DE30 IS LONG FOR THE NEXT WEEK THEN SHORT GET READY FOR THE RIDEDAX will hit the 0.50 next week and will reach the level 10730, from there it will bounce back to test the resistance level and I will be watching the price action for short.
Let's RIDE THE WAVE
De30
DAX - All targets hit over 300 pips For more information on our strategy please view our 'Scripts' page on our Trading view profile.
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DAX, D1 - head and shoulders patternLooking at the daily chart of the German index DAX we may spot a potential head and shoulders pattern. The prices have bounced back from possible resistance area which has been set by the previous bearish gap. If it holds the price could drop to the neckline drawn through the bottoms.
However, if this potential support is also broken we could expect another potential drop to the recent bullish gap and textbook target of the head and shoulders pattern. The potential target might be located at 9502 points.
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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.
66% 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.
DAX, H4 - the bearish gap has been defendedLooking at the chart of the German DAX index, we may see that the bearish gap was defended after the market broke out from the triangle pattern described in the previous analysis. At that time we pointed to the gap as a potential target and a barrier to possible further increases.
Such a strong reaction to this described resistance may mean that the market has a chance to move back towards potential support, which could be located in the region of 9600 points. There, in turn, is a bullish gap which has not yet been closed,
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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.
66% 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.
LINDE IDEA Weekly shooting star + correction wave elliot - LINkey points to have in mind:
1- Weekly bearish shooting star candle
2 - H3 time frame have completed 3black crows pattern
3- H3 indicating MACD crossover
4- 5 wave of elliot competed time for correction bringing taking the price to potentially break the flag and drop for ABC elliot correction
dax is forming a complex correction, dax kompleks bir duzeltmededax is heading to end of a correction and we may have a great trade opportunity for R/R if the setup plays out.
dax kompleks bir duzeltmenin sonuna dogru yaklasmakta, plan islerse kar/zarar orani cok yuksek bir ticaretimiz olabilir.
DAX, H4 - potential triangle patternThe German DAX index has been creating a potential symmetrical triangle pattern. The market has been moving within its upper and lower bounds. They seem to be the nearest resistance and support areas for the market.
From the technical point of view, we could wait for the breakout with the next possible resistance at the huge bearish gap from March or with potential support at the bullish gap from the beginning of April.
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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.
66% 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.
Dax DE30EUR, Weakness Appearing - Short Term - 30min chartOverall the trading range we currently see on the Dax is still a bullish formation, we are still in an uptrend environment. However, weakness is creeping into the chart with volume /supply entering at the top to the trading range, a longer amount of time is being spent at the top of the current trading range (on the 1 hour , 4 hour time frame, when price reaches the top) than in previous range, this indicates slow, controlled professional selling (institutions moving out of a position).
Although on the higher time frames I believe we have room to go higher, from an intra day perspective, if we breakout of the bottom of this 15 minute chart trading range, and put in a subsequent lower high at the neckline, then the opportunity is there for an aggressive, quick short to the bottom of the current trading range. My thoughts overall is we are seeing early signs of weakness, and eventually this current trading range on the 1 hour, 4 hour charts will prove to be a distribution
Dax DE30EUR, Weakness Appearing - Short Term Short OpportunityOverall the trading range we currently see on the Dax is still a bullish formation, we are still in an uptrend environment. However, weakness is creeping into the chart with volume/supply entering at the top to the trading range, a longer amount of time is being spent at the top of the current trading range (on the 1 hour , 4 hour time frame, when price reaches the top) than in previous range, this indicates slow, controlled professional selling (institutions moving out of a position).
Although on the higher time frames I believe we have room to go higher, from an intra day perspective, if we breakout of the bottom of this 15 minute chart trading range, and put in a subsequent lower high at the neckline, then the opportunity is there for an aggressive, quick short to the bottom of the current trading range. My thoughts overall is we are seeing early signs of weakness, and eventually this current trading range on the 1 hour, 4 hour charts will prove to be a distribution
DAX: Sell opportunity if the Support breaks.DAX is trading within a Rising Wedge on the 4H chart which started on March 23rd when the previous bottom was made. Despite the fact that today it broke the Higher Low trend line, the technical indicators are neutral (RSI = 45.750, MACD = 8.800, ADX = 19.431) as the Support Zone hasn't been broken yet (10,225 - 10,165) and the 4H MA50 is intact since March 24th. Both of those sustain the uptrend.
If however the Support breaks, we will take the opportunity to short towards the next Support level. Our Target Zone is 9,500 - 9,300.
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DAX30Short - that is all.
we had a great 4 hour zone which we initially entered and after the news on the job reports.
we had a further selling opportunity 11300.
There is a demand area which is coming up and will reverse - however, keeping hold of the shorts.
Risk free -
Take profit - swing swing 9000 or even lower.
DAX - Last chance for the bears?DAX looking ripe to sell.
Squeezed into a 78.6% Fib level of a potential right shoulder of a head and shoulders top.
Long Idea - Bounce from 4H trendline Altough there are still new corona virus cases, it seems that fear of it is still decreasing and things are getting under control. (We all know that aren't) We might see some long chances before crisis and another drops.
DAX, H4 - the end of the simple correction? ContinuationOn the German DAX index, we may observe a potential simple ABC correction. Wave C has stopped near a potential resistance set by a bearish gap. Also, the recent upward movement does not seem so strong to reach the upper limit in the main upward channel.
What is more, the wave C is almost equal to 61,8 of wave A. If the line drawn through the bottoms is broken we could expect another sell-off with the target at 61,8 Fibo expansion of previous downward wave.
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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.
66% 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.
DAX Short Idea - TrendlineWe all know that economy is really in the bin right now but indexes are still rising. Maybe this could be some reason even for short time sell.
DE30 technicaly based forecast
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 DE30 technicaly based idea, technicaly indicators showing we can expect higher recovery phase, global economy is in slow phase of recovery, we can see price is break FIBO 0.382 which is in same time and support (white line), expecting to see push in price till FIBO 0.6 or till above first trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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All best, good luck!
Dax30 - Double Set up- H&S vs Flag pattern! Tomorrow big dayKeep the eyes open..
either tests support building H&S or possible will set a fag pattern with possible breakout long buy
EURUSD, USDJPY and DAXIm trading 3 setus early in the Monday session!
The setups are eurusd sell, usdjpy buy and the dax buy
DAX BULLISH REVERSALPretty decent bullish reversal contraction on DAX 1H... momentum might not last so looking at getting out of any resistance at a key level.
