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Germany30

Classic wave 4️⃣ action! The DAX opens Wednesday's trading session flat, while concerns about the coronavirus pandemic and its impact on the economy continue to dominate among investors. U.S. President Donald Trump had instructed the government and his party the evening before to refrain from negotiating with the Democrats on further aid measures to deal with the virus crisis until after the election. In both scenarios we are assuming a further imminent upward movement in the direction of 13,000 points, but at 40% we still have to take into account that the market will slump again afterwards. As long as the DAX is trading below 13304 points, the underlying downward scenario remains valid. Direction: 11500 - 10500 points.
EUREX:FDAX1!
by MarketIntel
ridethepig | DAX Q2 Macro Chart Buyers of a V shaped recovery constitute a formidable opponent; the purpose of the bounce was not to recover but only to re-balance and rightly so. Of course, retail have another account and while the 11700 highs are holding continue to load thinking everything is roses and business as usual... You see, a sound position has at least 5 waves in the impulse and a double ABC in the retrace. In such circumstances, the short-circuit and its remaining furloughed businesses hardly make a very bullish impression. A bit of a hat trick for @ridethepig after such a battle! .. In any case, if sellers claim back the highs and obstruct any breach the end scenario looks rather miserable. Sadly we will have another leg lower in Global Equities, this will turn out to be the sweep that caused depression and forces capitulation from even the most experienced of hands. In spite of the advanced environment, this chart will demonstrate how and where an advance on the wrong side should and will be punished.
OANDA:DE30EURShort
by ridethepig
5
DAX Sights All Time High 13800Hello Fellow Traders! Indices experienced slight recovery last night with SPX (US500) up 2%, Nasdaq up 2.94%, UK100 up 1.39% and DAX 2.07% The SPX (US500) has broken pre Covid highs aided by the US tech sector, while the broader market has struggled to test related levels. The DAX has positioned itself for an advance to reclaim historical levels. Caution: This zone will act as resistance. Also, this trade is suggesting the global markets will bounce in the short term. Key Points: - Price holding above the 200 EMA - Price holding above the 50 EMA - Above all Fibonacci levels from the Covid range drop. Next resistance is the All Time High. - Covid Gap from initial drop has yet to be filled. - RSI positioned for upside Key Levels: Support – 13100, 50 EMA, 12850, 200 EMA Resistance – Caution Zone, 13450, Above Covid Gap, 13800 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 13000 Supporting Entry – 13100 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above 12850 level and/or violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 13000 – Target 1 13450 = 3x Reward to Risk Optimal Entry 13000 – Target 2 13800 = 5x Reward to Risk Supporting Entry 13100 – Target 1 13450 = 1.5x Reward to Risk Supporting Entry 13100 – Target 2 13800 = 2.7x Reward to Risk
XETR:DAXLong
by tradetheday
8
DAX trade planDAX is at an interesting level. Now price moves along the uptrend line, tried to break it but could not close below. Stuck between 50 and 200 SMA's showing consolidation. 1st trade is to wait for the break of 50SMA and the high of 13129 to buy and target higher levels. 2st trade is to wait for the break and close below the support zone and 200SMA to sell. The selling strategy is higher risk, so we need some serious news in the market to improve our chances. Please support the idea and share your thoughts on DAX! Good Luck and Stay Healthy!
OANDA:DE30EUR
by Antonio_trader
1