FDAX UpdateLooks like MFI got close enough to oversold to get a bounce. Probably hits overbought on RSI again.
The problem is that HSI is overbought, so probably a whipsaw overnight. No gap direction for tomorrow.
FDAX1!
DAX settings for end of 2020 - 2021Hi guys,
after analyzing with market and volume profile, i see following important sell and buy zones.
Markets fairest and most traded price before COVID was about 12330. In my opinion markets are overshooting since latest vaccine news so my settings are short from these levels.
I'm going to load longs below 12870.
Happy trading, take care about money management and dont overtrade!
Merry Christmas and a happy and healthy new year :)
My best wishes
Downmove potential on DAXThese are the latest potentials I see after analyzing with volumes and market orders.
My settings for DAX is still short above 13000.
Happy trading!
DAX still looking for a correction (when buy? when sell?)In my opinion, DAX is still overheated through the latest vaccine news. Looking at the daily chart, you see lots of impatience.
A correction is more than likely to happen with DOJI candles at the top. The fundamentals don't really point in the direction of an ongoing rally. During the Corona crisis, the most accepted value was 12640.
The area between 12800 and 12640 would be for me a fair price in relation to the current situation.
You can see this chart as a confirmation of your own settings.
Take care about not getting stopped out, look for a good money and risk management as always and happy trading!
DAX: New All-time High Coming Soon? 🚀Hello guys,
today I am going to focus on a long-term analysis of DAX.
DAX is a stock index which consists of the 30 biggest companies listed on the Frankfurt Stock Exchange. It does not represent just those 30, but the whole German industry as also other German companies, and their stocks are very tightly knit with DAX.
Simply put – if DAX goes down, then the majority of German companies go down as well (not just the 30).
Price Action analysis
Let’s start with a simple Price Action analysis. In here, I will focus only on one thing – comparing strength of Buyers with the strength of Sellers. This could give us an idea of where DAX could be heading next!
What matters the most is the aggressivity of Buyers vs. Sellers.
Aggressive Buyers or Sellers create strong trends and strong rejections of higher or lower prices.
Let’s have a look at the chart below. In there, I compared aggressivity of Buyers (blue) vs. Sellers (red).
BUYERS:
There are two very strong rejections of lower prices.
The first one is actually super-strong rejection. There was a crazy sell-off but then the Buyers were able to turn the price and push it all the way back where it was before.
The second rejection is also pretty strong and sharp. It occurred only a few days back. It also represents strong and aggressive Buyers who rejected the lower prices.
SELLERS:
So, what about sellers? There was this crazy strong sell-off in February and March, but it already got completely “covered” by Buyers. Those basically negated this whole move.
After that, there was no sign of strong selling activity.
What we see are only “weak highs” – and the price likes to test those!
BUYERS vs SELLERS:
To me, the picture below gives me a clear message: There are strong Buyers and weak Sellers.
The all-time high on DAX is weak and therefore the price is likely to test it and push the price above it. To create a new all-time high!
Volume Profile analysis
Let’s now have a look at some volume-based Supports on DAX!
I used my Volume Profile to look into this rejection to see how the volumes were distributed there.
The Volume Profile shows three important zones that got created in the strong rejection of lower prices.
In all three areas there were heavy volumes traded. Those volumes were most likely volumes of strong Buyers who were adding to their Long positions as they were pushing the price upwards.
Those zones are important for those Buyers and therefore they should work as strong supports. When the price makes it back there at some point in the future those buyers are likely to become active and defend those areas.
The heaviest volumes within the rejection got traded around: 10.550; 9.630; and 9.100. Those are currently the strongest volume-based Supports on DAX.
In my opinion, the strongest one of them is the first one (10.550). The reason is that the heaviest volumes were traded, there and also that a strong buying activity starts from there. As a bonus, the pinbar right before the strong buying activity started to continue also adds to the strength of this support.
I hope you guys liked this analysis. Let me know what you think in the comments below.
