Germany30
DAX - Positioning to buy a dip GER30 is Bullish - We look to Buy at 12110
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Trading within a Bullish Channel formation.
▪️ Bespoke support is located at 12110.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 12110, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 11980
Target1: 12575
Target2: 12800
DAX outlookPrice ranging from last week, closed near support.
Waiting for the break and close of the candle through either either support or resistance.
Opening of the market this evening may create a gap and be volatile, best to see overnight and wait for Europe to open for less risk.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
Dax. Short hourly divergenceNice Divergence on the houly Dax. Couple of hundred point + move to the downside possible. Stop just above the high at 12917.
DAX30 Key Levels D1, H4 and H1 + General thoughts for trading itThe stock market has been pumping and with things coming back to normal, we are going to likely be climbing back up to pre-covid19 levels, but nobody knows this for sure, so I find marking key levels of support and resistance helps me keep track of my bias so can take trades accordingly.
Once the levels are nailed down the execution becomes the next task....
Next Monday If we break daily resistance @ 12870 and find support to test weekly levels @ 12940 then then it will be safer to stick to buys to mid-13000s.
However, you can scalp sells with prices first reaction at these levels, for this i would recommend using the smaller time frames.
If you have traded DAX30 you will know it can move harshly compared to the smaller indexes.
If anyone has any advice on how they like to trade DAX30 let me know.
Push like or leave a comment if you agree with my key levels.
Thanks for viewing.
Daniel
UCFX
Weekly Analysis on DAX by ThinkingAntsOkMain items we can see on the chart:
a) The price has reached a major resistance zone
b) We can see 4 situations in the past in which the price rejected the zone with 3 to 4 weekly candlesticks
c) LONG SCENARIO: After that, we should expect a bullish movement towards the next resistance zone at 13.500
d) SHORT SCENARIO: If the price keeps falling after the contact with the resistance zone, we should look for short positions towards the support zone.
Divergencias en 1D,4H, 1H en el DAX Como pueden ver, se viene alargando la divergencias desde 1D, 4G y 1H, por lo que no considero zonas de compras a partir de aqui marcada, aun tenemos fuerza en el monitor alcista, pero ojo en la próxima debilidad del movimiento a la alza para poderle metor con short.
Seguimos pisando los movimientos de cerca al dax!
DAX outlookAs the equities took a bullish turn on the positive outlook on economic re openings, DAX approached the 61.8% retracement since the sell off.
If the fundamental news do not change, we should see a break higher towards the 11800 round number. First target of the breaks is 12000.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!