The DAX (DE40) could rise towards a resistance level at 18,263.22 which has been identified as a pivot point. Could price stall around this level before potentially making a bearish reaction to drop lower? Pivot: 18,263.22 Support: 18,005.20 Resistance: 18,431.16 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should...
Surrounded by bears > i thought I'd post a bullish view. On the weekly chart SMA 7, 20, 50 & EMA 200 all pointing up... SMA 50 about non crossing EMA 200 will be the confirmation the trend i snot over... we'll see end of week with NFP. If bull is confirmed Targets are on chart... Estimated ATH summer/sept 2023 Red line invalidate the concept !
-----------DAX DOWNSIDE MOVE IS ABOUT TO HAPPEN----------- DAX index shows a few signs that it is ready to deep dive. The course is at all time high. Economic indicators like GDP, interes rate, emloyment don't support that optimistic behaviour. Weekly RSI is at overbought territory. And daily RSI shows divergence. I think it is time to re-consider the long...
The DAX (DE40) could fall towards an overlap support at 17,903.18 which has been identified as a pivot point. Price could potentially bounce off this level to make a new all-time-high (ATH). Pivot: 17,903.18 Support: 17,659.90 Resistance: 18,263.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
Hello everyone, this is not a usual trading analysis. So don't take any trades from monthly levels, as you can't manage the risk at all. What you can see is my try to figure out how the DAX went through different states of price development and really interesting to see is, that every big crisis ended one phase and opened a new one. In my point of view we are...
What makes us expect a technical correction this time, is the similarity in terms of RSI with mid February 2023. It took another 3 weeks for the price to decline but not before the RSI completed a Cup and Handle pattern. That was a -8.00% decline, we are aiming from the current levels for a -6.40% decline, which happened another 2 times, so our target is near the...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
The DAX (GER40) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 17,658.75 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 17,451.85 Why we like it: There is a pullback support that sits under the 38.2% Fibonacci...
DAX (DE40) is extending a very strong Bullish Leg, which started after the previous short-term correction ended on January 17 2024 with a contact on the 1D MA50 (blue trend-line). This is part of an overall Bullish Wave that emerged on the latest Higher Low (October 27 2023) of the 1.5 year Channel Up. However as the 1D MACD is about to form a Bearish Cross...
DE30EUR - 24h expiry Price action resulted in a new all-time high at 17904. We look to buy dips. 50 4hour EMA is at 17685. The primary trend remains bullish. Offers ample risk/reward to buy at the market. We look to Buy at 17690 (stop at 17590) Our profit targets will be 17940 and 17990 Resistance: 17760 / 17907 / 18000 Support: 17710 / 17618 /...
The #EU is Marxist, Socialist, and is involved in Price setting That didn't work out too well for USSR as economic powerhouse and so too we see the once great German economy being brought to it's knees. It is being de-industralized and being brought down in a great economic levelling of the union Such a shame Bayer Pharmaceutical is arguably a company we...
Good day and i hope you are well. There is a theory of markets, that the ‘Generals’ usually lead the way for the next impulse. I have no idea about the proven probabilities of that but let’s just talk about some big stocks here, which supports my bigger bearish market thesis, that this still might be the blow-off top at the end of a very long ongoing bull trend...
We seem to be reversing off the top of this multi-channel area at 31.25. In Addition, RSI has bearish divergence and we also recently had a demark13 countdown which could signal an exhaustion in trend. Watch for a reversal to take place off the current area. Perhaps a move back to the 50day moving average which currently sits at +- 29.60 and rising daily, is a...
DAX has seen some deep pullback in 2023, but it was A-B-C drop into the important 14400-14600 area. We can see nice and clean impulsive recovery from that support area and back to new highs, so bullish trend is back and it's very strong one; a move that can resume even higher after recent consolidation. Ideally that's wave 4 that can be now completed with current...
The DAX stock index is approaching the overlapping zone of bullish targets, and we expect to end our move by recording the historical ceiling in the overlapping zone and FTR doing for the broken ceilings.
Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
The DAX (GER40) could rise towards a potential breakout level and make a bullish continuation towards our take-profit target. Entry: 17,830.55 Why we like it: There is a potential breakout level (wait for 1-hour candle to close above 17,830.55 for a breakout confirmation) Stop Loss: 17,569.05 Why we like it: There is a pullback support that aligns with the 23.6%...
I was looking for a move lower for DAX yesterday and we got the move (). Levels worked perfect despite the somewhat choppy movement (DAX was strong despite weakness in the US indices). The strong level below held perfectly while the level above also provide a good short during the US session and mentioned in the group chat. If I look at the daily candle, price...