Dax30short
DAX Short .... Repo Rates, No China Deal, Iran, Recession in GER
Expecting a quite volatile Open and an especially (25%) higher volatility for October.
Please check the US Federal Reserve Repo Rate. The whole last week the Fed had to provide liquidity to the large Financial Institution as they needed to borrow money.
This had also happened at the immediate beginning of 2008. IF they are in good shape why do they "All" have to go to the Fed Overnight Window .... every day last week. Come to wonder - sorry I don't believe the large Banks are in good shape.
DAX Index / DE30 Index is going down more. (Bearish)Must Read It;
Why its so bearish according to the technical analysis.
If you can see closely that candle pattern create an "Evening Star" pattern which is caused a bearish movement.
If you can see the circled area which is RSI line crossed the 60.49 horizontal line, if its crossed the 60.49 it will keep go down for certain period, which is a bearish movement.
Last one is according to the fibonacci retracement, it was try to reach the 0 level of fibo but its keep rejecting several times from the strong resistance at 12490.50 and price was retrace from resistance to 0.236 level of fibo which is a bearish movement.
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Note: This analysis made on without any economic or geopolitical news, Trade at your own risk.
#GER30 #DAX #DAXINDEX #Trading Outlook; where are we heading to?Dax has opened on monday morning with a expected pullback Move, but how far will it retrace or will it go sideways?
Daily stoch and daily RSI are telling us since many days that past uprun is running into exhaustion as the oscillators are turning down starting to leave high levels.
We have major key levels that we can easily watch and manage our Risk From without being attached to any economic bias.
On a makro view a possible bullish perspective key level to watch is the major lower trendline. A Break of it would give first insights that makro upward trajectory is totally broken.
But until this happen Dax Index has given us in the past many opportunities to play Fibonacci Retracements to the Upside.
The current Dax Posture tells us not to blindly short the Market it is rather telling us to derisk Any Long Trades and lock in Profits which you might gained during this Year and derisk your Stocks (especially DAX Participants).
Also What gives the Dax a higher probability to go Sideways or decline with a slow pace is that many Dax Stocks have already had their major declines over the past weeks and Months and playing some kind of bounces trying to find buyers but according to current Dax Posture I also would not say that we will not see some lower major german stock prices.
Anyway shorting with prices trading with a rather narrow range to the daily 200EMA and daily 200SMA is not the Trade i am personally looking for.
If you are asking yourself which Fibonacci Retracement Level will be the best to manage your Risk of i can tell you following.
Looking at the daily RSI we are nowhere near any long entries on DAX and personally i am not allocating any eurocent to German Companies at this high Oszillator Levels.
Looking at the past i want to the RSI go back to 0.618 or 0.786 Levels which would go in confluence with chart prices and chart Fibonacci levels around 0.382, 0.5 or even as low as 0.618.
Choose your entries wisely and trade safe!
sell at 12395 with 4 target step by stephe up because china us headlines but the most becuse of the wich of bce and german bank
but market fully priced it so if bce is less dovish or even not act he will go more down than my 4tp
also have 3 open lower gap
we are overbought
i real think is good timing to sell with a good ratio /risk /gain
we can take now first easy 150-200 pts but i think we will in next weeks/month down of 1500-2000pts
germany we can litteraly say that she is in recession near or right now
DAX head and shoulder must take!!!Welcome to Fxtrading services, we provide premium signals & services to our costumers.
Fundamental analysis: After the ECB meeting, Draghi decided to do quantitative easing for an unlimited time for now. We could see a drop on Dax and a possible EUR rise
Technical analysis : Formation of head and shoulder taking place failing to fill the gap we could se a reverse soon.
Comments: Could do another pop higher before continuing the downtrend.
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DAX Medium-Term EW Count UpdateI assume that the German Market Index is in a corrective Wave 4 which plays out as abcde triangle (take a look at the big picture analysis). Medium Term
goal is the price area 11000-10800. The move down should come in 3 Waves now I see 2 possibilities, either the B wave is already finished and we are in the C down already or we hold around 11600 and need another pull up to the 12000 area before we start the C wave.
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Dax daily: 21 Aug 2019 Tuesday's session was a bit odd from our point of view. Dax initially descended to our support at 11 646, but rather than bullish correction we hoped for, price action rather slowed down. Dax then closed near it's intraday low and today we open with an ascending gap.
Important zones
Resistance: 11 691
Support: 11 560
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking yesterday's low is 96%
Macroeconomic releases
NIL
Today's session hypothesis
Considering the very high probability for breaking yesterday's low, then all our short trades have a clear target. If yesterday's low gets broken, we can estimate a faster move towards 11 560 which is a really nice support level. Sellers are likely to step in around 11 691. Should Dax break yesterday's high, then the short hypothesis becomes invalid as the statistics suggest the breakout of both swings is as low as 7% only.
Dax daily: 12 Aug 2019The last session of the previous week did not offer something really interesting. Our support at 11 716 did not work as a point of reflection, but rather as a place where the market slowed down for several hours. Today we are opening with a long gap.
Important zones
Resistance: 11 899, 12 031
Support: trend line
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
We have an increased probability of 57% to close the gap, for this reason we can expect a slight short move towards the trend line where we could find buyers and head towards 11 899. If we break through the Friday's low, the hypothesis of the test 11 899 will not be valid anymore, rather we can expect chop in the Friday's range.
DAX DEU30 SHORT Longer Time OutlookHello to all watching my charts
After the last break of the trendline (purple line)
(please check my last DAX post here a few days ago)
the chance of long has not fullfilled and Dax stays in the short
signal aerea with lower and lower and lower prices.
So what comes next ?
Of course i am not able to tell you the future
but some things are to mention.
1. We have made a big loss, so maybe we will get a rebound soon.
2. In the longer view Dax is still very very short positioned
3. Next hold ,so to say as support is 11300 (low from april)
4. For change to a long signal in my eyes we have to jump above the last bigger resistance and this is really far away at
12200 / 12250
I draw 2 black lines here at these aerea.
Only above these level its a long chance.
From the level now 11600 to 12250 its a no ones land i think.
Good trades
If you want to support my work and my charts please like them..
Renkotrade
DAX SHORT but we wait on a Trendchange Power of Trendlines Hello to all watching my charts
Today i will show you trhe power of trendlines and broken
trendlines as trading points.
For example here is the DAX Germany DEU 30 index on base 1 HR
We are
long since 4.7. 11925 / broken left blue trendline
short since 9.7. 12400 / broken purple trendine +75 points
long since 15.7. 12400 / broken blue trendline
short sine 17.7. 12400 / broken green trendline
long since 19.7. 12327 / broken yellow trendline +73 points
short since 25.7. 12378 / broken purple trendline +51 points
and we are waitin for a long signal at the moment
In total ca 200 points with a only few trades no hustle and bustle
Good trades
If you want to support my charts and my work, please like them...
Good trades
Renkotrade
GERMAN DAX 30 INDEX BULL TRAP - SHORT GER30The German Dax 30 index is currently fully valued ripe for a correction. On a DCF valuation, it is 100% fully valued using 3.8% growth and 8.6% discount rate. With interest rates at zero and low inflation, this index is very expensive. The Dax broke through the upper trend line recently, I think this is a bull trap. With American markets heading south, so too will the Dax index. Germany is teetering on recession, the ECB is still trying to pump prime the economy but it isn't working, note the low GDP growth and low interest rates and inflation. The technicals indicate a fall is coming with the RSI, ROC and MACD all pointing down. Trump putting tariffs on German car manufacturers could be a catalyst for the fall to accelerate.