this is a short as in it really near all time high and soon going to break because of global reasoner that are going in the upcoming time.
in a bigger picture it is following a very high push upwards so might as well go for another high records but it closely follows Dow. the new York exchange and hence can be highly volatile due to the pandemic .
This is the second time we go long on the DAX today. The first one was a London open 2m clap long that earned us a quick 750eur, pays the bills ;)
This one however looks to be a better setup for the NYC session, we have 3 sets of TP listed and we might close out an any given level.
RSI is in the lows, the 10m chart has a contraction leading to the 30% level and...
As you see on this 30 min time frame. The DAX is almost flat in its leading edge.
Some try to find out what this means. It doesn't matter what it means or what's going in there.
There are only three directions: UP, DOWN or SIDEWAYS.
What do you do here? Difficult to say, because price can suddenly break out north or south. Whipsaws are quite possible too....
Nas100 is at strong Resistance level. Resistance of this Wedge and two more resistance to Price level 12400. Not we will see at Monday Where market will move. I this it has maximum Chances that once it will go Down to the Price level 11500. Then it will start moving Up.
Keep in touch we will update soon. Don't forget to push the Like button
The DAX (GER30) is in a troubled zone of congestion and seemingly fighting to stay afloat.
Don't expect it to just roll over swiftly - though anything is possible. We're looking at a sharp rejection of the 2H ATR line. This analysis does not apply to any other time frame.
But taking a steer from the 2H, there is money to be made (and lost) on much smaller...
A head and shoulders (H&S) pattern is shown on this time frame. The right shoulder - not formed properly as yet - appears to be exhausting at this time. Price is struggling to stay afloat. This predicts nothing. The position is one to watch for those trading on lower time frames. Higher time frame perspectives are a must. This perspective is looking well ahead. So...
The DAX could be heading into new trouble as Europe goes into turmoil. I see a head and shoulders in there on this 30 min time frame. It's never perfect. These take on a wide variety of shapes. Have a look. (Note disclaimers).
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no...
We don't like standing still, so now I am keen to launch our strategy for stocks and indices.
Same ideas as our FX one and we have optimised settings for the below pairs.
There aren't meant to be shortcuts in this game, so we created them instead.
Please see the link to strategy script in related ideas too.
DAX index is often following in the footsteps of the Dow Jones index.
The chart shows my previous analysis. Those analysis still stand
today. One that is trading the DAX index must always keep an eye
on the Dow Jones Index. I hope this will help.
A video showing our settings on trading the Dax and how powerful a high RR can be in overall net profit.
I also touch on sticking to your plan and accepting that any strategy has a losing run from time to time!
What would you do after the 4th trade? Let me know.
the monthly chart of this market shows that it will experience a downward trend but also you must be vigilant of the change in the opposite direction
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