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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. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
EUREX:FDAX1!Short
by InvestingScope
DAX analysis for 21.4.2020Hi traders, today I got to my charts a bit late but let's take a look at what happened in the morning and what can we expect from the US session. EUREX:FDAX1! opened with gap to the down side today which really canceled the yesterday's Pin bar signal. The morning was again quite lazy but eventually we broke yesterday's low and the price continues trending lower ever since. The first support is low from 16th April but we might see the price go even lower to 10 110. I am now going short with the profit target at 10 250. John FINEIGHT Team
EUREX:FDAX1!Short
by Fineight
DAX analysis for 15.4.2020Hello traders! Yesterday I shot a video about drawing support and resistance levels on EUREX:FDAX1! and I mentioned that I am going to be looking for some long trades from the support at 10 500 EUR. Today after opening the price went down and now is bouncing from this level. I entered with a part of my position and I am waiting for a confirmation to enter with the rest. I am expecting the price to go higher today and in the longer term, we should be hitting the high from March 10 and filling the gap above. Stay tuned for more updates. Have a nice day! FINEIGHT Team
EUREX:FDAX1!Long
by Fineight
Chart analysis - drawing support and resistance levelsHello traders! Today I have got a video for you describing my way to analyze the chart and draw support and resistance levels. I have taken a look at EUREX:FDAX1! and went from the higher timeframe to the lower ones. The idea is to find the strong levels on higher timeframe and then adjust them on the lower ones according to the latest market activity. I hope you enjoy this video and let me know at the comments what is your way to analyze the chart. Take care. FINEIGHT Team
EUREX:FDAX1!
by Fineight
1
DAX analysis for 9.4.2020Hello, yesterday EUREX:FDAX1! tried to go lower several times during European session. Sellers were more aggressive than buyers as you can see from the chart. When the price was going down, the movement was much faster than when it was coming back up. But eventually they were not able to break the pre-market low and the price went higher in the late afternoon. Today DAX might continue to grow, so we are going to be looking at some lower time frame confirmation and opportunity to get in. Have a nice day! FINEIGHT Team
EUREX:FDAX1!Long
by Fineight