Daxshort
Target 8133? This is a long projection for dax.
Last moth, we reached the big cup and handle formation target that started with economical crisis in 2001.
Now there is a clear head and shoulders formation. It it close under the trend line, formation can work and leads us down to 8133 that price started the cup and handle formation.
Let's wait and see the monthy close.
DAX: where to start short againLittle bullish correction movement for #DAX
8850 could be a good level to start selling again
#Dax - First Target Hit! #Dax30The Dax has already reached the first target range and with 23 points has almost exactly worked through.
However, as the target has already been processed within a week, this does not necessarily mean that the situation on the stock market will ease. In the short term as upward correction perhaps.
It shows much more the part of the panic which must not be over yet.
On the contrary.
Due to the dynamics, panic could arise after a short relaxation phase and the target at 8,542 Dax points could be reached. At this level at the latest, the share quota should be increased to 100%, because no one who is on the move for the long term should miss such an investment opportunity in selected stocks.
Best regards
Stefan Bode
#Dax30 - Just the Beginning? #grxeurLike and subscribe, so that you are always up to date!
The analysis is not yet complete but here you can see in my opinion the preliminary basic structure of the Dax.
If this prevails, then the crash was just the beginning and part of wave 1, but then all those who are still invested long in the market should use wave 2 to sell their positions and hold cash in order to be able to enter the market again at a much lower price later.
I will deliver the big picture separately later. Be curious about it.
Greetings from Hannover
Stefan Bode
P.S. Liken and subscribe!
ridethepig | Green/CDU Grand Coalition Cooking in GermanyA fresh round of poll updates from Germany with CDU/Green coalition in play:
=> CDU/CSU-EPP: 28%
=> GRÜNE-G/EFA: 23%
=> SPD-S&D: 12%
=> AfD-ID: 11% (-1)
=> LINKE-LEFT: 9%
=> FDP-RE: 9%
We are marking the highs as widely mentioned previously in the 2020 Dax Macro Map:
Markets are unable to shrug off risk from Coronavirus and we are spreading into waterfall mode. PBOC stepping in to attempt stopping the bleeding but smells too little too late. No surprises EUR showing signs of marching in the opposite direction:
Those following the latest Macro charts in Euro will know, the philosophy of EUR finding a strong bid will constitute good criteria for the devaluation of German Equities. This is crunching time for the Fiscal side in Europe, if Germany start to turn on the fiscal taps (too late anyway) then the logical follow up is EUR long.
Thanks as usual for keeping your support coming with likes, comments, charts and etc!
DAX Intraday Sell IdeaWe are focused on Intraday selling of the DAX for today.
ENTRY 13746.9
TP 13621.75 ( pips 126 / RR 3+ )
SL 13787. 45 ( pips 40 )
Price action is completing a contraction below the 30% of the recent swing from high to low. We have a potential reversal candle on the previous candle and this looks like the best entry indication.
All we need is a breakout of the contraction.
The 4H Chart still has a solid breakout of 2x contractions. The first contraction is a major one and the 2nd is a continuation contraction for selling. Both are so far a success.
Yesterday price found rejection at the 13EMA on 4H but during the Asian session today it broke it, not a big worry for now as momentum is down for the time being.
On the fundamental & sentimental side we have lots of bearish indications with bad data out of Germany, Apple putting worries that profits will be slashed (impacting indices globally), Japan entering a recession with a very bad GDP print for Q4 2019 and the ongoing Coronavirus.
DAX daily,looks like a SELL now,cornered up in it's rising wedgeDAX daily, looks like a SELL now, cornered up rising wedge... futures over night, also show it now, before Europe opens...
Apple announced a profit warning some hours ago, no surprice, do to lockdown in China jan/febr....
Bear dvg in several indicators, in higher TF...
London Watchlist: A high probability of a breakout on the DAX!Hey hey traders and wannabe traders!
The London trading session is in full force and the markets are already moving! In the video we explain plenty of info about the Coronavirus and the current developments but don't go into the probabilities much, we did that with our community already! This video is all about our trading tactic/analysis on the DAX!
Right now the DAX is showing more excellent signs that a bearish move is probably on the cards in the upcoming 8 hours or so... we remain short here and really believe with strong conviction that the bears will be able to take control with as we have technicals, fundamentals and sentimentals supporting a weaker DAX!
On the technical side, the charts explain it all, on the fundamental the German GDP data was bad and the EC (European Commission) downgraded the outlook for the European economy and on the sentimental... well, the Coronavirus!
All in all this looks like a pretty decent short positon but like anything in the markets, it's not 100% so make sure you have your exit area!
Since the US markets are closed we will not do a New York watchlist later today... so see you tomorrow again for the London open, if we do find any interesting trades to take we will release them if we find the time to do so!
Give us a follow and we'll make sure to keep you educated with specific info and solid trade setups!
BUY DAX ON WEEKLY CHARTThe European market kept its collective head on Monday morning, avoiding another plunge despite the alarming losses in China.
One of the more curious aspects of the coronavirus situation is that, while the rest of the world’s indices suffered, the Shanghai Composite was side-lined by the Lunar New Year holidays. Well, Monday saw it play catch-up. The Chinese index lost close to 8%, investors bailing at the first chance they got – this as the death toll jumped by 57, the single one-day increase since the virus was detected.
Instead of treating this as another chance to sell, Europe was level-headed after the bell. The DAX rose 0.2%, while the CAC eked out a 0.1% increase. The FTSE was a bit more energetic, adding 0.3%, though that’s because of the pound’s early February retreat. As for the Dow Jones, the futures are currently pencilling in a 100 point bounce later this afternoon.
DAX30 GER30OUTLOOK: BULLISH
Past few days DAX30 has been confounding forecasters - and whipsawing short-sellers - by rebounding sharply.
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.
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