Dax- potential drop of 700 pointsDax is trading above 13k figure, a zone that provided a strong sell zone since June.
I believe this time is no different and, with the "vaccine effect" gone the German index will fall to at least 12.500 support.
Also, a sell trade above 13150k can have a strong 1:4 R:R
Daxshort
DAX30 - Synopsis of our 3 positionsA Synopsis of our 3 trades (and ideas):
OCT 12 IDEA 1ST TRADE
NOV 4 IDEA 2ND TRADE (COMPOUNDING THE 1ST)
NO5 IDEA 3RD TRADE (DCA THE 2ND TRADE)
Dax30- time to sell?After reaching my 11500 target, the German index had a false break under support and reversed.
Now is trading exactly in resistance (12500) which is also the neck-line support of H&S.
A new leg down is probable from this point and also we can have a great R:R if the index is retesting 11500 zone
DAX30 - UpdatedVery volatile last 48 hours because of US elections. US indices rose massively and DAX followed.
Fundamental is stronger than technical but now we will gradually see technical analysis take over again.
Find on our chart the next resistance level and remember to trade carefully these days.
DAX30- We did it again! (Dropped right on our resistance)FIRST~: PLEASE CHECK YESTERDAY'S IDEA
So, the chart never lies: the resistance level we had calculated acted perfectly , as the price dropped as soon as it was checked.
Our stop loss is now at entry point and we are expecting to see (hopefully) the drop further down.
Most importantly: DO YOU HAVE A TRADING STRATEGY?
Drawing a chart is part of the success but the most important element of trading is to have a Strategy that works.
How did we trade this?
Well we had a first sell position from last month, opened a second one yesterday earlier in the day and a third one when the price went to the resistance and a compounded 4th position after it started dropping.
Right now our risk is ZERO and the potential for a profit is huge, as if it drops we will take profit 4 times.
Dax30- Where to short it?My 11500 target was hit and now the German index is consolidating just above this support.
A correction from this point is not out of the question but with EU imminent lockdown I expect this to be short-lived and a new leg down is just around the corner.
12k zone is a great place to sell Dax30 and a target of 10k for swing traders is very probable
DAX Crash | Covid-19 Retest | Bearish Primary C | 2500 PointsLISTEN UP AND LISTEN WELL!
THIS IS MY ROAD-MAP FOR DAX TRADING!
Sep 2020 - Dec 2020 Prediction
I am looking at the stunning reflection on DAX, on what it did in the past. These are called Fractals, self-repetitive patterns.
The Fractal is taken from May-Dec 2018 (blue color).
As per this Fractal, DAX is gonna hit the 10K mark, in gradual bearish swings. The shorting is just starting, as we speak.
THE RED DOT WILL SHOW YOU WHERE WE ARE RIGHT NOW.
My Elliott Wave Counts are in tandem, so are the Harmonics and Fibs.
We should have a retracement on DAX, but MAX 12500.
A 1500 points drop will commence there.
I WILL BE SELLING ALL PULL-BACKSS!
DAX (GER30 / DAX30) has completed Primary B (red), and now in the bearish rotation Primary C (red), for a retest of the Covid-19 Fibonacci Retracements (61.8-78.6%).
Good luck and many pips ahead!
Richard T.
Dax30- Next station 11500?Since the beginning of July, Dax30 is consolidating(distribution in my opinion) in a timid H&S (timid because you can barely distinguish the head from the shoulders)
Now the price is at neck-line support and in case of a break the next target is 11500
Look to sell rallies or sell the break
GER30 Short term SELL Hi traders,
Keep your eyes on lower time frame for your short term sell setups then we will be anticipating a nice wave to the upside to make a new high.
DAX - Monthly; Massive SHORT, long term.Although accounting for a ~+2% currency advantage over US indexes and for an annual +5%-6% equity (stocks) advantage over US stocks, in general,
all that means is that the DAX will sink somewhat slower/less than it's US counterparts. E.g. one should sell this - SHORT -, freely here, as well.
DAX SHORT POSITION/MASSIVE PULLBACK BY GERMAN ECONOMY Hi guys.
Today i'm going to explain why do i expect a massive pullback in German economy.
