GER30 CFD
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.
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 13559 (stop at 13669)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
We look for losses to be extended today.
A break of 13560 is needed to confirm follow through negative momentum.
Pivot support is at 13220.
Our profit targets will be 13252 and 13151
Resistance: 13730 / 13900 / 14000
Support: 13560 / 13420 / 13200
Ger30 BULLISH INTRADAY IDEAGER 30 seem to have formed a double bottom around price level 13585 creating a new bullish trend, We may also have 3 white solders at the top of this trend around 13829. Lets see if we can test the top of price structure at level 14023.
Risk to Reward 2.6:1
DAX - possible head and shoulders patternThe German index DAX has been forming a potential head and shoulders pattern with possible right shoulder forming right now. Looking at the chart we could spot the nearest potential resistance at 13985 USD. This is the area where the right shoulder may end. If it happens we could expect a downward movement.
The first confirmation for the head and shoulders pattern will be a breakout of the neckline. If it is broken the market could fall to the textbook target at 13146. It seems that only a move above the recent high at 14131 may change the described scenario.
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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.
76.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
DAX BUY SETUP Hey tradomaniacs,
I smell fake-moves in the Forexmarket...
US-DOLLAR retraced very well while the stockmarket moved up!
By the way: DAX (GER30) is giving is a great opportunity here 👉
US-DOLLAR should drop if Indicies continue to be that strong❗️
Since prices vary from broker to broker I make no detailed call here. ;-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
GER 30 Buy the uptrend.GER30 - Intraday - We look to Buy at 13759 (stop at 13675)
We look for a temporary move lower.
Dips continue to attract buyers.
We look to buy dips.
Daily signals are mildly bullish.
Trend line support is located at 13760.
Our profit targets will be 14015 and 14088
Resistance: 14000 / 14030 / 14135
Support: 13900 / 13800 / 13700
GER30 (DAX)As described in my last analysis, the Dax has reached with the last high at 14137 only the minimum target, in the form of the 0.618 extension, of the yellow circled z. In all other waves, the mandatory targets have already been reached. However, there is still potential to the upside. So far, only the 0.618 extension has been reached in the pink (z). The next level the 0.786 extension is at 14204. In the drawn alternative, we would have with the high at 14137 only the green Alt. (w) of the yellow circled z completed and with the Friday low the green Alt. (x) finished. Should the market still aim for a new high from here, the ideal target here would be at 14235. In the vicinity of which also lies the mentioned 0.786 of the pink (z). From therefore a quite attractive target, which I like in principle much better than the current all-time high. What speaks against it, however, is that the market has run in late Friday trading again towards the low instead of clearly break away from it.
A decision will probably be made early in the next trading week. Ultimately, the DAX is very likely to suffer significant losses soon and a new high, would only delay this by a few days.
DE30 in Head and shoulders.GER30 - Intraday - We look to Sell a break of 13818 (stop at 13889)
We are trading at overbought extremes.
Rallies should be capped by yesterday's high.
A bearish Head and Shoulders is forming.
We look for losses to be extended today.
A higher correction is expected.
Our profit targets will be 13606 and 13511
Resistance: 14000 / 14100 / 14200
Support: 13900 / 13800 / 13700
DAX30 Buy a break setup.GER30 - Intraday - We look to Buy a break of 14144 (stop at 14065)
We are trading at overbought extremes.
We look for gains to be extended today.
A break of 14150 is needed to confirm follow through bullish momentum.
Daily signals are bullish.
Short term MACD is moving higher.
Our profit targets will be 14384 and 14464
Resistance: 14100 / 14200 / 14300
Support: 14000 / 13900 / 13800
Ger30 and its developement for the next weeksLet me know your idea and opinion about my setup. I think there is a big opportunity to profite big and huge in the DAX30 right now. On monday, we have to fill two gaps and go for a bigger correction phase before trying again the 14000 resistence zone. Since there won't be much liquidity and buyers to find above 14100 the price will most likely fall to the previous liquid zone. It should be noted the Ger30 is traded illusive and unfairly high so other indices like Nasdaq and S&P or Dow Jones.
DAX High alertPattern: Channel Up on 1D.
Signal: Sell as the MACD is flatlined and could repeat the September 2020 sequence.
Target: The 1D MA50.
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Ger30 1th week 2021The G30 is bullish but in a corrective stage. Either it will close the gap at the last week's point or at the last month's point.
GER30 Sell a break setup.GER30 - Intraday - We look to Sell a break of 13759 (stop at 13831)
We are trading at overbought extremes.
A higher correction is expected.
A break of 13770 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
Our profit targets will be 13543 and 13413
Resistance: 13900 / 14000 / 14100
Support: 13770 / 13630 / 13550
ger30,DAX,DAX30, short this is a short as in it really near all time high and soon going to break because of global reasoner that are going in the upcoming time.
in a bigger picture it is following a very high push upwards so might as well go for another high records but it closely follows Dow. the new York exchange and hence can be highly volatile due to the pandemic .
overall many retailers want a short as it has been a very strong upwards sueeze but to cannot fight against the banks youll have to always respect the big sharks in the market
DAX - the huge bearish gapThe German DAX index has opened with a huge bearish gap. Thus, the market seems to fall below the key support level at 13452 which has been a previous resistance. Currently, the market is testing another potential support at 13022. However, if it is broken we may expect another sell-off with a potential target at a previous gap near 50 percent Fibo retracement.
If this gap is filled the correction may be finished and a new upward movement may be created in the near future. From the larger perspective, the DAX index may also create a potential inverted head and shoulders pattern.
________
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.
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.