DAX DEU30 SHORT After pullback to the resistance level 1HR Chart#Dax #Deu30
Hello to all watching my charts
In German biggest Index Dax , DEU30 we had had a fake breakout long
and now comes the opposite ofe them here , we have a big falling down in
the short aerea.
Dax fall below both of my black lines = Below of both resistance / Support lines.
So the support lines from 10.7. now changed to resistance levels /lines
And exakt at that level Dax today headed (12320)
Such a change in mind from long breakout / fakeout LONG to SHORT
is a big change in market view.
So i estmimate here in Dax lower prices in th next future
Good trades
If you want to support my work and my charts,please like them...
Renkotrade
DEU30
Dax LONG DEU30 LONG 1 HR Chart
#Dax #Deu30 #Renkotrade
Hello to all watching my charts-
For the end of the day after finished trading Dax for today
lets have a look what has happen.
LONG : So we are long in all timeframes, and my shortchannel
is totally parallel included Long in the longer channel, thats the reason
i have included here as always, but it sends us no new information
for today.
So stay long is what i suggest.
If you want to support my work and my charts, please like them...
Good trades
Renkotrade
DAX LONG 1 HR Chart #Renkotrade
Hello to all watching my charts.
Today nothing really new here.
Dax is trading in the long channel and now getting at the top
of them little bit in a consolidation mode here.
But my shorttime channel is going steeper and steeper . so
that shows a supports of the long trend of course
To tell a short trigger makes no sense in my eyes at the moment
when long is getting stronger.
To continue this trend the black support line should hold.
Anything below that is NOT direct a short oppionion
but a weekening of the long scenario.
Good trades
If you want to support my charts and my work please like them...
Renkotrade
DAX LONG 1 HR DEU30 LONG 1 HR CHart#renktrade
Hello to all watching my charts.
here is the latest update of german DAX
As we all god in the news that the trade communication between
Trump and China will get a new chance , the stockmarkets
all over the world are rising , that has been clear.
So DAX also .
My both Trading Cannels are long, longtime channel and shortime chanel also.
Thats not surprising.
For all which need a mark for a trend change the next days if
have bring with here for you my new arrow system
(SIGNES a TIME and a LEVEL for a trendchange)
but i doubt that Dax will really fall in that way to get in a short chance.
So i do hope here you are in a long position now.
Good trades
If you want to support my work and my charts please like them..
Renkotrade
DAX SHORT but possible Trendchange in Front 1 HR 27.6.Hello to all watching my charts.
Today we will have a closer look to the DAX DEU30 in 1 HR Chart.
Thats an fine situation.
In the longer timeframe a shortchannel has established
but in the shorter timechannel we are now LONG since brake of the red line to the north. Yesterday
Lets wait a little bit to get closer touch to the direction, if Dax will come out of the blue line channel to the north , LONG is the side to play.
If DAX will stay in the shortchnnel blue
Short Positions could hold or add.
If you want to support my work and my charts please like them...
Good trades
Renkotrade
DAX SHORT 1 HR ChartHello to all watching my charts
Today we have a nice situation to show you the
different timeframes of trading in my channelsystem
The longtime channel (blue lines) is still long (angle +)
but the shorttime channel as shwon is in a short situation.
So if you trade in the timeframe of 60 Minutes/1 HR or 120 Minutes /2HR
you should be in a short position.
If you trade in much longer timeframes , like 1D you could be still long.
But i think you must check than:
A Break of the lower blue trendline is a short signal not only in the shorttime
also in the longtime system. !!
Good trades
If you want to support my work and my charts. please like them...
Renkotrade
DAX DEU30 LONG 1 HR 20.06. 4.00 p.m. german timeHello to all watching my charts
Dax LONG
Today the Dax is since the EZB announcements
and FED meeting in the bullish aerea again
And the Dax is exact in the middle of my channel , so at the moment
nothing in front what for me can change the setup quickly
We have some resistance at around 12400 from may
but in may oppinon "Trend beats resistance" and i would stay
long. Thats my personal view, no trading advice.
Good trades
Renkotrade
DAX 1HR SHORTHello to all watching my charts.
Dax now is in a consolidation mode.
I prefer at the moment the lower side
with a 60 to 40 percentage.
The reason i have no fine feeling for staying long is
that we see lower lows and lower highs.
I tried to marked it whit the red lines.
In classic charting thats a downtrend.
But after the strong rally from 11640 to the level 12100
we must be carefull to indicate that directly as short-
Maybe as i told you above its only a consolidation
Break 12050 as another lower low would be a short confirmation
I think no position here at the moment is the best position in my oppionion.
If you had been on the long side take the money and go.
Good trades
Renkotrade
Where is the bottom? I am still on the short sideRunning two shorts atm - 12079 and 11919
After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 -
Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short.
Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through 11640.
Will hedge in-between for a scalp long, until there is an ease and enough reason to add a big long.
DAX Chart 1 HR 30.04.2019 13:0 German time Hello to all watching my charts.
Dax moved out from the long channel
and is now drifting sideways.
In my view no time to act at the moment in long or short direction.
