Joe Gun2Head Trade - Fading DAX strengthTrade Idea: Fading DAX strength
Reasoning: Price action stalling at the recent highs
Entry Level: 14249
Take Profit Level: 13874
Stop Loss: 14332
Risk/Reward: 4.48:1
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Germany
GER30 24HR 4HR 1HR FRACTALdiving into the time frames helps increase probability of a trade success. Conclusion from GER30 is don't expect major upside potential in the short term.... Targeting the ADR low
Bullish fundamentals, consolidating technicalsFundamentals
The war in Ukraine and the resulting sanctions have led European countries such as Germany to rethink their dependency on Russian natural gas. In fact most European countries are actively pushing for banning Russian natural gas imports and substituting it from other sources. Such a move requires a massive investment in new natural gas infrastructure, such as liquified natural gas terminals, new pipelines or general technical improvements of the natural gas grid. All these technical changes of the natural gas grid have to be implemented by someone with relevant experience and track record. In this respect Friedrich Vorwerk Group XETR:VH2 seems to be an excellent fit for that job.
Technicals
Since the start of trading in early 2021, the price action has followed a downward trend. But all that abruptly changed once the war in Ukraine started. Since then the stock has made decent gains up to the point of being technically overbought. These overbought conditions seem to be getting worked out by consolidation at a very strong support of around 36.7. It seems to form a bull flag pattern on the daily and since all the fundamental tailwinds are still in tact there is little reason to doubt that there are more gains to come once the technical overbought conditions have been worked out.
DAX LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on DAX as price takes out the weekly lows liquidity + old lows sell side liquidity. Price filled the D1 imbalance and takes out stops below 14.000 institutional figure, if we will see a bullish closure on the H4 with this ,,hammer,, candlestick there is a high probability of the DAX going higher alligned with the US STOCK MARKET correlation that should rise.
What do you think ? Comment below..
you know what!! I don't know either!Is a war coming to the German people? We all hope that this will play out it a diplomatic way, but the market are showing fears. Market strcutre looks great, inverted head and shoulder, broken trendline, and a Doji.
SPX us500 s&p 500 Hello receive a cordial greeting.
You have at your disposal a brief technical analysis of the S&P500 We have as the most likely scenario a lateral or slightly upward movement in the short term and in the medium term caution possible bearish movement. Key support and resistance are at your disposal.
Kind regards L.E.D.
In my opinion DAX will fallThis is my glance at situation (it's not recommendation) and I'm curious what do You think ?
In my opinion DAX will fall.
AT:
- lowering triangle
- still move to the downside
- if resistance fall, move will go lower
- rising volumen when falling
Fundamentals:
- bad situation in europe
- bad bank situations
- sanctions from Russia
- unfortunately progressing escalation of war in Ukraine
Potential drop in German Dax Potential drop in German Dax due higher escalation and uncontrolled inflation above expectations in Eurozone.
Why: cos i think Russia will place in polish, latvian and romanian border more troops to threat NATO.
Odessa is going to be conquered so Black sea with Turkey will be fully Russian (Strategically excellent)
Also a big issue for countries like Finland and Sweden will be to adhere to NATO , in that case I strong believe Russia will attack militarily those countries.
DAX 12.800-13.200
(11% from current levels)
SP500 will drop too, also its important to US Equities to understand that CHINA will raise tariffs to US Good. Why ? Due to economic sanctions from UK/UE/US to Russia an allies.
Allies: Brazil, Argentina, Serbia, Turkey, Nigeria, Philliphines, Iran, North Korea, Kazahzstán, Syria, Hungary, (part of Italy),,,so be careful for rising escalation which.
