For taking a speculative long position you can assume that this triangle got broken to the top. At least we've reasched already the 50 % retracement mark of the last upward swing.
XETR:DAI Hi guys , how are you doing ? , I hope you're fine and having a nice time Let's take a look at DAI stock and check it technically : - the price is moving in a downtrend and according to candlesticks and momentum the bulls are not gonna break this downtrend . - the price has touched a polarity change range which has acted as a resistance lately -...
Today is the day, the Dax gets another family member from the Siemens family. In addition to Infineon, we can now also find Siemens Energy AG in the Dax. This special occasion, as well as an article from a well-known trade journal (pages 32/33) awakened my focus for the Siemens Group. In addition to Siemens Energy, I would also like to take a close look at the...
There is a lot of profit margin to reach the upper imbalance. This is a stock we are currently buying and have enough to risk to make the position risk free now after charges. Technically we have two very strong supply zones. Here the sell off was due to fear of the coronavirus effect. The airline industry has majority of which halted.. however the cheap price...
Big German stocks looking for ABC correction: SAP VOW SIE LIN BAS BAYN is one of the big stocks that is not clear. We see a triangle pattern on daily chart. If this breaks bearish then we have a big red week for the Dax DE30 seems to reflect this trend next week we will be looking for ABC correction
ABC correction oportunity price touched Fibo level and generated a big engulfing candle on the daily time frame indicating the beginning of the ABC correction
Key points to consider: - HUGE daily engulfing after touching 61.8% Fibo - H2 MACD crossover - Hourly chart 3black crows Price looking for ABC correction
XETR:IFX has a good potential to go up and is showing signs of bullish strength although more confirmation is needed. Before one considers to buy , I think closing considerably with a bullish candle above the green line (17.6 ) is needed as a confirmation .Once we break that level , it is likely to be heading towards around the 19 area and once we close...
DAX is trading within a Rising Wedge on the 4H chart which started on March 23rd when the previous bottom was made. Despite the fact that today it broke the Higher Low trend line, the technical indicators are neutral (RSI = 45.750, MACD = 8.800, ADX = 19.431) as the Support Zone hasn't been broken yet (10,225 - 10,165) and the 4H MA50 is intact since March 24th....
the market is not yet bullish. maybe he will try to cover the gap of 11354 . but for the moment. I think there is still downward strength. to the point 6240
The German index is trading within a Channel Down on the 1H chart and at the moment the momentum is sideways (RSI = 54.078) within 9,950 and 9,300 (Lower High and Lower Low respectively). If the Channel Down breaks upwards, then we will target the 10,400 - 10,750 zone while if it breaks downwards we will target the 9,060 - 8,800 zone. ** If you like our free...
Following our previous Sell Signal on DAX (Descending Triangle) which you can see here: We turn to a much longer time frame, the Channel Up since the December 2018 bottom. Among fear of the coronavirus outbreak, the index has crossed below the 1D MA200 (RSI = 32.658, MACD = -1.310, ADX = 34.677, Highs/Lows = -1.6279) and is now testing the Higher Low trend...
DAX is trading inside a 1D Ascending Triangle (RSI = 57.402, MACD = 123.300, ADX = 27.184, Highs/Lows = 79.6214) and currently is testing the Higher High trend line. With the RSI though on a bearish divergence since practically the start of the pattern, we are expecting a pull back soon. Notice how the RSI is also on the High of its Channel Down (bearish...
The index has made a marginal All Time High today but the 1D RSI remains on a bearish divergence (RSI = 59.286, MACD = 52.400, ADX = 20.325) within the 1W Channel Up. This pattern resembles the May- July 2019 top sequence which ended with a strong decline towards the 1D MA200 (orange line). If the 1D MA50 (blue line) is crossed again, we are expecting this time...
DAX is on a strong correction (short term for the time being) with the 4H Channel Down (RSI = 38.828, MACD = -65.800, Highs/Lows = -254.2571) approaching the 12,945 - 12,885 1D Support Zone. On the short term our 13,100 Target on the previous sell call has been hit: Right now we are focusing on where the Support levels are on this strong correction, and where...
DAX is trading within a 1D Channel Up since early November. At the moment the price is next to the Higher High trend line, which is technically an optimal sell entry assuming the pattern holds. With the RSI also at the top of its 2 month consolidation channel, we treat this as a strong medium term sell opportunity. Our Target Zone is 13,165 - 13,100. ** If...
DAX has been trading within a 1D Channel Up (RSI = 49.754, MACD = 14.200, ADX = 21.600, Highs/Lows = 0.0000) since the August 15th, 2019 bottom. This Channel Up is however very close to breaking to the downside, having also already crossed the 1D MA50 (blue line). Last time a 1D Channel Up crossed the MA50 and broke to the downside was in late May 2019 when the...