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
GER30 CFD
DE30 Intraday Setup. GER30 - Intraday - We look to Sell a break of 11378 (stop at 11472)
Prices are extending lower from the bearish flag/pennant formation.
We can see no technical reason for a change of trend.
Our outlook is bearish.
Trades at the lowest level in 21 weeks.
We look for losses to be extended today.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 11113 and 11015
Resistance: 11700 / 11950 / 12050
Support: 11500 / 11400 / 11100
DAX targeting 13000 if the 1D MA200 breaks (3 year pattern)This is an interesting 3 year pattern for DAX. Since 2018, every time the 1D MA200 breaks as a Resistance (index closes one 1D candle above it), DAX rallies to at least the 0.786 Fibonacci retracement level of the previous Top.
Right now we are testing the 1D MA200 and the 0.786 is at 13000. Will history repeat?
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NASDAQ Potential sell setupHello traders,
Nasdaq is currently in a downtrend and we are looking for potential short positions. Price is respecting the downwards trend line and we will be looking for price to reach our sell zone and touch the trend line before looking for sell signals.
Our trading plan goes as follows;
TP1: Close 50% of position and move SL to Breakeven. Remaining position is 50% and risk free.
TP2: Close 25% of remaining position and move stop loss to TP1. Remaining position is 25% and profit is secured.
TP3: Full take profit is realised.
Good luck and Happy Trading!!
Dax30- Where to short it?My 11500 target was hit and now the German index is consolidating just above this support.
A correction from this point is not out of the question but with EU imminent lockdown I expect this to be short-lived and a new leg down is just around the corner.
12k zone is a great place to sell Dax30 and a target of 10k for swing traders is very probable
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 11428 (stop at 11521)
Posted a bearish Flag formation.
A break of 11450 is needed to confirm the outlook.
This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside.
Our outlook is bearish.
Trades at the lowest level in 18 weeks.
We look for losses to be extended today.
Trend line resistance is located at 11640.
We can see no technical reason for a change of trend.
Our profit targets will be 11151 and 11081
Resistance: 11700 / 11800 / 11950
Support: 11550 / 11450 / 11300
Update: Nasdaq Potential ShortHello Traders,
This is the update to our previous analysis on Nasdaq. The first position hit stop loss but we managed to get another entry on the next candle due to the rejection signifying selling pressure.
We have closed 50%of the position and are currently risk free.
We took a second entry as price approached the trend line again.
Good luck and Happy Trading!
US30 Potential shortHello Traders,
Today we've been presented with a potential short position that we have currently executed.
The idea behind this is that price is in a downtrend and we have been presented with price pulling back to the trend line. Price has rejected the trend line and the 50.0% to 61.8% Fibonacci retracement zone.
Our trading plan goes as follows;
TP1: Close 50% of position and move SL to Breakeven. Remaining position is 50% and risk free.
TP2: Close 25% of remaining position and move stop loss to TP1. Remaining position is 25% and profit is secured.
TP3: Full take profit is realised.
Good luck and Happy Trading!!
DAX COLLAPSE POSSIBLE: Does history repeat itself?This is an analysis of trend formation.
The DAX (Ger30) appears to be in a precarious position. Several features are shown on the charts.
No one knows what the future will bring. Some may have ideas but no one can know the future. Sound traders take positions with an acceptable, affordable loss.
Looking back to 25th February 2020, no one knew with near certainty that the DAX would fall further from around 12600. Then it happened. This does not mean that in the current situation, I'm saying that the DAX will fall in the same way from 11600. It's a strange coincidence though that '600' appears in the numbers. Please do not attach significance to that.
Some have been disappointed that I do not do predictions. I've explained my position on predictions before. Trend following requires no predictions. Why? Because one is just following the markets rather blindly! I've also explained how my unique methodology works in other posts.
On a related note you can see that one thing the markets are deathly afraid of is the effects of COVID-19. Well, around now the world is facing second and third waves of the virus heading at speed for Winter in the Northern hemisphere.
I have evidence for both second and third waves. Due to house rules this is not posted here.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Germany DAX 30 - if things unfold slowly...Germany DAX 30 - if things unfold slowly...
I could imagine that it would develop like this.
The temporal extension of the pattern is uncertain.
Market time is relative. It can happen faster or slower.
Just an idea to share and to check later.
No investment advice. Use your own judgment to trade.
