Daxanalysis
DAX30 GER30OUTLOOK: BULLISH
Past few days DAX30 has been confounding forecasters - and whipsawing short-sellers - by rebounding sharply.
DAX nears all-time highs, next target 14530!The DAX is finally catching up to the rest of the worlds equity markets. It's about 100 points away from the all-time high which is not a big distance for the German Index. The support structure at 13000 held extremely well and the buyers managed to bid the price up from there. The pop came fast and in a matter of days on strong volume. From here we could see a new all-time high fast. The Fib extension level suggests price is going to move into the 14530 area and that would bring the DAX level with other global indices.
This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not liable for any market activity.
DAX breaks a recent high, next target 13600! DAX manages to break through the 13305 high on decent volume after holding the support structure we had mapped out at 12910. The fact that it broke into 13400 and retested the broken high at 13290 means that there could be immediate support here for an all-time high move or a slight retrace into 13050 before we see the all-time high again. For the move to come out into the all-time high we need to see a new higher-low form so that means a move below 12910 ultimately would disqualify this long.
Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO academy is not responsible for any market activity.
Could DAX 30 make recovery?The DAX 30 index surged to the highest since January 2018 on Friday following the US-China trade deal. But the index has come-off sharply from there. DAX is likely to trade sideways after the German Manufacturing PMI missed the estimates. Services PMI rose to 52.0, up from 51.7, matched expectations.
The nearest support bellow is H4 50 SMA and the middle line of the Bollinger Bands at the same chart. A breakout down that level could extend the further bearish pressure towards 12,923.20, the 78,6% Fibo retracement on the daily rally from 11,266.48 to 13,374.27. In that area is located also the lower boundary of H4 BBs. Underneath the support level at 12,650 should limit the sell-offs.
On upside, if the bulls could make recovery above the Friday's high at 13,423.41, further gains should continue to 13,505/525 (Oct. and Nov. 2017 highs). Obviously resistance at the all time high of 13,596.89 is then key to direction.
We prefer the bearish/consolidation scenario in near-term because of the negative Friday candle and therefore Stochastic is in its overbought area.
DAX30 Still Looks Neutral in Short-termThe DAX30 index currently faces a challenging resistance area at 13,190. The index is holding the rebound from the 23.6% Fibonacci retracement of the October 4 low (13,879) to November 19 high (13,338.25) rally at 12,970. The 55-day moving average has risen to 12,827. Yet the positive slope in the 55-day SMA that increases distance above the 200-day EMA suggests that the bullish trend is intact and an eventual reversal could come later rather than sooner.
On upside, if the price break above upper border of Bollinger Bands at 13,350, our first target is Nov. high 13,374.27. A clear break of which could see the bulls to retest the all-time high level of 13,597 registered in late January 2018.
A closing price below Tuesday’s low of 12,927 and the 55-day SMA could encourage more selling pressure. However, only a significant fall below 12,660 would put the current uptrend under speculation, shifting the medium-term picture from positive to neutral first. There is located also 50% Fibo level on the above-mentioned rally.
DAX hits first level of support and rallies, new all-time high?The DAX managed to pull back, as anticipated through rotations at the top of a structure area it failed to break above into its all-time high and into a new high after several attempts and the downside was expected. We had 2 levels identified as potential targets, the first being the cluster of support that was mapped out based on where the price started its rally which was between 12930 and 12965 which happened to be the inflection point at which the DAX recent bounced off.
The second target area for the downside on the retrace was 12615 which was a Fib level that we were watching, but the rejection at the first level suggests that this move lower was just enough to get some new buyers interested. Now, what is the move higher? Where is the upside target? With the Christmas rally ahead we may see new highs across the board in equities. From here we really need to break through the 13305 level that is holding resistance and get into the previous all-time high.
If price breaks above 13305 into 13320 then we will anticipate the move into the high at 13600 or so. For that, some good European trade talks will help out a lot.
Disclaimer: This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not responsible for any market activity.
Weekly suggests retrace to 12620 on DAX, then up to 13775!Immediate short on DAX makes sense if you look at it on a weekly basis there is reversal structure forming at the current price, the long wicked dojis and red candle pinbars are associated with a move lower. The volume is accumulating for a slight retrace as the DAX cannot catch up to the US equities at all-time highs. The retrace is still the previous broken level which happens to be the 50% retrace from the impulse move. That would mean that a 5% pullback is to be expected in the DAX and that can be ignited by a pullback in the S&P 500 market which we are anticipating as well. The upside move is the extension based on recent impulses right at 13375.
Disclaimer: This trade idea is for educational purposes exclusively, this does not constitute investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
Could DAX30 Broke Above the Current Range?The momentum of the index has increased since the middle of August. But yesterday was a particularly bearish day for the German auto sector, as the markets responded to negative chatter from Beijing on trade.
