Dax larger time frame up to no good - possible repeat here - rather uncanny similarity on the stochastic line
- larger trend remains bearish
- potential fake dump and pump in process but END GAME is MUCH LOWER
- worth watching
Germany
Everyone is bearish but - worth watching the indicator giving the signal of a potential turn
- using VIX also as external indicator
- invalidated if price broke below 9660 imo
- patience on this setup is required though as it is against the current trend
Cypher formation on the DAXThis cypher pattern on the DAX could form in the next week or two.
Trade set up indicated by the boxes on the right (enter at boundary between green and red, SL at top of red and TP and bottom of green).
DAX - Bears are being reinforcedResistance - 9921, 9990, 10,112
Support - 9770, 9675, 9484
Prices are struggling to re-enter rising channel or rising trend line area, thus signalling bears may be getting reinforcements.
Drop to 9770 levels looks possible as that would mark completion of gap filling exercise (gap up opening on April 13th).
Short-bearish invalidation is seen only if prices see a daily close above larger falling trendline hurdle seen today at 9990.
Posible buy option on breakout?on the large scale theres a funnel formation indicating a rise. since 2016 this pattern also looks to me like it could be a buy option until around 97.50 (786 on fibs) to do this it will firstly need to break the downward trend resistance line.
DAX - near term short correctionECB is in wait and see mode for now which means equity markets in Europe need to rise without further stimulus expected in the near term. If macro data will outperform the brake above 10500 points in GER30 is possible, even though weekly price action is bearish.
USOIL WTI Crude bullish divergence in H1USOIL WTI Crude bullish divergence in H1
possible targets 36.70 and 37.70 if trendline holds backtest
Dax can't cope with the round 10000 levelGerman Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...
DAX false break out, nose diveGerman Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...
GER30If dax breaks the trend line (9500) suggest a sell all the way down to 9000 and below, however more likely scenario it bouncing up the trend line to 10,000+
An Attempt to Decipher Ger30I do not know what will eventually happen,But until then, staying the OODA Loop I've tried to take pulse of the chart.
The bullish intentions have been made clear. Lets see which setups plays out eventually.
Would have been stronger if this close was above the large red candle on left. (off by some 40pips)
Hence this keeps the options of deep retrace very likely.
Especially for next leg up to Bollinger mid.(34 MA) which may meet price at the 10000 by then.
This down move likely to be to
- Retest of trendline break
- Retest of MA's 10
- 30-50% retrace of last 3 bulls weeks
- Test yellow resistance turned support zone.
One of the few Possibilities for coming years - GER30I just realized i had posted this chart as private 2days ago. Wish they have a convert function. :) Hey ho.. here is the progress since then. Still valid.
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We don't fully know which of the fundamentals news would be used to drive this up and then down.
However, IF there happens to be such news events, this could be a set of potential price action movement in near future.
This charts is just for reference and will be interesting to see how the market actually moves in coming months and years.
Price action behavior at 10800-11000 will eventually indicate if this full set of move will occur in this fashion.
Though a possibility,At the moment, it would be too early to project the third push with a degree of certainty.
Update status
DAX30, shorting setup!DAX30 is about to hit a resistance level that previously got double topped+the current bearish trend line.
Chances are high that it will not break 9560-ish level. Thus I would see it a very good and relatively safe opportunity to go short on this one!
Safe and successful trading!
RED Support vs GREEN resistanceIMO that RED line should hold for another attempt to penetrate the GREEN channel.
Its a minimum requirement for ongoing bullish trend and for penetration.
Potential DAX trade for tomorrowApproaching the apex of the symmetrical triangle drawn here. I am hoping for a break out to the downside at point 7. I would then expect a pullback at previous structure, and then have a main profit target at strong levels of previous structure.
The upward break at point 6 is also potential for a small trade.
