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Will DAX find buyers at 78.6% pullback?DE30EUR - 24h expiry Price action continues to trade around the all-time highs. The primary trend remains bullish. We look to buy dips. 20 4hour EMA is at 16865. Levels close to the 78.6% pullback level of 16863 found buyers. We look to Buy at 16865 (stop at 16785) Our profit targets will be 17065 and 17125 Resistance: 16970 / 17004 / 17100 Support: 16890 / 16800 / 16750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
a weekly price action market recap and outlook - daxGood morning and i hope you are well. This week bulls took over again and nasdaq e-mini futures printed a new all time high. After last Thursday and Friday, which gave good looking buy signals, this weeks follow through was expected. As mentioned during the week, i don’t expect much higher prices and that we will form a top here before we trade down over the next months. That does not mean, that markets can’t make higher highs. I just think the probability of that is low. That’s why i started taking longer term short positions in dax and nasdaq, to which i will add higher and take profits when appropriate. dax Quote from last weeks outlook: Let’s talk bull case first: Bears could not produce lower prices or big consecutive bear days below the 20ema. Bear channel held and bulls just bough everything under 16700. Bears tried 3 times and now they will probably give up to short higher again. Thursday and Friday printed consecutive bull bars and it’s a buy signal. They want a retest of the ath or at least trade back to upper channel lines. Market did exactly that and we even broke above the bear trend line. I still think this is a trading range and two legged moves are common. We might retest the previous January high at 17123 and depending of the strength of that, could also retest the ath but i highly doubt we can break it. Highest odds for me are that this is a lower high and i just have to adjust the bear trend line. For next week i expect a weaker overall (if earnings do not surprise upwards big time) market and bears trying to print lower lows. If the bears are strong, we could trade back to the lower bear trend line at around 16200. Everything below would be a surprise, as well as prices above 17200. outlook last week: “probably up“ → good outlook, was good for 300 points short term: sideways to down medium-long term: down - what would change that? two consecutive daily closes above 17300
EASYMARKETS:DAXEURShort
by priceactiontds
The extension of the Bull marketDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. The first analysis is Litecoin In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
XETR:DAXLong
by mehdi47abbasi79
The DAX could be at (or near) a swing lowIndex futures held their ground overnight, and the US dollar's rally is showing signs of near-term exhaustion. And that indicates a subtle change in sentiment ahead of today's open. The DAX found support at its 50day EMA on Wednesday, which is just above the 2021 high. Given a small-ranged bullish hammer formed alongside higher volume suggests a 'change in hands' between sellers to buyers, so we're on guard for a bounce. Bulls could seek to enter within yesterday's range with a stop beneath the 2021 high and initially target gap resistance around 16,490 - a break above which brings 16,600 into focus for bulls. However, as we suspect the US dollar is set to extend its gains after a pause in its rally and that equities are yet to make a decent retracement, we're anticipating another leg lower towards the support zone just above 16,000.
XETR:DAXLong
by CityIndex
a daily price action after hour update - daxGood evening and i hope you are well. After such strong rallies, markets tends to form trading ranges instead of another trend in whatever direction. So today, we chopped back and forth. Which is bad for the bears because that means acceptance of higher prices. Only question is then, how high? Most indexes have obvious targets above, which i gave in my weekly outlook. I also said market is currently bullish and today further confirmed my thesis. dax Dax is inside a big triangle from the recent bull trend and the upper bear channel visible on the daily chart. Today was uneventful since we close 9 points above the open price. The tricky thing on a day like today is, that the 2 to 3 legged moves inside the range look strong with good looking signal bars that just turn around at support & resistance, tricking traders into believing a breakout is about to happen. That’s just something will learn to read with hard earned experience. Nothing else. short term: sideways to up medium-long term: down trade of the day: short from the open to globex gap close and test of fridays open and the long above bar 55 to todays open price. that could have been 150-200 points
EASYMARKETS:DAXEURLong
by priceactiontds