On the sownside to short there is support at around 12260
(blue lower line)
If it breaks that also its short time in m< view.
On the upside the next barrier resistance is 12350 aerea.
(blue upper line )
If Dax will breake these level maybe Dax can move up in the long channel again
and its time for a procyle action long.
Best is to wait what will happen.
Good trades
DAX SHORT 1 HR Situation end of 9.4.Exact as promissed the decision point has been at
11960.
After fall through that level Dax tried to climb again
on new highs, but failed and builded a double top
as double resistance at
11980 (blue line)
Than small supports at
11930 and also at
11890 failed.
Nex bigger support waits at
11760
Thats the best chance for a rebound in my oppionion.
We have to wait and see.
Good trades
DAX LONG end of 05.04. My traying diary 970 Points Gain Hello to all who watch my charts.
I brought you here my trading journal in the DAX of the last weeks.
Timeframe is the 1 HR chart.
We had a long signal until 27.3. 9:00 clock german time
then we got a short signal at 11714
After that we were short to the ground at about 11370.
(Difference about 340 points)
So the signal turned on Long at 11370.
Since then, the Long signal has reached around 12,000 points
Difference about 600 points
Overall, this makes a success of
940 Dax points in 14 days
Soon you can subscribe to my actions if you want
If you are interested send me an email.
DAX LONG 1HR end of 04.04.2019Hello to all who watch my charts.
For days DAX is in an upward movement and in a fairly wide Long channel.
As you can see, the distance to the lower channel band is quite large.
It currently runs at about 11860 and that is a good 120 points below today's closing price.
In addition, we are at a round number
Having arrived at 12000, that has always shown the past of similar marks leading to a breather of the market straight up.
Today we have developed a new resistance at about 12028
what leads me to the assessment together:
Long continues, yes, but only once is a break in the Long Trend
expected.
The Dax can fall but without problems until just 11860 without that should lead to a short position.
I would not start new positions because of the 12000 points mark.
If you want to make a channel trading, which would have been very successful in recent times, is a fall on the 11860 or the equivalent value of the lower Long Channel the next few days to wait.
And if you have checked my last post of DAX here at teh bottom of
11330 found, you are more than 600 points up and maybe a rich man..
Good Trades to all
DAX DEU30 SHORT but possible Bottom at 11330 found
Hello to all who watch my charts.
Who my idea Dax Short from 21.3. followed (fall down out of the the Long Channel in PINK)
is now already 300 Dax point forward.
But as soon as we have reached a point at which a small bottom formation is emerging today.
In the area around 11300 to 11330, DAX DEU30 has today stopped its downward trend several times.
We have to watch this in details tomorrow.
Actually, we have fallen further down out of the short channel even down what is always negative for the price in the future
On the other hand, such multiple support bounce on 1 HR Chart basis is a sign that trendchange possibly! is to come.
To be shure of these the DAX would first have to recapture my blue line around 11420.
Should Dax be able to manage that (> 11420 on the hour close course), I would continue to be very careful holding short positions.
But should he just give up this small support aerea at around 11330, i exspect downside pressure .
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--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
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DAX DEU30 SHORT Situation end of 21.03.2019
Hello to all who watch my charts.
In the Dax DEU 30 we have a short situation since yesterday.
As I posted Dax was allowed to fall to the lower line of the Long Channel.
But not below.
Yesterday it dropped significantly below and there is now a short channel formed, which I have marked in purple.
I've simplified the chart image a little and a few insignificant ones
Resistance lines faded out.
Now it looks very clear:
Dax DEU 30 in Long Channel (purple)
and then in a short channel since yesterday (red)
What happened:
In addition to the unexpectedly bearish Fed meeting, we also have some special features to note in the Dax DEU 30:
1. A big weakness of Bayer
2. A new fainting of the auto stocks, there are the quarreling
E Mobility is not as easy to master as previously thought. In addition, declining expectations.
All this together has now become the Dax DEU30 from an outperformer index days ago to an underperformer index.
We have to hold that for now.
Now Dax can slowly move back and forth in Short Kabal or fall directly to the nearest support at 11420.
For rising prices, I currently see no beginning,
If a new long opportunity should start, Dax would first have to get out of the short channel.
Then we should re-evaluate the situation
DAX Long Situation end of trading day 19.03.2019
Hello to all who follow my charts.
The Dax runs exactly in the long trend channel up I have drawn
I marked it red again
so that he is better to see.
The dax today has 2 new resistance lines taken out of his way, which I have now marked as support in blue.
These are the two upper skewed straight lines at about 11775 (current state)
So he has continued to build support.
But even a downward setback in the direction of the lower red channel line would be completely uncritical and would not destroy the setup
Currently at 17:30 German time
clear a long setup
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--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
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Adjusted DEU30 trajectory. Going DOWN!?Hi Guys!
As we see on this adjusted 4 H chart. My trajectory for the price. Bearish time is back!
I will try to swing trade these shorter-term actions.
First 3 targets are illustrated. Please don't get me wrong, but all these drawings are approximate!
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.