GER30 CFD
DAX30 Buy a break setup.GER30 - Intraday - We look to Buy a break of 14144 (stop at 14065)
We are trading at overbought extremes.
We look for gains to be extended today.
A break of 14150 is needed to confirm follow through bullish momentum.
Daily signals are bullish.
Short term MACD is moving higher.
Our profit targets will be 14384 and 14464
Resistance: 14100 / 14200 / 14300
Support: 14000 / 13900 / 13800
Ger30 and its developement for the next weeksLet me know your idea and opinion about my setup. I think there is a big opportunity to profite big and huge in the DAX30 right now. On monday, we have to fill two gaps and go for a bigger correction phase before trying again the 14000 resistence zone. Since there won't be much liquidity and buyers to find above 14100 the price will most likely fall to the previous liquid zone. It should be noted the Ger30 is traded illusive and unfairly high so other indices like Nasdaq and S&P or Dow Jones.
DAX High alertPattern: Channel Up on 1D.
Signal: Sell as the MACD is flatlined and could repeat the September 2020 sequence.
Target: The 1D MA50.
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Ger30 1th week 2021The G30 is bullish but in a corrective stage. Either it will close the gap at the last week's point or at the last month's point.
GER30 Sell a break setup.GER30 - Intraday - We look to Sell a break of 13759 (stop at 13831)
We are trading at overbought extremes.
A higher correction is expected.
A break of 13770 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
Our profit targets will be 13543 and 13413
Resistance: 13900 / 14000 / 14100
Support: 13770 / 13630 / 13550
ger30,DAX,DAX30, short this is a short as in it really near all time high and soon going to break because of global reasoner that are going in the upcoming time.
in a bigger picture it is following a very high push upwards so might as well go for another high records but it closely follows Dow. the new York exchange and hence can be highly volatile due to the pandemic .
overall many retailers want a short as it has been a very strong upwards sueeze but to cannot fight against the banks youll have to always respect the big sharks in the market
DAX - the huge bearish gapThe German DAX index has opened with a huge bearish gap. Thus, the market seems to fall below the key support level at 13452 which has been a previous resistance. Currently, the market is testing another potential support at 13022. However, if it is broken we may expect another sell-off with a potential target at a previous gap near 50 percent Fibo retracement.
If this gap is filled the correction may be finished and a new upward movement may be created in the near future. From the larger perspective, the DAX index may also create a potential inverted head and shoulders pattern.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GER 30 (17/12/20)Sometimes you will find it is difficult to identify the wave structures in detail. The best way to overcome this issue is to calculate the number of waves that appear in the chart. if 7 or 11 that means the wave is a corrective wave. If 9 or 14 that means impulse wave. In DAX I found 7 waves which means the corrective wave is about to complete but there is a small triangle that motivates me to buy it and targeting a new top which is a missing wave in the impulse structure.
DAX - broken supportGerman index DAX has broken first potential support at 13167. It has been set by the equality of the corrective movements. Currently the market is at the next potential support set by previous local lows near 13000 pts.
If it is broken we may expect a larger correction with key support set by the bullish gap and by the 38,2 Fibo retracement. It could also be a potential right shoulder within a huge inverted head and shoulders pattern.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
DAX - below resistance and above supportThe DAX index has tested first potential support at 13170 where the equality to previous correction is set. We are talking about one to one correction or running correction. It seems that only a move below this level may open the way to the next potential support set by 23,6 Fibo retracement or the bullish gap near 38,2 Fibo retracement.
However, the German index is also below key resistance at 13452. It seems that only a move above it may be a potential signal for the buyers to continue the recent rally.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GER30 (DAX) long term analysisWe see here the Dax since the 1970's. At the beginnig we have a clear 5 wave impulsiv structure. At the beginning of the new Millenium this structure change to a corrective one. But at this time I could count it also as an impuls. The clearest indication for a corrective structe is the Wave from 09/2011 to 05/2014. I do my best to count this wave as an impuls but it was not possible. Nevertheless the market rise in this time. The only logical interpretation was for me that the Dax is from it's beginning in a corrective structure. The most important question now is whether the coronalow is already the connecting X to the next rising wxy (38.2 RT was hit) or whether the market has just completed a W and we can still expect a Y, which brings a new low.