dax - a weekly priceaction recap and outlookGood evening and welcome to the 2024 early bull games. Something like that bears must have felt thursday and friday. S&P500 & Nasdaq futures are breaking out big time and are on their way printing new all time highs. That being said i still think the moves are part of their respective monthly trading ranges and we won’t trade far above. dax cfd Dax was early with the consecutive new ath’s and is now lagging a bit behind the bullish price action on us indices. So the biggest question into next week is, will we break above the smaller bear channel and join the us rally or are dax bulls done and every rip get’s sold? We had 3 legs down inside the bear channel, broke out of the triangle to the downside but bulls closed at the friday highs and above the daily 20ema. For me to complete this market cycle (trading range after the big rally from october), would be another touch of the upper bear channel. Which one? Doesn’t matter but i think the higher one around 16970ish will get touched or broken. Why? Let’s talk bull case first: Bears could not produce lower prices or big consecutive bear days below the 20ema. Bear channel held and bulls just bough everything under 16700. Bears tried 3 times and now they will probably give up to short higher again. Thursday and friday printed consecutive bull bars and it’s a buy signal. They want a retest of the ath or at least trade back to upper channel lines. Bear case: The ath at 17199.5 was done with a big gap up and the daily closed deeply red. Since then every attemp at 17000 was rejected. Not really surprising after printing multiple new ath’s in the last weeks. Bears see the the break below the triangle as confirmation for lower prices and thursday + friday as a retest of that breakout. They do not want the market to close above the smaller bear channel line around 16800 otherwise bulls will see this as a buy signal. outlook last week: sideways - good outlook since we closed a bit below last week short term: probably up but just slighty in my odds. if friday was a bull trap and bears can get strong selling pressure, i look for shorts. but i would also not be surprised if we close monday above 17000. medium-long term: down - what would change that? two consecutive daily closes above 17300
EASYMARKETS:DAXEURLong
by priceactiontds
Germany [Large Cap EU] vs. USA This seems to be more difficult for me. I like to discuss this one. You can see converging lines, but they were converging even more months to years ago. There was a quite strong spring. It has been tested strong but remained strong untill march 2023, when the banking crisis started. next week a lot of folks are looking at the ecb. The testing of the clear down channel triggered a very strong down move which is still intact and shaked as well as cutted the VPOC (volume point of control). As of friday there was a week close below the channel. The bears are leading this one down, but there is a possibility of a upward reversal. The up move went to 150 % fibonacci, so the establishing bullish channel is quite strong . Good look for all of you, trading stocks from europe ! I am in ETFs from Europe .
EUREX:FDAX1!
by revilo1987
DAX H4 | Resistance overheadThe DAX (GER30) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 16,797.48 which is a multi-swing-high resistance that aligns close to the 100.0% Fibonacci projection level. Stop loss is at 16,900.00 which is a level that sits above a multi-swing-high resistance. Take profit is at 16,386.44 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Short
by FXCM
2024-01-18 - dax price action update Good Morning, i could see dax breaking out of this bull channel to rally upwards. I'd look only for longs here. Here is my recap from yesterday after hours to give more context: Let’s look at the 1h tf because today closed 10 points above the opening price. That tell’s you enough. Opex sold off 100 points to eu open and bulls could not get this above 16560. Bears tried multiple times to push this below 16500 but every attempt was bought. One side tries to push the market into a direction just so many times before they give up. This brings us to an adjusted big lower bear channel line so market is free to move up imo. We will trade sideways to up in the globex session which would bring the 1h 20ema closer or we can get above it. More reasons why we market could go up. Bar 10 + 16 today formed a double bottom and bar 16 + 19 could already have set the new bull channel upwards. If you look at the daily chart, you can clearly see 3 pushes down and an expanding triangle. Lows from 2023-12-18 + 2024-01-05 + 2024-01-17. Do i have a short term bear case? Not really, i think the odds that we break below that channel and close low are below 25%. short term: up medium-long term: down
EASYMARKETS:DAXEURLong
by priceactiontds
DAX Elliott Wave Analysis for Thursday 18/01/2024In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario suggests that wave 4 as a WXY structure should be in. If we do not see upward price action, we are working on a deeper ABC correction.
OANDA:DE30EUR
by AndyCuckoo
DAX Channel Down aiming at 16000DAX (DE40) has transitioned into a Channel Down pattern following the December 14 top rejection on the Higher Highs trend-line. The 1D MA50 (blue trend-line) is fast approaching as the first level of Support but we expect it downtrend to bottom lower as resembles the declines of August 2023, March 2023 and December 2022 both on price and 1D RSI terms. All those declines have been extended at least to -6.50% so if the current pattern continues to replicate them, we expect a 1D MA200 (orange trend-line) test. As a result our Target is 16000, exactly at the top of the Support Zone. We will buy for the medium-term once the 1D RSI starts making Higher Lows (buy on the 2nd Higher Low) at below neutral levels. The 1W MA100 (yellow trend-line) is the long-term Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40Short
by TradingShot