bad sign for #daxif by any chance today's candle close comes in red or doji , we can expect bear divergence on daily TF & coming week of blood bath , but all depends on todays closing .
DAX trade ideas
German Index DAX - Head and Shoulder Neckline retestDax broke it neckline way before the correction started in US markets. After a drop now it is retesting the neckline.
We can expect a correction from here again, BREXIT may be the trigger.
GER30 Fibonacci Retracement betIt shot up due to Powell comment which is just an outlook. So expecting a retracement first before it goes anywhere else.
Will it turn out to be one of the classic H&S patterns? IS DAX the leader of the markets to guide everyone?
DAX - Massive gap down at supportThe key support which was holding the Dax got breached with a sizeable gap down..Be very cautious about the Eurozone going ahead in the short term.
Ger30 Weekend StrategyLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Ger30 Hammer SetupLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
DAX looks its gonna breakdownGermany Stock Market Index DAX may be creating a Head and Shoulder pattern at the top. In order to break out and become bullish the Index has to strongly close above the Red line which it has been following for past months.
A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term.
Watch out for the contagion effect on our Indian markets.
DAX is made Head and shoulder exactly near Fibonacci level.DAX is made head and shoulder pattern near Fibonacci level..
which is a very bearish sign.
Germany is very strong economy in Eeurope.
now if Germany market is collapsed then we can think about Europe
dax - head and shoulder formationindex has formed a bearish head and shoulder pattern
breakdown will be valid once price will move below 11750.