Remember that real problem is much more important such higher and permanent inflation.
we must put buystop above red line near 15260if low not break(need big bad news) , we will see very powerfull + up trend soon ,so dont fear looking for buy on dax but very low size and SL in low or day low ,then wait 7-10 day (dont close soon , after 80 point profit,move SL to open price,let it go minimum to fibo 61% =15740
dax can create + butterfly pattern too
good luck
on dax watching and monitor 8month AC accelator occilator in 30min and 4hour chart , you must find its secrets and reactions( 90% of pro dax trader use AC on dax specialy AC on 4hour )
DAX is approaching its bottom. Which indicators to look at.DAX has been trading for long within a very specific set of indicators that have very accurately signaled tops and bottoms. The top was eventually priced as per our update earlier this year:
The signs of exhaustion were clear at the time. It wasn't just the fact that the index was trading near the top of its Channel Up but also the 1D CCI indicator entering its long-term Resistance Zone.
Right now, if the index doesn't find support today on the Internal Pivot line, look for two things then: a candle wick below the 1W MA50 (red trend-line) and mostly the CCI hitting its Support Zone.
Once the above parameters are met, our next target on DAX will be the 16400 - 16600 Zone (the 1.236 Fibonacci extension as with the November 19 High).
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GERMANy COVID-19: DramaticAM described Germany's COVIS-19 situation as Dramatic.
We concur.
September 13 was the date is was clear... and it started from August.
See how a virus spreads as the last four weeks accelerated much faster than the previous four weeks, so much so, it is visible by eye on the MACD Histograms
fasten your seat belts, the rocket is ready for take ofthis is not an analysis, more a very important information I want to share with you. Please keep in mind, this is not a trading advice.
As reported in several German newspapers, the future German government is planning to legalize cannabis.
Here are some articles I found (only in german, but google translate might help)
www.spiegel.de
rp-online.de
www.n-tv.de
EURUSD- Major Support Lost 🔻Back in December 2020 we posted: EURUSD - Buy to Mega Resistance 1.232 (then SELL BIG)
Indeed the price got rejected at exactly 1.232 and our 'Big Short' on the euro was on.
Our second post confirmed our analysis:
Allow me to say that was in a period where almost everyone was expecting the dollar to drop, we even had some of the usual debates here on Tradingview and on chats. We were right.
Throughout the year we had given you amazing new entries for short positions (you can check them below) as we were clearly anticipating ' a Cheaper Euro'
June 16 was the last time the price lost a Major Support , just as it did today. Here is what happened:
I will not cover fundamentals, you probably know them if you are here. i will only say this:
Germany prefers a cheap euro. Makes exports stronger. DAX also.
Not sure it suits too many other Europeans. Good that we carry dollars ( and usdt - think about it for a second )
EURUSD Can now dip further. Eventually even to parity.
the FXPROFESSOR
ps. where is Donald Trump? He ALWAYS complained (and allow me to say he was damn right!) : www.theguardian.com
DAX analysis 1D | Signal• If the Dex price can break the 15600 area upwards and if the good support voloume, the price can climb to 16,400 points and touch its 6-month uptrend line.
• The price of 16,400 areas is very important, because the highest volume of transactions in the last 7 months has taken place in this area.
GER30 LONGHey traders, today we are monitoring GER30 for a buying opportunity around 15682 zone, once we will receive any buying confirmation we will execute the trade.
remember to use proper risk management especially with the INDICES since their movements are more big and violent comparing to forex pairs.
Trade Safe, Joe.
Double Bottom in German Bunds, Expected Rally to 171.2Trend Analysis
The main view of this trade idea is on the 15-Min Chart. German Bunds (FGBL1!) formed a double bottom or W chart pattern setup after testing 169.60 support and break above 170.3 resistance. Expectations are for the uptrend to continue, with the completion of the setup being around the 171.20 price level. Failure of the setup will be observed if FGBL1! were to decline below the long term moving average, taking the price to 169.80.
Technical Indicators
During the course of the double bottom setup, the respective short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages had positive crossovers. Currently the price is trading above the respective MAs. Other technical indicators are also displaying bullish signs. The RSI is trading above 50 while the KST recently had a positive crossover.
Recommendation
The recommendation will be to go long at market, with a stop loss at 169.80 and a target of 171.2. This produces a risk/reward ratio of 1.37.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in FGBL1!.