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DAX May Breakthrough Record Highs on New Government PolicyOlaf Scholz, a former German finance minister, took over as the new German chancellor on Wednesday replacing Angela Merkel’s Christian Democrats who ruled for the last 16 years. He was approved by the Bundestag, a German parliament, with 395 votes out of 736. The major German DAX stock index reacted calmly with a slight correction of 0.4% on Wednesday afternoon after a steep rise on Tuesday by 2.8%. Mr. Scholz is known for his sterling reputation as a competent executive and a professional. He is a strong advocate for supporting business and supported the billions that went towards the government aid package during the pandemic. The new German government has many plans in the pipeline including “green” energy expansion. Robert Habeck, the first-ever Green minister within the economy, has said that climate protection would lead Germany towards greater support of SME’s, renewable energy, and the expansion of the country’s aging electricity grid. Annalena Baerbock, a Green party co-leader who will become the first woman German foreign minister, has signaled a more assertive stance towards China and Russia, putting respect for human rights and the rule of law at the center of German diplomacy.  Germany as a country and its policies will certainly go through transformations. But the scale of such changes is hard to envision right now. As for the German stock market, it has clearly been signaling sideway dynamics since April 2021. Even the DAX’s new record in November at 16,920.19 points has not changed this nine-month trend. Technically, a triangle uncertainty pattern is forming in the German stock market with a support for the DAX index at 14,830-14,870 points and an upward-sideling resistance that is crossing the 16,300-16,330 landmark. Sooner or later the DAX index will leave the pattern with a likely upside spike. This must be confirmed as the current triangle pattern suggests uncertainty. In case of an upside swing, the growth potential of the pattern is within 1400-1450 points or 9%, which means a target of 17,800 points. Alternatively, if the index drops below the support at 14,830-14,870 points, we may have a downward correction to 13,400-13,500 points.
XETR:DAX
by scavoanastasiia
Monday: DAX - Week 47Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
OANDA:DE30EURLong
by INotFancy
1
German Stock Index DAX (It shall be Lower)View On German Stock Index (8 Oct 2021) We have a strong bounce in the recent days and it has proven 15,000 level is a strong support. So, it can drift up higher before it gets weaken again. I doubt it will start to get weaken by the time, it reaches 15,600 region. Eventually, it shall go back down again. Let's see. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. alien
OANDA:DE30EURShort
by SonicDeejay
1
Monday: DAX - Week 39Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
OANDA:DE30EURLong
by INotFancy
Tuesday: DAX - Week 36Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
OANDA:DE30EURLong
by INotFancy
DAX finally got a knee-jerk?The yellow circle is a nightmare for every trader, lots of energy has been accumulated there but the crash occurred. Considering the red circle as a bear trap and as bulls strength demonstration, we are coming to the same point and this time the chances to break up are much higher. So I am preparing to go long DAX, with SL somewhere in the middle of the channel. Looking for some turbulence near the channel resistance but it should not be serious since everybody has been fooled.
XETR:DAXLong
by crazywlst