Troubled DAXThe DAX (GER30) is in a troubled zone of congestion and seemingly fighting to stay afloat.
Don't expect it to just roll over swiftly - though anything is possible. We're looking at a sharp rejection of the 2H ATR line. This analysis does not apply to any other time frame.
But taking a steer from the 2H, there is money to be made (and lost) on much smaller time frames - if you know what you're doing, that is.
Stay safe, wash your hands and face, wear a FFP3 mask if interacting with unknown others, don't rely on herd immunity - don't follow 'herds'. LOL. 😁
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.
GER30 CFD
Nas100This is just for practice on supply and demand trend trading plus one indicator for confirmation, 50 EMA for identifying trend on D1 timeframe and stochastic RSI for confirming entries along side Japanese candlesticks. This post is my bias for coming week. I will be looking for longs only on Nass100!
DAX GER30 The "Main Trend Is Always Up" Game is coming to an endDAX / GER30 : The "Main Trend Is Always Up" Game is coming to an end...
Even though it may seem that DAX futures could recover somewhat from the losses of the today's core trading session, it is important to keep in mind how the 3 and 4 hour trends are developing in the meantime.
Have you been following the German and European news in the last few days?
They say that according to the "efficient market theory" everything is already priced in, but I think you shouldn't switch off and do use your own mind.
Take care!
ReallyMe
DAX - get ready for head and shoulders patternThe German stock exchange index DAX has been creating a potential head and shoulders pattern on the daily chart. After the spring and summer rally, the market has been consolidating and creating a potential distribution in the area of the bearish gap from February.
The whole movement looks like a possible head and shoulders pattern where the left and right shoulder seem to be at the same level and the head is just above the shoulder.
The neckline could be located at 12313 pts and if it is broken we may expect another decline to the next possible support level set by the June low at 11545 pts.
This scenario may change only after a breakout of the resistance at 13227 pts.
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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.
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DAX 30 BuyWe are definitely in a bull market! For this week , I expect price to push up to the July high of 13283.70. These are some possible routes it will take to get there:
Scenario 1 -Red arrow
Price shoots up in the early hours of Monday, reaching the August high level of 13103 . Finding resistance ,it will bounce down to the 1300 level which is a significant psychological level (Price already tested this level on the 9th of October and failed to break through) before starting to make a greater push upwards .Once the Aug level of 13103 is broken, price will go unchecked until it reaches 13200 which is another physiological resistance level.
Scenario 2 -Green Arrow
Right off the bet price breaks the resistance at 13103 and pushes up until it finds resistance at 13200 , causing it to fall back to the Aug high level 13103 which then becomes support resulting in a greater push to the upside until price reaches the July high level of 13283.
Scenario 3-Puple Arrow
Price shoots up to the Aug level in early hours of trading but begins to go down by London open, only finding support at the June high level of 12943.53 and then starting a run for the July high level of 12943 with possible resistance at the 13200 level.
head & shoulder pattern on Daily chart!head & shoulder pattern on Daily chart! it should reach during oct. 13160-132k than flush-down from there until dec and further. Pls consider your own risk and levels. good luck.
DAX Buy SignalPattern: Channel Up.
Signal: Buy as the price is forming a Bullish Flag , which has been a bullish break-out signal in the past 2 occurrences within the Channel.
Target: 13150 (short-term) and 13500 (long-term which is the -0.5 Fib extension).
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German DAX 30: Which three humps will it be?German DAX 30: Which three humps will it be?
If you look at the past months, you can always see the three upward humps on the 3h chart of the DAX (look for the blue MA48 line on the chart): 1-3-5, 1-3-5, ...
Well, I wonder which three humps will be in the next few weeks?
A bull flag is a continuation pattern ideaA bull flag is a continuation pattern idea, Pls consider your own risk.
GERMANY 30 - DAY TRADE VIEWGER30 - Looking good for a selling opportunity , My approach will be a short selling position close to 12770
Maintain stop loss around 12840
Potential downside target 12670 - 12545
Follow the levels as mentioned.
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