Technicaly :
* Daily MACD bearish
* Weekly bear crossover projected to happend in a matter of weeks and manifest " in no time" so to say, because DAX index shows signs of SERIOUS WEAKNESS having on mind level (12.7xx index points).
* Wall Street so called " experts" claim that it's impossible to predict time frame, but that's their opinion and it's wrong, that's why I'm the one holding 4 WORLD RECORDS REGARDING STOCKS :)
-2676 billion $ SHORT on SPX
- 5000 billions $ SHORT on SPX
-25.000 billion $ SHORT on SPX
-40.000 billion $ SHORT on SPX
Here is 25.000 billion USD SHORT on S&P500 posted on January 30th (few days before collision from 3400---->2200 index points).
REGARDLESS OF HOW MUCH THEY ARE PAID, they don't have a clue and everything they do is "scalping" with large margins and nothing but that :)
YES, I CAN LAUGH THEM AT THE FACE AND PROVE THAT I M NUMBER 1 IN THE WORLD WITHOUT BEING MODEST, BUT ONLY OBJECTIVE AS ALWAYS.
Short your positions with marging which could go up to X10 (but super "safe play") is X4, X5 leverage.
Don't exagarate, don't blow your margins.
Once again, German economy is in front of massive collision (we've seen signs of serious weakness in March) when DAX sank to 8000 index points).
ECB in Frankfurt is trying to maintain liquidity with stimulative package of 750 billion euros + additional 250 billion euros which is only delaying of IMMINENT collision.
Please, don't buy on top, clear your positions and you will be more than good.
Thanks for reading and good luck to everyone following my Technical and Fundamental analysis.
Don't listen to guys who tell you it's " buy time" because ITS NOT !!!
Cheers.
From Serbia with love
DAX 15m analysis to catch the next retracement levelhi All,
Yesterday I catched the DAX right at the top ! How I came to that analysis based on Elliott waves / Fibonacci I will explain in a tutorial.
Now wave (1) is finished and I am looking for the next retracement level.
The first retracement is the level where the triangle appeared. I expect that this level will be exceeded so I assume the retracement will go up until 12643 in wave (2) to start another fall.
I will keep you posted in that thread.
Cheers,
Merakshi.
Another downmove left? #Dax #Dax30 #grxeur #tradingviewHello, Grüezi and Moin Moin,
after completion of the correction wave 4
I expect another downmove of Dax to deeper lows.
Another 400 + X points for your poket?
Greeting from Hannover
Stefan Bode
DE30 SELL IDEAThe break of the 61.8% would confirm my sell, price has been in a strong bearish trend, making lower highs. A break above the daily zone would invalidate the sell idea.
DAX - trouble ahead?XETR:DAX was one of the few indices that still had decent relative strength recently.
With break of support, things are starting to change today. More downside is likely to follow.
DAX30 Short Idea Elliott impulse waveDXA30 Short Idea Elliott impulse wave, Pls consider your on risk management and watch the levels. both shorting idea of yesterday and today still valid.
It is Just a Bullish Idea, you have to check the Trend-Line#FDAX It is Just a Bullish Idea, you have to check the Trend-Line, if it break down the line made idea for the time being not valid. you have to be responsible for your trading decision.. Good Luck.
#dax - 12.850 and then? #dax30 #fdax1! #grxeur #tradingviewThe range 12,850-12,860 should be magnetically attractive.
Is this where the trend reversal and thus the end of wave 2 takes place, or has the air gone out of the market and market participants are securing their profits before the US election (in 2 months) and are switching to cash, gold, commodities or ...?
Greetings from Hannover
Stefan Bode
FDAX1! - Forecast - 18/08/2020 (following 17/08 forecast)SHORT FDAX1!
ENTRY LEVEL 1 @ 12923
SL @ 12990
TP @ 12550 RR5.56
Risk 0.5%
ENTRY LEVEL 2 @ 12948
SL @ 12990
TP @ 12550 RR9.47
Risk 0.5%
ENTRY LEVEL 3 @ 12964
SL @ 12990
TP @ 12550 RR15.92
Risk 0.5%
(SELL ORDER ACTIVE 17/08/2020 :
ENTRY LEVEL 1
ENTRY LEVEL 2)
Short opportunity for DAXAfter the whole cycle of waves has been completed, it seems that wave 5 is now over. This will result in a short opportunity for Dax