The DAX30 index remains stuck in a narrow 13,100 - 13,300 range that has been in place for almost two weeks. The sideways consolidation can continue for some more time and the DAX is likely to break above 13,300 and resume its upside trend towards 13,400 - 13,500 eventually.
But until that happen the preferred trading strategy is Sells on the upper border of the range or Buys at the bottom limit. Today the price already tested the upper border of the Bollinger Bands and retreated. Now we expecting the price to test most probably the H4 50-day moving average at 13,115. If the DAX broke bellow it and under the downward line of Bollinger Bands, the bears could go further downside to the 23.6% Fibonacci retracement of the rally from October 4 to November 12 at 12,970.
The German Bundesbank’s monthly report warned that Q4 growth could stagnate, but with only a slight risk of a prolonged recession. There are no major data releases scheduled for today. A lack of stats will leave the major German index in the hands of risk sentiment throughout the day. Geopolitics continues to be the key driver, with updates from the U.S and China on trade talks in focus.
Dax - Intermezzo-Short - RRR 8 to 1Hi, Servus, Grüezi and Moin, Moin,
something really crazy today - a Dax "Intermezzo-short".
The last actions at the Dax were almost completely long and filled the account very well.
Now I think the time has come for an "Intermezzo-short" with RRR of over 8 to 1. I like to bet a few of the last winnings on RED candles.
My tradingplan:
Short-entry 13.227
SL: 13,287 daily high (60 points)
Target: 12,737 and lower (490 points)
Greeting from Hanover
Stefan Bode
DAX Short as Forecasted Break 12885Hello to all watching my charts.
Dax is since the decision level break and
break of
12885 short
I have shown you the levels again in the chart.
The short run has now increased...
Good trades
If you want to support my work , please be so kind and like them
-
My posts are not and advice to buy or sell something
always do your own research
-
Renkotrade
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DAX DEU30 LONG exact like Forecasted in the ChannelDAX is in Long Mode since 15.10. and runns up
in my channelsystem like it should.
The shorttime forecast is exact in the middle of
the longtime forecast channel, so move is straight
gone up in same manner since 15.10.
Please have an eye on the lower BLUE marked trendline
Short only by fall below that line at 12730
Stopp Long if the blue trendline is broken !
Good trades
If you want to support my work please like them...
and if you want to know more about my trading style
please send my a boardmail.
I am just started yesterday a blog, the design
must be finished , but the infos you are ableo to
find here.
www.patreon.com
Good trades
If you want to support my work please like them...
and if you want to know more about my trading style
please send my a boardmail.
Renkotrade
Renkotrade
DAX DEU30 1 HR Long End of 20.10.2019Hello to all watching my charts,
I am back here with a new analysis of german Dax Index
on a 1 HR view.
We have a very nice long setup since 10.10. and i do hope
everybody have seen that.
Thats in my midtime channel (blue) nice to see.
Of course such a strong rally cant last forever and has to be paused
sometimes.
Since yesterday we have such a phase
but if you check my shorttime channel (turkis green)
it still long.
So all which cried "short" at 18.10. are now faked out.
Please remember some of my rules:
Dont trade what you want to come next
only trade what you do see in the trading channels.
Good trades to all.
Renkotrade
Dax daily: 16 Oct 2019We saw another bullish happiness for Dax. After the initial long, buyers took a lunch break and the price resumed its climb later in the afternoon session. The resistance zone at 12 598 was broken and functioned as a support. Dax formed a new high of the recent past weeks but didn't hold the throne for long. The price then closed the day at 12 624.
Important zones
Resistance: 12 676
Support: 12 598
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Dax opened with a descending gap today. Before we finished writing this analysis, the gap has closed quickly. Buyers respected the support zone at 12 598. If the current bullish sentiment holds up, the retest of yesterday's high at 12 676 is very likely. That level is now an important resistance zone and should it be broken, we see another target at 12 730 which is the August high. Dax traders seem to be optimistic also due to the favourable Brexit echoes we hear recently. On the other hand, if the market mood changes, we are looking at a decline towards 12 483.
Dax daily: 02 Sep 2019 Welcome to this first analysis of the month of September. Friday's session started by a relatively fast retest of our resistance zone at 11 899, which hasn't even slowed down the price momentum. The uptrend was seen until 15:00 when Dax corrected the bullish move by descending lower to retest the newly formed support at 11 899 which was our valid resistance at the beginning of the session. Dax closed in its upper range.
