The German30 has formed a bearish channel and we have a good risk / reward ration at the top end of its range. Stops are fairly tight, and we wait for the bears to join the party.
GER30 seems in the middle of a long term corrective structure. I'm expecting a pullback for one more wave down.
Long DAX30 @ 11,948; TP @ 13,000, SL your choice
TP = 12,550 hit as the 1D Channel Down (RSI = 42.259, MACD = -17.900, Highs/Lows = -20.1645, B/BP = -179.2980) made a near 12,600 Lower High. The index has now resumed the downtrend and should attempt at least another 12,100 1D support test. Our initial target is 12,130 and if 12,100 is crossed we will continue with a TP = 11,877 with the SL on profit to ensure...
TP = 12,500 hit as the 4H Channel Up (Highs/Lows = 40.1429, MACD = 32.900) continued rising following the 1D Double Bottom two weeks ago. 1D is now on Lower High territory (RSI = 49.327) and we are looking to extend our buying strategy towards the potential Lower High of the 1W Channel Down, which should be around 12,620. Our extension TP remains 12,550 and we...
TP = 12,355 hit as the 12,080 1D support was kept intact and DAX made a Lower Low on its Channel Down (RSI = 46.830, Highs/Lows = 0.000). Currently the price is even above our maximum expectation of 12,400, so attention is required as we approach 12,510. Since the 12,080 support was respected, at least on the short term, the index should technically approach...
The German leading index charged through a daily trend today fueled by the escalating news from Turkey. As you can see we're closing in on the trend line that was formed in 2016 after the "15-16 sell-off". With the 10 day RSI indicating "oversold" a rebound to the previous trend line (12350) is a possibility after which I'm expecting another down turn and...
DAX is about to complete a very long term Head and Shoulders pattern on the Monthly chart, thus the neutral RSI = 51.621, ADX = 29.826. 1D is a Channel Down formation (RSI = 34.363, MACD = -73.300, Highs/Lows = -357.2500, B/BP = -455.2462), which if the 12,080 support from the previous Lower Low breaks, will hit 11,900. If it is rejected, then it will rebound to...
When blue-chip large-cap stocks complete cycles, they are often "canaries in the coal mine" for the entire index they're part of. German public market investors should invest cautiously going forward, since a major market correction is likely to occur this year.
Good morning Daxers. Daily chart. Lets watch the Monster. I'll look for some retrace before complete this 5 wave up. Drive Safe.
Take a look at DAX weekly chart. 11900 is a very strong support, on which the price bounced back multiple times. Are we going to see an head and shoulders pattern? We alredy have the first two elements. Now we need the right shoulder.
Possible long time view of Ger30. Open for all comments :)
Monthly uptrend on German DAX 30 index. Monthly demand level in control. Longs at new D1 and H4 demand levels. Shorts could happen if monthly demand zone is eliminated
Buying opportunity on DAX30. Trend continuation. Level of support RSI oversold. Market overextended. Bullish on EU Equities until QE ends. Good Luck
Dax - Daily time frame. I see a great buy setup on Dax for a quick 300-500 points move to the upside. Reason for the buy call is purely price action and simple technical analysis.
Good Morning Traders. Daxi With great force, but not for long. We will watch for short entry sooner then later. watch the EURO. when it turns thats Bearish signal for DAXI. Drive Safe.
Dax has broken its legendary support zone a few days back and now it is retracing upwards. I would wait for the price to a little higher and go short around 13050. levels to watch 13050. 13100.
DAX is expected to cross the red trendline tomorrow Tuesday, December 12th; Most probably by a gap up open above it. This will confirm a new bullish price projection up to 13715 and an euphoric Christmas rally to a final peak! SP500daytrader