to clear the highs, shows the two different battlefields in play for Europe. The exchange of flows in Europe is particularly worth expressing via DAX shorts with 2020 outlooks all set and ready to go. In the long term, remember to consider the US Equities chart:
To secure the position; invalidation and reassessment only necessary with a break above the highs. To the downside, initial targets enter into play at 10,500 ... we will cover and update the flows live here.
As usual thanks for keeping the support coming with likes, comments, questions and etc! Feel free to jump into the conversation in the comments with your views/charts.
ridethepig | Green/CDU Grand Coalition Cooking in GermanyA fresh round of poll updates from Germany with CDU/Green coalition in play:
=> CDU/CSU-EPP: 28%
=> GRÜNE-G/EFA: 23%
=> SPD-S&D: 12%
=> AfD-ID: 11% (-1)
=> LINKE-LEFT: 9%
=> FDP-RE: 9%
We are marking the highs as widely mentioned previously in the 2020 Dax Macro Map:
Markets are unable to shrug off risk from Coronavirus and we are spreading into waterfall mode. PBOC stepping in to attempt stopping the bleeding but smells too little too late. No surprises EUR showing signs of marching in the opposite direction:
Those following the latest Macro charts in Euro will know, the philosophy of EUR finding a strong bid will constitute good criteria for the devaluation of German Equities. This is crunching time for the Fiscal side in Europe, if Germany start to turn on the fiscal taps (too late anyway) then the logical follow up is EUR long.
Thanks as usual for keeping your support coming with likes, comments, charts and etc!
DAX shortAs the virus outbreak continues to slow growth, Dax confirmed the 3rd touch on the trend line. Also potential death cross as 50 SMA could cross below 200 SMA.
Chinese economy expected to be 2/3 shut down next week as the country battles the outbreak.
Overall, market sell off expected to continue.
Good Luck and stay healthy!
DAX Sell SignalPattern: Channel Up on 1W.
Signal: Bearish as the price is below the MA50 and MA200 on the 4H chart, with a potential to form a Death Cross. Last time that happened DAX made a Higher Low on the Channel Up.
Target: 12500 (top of the Higher Low support zone).
* Latest successful Sell Signal on DAX:
PENGUINS LOOK AT DEU30 TOO :) DAX 25/12/2019
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
DAX: Sell opportunity within the Megaphone.DAX has been trading within a 1D Megaphone pattern (RSI = 55.442, MACD = 76.600, Highs/Lows = 0.0000) since November 6th. This week the price was rejected on the Higher High zone and is still on the decline towards the 13,176 Pivot line which is also where the MA50 on the 4H chart is. This is a possible Support level.
If this level breaks however, we are expecting a full decline sequence towards (possibly) a new Lower Low. The 4H chart also provides a strong sell signal with the bearish cross on the MACD. If the pivot is crossed our Target Zone is 12,950 - 12,885.
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Comments and likes are greatly appreciated.
DAX: Sell opportunity towards the 1D MA50.DAX as most indices has been very bullish since the start of the year (strong 1M Channel Up since the 27 December bottom) but lately in particular has been sustaining a strong 1D Channel Up (RSI = 64.920, MACD = 140.500, ADX = 26.747, Highs/Lows = 0.000) since mid August, that even broke (marginally) above the 1M median.
This is similar to the Channel Up during the first half of 2019 and based on the 1D RSI sequence, it requires a contact on the MA50 before making a new High. We have set a target within 12,815 - 12,740.
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DAX Idea After a long rally, we got trapped up there. Meaning is that the it can potentially break the support. But as we are still in the range, Let's see what will happen when the price reaches the support lvl.
DAX double topDivergence on RSI as we are rejecting at the highs. Great risk-reward for a small position.
More confirmation on the break of the neckline and impulsive selling candle. Target 13 000.
Good Luck!
DAX Short 1 HR Chart since 8.11.2019 9.00 German Timehello to all watching my charts
Dax is now Short since 9.00 German Time
8.11.
Cause its traded below my red Line.
here to check in my favourite Chart Style RENKO
RENKO
Good trades.
if you want to support my work, please like them
My analyes here are all NOT a request to buy or sell
seomething. Allways do you own research.
Renkotrade
DAX DEU30 Short Decision Level has been brokenNow my Trendchannel system shows short
Decision Level BLACK has been broken
Now we are in Short Aerea.