Stay safe, everyone.
ReallyMe
Dax30- Target hit, now what?IN my previous analysis on Dax30 I said that although "timid", we can see an H&S reversal pattern for the German Index.
A break occurred and the price dropped quickly to reach the 11500 target.
In my opinion, we are at the beginning of a medium-term downtrend, and 12k should be very well defended by bears.
Sell rallies around this price could be a good strategy with a great R:R
DAX / DEU30, daily tf, buy on support at oversold conditionHello my friends,
Today i spotted a good setup on DAX / GER30 indicies.
After marking all the potential support and resistance, i found that price currently on support level.
Price go down aggresively since 12600 to 11600. It goes down 1000 pips in just 3 days.
We could see price retrace back up to close the gap before continue south.
Buy DAX / GER30 at 11600
Stop loss at 11400
Take profit 1 at 12000 (2R)
Take profit 2 at 12500 (4.5R)
Use only 1-2% risk
Good luck
DAX Crash | Covid-19 Retest | Bearish Primary C | 2500 PointsLISTEN UP AND LISTEN WELL!
THIS IS MY ROAD-MAP FOR DAX TRADING!
Sep 2020 - Dec 2020 Prediction
I am looking at the stunning reflection on DAX, on what it did in the past. These are called Fractals, self-repetitive patterns.
The Fractal is taken from May-Dec 2018 (blue color).
As per this Fractal, DAX is gonna hit the 10K mark, in gradual bearish swings. The shorting is just starting, as we speak.
THE RED DOT WILL SHOW YOU WHERE WE ARE RIGHT NOW.
My Elliott Wave Counts are in tandem, so are the Harmonics and Fibs.
We should have a retracement on DAX, but MAX 12500.
A 1500 points drop will commence there.
I WILL BE SELLING ALL PULL-BACKSS!
DAX (GER30 / DAX30) has completed Primary B (red), and now in the bearish rotation Primary C (red), for a retest of the Covid-19 Fibonacci Retracements (61.8-78.6%).
Good luck and many pips ahead!
Richard T.
ridethepig | DAX into the elections and beyond📍 DAX gaining tempo
The previous 2020 macro map, outdated as it may be, contains the overarching manoeuvre which we can now describe as a compounding play.
It is as follows: my models started to pick up on the alarm bells towards the back-end of last year, and hinted of DAX making revisiting 10,000. The compounding is going to be of great importance, when we realise the 5th wave is still (yet) to complete.
By the time private clients began to call outguessing the Green / CDU coalition and 'Green New Deal' it was too late... and there now occurs two dominos: if DAX retests the lows in a panic move, and sellers force through a retest of the lows for a second time and then the new economic cycle can begin in 2021/2022.
Moreover, for those trading the single currency, we are going to get major updates here as we enter into 2021 and digital currencies come through the backdoor. This fact paves the way for perpetual bonds which are on the way to act as a trojan horse for government defaults is of utmost concern. The brutal bear market rally in the euro is not going to help german equities over the coming months, and the ECB knows it which is why they are signalling distress signals louder than usual.
DAX - first H&S pattern completedIn our previous analysis about the key German DAX index we have mentioned about two potential head and shoulders patterns. One is larger than the other. The market has created a strong downward movement and has completed the smaller pattern.
The neckline has been broken and retested as a potential resistance. After that the price dropped to the textbook target located at 12037. However, still the larger pattern is not to be finished yet. The potential target is located at 11545 pts. The nearest resistance seems to be set by 12313.
________
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.
#Dax30 4H chart Long Idea #DAX30 just made a new LL to retracement to another LH to 12830-50 with an option to breakup. Please consider your Levels of S and R. Good Luck
DAX Expected Price Target and Price ActionThis is the price action and the target for DAX.
Disclaimer: This is not financial or investment advice
Stay healthy, trade safe.
Atilla Yurtseven
DAX correction coming soonGiven the rise of uncertainty in Europe and in the world(elections, rise of COVID cases and possible quarantine measures by European countries), we should see a DAX correction coming in the next few weeks.
Still, I believe that we will see a one last push to 12800 and maybe even 12935 at the start of the next week before we'll go down in the first few weeks of November.
The effects of a possible lockdown won't be as big as they were in March for the stock indexes, because nowadays, we know way more about the virus than back then, so that's why I'm going only for a 10% correction(11600 double bottom from June)
Good luck!
