The German stock market was barely affected by political issues at the start of the week. After opening up with an 85 point gap lower, the DAX30 closes the gap and ends the recovery 96 points higher. Are we heading for a trend change?
Independance Day Tomorrow
We are wondering whether many market participants will stay away from the market in the face of the US holiday tomorrow. The trade dispute is still the main looming threat to the market at the moment.
The German Political Crisis
The asylum dispute in Germany and further escalating global trade conflicts have little impact on the German leading index on Monday. We are seeing a recovery due to hopes of an end to the dispute between the CDU and CSU. We continue to watch announcements from the coalition committee, but for now, we can focus on the technicals.
The Main Indices
Visit the page here which includes the videos recorded from yesterday’s webinar.
https://thedaxtrader.co.uk/index-trading-analysis.html
03-07-2018 Dax Technical Analysis
Join us for the webinar at 8am today by joining the telegram channel: https://t.me/DaxTraderChannel
03-07-2018 Dax 20m Chart
Currently Bearish below 12441 and forming a series of lower highs and higher lows. This would be considered a compression pattern. Consolidation or coiling generally happens before a major impulse wave.
03-07-2018 Dax 5m Chart
We are beginning to test the upper resistance of this wedge here. Notice how we broke through the top of the two-hour opening range yesterday? Come and join the webinar to see how this information will be used to find trade entries.
03-07-2018 Dax Key Levels
If you want to develop as a trader and adopt a professional mindset then you are at the right place. If you want to get excellent analysis and indications on the high probability setups, then come and join the DaxTrader community. We have a number of active members contributing towards the DaxTrader community with setups, charts and ideas. As a premium member you will have access to:
TheDaxTrader.co.uk Reviews
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The Chat Rooms
Participate in the various member’s chat room for Dax, Forex, Cryptocurrency, Algorithm Trading with charts and ideas, improve your own analysis and pick the brains of other experienced traders.
The Webinars & Webinar Library
We have some excellent content to share in the webinars to help you understand the strategies and tools used by Dax traders. These strategies and tools are incredibly effective on the DAX and quite easy to start to understand. They don’t require expensive software either. The experience available in the webinars is excellent with guest webinars weekly.
Live Trading Signals
When a trade opens on our account, we share the information directly to the signals channel. We provide information including the entry, the stop loss, the target and the date/time. Premium members get access to DAX, FTSE and occasionally S&P500. Our software sends the signals directly to your phone using Telegram messenger and thanks to our engineering, the delay between us opening a trade and you receiving it to your phone, is around 0.6 seconds.
The Charts (live)
I broadcast my charts for the majority of the day, which you can access and see what we are working on. You can view the charts from a tablet or smartphone as well as a computer
