German Stock Index (Range Bound Movement is expected)View On German Index (27 Mar 2018)
DAX is the strong pullback mode since last Jan and now it has reached an important resistant region
Now, I am not seeing any extreme edge at the moment and the market shall go into range for the immediate term (up to 1 month)
it will use 11300 as support level while 11600 as resistant for now.
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Germany30
Ger30 DEAD man walking on steroids. Clear D1 sell opportunity.Clear D1 Ger30 sell opportunity.
We haven't yet solved Brexit :D
We buy long bad economy data :D
April Option Interest is in focus of 11.420 :D
RSI D1 clear overbought sign :D
What is here going on?
Algos doing crap again. This runs on steroids.
Don't get trappet.
Target: 1 11680
Target: 2 11450
DAX will fall soon!!!The Dax slowly but surely approaches the target zone
now it is to be seen when the first reversing candles will appear. This will also be the time at which I position myself short. not only intraday but also a knockout certificate.
what do we have here?
The Dax approaches the zone of resistance of the shoulder head shoulder formation.
This is also the point at which the 200 EMA is located as well as the 61er fibunacci.
According to experience, the dax could run a bit higher before he turns.
therefore it is enormously important to wait for the confirmation zone at the interesting zone. Here you can buy a trade cart with a very nice CRV.
the dax does not turn until the latest black trend line, the set up is no longer on.
enjoy the way
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German 30, SHORT, good diagonal resistanceDiagonal resistance. Price just touched the level again, on which indicates a good downside momentum, with a gap opening and candle being rejected, not only diagonal resistance being touched but also a horizontal resistance.
Stop loss should now be above the gap opening candle, and take profit should be at the next support level .
Dax backtest soonHello everybody
Let's take a quick look at the dax.
we see the Dax fighting back into a crucial backtest zone.
The next few weeks will be very exciting as a reversing candle has to wait to position yourself dan and let things run their course.
in the moment, the dax still has strength therefore it is currently still to be seen how the candles look after the end of the weeks.
The Dax has broken a long-term shoulder-shoulder formation and is currently testing reversal formation.
enjoy the way
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DAX: Short opportunity on overbought levels.The index is trading on a 4H Channel Up (RSI = 69.786, MACD = 72.000, Highs/Lows = 56.2642) that has crossed into the overbought zone (STOCH = 95.784, STOCHRSI = 79.387, Williams = -3.343). Since the price is too close to the 11,570 1W Resistance, we will take this opportunity to go short and target the first Support on 1D = 11,300. This is where the 1D Channel Up will meet its median, which if broken, it can seek a Higher Low at 11,100. We will update if we decide to follow it that low.
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1 H Bear Flag DEU30 Short!Hi Guys!
As we see on this 1 H chart DAX showing clear signs of weakness! As the news came out of the USA, markets immediately turned around. I saw this move coming, as I spotted tone of bearish divergence since last week already.
I am entering a short now. I see this triangle formation to play out in the next 14 days.
RSI and MacD giving also nice short signals.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
Dax going downAfter the uptrend in the Dax, we went up again and corrected.
Now I assume that we will see falling courses in the next few days.
Why am I thinking that?
Now we see that we have made a deep down deep after a strong sell off.
After such a fall there is usually a correction.
We now have various resistance which now serve as support.
The 200 EMA was not broken.
the trend-limiting green line
weak volume
enjoy the way
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DAX wants to come back and falls againHello everybody
today was an exciting day to devote to the Dax.
If you have positioned yourself short you could watch the game relax.
We have seen an uptrend lately, which has declined more and more. The last high let one assume that it comes soon to the trend reversal.
Well, now we have fallen below the last low which means a clear reversal signal.
Beware the market has already given a lot of points.
I would not be surprised if he tries to fight back. Right there I'm looking for my new short boarding. I work with reversal signals at the main fibonacci level. I also go into the smaller time unit and look for possible resistance.
Caution is advised in the 10963 (blue line). This is a very strong resistance and many will position themselves long.
Personally, I am looking for my short entry and date this as the 1st price target.
There I pay attention to how the market behaves.
Enjoy the way
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A possible movementJust looking at the graphs, maybe the history will repeat one more time ;) Market seems to have one more leap forward before a correction in the first 2 weeks of February.
Last 2 days, we observed a nice upward movement at US stocks, but at the sometime Germany remain weak.
US-China trade talks will be postponed later in the month with a big visit of the president Trump to China. The analysts in China says it would be not possible to reach all goals. I guess it would be partial agreement, maybe some tariffs would be reduced ???? but I believe the further discussions will be ongoing --- this seems a positive information for sometime.
Dax corrected nowThe Dax has received several reverse signals today. It was a real short day and you could get some =).
The Dax is parried for the second time on the 78er fibunacci and is again below the 200 EMA in the 4 hour chart.
In the 1-hour chart, the MACD also comes to a head, which may lead to further price losses
I assume that he makes a backtest at the blue zone of resistance and then opens the way to head shoulder shoulder formation and also makes a backtest. if this is the case, the market will fall sharply again. Consider this is a longer-term forecast. You have to pay attention to how the course behaves there in all the resistance zones.
enjoy the way
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DAX will go up bevor he falls deeplyLet’s take a look at the long-term chart of the Dax. We can see that Dax has recovered well on an 1-hour chart after the touch of EMA.
since we haven’t seen any appreciable backtest of the shoulder-head-shoulder formation yet and we have exceeded the latest low in a short period of time. I proceed to the following upsiring courses, till we finally can see a reversed candle at the lower part of the formation.
#schnugg
enjoy the way
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