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German

German Dax Long Trade (The last one for a long time!!!!!)Now is the last chance to start a long trade in the German Stock Index DAX. (GER30) The ideal Aim would be at arround 10545. A StopLoss could be at arround 9500. It is very important to set this SL!!!!!!! Because if the market goes down, it could go down VERY FAST. Especially if it goes bellow 9500. The last resist would be 9350 bellow this level. Then we could see 8350.... A long trade today is much risk, therfore you also can look for a short trade at 10540 instead!
FX:GER30Long
by neurotrader
2
DAX YOU CAN! (2)Hello Family, DAX has gained even more traction as the buyers kept pilling up and USD creeping up - I see USD shooting to the height of 114.750 within few hours today or by tomorrow the latest. Dax seems to be in a good shape and might hit my second TP @10090 :) finger crossed - but I I recommend a quick TP @ 10027 as well if you will... Notes: pay attention to the V retrace candle formation, this may occur should market condition changes...but don't panic:) - just go with the flow; if you know what I mean? ( Can't say it here) lol Remember to set your SL accordingly should you by any chance choose to walk away from your trade. Happy trading Dr.
FX:GER30
by DR.
1
A Possibility on Daily - Dax/GER30Been Looking for a break to upside for last couple of weeks. (17/18 feb) when the downward trend line broke. Now that break has been retested and and the mid channel has been broken with clear intent. Would be looking to but the dips and trade with knowledge that we can get a 60% retrace of last leg down. Many may view this as Head and Shoulders pattern too. This view seems to be in accordance with my monthly view in linked chart. Lets see how this pans out.
FX:GER30
by Neel_K
1
DAX - impulsive decline, picture looks increasingly bearishIt's been a while since I updated the long term count. My intermediate bearish view was confirmed in the mean time with DAX putting in a spike above the previously indicated magenta TL from the ATH, however quickly losing momentum and failing also to keep above the 200d MA. The decline from ATH was very choppy, with waves which were difficult to count, so there is a possibility that this big wave is all just a corrective wave 4 in the form of a double 3 (see the blue count - A-B-C, then the red A-B-C up, and now could be just another bigger A-B-C down). The other option is the more bearish one in which we have a nested wave down (a series of 1-2 waves, with the current wave being either a 3 or yet another serie of 1-2). However, regardless of the bigger term picture, what is more worrying for longs is the fact that the decline off the 30th of November lower high developed into 5 waves and took out the September low, therefore cancelling the more bullish counts which were based on the red C wave being a 5 waver and actually not a C wave but a 1 or a wave part of a bullish move. This means that the next bounce (which could be quite big) will most likely be a corrective wave only, so an A-B-C, which would be a nice short opp, since the following decline will take out the lows at which we will bottom these days (or maybe weeks). On the more immediate term, it's difficult to say where we will bottom. We have already 5 waves in place, but the 5th could always extend. In any case I would use the next bounce as a short opp, rather than try to buy it. What is most interesting is that the LT projection from mcm, nailed a very important intermediate top - the high of the red 2 from Dec 30th. mcm-ct.com For questions about the analysis feel free to visit the site or contact me via email at alex@mcm-ct.com. GL to your trades!
FX:GER30Short
by alx13