DAX H4: BEST Level to BUY IT +500/+600 points(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
DAX H4: BEST Level to BUY IT +500/+600 points(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: DAX 4hour/candle chart review
::: bullish fractal in progress now
::: setup still valid as of today
::: IHS in progress
::: expecting bullish breakout next week
::: short-term more gains likely
::: HOWEVER heavy resistance overhead
::: 14 500 / 14 600 final TP bulls
::: BUY/HOLD near market open Monday
::: BULL maintain control for now
::: lower risk setup is BUY/HOLD
::: exit at 14 500 - 14 600 points
::: once we hit resistance at 14 500
::: TP BULLS TP1 +500 points TP2 +600 points
::: BUY/HOLD setup with great risk:reward
::: BULLS TP FINAL is 14 600
::: recommend to BUY/HOLD
::: recommended strategy:BUY/HOLD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 11 000 fresh demand zone
::: 14 600 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GER30-DAX
UK100 - Further UpsideUK100 has been steady moves to the upside. It has broken out of a correction and making its move back up now.
DAX H4: BEST Level to SHORT IT +1000/+1500 points(SL/TP)(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
DAX H4: BEST Level to SHORT IT +1000/+1500 points(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: DAX 4hour/candle chart review
::: bearish fractal in progress now
::: setup still valid as of today
::: XABCD short from current level
::: upside limited from here
::: point D is 12 900 points
::: HOWEVER heavy resistance overhead
::: 14 000 heavy resistance
::: get ready to SHORT rips / from overhead
::: BEARS will take over soon
::: lower risk setup is SHORT
::: get ready to SHORT or short at market
::: BEARS will target point D/PRZ at 12 900
::: TP BEARS TP1 +1000 points TP2 +1500 points
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 12 900
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 12 800 fresh demand zone
::: 14 000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Use Geometry in your favourWe Know that triangles, wedges and rectangles are the most common price patterns. We learned how to measure the height, diameter and angles at school but you might also asked yourself sometimes When Are We Going to Use This in Real Life?
well here; :) The following is an example of a wedge that is being printed currently by the DAX. I used geometry and angle measurement tools to draw the lines of the rising wedge, then finding out the angles accordingly. this in turns gives a clear picture where price is expected to touch next and/ or breakout. I hope this help you all. Good Luck! Please note that is wedge most probably gonna breakout to the downside, HOWEVER, after breaking out and touching the support line at 140480, I expect price to turn north heading to all time high resistance before a serious crash to the downside.
GER30 (DAX)The Dax may have completed the blue x with today's low at 13469. At the ideal target of the green (c) and the yellow circled Y, the downward movement could be stopped for now. Whether this is sustainable and the Dax starts another attack on the all-time high from here, the next few days will show. However, my preferred scenario is a final high. The minimum target of the final blue y is at 14169. The expectation that the market should fall significantly after the high does not change.
Trading The STOXX600 & GER30 Vs Manufacturing PMI DataIn this video, we take a look at how Manufacturing PMI data in Europe and Germany is used by the investment community to know when to buy or sell stocks with the European region.
This economic indicator is a powerful tool we can use to a clear idea as to the expected performance of the German 30 index and STOXX600 Index.
Manufacturing PMI data is available on investing.com on the first week of each month.
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!
Dax30- time to sell?After reaching my 11500 target, the German index had a false break under support and reversed.
Now is trading exactly in resistance (12500) which is also the neck-line support of H&S.
A new leg down is probable from this point and also we can have a great R:R if the index is retesting 11500 zone