DAX Critical junction on the 1day MA100.DAX hit today the bottom of the short term Channel Up. This is inside a larger Channel Up pattern that started during last year's market bottom.
As long as it holds, especially the 1day MA100, buy and target 16600 on a +6.34% repetition of the first short term Channel Up rally.
If the price closes under the 1day MA100, sell and target the bottom of the long term Channel Up at 15150.
The 1day RSI, trading inside a Channel Down, gives a clear indication as to when that low may be achieved.
Previous chart:
Follow us, like the idea and leave a comment below!!
D-DAX
DAX Elliott Wave Analysis for Wednesday 31/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, we see an entry for both a long and short trade at the extremes.
DAX Trade break outs only. Neutral at the moment.DAX has turned neutral after the 16340 top and the subsequent test of the MA50 (1d).
As long as those two levels hold, it will remain sideways with no action to take.
The long term pattern is a double Channel Up.
Trading Plan:
1. Buy if the price closes over Resistance (1).
2. Sell if the price closes under the MA50 (1d).
Targets:
1. 16750 (top of Channel Up).
2. 15200 (Fibonacci 0.618 level).
Tips:
1. The RSI (1d) is trading under the MA trend line, consistent with the previous two bottoms of the Channel Up.
Please like, follow and comment!!
Notes:
Past trading plan:
DAX Elliott Wave Analysis for Monday 30/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we probably still go up in the lower timeframe. We discuss several scenarios that could play out. For today, we see an entry for both a long and short trade at the extremes.
FDAX UpdateToday's morning pump was brought to you by the Euros because their market was oversold. PCE numbers came in high but the algos don't care....
I don't expect FDAX to bounce up to the top, GERMANY IS IN AN OFFICIAL RECESSION! I predicted it all year, and it happened yet somehow their market is at ATH which is crazy AF. One of the most absurd things I've ever seen on the stock market.
I'm expecting a gap up Tuesday for a pump and dump but there is absolutely no guarantee, FDAX really needs to head down further
Anyways, recession:
www.cnn.com
DAX: reached the 1D MA50 but can drop more if it breaksDAX has almost hit today the 1D MA50 (last time it had contact was March 29th) and reacted with a rebound. The 1D technicals are neutral (RSI = 45.355, MACD = 76.400, ADX = 25.34&) indicating that this is a first Support level but if we close a 1D candle under it, can drop more until they turn red.
Consequently, as long as the 1D MA50 holds, we will keep our first buy open, targeting the R1 (TP = 16,300). If a 1D candle closes under it, we will buy again on the 1D MA100, which is waiting on S2 and keep it for the long term even though a max technical drawdown extendes as low as -6.60%. Those where the % declines on the previous two corrective legs inside the Channel Up since December.
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
DAX Can decline more before finding a bottomDAX had an excellent run since our buy signal two months ago (March 21) but has since formed a top and is pulling back (see chart below):
The price is below the 4H MA50 (blue trend-line) and today is testing the 1D MA50 (red trend-line) for the first time since March 29. The 1D RSI is still neutral around the 50.00 mark, meaning that there is still more room left on this downside. The next technical Support is the 1D MA100 (green trend-line), which is on a significant Support cluster as it is just above the October 01 Higher Lows trend-line.
We expect a bottom to be made at 15500, it offers a solid R/R ration for buying and that is what we will go, targeting 16300 and the previous High, which was the first target of the late March rebound.
An addition signal to help with taking the best buy entry possible, can be the 1D RSI. A Double Bottom at least (especially as close to the 37.80 Support as possible) would be ideal.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
DAX primary trend still remains positive.GER40 - 24h expiry
Daily signals are bullish.
We are trading at overbought extremes.
Short-term momentum is bearish.
A lower correction is expected.
The 1-day moving average should provide support at 15980.
The sequence for trading is higher highs and lows.
We look to Buy at 15981 (stop at 15896)
Our profit targets will be 16191 and 16241
Resistance: 16090 / 16150 / 16230
Support: 16059 / 16000 / 15930
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.
DAX to find sellers at market?GER40 - 24h expiry
Price action continues to trade around the all-time highs.
Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A higher correction is expected.
A break of the recent low at 16190 should result in a further move lower.
We look to Sell a break of 16188 (stop at 16268)
Our profit targets will be 15988 and 15948
Resistance: 16270 / 16333 / 16400
Support: 16190 / 16140 / 16000
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.
