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D-DAX

DAX has started the new Channel Down bullish legDAX hit last week the bottom (Lower Highs trend-line) of the Channel Down that started after the July 31 High. Technically that is a short-term buy signal, aimed at the 1D MA50 (blue trend-line) and the top of the Channel Down. Our current target is 15500 (also on a +3.70% symmetry with the previous bullish leg of the Channel). A 1D candle close above the Channel Up will be a bullish break-out signal targeting 15920 (0.618 Fibonacci retracement level). But until it does, the trend will remain bearish within the Channel Down, targeting the 1W MA100 (green trend-line) at 14750. ------------------------------------------------------------------------------- ** 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:DE40Long
by TradingShot
1
GER30: Thoughts and AnalysisToday's focus: GER30 Pattern – LH - Lower support test Support – 15,055 - 15,015 Resistance – 15,287 - 15,504 Hi, and thanks for checking out today's analysis. The GER30 daily is today's focus. Due to the tragic events over the weekend, we have seen stock futures trading lower into the new week. The GER30 is testing Friday's firm finish and could be forming a new lower high. The key here will be if sellers can be price back down to test 15,055 - 15,015 support. A break set up a continuation of the med-term downtrend. If buyers can reject today's selling and break back above Friday's high, this could suggest a new higher leg and a possible test of 15,504. Good trading.
GShort
by Eightcap
05102023 - #DAXMarket made a nice bullish reversal candle yesterday when all are bearish, and this was as per plan (). IMO, price action is bullish vs price is still below the DBZ. But I would go for the move higher from here. Looking for PZ to hold and a move to target 15320. I will not discount the possibility of price reacting against the DBZ and a down move first (to 15002) but overall, looking for a move to 15236 minimally and 15320 likely, before any strong reaction from sellers.
OANDA:DE30EUR
by FadeMeIfYouCan
DAX: Channel Down bottom buy to 15,500.DAX touched the bottom of the Channel Down today and immediately reacted positively. The 1D timeframe is bearish technically (RSI = 33.050, MACD = -53.850, ADX = 44.059) but the RSI double bottomed inside a Zone same way it did on the August 18th LL. We are long, aiming at a +3.73% rise (same as August) as so far the bearish legs at least have been symmetrical. We may see a 1D MA50 test there (TP = 15,500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
4
03102023 - #DAXI was bearish DAX yesterday () despite the opening gap up and it played out well; market played out almost as per the path, coming down to bottom of PZ, rallied up to above double resistance before a sell down. Probably, what is somewhat surprising is that, despite the up move in SPX (led by NDX, DJIA was weak) DAX was much weak too. Overall, I would say that DAX is weak. And if we are looking at price action, what happened is, price sold off rather deeply, hit the bottom of the Bollinger Band for days, then found support, rallied for 1-2 days, found sellers and sold back down, with space now for further down side. But again, I would say that the speed of the sell down is a bit too steep; yesterday's down move brought price directly back to the bottom of the Bollinger Band again, in which, having another bounce is not surprising. And also, one thing to note is, sellers have yet been able to bring DAX below last week's low though. For today, if following the trend, I would say to continue to look for downside with bearish price action and the zones above as resistance. 15282 should be a good max level to look for short for a move to 14986 strong support and 14900. If 14900 trades, will be glad to look for longs for a good bounce.
OANDA:DE30EURShort
by FadeMeIfYouCan
DAX TRADING OPPORTUNITY Following the Downtrend on the DAX, price made a lower high and lower low creating a new Market Structure. Digging into the volume-candle analysis the upward move from Wednesday to Friday last week, created under light volume and small range candles. Showing the potential downtrend continuation. Price rejection on Friday below the 50% fib reveals the strength of the bears in the DAX. considering the LHLL and the RSI below 50, both indicated bearishness. On this time frame. If price continues moving lower there is a key level of Support S1 found around 15143 and if price continues lower the next Key Support found at S2 around 15022. Pay attention to this , it is just above the round number 15000. In case the price continues moving upwards, there is a strong Resistance found at R2 that is in between the 50% and 61.8% fib level and this can cause the market to move lower Happy Trading guys
PEPPERSTONE:GER40Short
by MarketMindsMastery
DAX Elliott Wave Analysis for Monday 02/10/2023 (+ Higher TF)For traders (lower timeframe) The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside as a wave ((v)). For investors (higher timeframe): In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
OANDA:DE30EUR
by AndyCuckoo
DAX Rejection on the MA50 (4h).DAX remains inside a Channel Down pattern. The price just got rejected on the MA50 (4h). The pattern so far matches exactly the first bearish sequence of the pattern. Trading Plan: 1. Sell on the current market price and keep as long as the price trades under it. Targets: 1. 14950 (-3.75%, symmetry with August). Tips: 1. The MACD (4h) is on the exact same level as the August 11th rejection on the MA50 (4h). Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:DE40Short
by TradingBrokersView
4
DAX Bottom rebound buy opportunity to 15650.DAX (DE40) has made a short-term bottom near the Lower Lows trend-line of the Channel Down after hitting the 1W MA50 (red trend-line). This is a short-term buy signal to at least 15650, which is on the Channel's top and represents a symmetrical +3.66% rise similar to the previous Lower High leg. If it doesn't get rejected, this is where the Fibonacci retracement levels come forward. The 0.382 Fib is almost exactly on our target. A break above, which would also be a break above the 1D MA50 (blue trend-line), targets Resistance 1 (15995), which is exactly on the 0.618 Fib. Only a candle closing above that Resistance justifies a bullish reversal for the long-term. If the 1D MA50 doesn't break, we expect the Channel Down to look for a 1W candle closing below the 1W MA50, which can technically deliver a downward extension towards the 1W MA100 (green trend-line) on the 6-month Support Zone. If that scenario prevails, we will need to see a clear indication that this will be the same High Demand Zone as during March 15 - 24, when all attempts to break it reversed emphatically as most candles closed above it leaving long wicks inside the Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40Long
by TradingShot
2