GER30-DAX
DAX (GER 30) is close to the Support/Resistance Zone.The H4 candle closed above the Support/Resistance Zone and its a huge probability that it will rise up!
- The trend is bullish;
- The price made a false breakout;
- Potential profit will be 3 times bigger than the risk.
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The DAX (or GER30) has made a clear triple top hitting resistancI've predicted that the index will trail back down to the 13,260s where it will find some support before dropping down to the target short exit of 13,150s. There it will either break support again and continue on a downward trajectory to at least 12900s and possibly lower.
Short at (or around) 13,300 and enjoy the ride.
Currently short w/ 3 lots between 13,250 and 13,300. Averaged around the top.
#DAX #GER30 #DE30 dont jump into it to early$GER30 #DAX #GER30 #DE30 dont jump into it to early
DAX has risen the past weeks bouncing of 11275 Support and is getting into Resistance Zone were some kind of Pullback is expected.
What we dont want to do is to jump in any DAX Trade without a proper Risk Management Plan because we dont want to get caught between some Ranges maybe forcing us out of our trade.
Daily Stochastic in Bullish Control Zone and not crossed down yet, Daily EMA still room to Go, Waiting for a healthy pullback to at least 50EMA(green) or better the 200SMA(turquoise) for any Entrys, TD Sequential is indicating that there would be a at least time for a 2-4 Candle Correction.
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DAX BACK AT WEEKLY SUPPORTThe Dax has fallen recently, however, the price is still supported by the long term weekly
trendline and the dynamic support and resistance of the moving averages.
Price has formed a new low on the daily timeframe however if we see a bullish close today
we could assume it is a false break of the lows. In that case, we can assume the uptrend
will continue into the key resistance.
German Stock Index (12,500 is a strong support)Updated View On German Stock Index (5 July 2019)
DAX is in a decent bullish move for now since the 3 June.
It had broken up as the strong resistant of 12,420 regions and now it has become strong support.
SO, as long as the index couldn't break down below 12300-12500, the market is still in the UP beat move.
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Long GER30/DAXFundementally speaking, the chances of trade deal being resolve is very likely, in order for trump to win the elections post 2020.
We are likely to see big spikes during G20 meeting, when trump meets with Xi.
Remember trump's idea is a lower dollar and a all time high stock market.
He wants to create an illusion that the world is going into recession to make federal reserve cut rates.
After the rate cut, most likely we will see a US-CHN trade deal resolve, which will send the stock market's soaring.
i will continue to update this market as we go.
GER30 going towards 12000 again.In light of the tariffs negotiation amid the trade war between USA and China we have seen stocks and indices plummeting, the case of the GER30 is no different, we have it today falling towards 12000 level, and just below there is a resistance which if not broken and fundamentals spur risk on, we can see the price going towards 12150 again, otherwise will visit low 11800 again. At the moment of writing price pivoted around 12050.
MACD on 4h chart hits for further.
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DAX - Great upside potential with clear limited risk! DAX has much more upside potential here.
We should be in wave ((3)) now but if we see a pullback, it's highly probable for it to be wave 2 of this higher degree ((3)) but it needs to hold above 11860 in that case.
Of course, if we see a sharp decline going below 11860 and ultimately 11835 then the bullish count gets invalidated and we are still in a correction in that case