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.
GER30 CFD
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 (DAX Index) 1hStable under Yellow zone will get SELL
ENTRY point = 13700
Blu line = TP
Red line = SL
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.
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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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GER 30 (17/12/20)Sometimes you will find it is difficult to identify the wave structures in detail. The best way to overcome this issue is to calculate the number of waves that appear in the chart. if 7 or 11 that means the wave is a corrective wave. If 9 or 14 that means impulse wave. In DAX I found 7 waves which means the corrective wave is about to complete but there is a small triangle that motivates me to buy it and targeting a new top which is a missing wave in the impulse structure.
