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GERMANY 30

DAX30 Intraday Setup.GER30 - Intraday - We look to Sell a break of 13028 (stop at 13151) We are trading at overbought extremes. We have a Gap open at Monday from 12478 to 12668. A higher correction is expected. Rallies should be capped by yesterday's high. We look for a temporary move lower. Short term MACD has turned negative. With signals for sentiment at overbought extremes, the rally could not be extended. Price action has formed a bearish ending wedge formation. Our profit targets will be 12669 and 12542 Resistance: 13200 / 13300 / 13450 Support: 13090 / 12950 / 12700
DShort
by Signal_Centre1
DE30 Sell a Break setup.GER30 - Intraday - We look to Sell a break of 11428 (stop at 11521) Posted a bearish Flag formation. A break of 11450 is needed to confirm the outlook. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Our outlook is bearish. Trades at the lowest level in 18 weeks. We look for losses to be extended today. Trend line resistance is located at 11640. We can see no technical reason for a change of trend. Our profit targets will be 11151 and 11081 Resistance: 11700 / 11800 / 11950 Support: 11550 / 11450 / 11300
DShort
by Signal_Centre1
ridethepig | DAX into the elections and beyond📍 DAX gaining tempo The previous 2020 macro map, outdated as it may be, contains the overarching manoeuvre which we can now describe as a compounding play. It is as follows: my models started to pick up on the alarm bells towards the back-end of last year, and hinted of DAX making revisiting 10,000. The compounding is going to be of great importance, when we realise the 5th wave is still (yet) to complete. By the time private clients began to call outguessing the Green / CDU coalition and 'Green New Deal' it was too late... and there now occurs two dominos: if DAX retests the lows in a panic move, and sellers force through a retest of the lows for a second time and then the new economic cycle can begin in 2021/2022. Moreover, for those trading the single currency, we are going to get major updates here as we enter into 2021 and digital currencies come through the backdoor. This fact paves the way for perpetual bonds which are on the way to act as a trojan horse for government defaults is of utmost concern. The brutal bear market rally in the euro is not going to help german equities over the coming months, and the ECB knows it which is why they are signalling distress signals louder than usual.
OANDA:DE30EURShort
by ridethepig
5
DAX GER30 The "Main Trend Is Always Up" Game is coming to an endDAX / GER30 : The "Main Trend Is Always Up" Game is coming to an end... Even though it may seem that DAX futures could recover somewhat from the losses of the today's core trading session, it is important to keep in mind how the 3 and 4 hour trends are developing in the meantime. Have you been following the German and European news in the last few days? They say that according to the "efficient market theory" everything is already priced in, but I think you shouldn't switch off and do use your own mind. Take care! ReallyMe
FX:GER30
by ReallyMe
4