Important zones
Resistance: 12 037
Support: 11 868, 11 771
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
09:15 - 10:00 CEST - Eurozone PMIs
Canada & USA - national holiday
Today's session hypothesis
Today's afternoon session might be slower than usual due to public holiday in the US and Canada. Morning session might be influenced by the series of PMI reports from the Eurozone. We also have an increased statistical probability for breaking Friday's high. We could see buyers jumping in at around 11 868 and if that scenario turns valid and the high will be broken, sellers are likely to correct the upside move at 12 037. Considering the fact we also have an increased probability of closing inside Friday's range, it is logical to focus our targets back into the range should the price get above or below the high/low from Friday.
Dax daily: 30 Aug 2019 We welcome you to this last Dax analysis of the week, month and summer holiday. Thursday's session appeared quite innocent in the first hour of trading. At 9 am, Dax shot firmly upwards and this momentum lasted till noon. At around 4:30 pm, Dax fell lower by some 90 points just to correct this volatile spike even above the initial fall.
Important zones
Resistance: 11 899
Support: 11 774, 11 700
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
It appears today we could finally close the resistance at 11 899 where we hope to find some sellers at the first retest. If we target the first one lower, buyers could be seen at 11 774 or even lower at 11 700. Should the price really drop down to 11 700, all our hypothesis for a bullish move turn invalid as that level is now distanced some 150 points away.
Dax daily: 29 Aug 2019 Yesterday's session drew a nice 'V' shape. The price started to fall towards the support level of 11 561 right from the beginning of the session and this was the area where price marked its intraday low and bounced back upwards. The first support zone laying at 11 678 had little effect. The statistical probability about closing inside the previous day range was also fulfilled.
Important zones
Resistance: 11 772
Support: 11 608, trendline
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
08:45 - 09:55 CEST - various Eurozone reports - refer to the Economic calendar
Today's session hypothesis
For today's price estimation, we need to monitor the Price Action around the slightly consolidated area formed around yesterday's close. If Dax goes above this zone, it is likely we see a retest of 11 772 and the return back to the range zone of the past few days. Contrary, should bears prove their presence, we can see the retest of our support level and the trendline around 11 600 which could serve as an interesting area for some bullish correction.
Dax daily: 28 Aug 2019 Yesterday's high was broken out as yesterday's statistics hinted. There was no apparent resistance up till the 11 774 level which eventually stopped the bulls. The 11 678 zone functioned as a support level and the session was closed outside of the previous day range and this fulfilled the same statistical probability as well.
Important zones
Resistance: 11 774
Support: 11 678
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of closing inside of yesterday's session is 87%
Macroeconomic releases
NIL
Today's session hypothesis
Today we opened with a small gap which is already closed at the time of writing. The statistics suggest the price shouldn't get out of yesterday's range. The high from yesterday at 11 774 now serves as our resistance level. We are seeing a support level at 11 678. This zone is likely to be retested and we need to monitor the price action there. In case this support holds the price, we would like to see the breakout of the 11 774 resistance zone.
Dax daily: 27 Aug 2019 Monday's session started with a sharp upside move. As expected, sellers entered the market at our resistance level of 11 611 to correct the uprun, but not for long. The same scenario occurred once more at the following resistance zone of 11 645 which also didn't have long lasting. The 11 611 zone functioned as the support for another bullish push towards the end of the intraday session.
Important zones
Resistance: 11 707
Support: 11 561
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking yesterday's high is 83%
The statistical probability of closing outside of yesterday's session is 83%
Macroeconomic releases
NIL
Today's session hypothesis
Today we have a strong statistical probability of breaking yesterday's high. Right above this level, we have a nice resistance zone at 11 707 where we may anticipate seeing some bearish correction. Nevertheless, there is another strong card for the bullish sentiment as the statistics suggest the price is likely to close outside of yesterday's range. As always, we advise all traders to be vigilant and have a clear trade plan.
Dax daily: 26 Aug 2019 Friday's session started relatively innocent. As per our expectations, Dax descended to hit our support zone of 11 759 and closed the gap. We also saw buyers attempting to regain control before the storm hit the markets. News had it that China retaliated on the US import taxes and to no surprise, Trump's swift reaction on Twitter caused even more havoc when he lifted the existing tariffs even more (including services industry) and ordered american companies to withdraw from China. Dax bears started to jump out of the window and retested the subject S/R zone after the initial plunge. Next bearish target was the following support at 11 560 which slowed down the price for a few hours just to drop even lower to close the week at 11 532.
Important zones
Resistance: 11 645, 11 707, 11 611
Support: 11 404
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
10:00 CEST - EUR - German Ifo Business Climate
All-day - G7 Meeting in France
Today's session hypothesis
For today, we estimate to see some correction of Friday's downfall. Ideally, the price could reach 11 611 - 11 645 levels which could work well for sellers to take the price towards the support around 11 404. Beware of today's news, especially some G7 Meeting after-tremors.
