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Daxshort

DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11574.22(horizontal swing high resistance, 61.8% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 11087.34(38.2% Fibonacci retracement , Horizontal swing low support) Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XETR:DAXShort
by FlowState
DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11574.22(horizontal swing high resistance, 61.8% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 11087.34(38.2% Fibonacci retracement , Horizontal swing low support) Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XETR:DAXShort
by FlowState
Dax 30 Index Analysis+SignalWe see in the graph above some points that strengthen our opinion about Sell position: 1. According to the Ichimoku Indicator, we are totally bearish as we are under the cloud and the blue line above the red line in W1 2. we can see that we are in a bearish channel with lower points each time and right now we are in the resistance 3. As soon as the price touched the moving average 100 he did not manage to cross it and it caused a drop Sell Dax Entry Price: 11230 Stop Loss: 11410 Take Profit: 10550
XETR:DAXShort
by xosignals
DAX INDEX 30 Short Signals!We are currently on very serious and important resistance that will determine the direction of the DAX for the coming days, According to Ichimoku indicator we are still in a downward trend, despite recent increases! And we are also on the resistance of the Fibonacci retracement (23.6) Which means continue to move in the original direction. For all the reasons are written above we recommend entering a sell position Sell DAX Entry Price: 11186 Take Profit: 10508 Stop Loss: 11540
XETR:DAXShort
by xosignals
Dax Short Analysis After the possible head-shoulders identified a few months ago and completed in December, now it seems that the price is trying to rebound and enter the channel between 10900 and 11200 points. The last obstacle is the resistance of the 10900 (too hard to break up in this moment). The main trend remains strongly bearish and we do not exclude that over the next few months we can see the price break down 10,000 points. On this index the best entry is a short position after the resistance area at 11200 will reject the extension attempt; if this did not happen and the price immediately started to fall, we will try to find the best level to enter the market. Join us for further analysis on: Instagram: www.instagram.com Telegram: t.me Facebook Page: www.facebook.com Web: www.bfcminvest.com
INDEX:DEU40Short
by BFCMInvest