Good trades
If you want to support my work , please be so kind and like them
-
My posts are not and advice to buy or sell something
always do your own research
-
Renkotrade
----------
DAX: Targeting 13,600 on a possible band shift.DAX has been trading within a long term 1M Channel Up (RSI = 58.539, MACD = 225.500, Highs/Lows = 732.5857) since the December 2018 bottom. From January until July the price traded on the upper band of the Channel and then it made a bottom on the lower band. That essentially started a new Channel Up within the lower band until now that we had a contact with the Channel's mean.
If the price breaks and closes on the 1D time frame above then a new aggressive sequence may start on the upper band again that should easily hit the 13,600 All Time High (ATH). If not, then a pull back to the previous High (as it happened in March) will serve as a buy zone for a more sustainable rise to 13,600.
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Comments and likes are greatly appreciated.
DAX LONG but watch out 12900 LevelMarked with a black arrow
This is the Level which should not break
Please notice that he channel system startet
to slow the uptrend.
Good trades
If you want to support my work , please be so kind and like them
-
My posts are not and advice to buy or sell something
always do your own research
-
Renkotrade
DAX: One last bullish leg towards 13,000.DAX has been very bullish throughout October rising from the near 11,800 low to a 12,800 high today which is in fact a peak for 2019. This is all within the Channel Up pattern on 1W (RSI = 59.041, MACD = 182.700, Highs/Lows = 304.9427) that has been in effect since February.
As you see the two dominant bullish legs are very similar, the one from February to May and August to today: Phase 1 (circle) is a volatile Higher Low, then phase 2 (blue rotated rectangle) the first major pull back and lastly phase 3 (green rectangle) the last minor pull back before the Higher High.
Assuming that the rise on the current bullish leg will be symmetrical (+14.60%) then we have calculated the final Target Zone within 12,950 - 13,080. Long term traders though may wait for a safer larger pull back around 12,100 before buying, again as it happened in May.
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Comments and likes are greatly appreciated.
DAX Critical pivot point approaching. How to trade each scenarioDAX, as most global leading stock markets, has suffered a big set-back this week in anticipation of today's key macroeconomic data. The 1D MA50 was crossed (blue line) and the index is now close to testing the 1D MA200 (orange).
If the price bounces there then 1D (which entered into bearish territory with RSI = 38.234, MACD = 3.700, Highs/Lows = -272.3214) may reverse towards the 12,500 Resistance, in a similar way as it did on June 3rd when again it hit the same RSI level (see chart).
If however it breaks, then DAX can reach again the 11,300 1W Support level, in which case it will become a strong buy option as the Demand Zone there has been strong. Plus it will be a 1W Triple Bottom which normally makes a Higher High. The only negative parameter on this sequence is the possibility of the wider 1W pattern turning into a Head and Shoulders eventually which after a dead cat bounce back to the 1D MA200 can lead to a Lower Low under the 11,300 1W Support. News on E.U. and U.S. data (as well as key Chinese import reports and the EURUSD) have to be followed closely on that matter.
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Comments and likes are greatly appreciated.
DAX DEU30 SHORT Longer Time OutlookHello to all watching my charts
After the last break of the trendline (purple line)
(please check my last DAX post here a few days ago)
the chance of long has not fullfilled and Dax stays in the short
signal aerea with lower and lower and lower prices.
So what comes next ?
Of course i am not able to tell you the future
but some things are to mention.
1. We have made a big loss, so maybe we will get a rebound soon.
2. In the longer view Dax is still very very short positioned
3. Next hold ,so to say as support is 11300 (low from april)
4. For change to a long signal in my eyes we have to jump above the last bigger resistance and this is really far away at
12200 / 12250
I draw 2 black lines here at these aerea.
Only above these level its a long chance.
From the level now 11600 to 12250 its a no ones land i think.
Good trades
If you want to support my work and my charts please like them..
Renkotrade
DAX SHORT but we wait on a Trendchange Power of Trendlines Hello to all watching my charts
Today i will show you trhe power of trendlines and broken
trendlines as trading points.
For example here is the DAX Germany DEU 30 index on base 1 HR
We are
long since 4.7. 11925 / broken left blue trendline
short since 9.7. 12400 / broken purple trendine +75 points
long since 15.7. 12400 / broken blue trendline
short sine 17.7. 12400 / broken green trendline
long since 19.7. 12327 / broken yellow trendline +73 points
short since 25.7. 12378 / broken purple trendline +51 points
and we are waitin for a long signal at the moment
In total ca 200 points with a only few trades no hustle and bustle
Good trades
If you want to support my charts and my work, please like them...
Good trades
Renkotrade
