DE30EUR 2021 Jan 18 Week
OANDA:DE30EUR
Green/Red = Preferred entry
Double Top, and 2nd last bar showed weakness by closing off the lows.
Possibly will test 13716 / 13650
Resistance2 = 14078 - 14138
Resistance1 = 13876 - 13928
Support1 = 13568 - 13600
Support2 = 13415
Support3 = 13209
Support4 = 13004 - 13043
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GERMANY 30
DE30 in Head and shoulders.GER30 - Intraday - We look to Sell a break of 13818 (stop at 13889)
We are trading at overbought extremes.
Rallies should be capped by yesterday's high.
A bearish Head and Shoulders is forming.
We look for losses to be extended today.
A higher correction is expected.
Our profit targets will be 13606 and 13511
Resistance: 14000 / 14100 / 14200
Support: 13900 / 13800 / 13700
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
DE30EUR 2021 Jan 11 Week
DE30EUR 2021 Jan 11 Week
Red/green zones = preferred trade areas.
We see a strong rejection at A, notice the bar closing at the bottom third of the bar.
The bar after intermediate support at B went up on low volume, likely a mark up bar
Some reduction in volume as price makes new high, keep stops tight if on long position / protect profits.
Possible levels if price > 14140
14212
14254
Resistant1 = 14101 - 14140
Intermediate support = 13996 - 13420
Support1 = 13900 - 13928
Support2 = 13731 - 13747
Support 3 = 13568 - 13590
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 13854 (stop at 13931)
We are trading at overbought extremes.
A higher correction is expected.
A break of 13850 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
allies should be capped by yesterday's high.
The RSI is trending lower.
Our profit targets will be 13632 and 13532
Resistance: 14000 / 14050 / 14100
Support: 13900 / 13800 / 13700
DE30 Sell the top setup.GER30 - Intraday - We look to Sell at 13898 (stop at 13977)
We are trading at overbought extremes.
A higher correction is expected.
A break of 13660 is needed to confirm follow through negative momentum.
With signals for sentiment at overbought extremes, the rally could not be extended.
Rallies should be capped by yesterday's high.
The RSI is trending lower.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 13672 and 13572
Resistance: 13800 / 13900 / 14000
Support: 13700 / 13630 / 13550
DE30EUR 2021 Jan 06 Midweek Update
OANDA:DE30EUR
DE30EUR 2021 Jan 06 Midweek Update
Could this wide spread down bar on ultra high volume be accumulation?
Keep your eyes on 13681.
It is back into a previous supply zone, circled, so I'll be cautious at the moment.
If price goes below 13533 then we would likely see a change in trend.
13681 : if it holds, then we can see a test of the high.
Resistant1: 13890 - 13928
Resistant2: 14020
Resistant3: 14090
Support1: 13568 - 13590
Support2: 13458
Support3: 13349
Support4: 13233 - 13250
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DE30EUR 2021 Jan 04 WeekOANDA:DE30EUR
DE30EUR 2021 Jan 04 Week
Since 22 Dec price had been marked up (note little participation in the volume)
28 Dec sees a little push by smart money beyond an old top 13773 for distribution.
The market moving down from 29 Dec's also due to lack of participation by the big boys.
13681 : if it holds, then we can see a test of the high.
Resistant1: 13878 - 13909
Resistant2: 14020
Resistant3: 14090
Support1: 13578 - 13611
Support2: 13415 - 13472
Support3: 13233 - 13250
DE30 Buy a break setup.GER30 - Intraday - We look to Buy a break of 13452 (stop at 13356)
Daily signals are bullish.
We look for a temporary move higher.
Short term RSI is moving higher.
Bespoke resistance is located at 13700.
Our bias remains bullish and further upside is expected to target resistance at 13700.
Our profit targets will be 13738 and 13848
Resistance: 13400 / 13500 / 13600
Support: 13300 / 13200 / 13100
DE30EUR 2020 Dec 14 WeekOANDA:DE30EUR
Resistant2 = 13497 - 13830
Resistant1 = 13222 - 13300
Support1 = 13019 - 13057
Support2 = 12684 - 12720
Look left to Sep 2020, price is now approaching a resistance area.
Price had remained in a range.
As the year end holiday mood looms, have a break from tradng
DE30germany market hows looking like my analysis.. big sell but long time. if corona virus effect then chart may can go like my analysis..
ridethepig | DAX favourable to sellers📍 A few more words about the possible creation of a waterfall in global equities.
There is a strategically interesting example of the exploitation of ECB and FED. The board is hanging by a thread, here German Equities are remarkably similar to that of someone who is having difficult paying their debts while having to bend the knee and convince the masses to be guarantors.
One indication of the weakness at the highs is the isolation of 'C' represented in the retrace. All in all, the price action is clearly congested and gridlocked at the highs, but it will become really weak in the endgame of a cycle.
Here buyers came back in after we cleared the initial targets. If they manage to stop the sellers by completely blockading the downside and turning the move into an impulsive nature, then they are only right to claim victory with a break of C which will then unlock '3' in a sequence... you get the point...
The choice between bids and offers is generally not a very difficult one to make with vaccine and elections (almost) cleared. Of course the short-term news will shift negative a the hanging stimulus is illusory. So we can actively sell the highs here; quite rightly aiming for support.
Thanks as usual for keeping the feedback coming 👍 or 👎
DE30EUR / DAX30 / DAX - Shooting Stars and HammersPlease don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Trade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
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Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
I'm short on DE30I'm short@ around 13156.621273 and take profit level@12395.7919 and second profit target@12000
DAX still looking for a correction (when buy? when sell?)In my opinion, DAX is still overheated through the latest vaccine news. Looking at the daily chart, you see lots of impatience.
A correction is more than likely to happen with DOJI candles at the top. The fundamentals don't really point in the direction of an ongoing rally. During the Corona crisis, the most accepted value was 12640.
The area between 12800 and 12640 would be for me a fair price in relation to the current situation.
You can see this chart as a confirmation of your own settings.
Take care about not getting stopped out, look for a good money and risk management as always and happy trading!