Wednesday: DAX 2 - Week 30Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Dax30short
Dax index 4hour & weekly trend analysis Hello everyone , as we all know the market action discounts everything :) a short video where we look at the 4H & 1W chart trying to understand the market and the direction of the trend .
Starting with the 4H chart ,the trend seems to be bearish after the price dropping from an all high, This break higher has left behind the sideways trend from the last few weeks ,the price does seem to be moving in a ascending triangle pattern, the 4 hour trend seems to be going in a bearish kind of way but the major trend does remain bullish .
indicators showing us that bearish movement where we see :
1_The market price moving below the MA and the EMA (bearish sign) where MA at 15658.040 and EMA at 15626.054 and the market price at 15540.310
2_MACD still remains bearish after a negative crossover between the MACD and the Market price
3_Stoch RSI sitting in oversold area (bearish sign)
Support & Resistance points :
support Resistance
1_ 15505.99 1_15663.29
2_ 15445.82 2_15760.42
3_ 15348.69 3_15820.59
Now lets look at the 1W chart and see what's the market state , using the Elliot Wave theory we could be seeing a small corrective move after that the market will probably continue his uptrend , the major trend does seem to be bullish with no signs of a reversal to be found on the chart , if the uptrend continues we could be seeing the DAX Index hitting the 16000 zone.
indicators confirming the uptrend of the market where we see :
1_The Market price trending above the 21MA and the 21EMA (bullish sign) where MA at 15185.248 and EMA at 15139.265 and The market price at 15540.310 .
2_Average Directional Movement Index (ADX) & DI showing that the market is in a trending phase at 27.296.with a bullish crossover between the DI+(20.191) and DI-(13.962)
3_RSI showing strength in the market sitting at 63.71 with no divergences.
Support & Resistance points :
support Resistance
1_ 15428.12 1_15716.76
2_ 15168.31 2_15810.41
3_ 15031.27 3_15962.02
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This is my personal opinion done with technical analysis of the market price , not financial advice.
If you have any questions please ask
Thank you for reading.
DAX Short Opportunity -- SMC concepts usedThe most recent impulsive move down with a couple of breaks of structure provide a solid opportunity to short DAX at the next mitigation of up before the down move. While this is a beautiful opportunity to short, I wouldn't hold on long to any shorts. The opportunity to take profits would be at the next major demand zone shaded in purple. Based on the DAX's HTF structure, it's a bullish beast.
This is my first public post. Let me know if you find this useful, helpful, or have any questions. I am a Supply/Demand trader that utilizes SMC. Enjoy!
MASSIVE BEARISH ABCD Harmonic Pattern in DAX30Hello everyone,
I spotted this MASSIVE ABCD harmonic pattern in the German DAX30, and wanted to share a few details about my current DAX 30 short trade.
in order for you to understand what I am talking about I added this snapshot of the whole ABCD structure:
(TMF: Daily)
The retracements/extensions:
As you can see, the B-C move retraced exactly as far as 0.382 of the A-B move.
While the C-D move extends as far as 2.272 of the initial B-C retracement.
While 2.272 is a very uncommon extention number for C-D moves, it still is a valid number, and I consider it worth a try.
In order to confirm the potential mega-short chance, I took a look at the RSI and spotted a huge divergence in both, the 24h and 72h timeframes.
RSI settings: standard except the range, which is set to (8):
About the actual trade:
My stop is set slightly above the most recent high, as we may still see a recovery and I don't want the trade to immediately get stopped out.
In terms of profit taking:
I attached a FIB retracement from D to C, and each of the displayed Fibonacci numbers will be partial take profit levels. My final take profit is sitting on 1.618.
If any of that actually came true, then, yes, this would be yet another historical mega-crash of even greater scale than the 'Corona-Crash'.
Feel free to comment your opinion or to hit me up and share your current analysis if you disagree :)
DAX- Dropped perfectly 2,4% Since Our Post!! 🥳Indeed the DAX idea we posted recently was PERFECT !
We now have a great open position in our hands and we start managing it by Taking some profit and relaxing this weekend!
Keep in touch for more ideas like this next week.
Hope you followed,
the FXPROFESSOR
DE30 Sell the uptrend.DE30 - Intraday - We look to Sell at 15809 (stop at 15871)
We are trading at overbought extremes.
Trading within a Bullish Channel formation.
Trend line resistance is located at 15815.
Preferred trade is to sell into rallies.
Our profit targets will be 15647 and 15627
Resistance: 15750 / 15800 / 15850
Support: 15730 / 15670 / 15630
DAX- Time for a CorrectionOur Last DAX idea below has been fulfilled and satisfied to the first part; price has risen and rejecyed on what used to be the ascending wedge's support (now resistance).
This could very possibly be the week that we experience a correction on the DAX's price as on our updated chart.
Let us know your thoughts.
the FXPROFESSOR
DAX- Rejection Could push the price lowerDAX has been rising like crazy in the last months but the price has very recently exited from an ascending triangle. The price might get rejected now and unable to enter back into the wedge (the triangle).
In this case the price might start dropping faster towards support as on this chart.
ps. In case the price breakS into and over the wedge then we will need to switch to a Buy position,
the FXPROFESSOR
DE30 Sell the trend of higher highs.GER30 - Intraday - We look to Sell at 15749 (stop at 15808)
We are trading at overbought extremes.
The trend of higher highs is located at 15750.
Bearish divergence is expected to cap gains.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 15583 and 15563
Resistance: 15700 / 15730 / 15750
Support: 15650 / 15600 / 15550
Dax 30 : Stuck in short positions ? Here is the solution ! Speculative sentiment index is just 7.5% on an average indicating an open above 15660 eyeing the targets 15820 and 16k + psychological level / Possible stop loss cluster area . Stuck sellers just be patient and do not put equal parallel positions at the moment ,you will be stuck for life time . Do that only if your margin is in trouble and deposit later to avoid the swap charges that gonna eat your account. Ascending triangle like formation is breaking slowly ( Typical Algos Frustration mode ) . Possible massive profit booking happens around 16000-16200 levels with some magic numbers high like 16033,16057,16077,16133 and so on . Machines will hunt entire typical human mind stop loss like 15650,15675 15700,15750 . Don't let the machines to trap you in mesosphere level if you are holding sell for long time. Trade Safe, All the best
DAX30 Short PositionMy software has automatically entered me into this trade. See notes on the chart. There is no trailing stop on this strategy so it either hits the original stop loss or hits the moving average and the trade is closed. Occasionally, if price consolidates for a while and the moving average moves higher, the price can be closed at the MA for a loss (although this is rare). As you can probably tell though, the longer the trade goes on, the closer the MA will get to the entry point. Therefore, we would prefer a quick reversal to maximise our returns.
DAX Index ANALYSISEntry and TP are marked on the chart. There are five targets to the downside. I have noticed that there was a crab pattern on the higher time frame. Please comment below.
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 15339 (stop at 15392)
We are trading at overbought extremes.
A higher correction is expected.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 15339, which will confirm the bearish sentiment.
Expect trading to remain mixed and volatile.
Our profit targets will be 15188 and 15158
Resistance: 15450 / 15500 / 15521
Support: 15400 / 15350 / 15250
DE30 - DiscountsI would ideally like the price to come down and wipe out some of the minor higher lows created before bouncing from the order blocks to the previous high.