GER30-DAX
DAX: possibile long Let's 13080 level been broken on DAX to consider a long entry
Entry: 12934
SL: 12841
TP: 13028
FDAX1! - Forecast - 17/08/2020SHORT FDAX1!
ENTRY LEVEL 1 @ 12923
SL @ 12990
TP @ 12550 RR5.56
Risk 0.5%
ENTRY LEVEL 2 @ 12948
SL @ 12990
TP @ 12550 RR9.47
Risk 0.5%
ENTRY LEVEL 3 @ 12964
SL @ 12990
TP @ 12550 RR15.92
Risk 0.5%
dax main trend is +on dax never never trade against main trend (when dax is above EMA200 daily)
so put buylimit , place =
1on gap 1on daily ema200 (and buystop on that zigzag high)
for find target use TREND BASE FIBO EXTENTION(in metatrader =fibo expantion) drow it on last N shape (i draw it on time30min)
main level=61-100-161%
tradingview.com/chart/jtsoM2GC/
GERMANY 30 - Deutscher Aktienindex (DAX30)With a good move to break 11359.4 with force = will cause an up trend continue to 12096.1 as a First Target on daily frame
GER30 (DAX INDEX) A Great Buying Opportunity Trade Proposal:
There is a probability of first tp to the proposed (12399) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
DAX INDEX Waiting for the Range Bound and the beginning of the Ascension Trend.
TP1= 12399
TP2= 13625
Psychological fear and freed patternI am still waiting for an opportunity to short, in my view, we see a glimmer of hope until august - september.
But I guess when it gets colder more people will go to the doctor and become sick, so more corona infections.
My assumption is that insider will trade some weeks before that corona wave 2 to save their assets.
This second wave would be fatal, cause stimulus injections will be limited this time and corona will end only until 2021 may.
A big Insolvency wave will drain the market.
In my view I see black
Is DAX index bearish or bullishI am still following my bearish analysis based on Fib levels.
Governments push the price up by stimulation packages and printing money.
DAX, H4 - the bearish gap has been defendedLooking at the chart of the German DAX index, we may see that the bearish gap was defended after the market broke out from the triangle pattern described in the previous analysis. At that time we pointed to the gap as a potential target and a barrier to possible further increases.
Such a strong reaction to this described resistance may mean that the market has a chance to move back towards potential support, which could be located in the region of 9600 points. There, in turn, is a bullish gap which has not yet been closed,
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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Dax 30 Mark UpThese would be my areas of interest if I were trading the Dax 30.
Bias: Neutral
I would remain flexible with this market. Due to that massive selloff I'd expect Price Action to act as if it's a rubber-band so I would look for long opportunities. We shall see.
***NOT FINANCIAL ADVICE***
Equity Markets showing Reversal on the 4 Hour?First off is the Nikkei 225. We had a break out earlier today which also confirmed a head and shoulders bottoming pattern. The lower high and lower lows began to exhaust. We are now awaiting for our first higher low swing here to confirm this uptrend.
Second is the German Dax. We had our breakout, and are now approaching the major 10,000 level. From here, would like to see 10,000 tested before a pullback and then a breakout creating a head and shoulders pattern and giving us a higher low to confirm an uptrend.
The Russell 2000 is close to the Dax set up. We are watching for this breakout. Similar to the Dax in a way that we would like to see a move higher before a pullback and then a head and shoulders confirmation breakout. The Russell may also be a leading indicator on what we will see with the larger US equities.
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.
DE30EUR (GERMAN 30 INDEX) long/buy idea. almost 1700 pips move..In the name of ALLAH who is most merciful and the master...
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Please note:
-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your stops to your entry levels after the price moves 100 pips towards target,
-> Close half of the trade position after market makes half movement towards target.