Happy trading!
-Dale
DAX entering the bear zone?Since beginning of Covid until today, the most valued point is around 640. For me that means, the market feels comfortable in this range after the second shutdown wave.
These days could be a test of this area before going back, at least to the Golden Zone. A longer term range could be the result after the last impulsive two weeks from now on.
Happy trading and care about your money management!
Buy low, sell high or buy even lower? Long on DAXWhat do you think, guys? Are you waiting for a collapse or do you take the risk and buy low?
Do we enter a bear market or is this just the healthy corretion we are waiting for since weeks?
Let me know what you think. I'm going to buy the way down and grab the knife :)
Happy trading, beware about not getting spiked out and care about your money management!
DAX with a downside potentialEuropean equity indices are far behind the US markets.
If we experience correction in ES and NQ, indices such as DAX gives us very clean structure to follow.
Break of a trend line to the downside should take us around a yearly vwap and anchored vwap support around 11600.
#DAX - I'll be #BULLISH #DAX30 #fdax1! #tradingviewBreakout is confirmed in my opinion and now I'm long.
First target 13,800.
First goal is to get SL @entrypoint and then let the trade run.
Greeting from Hannover
Stefan Bode
#dax - 12.850 and then? #dax30 #fdax1! #grxeur #tradingviewThe range 12,850-12,860 should be magnetically attractive.
Is this where the trend reversal and thus the end of wave 2 takes place, or has the air gone out of the market and market participants are securing their profits before the US election (in 2 months) and are switching to cash, gold, commodities or ...?
Greetings from Hannover
Stefan Bode
#DAX - Long-Pyramid - #FDAX1! #GRXEUR #tradingviewFriday's trade is running and now would be the chance to build up a long position in the current correction with SL just below day low at least when the abc correction is over.
Of course, it is possible that the abc will first complete a wave A, but this would become apparent relatively quickly and we would then have to put the SL on entrypoint of short position so that we don't lose money in the new trade.
Regards from Hannover
Stefan Bode
#dax30 - Two ideas #Dax #GRXEUR #FDAX1!Two ideas for the Dax.
One as a potential long trade.
But if, contrary to expectations, there is a correction pattern,
a short position should be taken from the thick red line (ii) onwards,
because then 11.750 should come soon
#Dax - decision before the weekend? #GRXEUR #FDAX1! #tradingIf the Dax now marches right through, then we can take 500 points at
the breakout. Or should we wait for another downmove and optimize our RRR and then we can even take 750 points more?
Good question, especially since it's the third Friday of the month and in case of doubt feat that few people would consider sensational.
Decision is not yet fixed but at least I am prepared.
Greeting from Hannover
Stefan Bode
#DAX - 1.000 points #dax30 #grxeur #fdax!1 #dax30Difficult situation, in my view, in the Dax30.
Down by 1,000 points can go quickly.
DAX target is GAPDAX traders love fill gap , so put buystop on last high ,,,selllimit on gap fill price
IMPORTANT SECRET = like dax in mornin open,it fill gap to yesterday close ,,,, dowjones on open in 15:30 CET ,it fill gap too (yesterday close) ,,,,it force dax pull back ,check in history chart in dow,dax (ym1!-fdax1!)
example =in morning dax ,dow goes up , in 15:30 cet when cash dow open (NYSE) it goes down to fill gap (yesterday close) ,,,this down dax too!!!!!!!!?
www.tradingview.com
be careful of sell(put sl) , dax can see 14400 easily if you check dax weekly trend from 1990, you will see dax (many index like dow,sp too) main trend is + , so try be on buy trade not sell
Accelerator Occilator in 30-240 min is very important on fdax dont judge soon , please try it 1 mounth , see its secrets,then judge
after test 5000 indicator , for dax AC indicator in 30 and 240min is NO1
sellstop on low boys AC(accelerator indicator) in 240min and AC30 min is very very important on dax
dont judge soon ,1mounth try it
