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De30

Dax: Possible ScenariosDax has run strong so far. I am expecting this run to continue for a longer period of time. But uncertainty hasn't entirely left the system yet. We are still facing corona or the brexit e.g. to just name some of it. So there s a high probability for a short-term break of that run. There are different scenarios likely. I. Dax is ending its run soon by breaking the current trend and starts a short but steep correction, before then continuing with a second motive wave II. Dax is ending its run soon by breaking the current trend and takes a longer and deeper correction, before then continuing with a second motive wave III. Dax keeps rallying by holding its current trend and breaks its current highs before then taking a strong and steep correction We keep waiting for a clearer picture and a trigger to one side
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by MrKrft
DE30 Intraday Setup.GER30 - Intraday - We look to Sell a break of 12288 (stop at 12404) Short term MACD has turned negative. We expect an initial move higher to fail and look to set shorts on a break back through 12300. Our outlook is bearish. 200-hour EMA is at 12324. Bearish divergence is expected to cap gains. Broken out of the wedge to the downside. The bias is to break to the downside. Higher correction is expected. Our profit targets will be 11941 and 11806 Resistance: 12500 / 12600 / 12700 Support: 12400 / 12300 / 12100
DShort
by Signal_Centre1
DE30 Intraday Setup.GER30 - Intraday - We look to Sell a break of 12245 (stop at 12371) Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We expect an initial move higher to fail and look to set shorts on a break back through 12250. Our outlook is bearish. Trades at the lowest level in 21 weeks. Bearish divergence is expected to cap gains. The price is in a bearish wedge formation. Short term MACD is moving lower. The bias is to break to the downside. Our profit targets will be 11906 and 11806 Resistance: 12400 / 12500 / 12600 Support: 12300 / 12200 / 12050
DShort
by Signal_Centre1
DE30 Intraday Setup. GER30 - Intraday - We look to Sell a break of 11378 (stop at 11472) Prices are extending lower from the bearish flag/pennant formation. We can see no technical reason for a change of trend. Our outlook is bearish. Trades at the lowest level in 21 weeks. We look for losses to be extended today. Price action is forming a bearish flag which has a bias to break to the downside. Our profit targets will be 11113 and 11015 Resistance: 11700 / 11950 / 12050 Support: 11500 / 11400 / 11100
DShort
by Signal_Centre1
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 11428 (stop at 11521) Posted a bearish Flag formation. A break of 11450 is needed to confirm the outlook. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Our outlook is bearish. Trades at the lowest level in 18 weeks. We look for losses to be extended today. Trend line resistance is located at 11640. We can see no technical reason for a change of trend. Our profit targets will be 11151 and 11081 Resistance: 11700 / 11800 / 11950 Support: 11550 / 11450 / 11300
DShort
by Signal_Centre1
DAX - first H&S pattern completedIn our previous analysis about the key German DAX index we have mentioned about two potential head and shoulders patterns. One is larger than the other. The market has created a strong downward movement and has completed the smaller pattern. The neckline has been broken and retested as a potential resistance. After that the price dropped to the textbook target located at 12037. However, still the larger pattern is not to be finished yet. The potential target is located at 11545 pts. The nearest resistance seems to be set by 12313. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XETR:DAX
by Daniel_Kostecki
DE30 Long Intraday setup.GER30 - Intraday - We look to Buy a break Price action has formed a bullish ending wedge formation. We are trading close to the end of an ascending Ending Wedge Formation. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Short term MACD has turned positive. Our outlook is bullish. Our profit targets will be 12834 and 12888 Resistance: 12600 / 12740 / 12835 Support: 12550 / 12450 / 12330
DLong
by Signal_Centre1
DAX - one big and one small head and shoulders patternsIn our previous analysis about the German stock index DAX we have mentioned that the market may wait for a large head and shoulders pattern. The resistance where the left and right shoulders seem to be located near the same level. The neckline could be set by the previous lows at 12313. However, looking at the lower time frame we could spot another potential head and shoulders pattern. Its neckline is being tested right now and if it is broken the market may move toward mentioned support at 12313 or even to the textbook target at 12037. Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XETR:DAX
by Daniel_Kostecki
DAX bullish candle for short term upside to 13000Hello Fellow Trader! Bullish candle reversal outside Bollinger band suggests we could see short term rise in price to 12850 for DAX. DAX - Moving the stop to break even would be a wise move once target 1 hit. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Outside lower Bollinger Band - RSI oversold territory - Waiting for bullish candle reversal candle - SPX also starting to recover Key Levels: Support - 12545 Resistance – 12850, 50 EMA, 200 EMA, 13000 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 12600 Supporting Entry – 12650 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 12498 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 12600 – Target 1 12850 = 2.5x Reward to Risk Optimal Entry 12600 – Target 2 13000 = 4x Reward to Risk Supporting Entry 12650 – Target 1 12850 = Reward to Risk Supporting Entry 12650 – Target 2 13000 = Reward to Risk
DLong
by tradetheday
DAX bearish flag targeting 12535Hello Fellow Trader! DAX bearish flag looking to continue the down trend for at least the short term. SPX also starting to roll as global indices start to sell off. Key Points: - Daily – Below 50 EMA - Daily – Targeting Trend line or 200 EMA - Below 50 EMA - Below 200 EMA - Flag pattern for break out - SPX futures bearish Key Levels: Support – 12680, 12535 Resistance – 50 EMA, 200 EMA, 12795 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 12770 Supporting Entry – 12750 – Break of flag Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above 12851 and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 12770 – Target 1 12795 = 3x Reward to Risk Supporting Entry 12750 – Target 1 12795 = 2.5x Reward to Risk
DShort
by tradetheday