Review of KEY DAILY LEVELS on major Indexes and CommoditiesMajor indexes continue to show resilience to inflation and rate rises as many have pushed up into new all time highs. Traders have been faced with many ups and downs making investing difficult and share positions constantly flow from gains to losses and back again.
We always need to focus and review the bigger picture timeframes to build into our overall trading plan or simply to gain a clearer perspective. So, as we wait for more news on the US debt ceiling, it is a good time to review our Daily charts to build that picture.
In the video below I will review my take on the key technical levels on major Indexes along with my major commodities.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
DAX to turnaround at all-time highs?GER40 - 24h expiry
Price action continues to trade around the all-time highs.
Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A higher correction is expected.
A break of the recent low at 16240 should result in a further move lower.
We look to Sell a break of 16238 (stop at 16328)
Our profit targets will be 16028 and 15978
Resistance: 16310 / 16333 / 16400
Support: 16270 / 16240 / 16200
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.
DAX Index: Potential Rise Amidst US Economy CollapseIn this analysis, we explore the potential for the DAX Index to experience a rise in the future due to the potential collapse of the US economy. We believe that the DAX Index has reached a key target at 15,901.47 and is poised to gradually move towards 22,031.79. This analysis examines the potential factors influencing this projected upward movement.
1. US Economy Collapse and Global Impact:
A potential collapse of the US economy could have significant global implications, including a potential shift in investment flows. As investors seek stability and alternative markets, the DAX Index could benefit from increased demand, potentially driving its value higher.
2. Key Target Achieved: 15,901.47:
Our analysis indicates that the DAX Index has reached a key target of 15,901.47. This level could serve as a strong support zone and may attract further buying interest. Traders should closely monitor price action around this level as it could provide insights into the market's future direction.
3. Gradual Rise Towards 22,031.79:
Based on our analysis, we anticipate a gradual rise in the DAX Index toward the target of 22,031.79. This projection takes into consideration potential shifts in investor sentiment and capital flows away from the US economy. However, it is important to note that market conditions are subject to change, and careful monitoring of price action and fundamental developments is essential.
4. Factors Driving Potential Rise:
Several factors contribute to the potential rise of the DAX Index amid a US economic collapse:
a. Economic Stability: The DAX Index is composed of major German companies, many of which have strong fundamentals and global reach. Germany's economic stability and resilience may attract investors seeking safe-haven assets during uncertain times.
b. Trade Relationships: Germany has strong trade relationships with various countries outside the US, allowing it to potentially benefit from diversification and increased demand for its exports.
c. Investor Confidence: A US economic collapse could lead to a loss of investor confidence in the US dollar. As investors search for alternative investment opportunities, the DAX Index could emerge as an attractive option, driving its value higher.
While the analysis presented suggests the potential for a rise in the DAX Index due to a US economy collapse, it is crucial to approach trading and investment decisions with caution. Market conditions are subject to change, and unforeseen events can significantly impact asset prices. Traders should conduct thorough research, consider risk management strategies, and closely monitor market developments to make informed decisions.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading involves risks, and traders should conduct their research and analysis before making any investment decisions.
DAX Testing its All Time High but upside may be limited!DAX had an excellent run since our previous buy signal on March 21 (see chart below) that hit its target yesterday:
The index is right now moments away from hitting the 16300 Resistance, which is the All Time High (ATH) of November 19 2021. The long-term pattern since the end of October 2022 has been a Channel Up and within it, three Megaphone patterns have guided the price to each Higher High before an eventual correction back towards its bottom. The symmetry is evident even on the +10.80% rallies that it has done three times.
The 1D RSI usually hits the 76.00 Resistance and then after a series of Lower Highs, we get the top confirmation to sell. Right now the RSI has just hit the 70.00 overbought barrier. In our opinion the upside is limited to around 16400 but as mentioned, we will only sell after we see Lower Highs forming. On the first Channel Up pull-back, it was the 1D MA50 (blue trend-line) that supported, on the second it was the 1D MA100 (green trend-line) and this time it should be lower. Our early projection is 15500.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
DAX to retest all-time highs?GER40 - 24h expiry
Price action continues to trade around the all-time highs.
16301 has been pivotal.
Short-term momentum is bullish.
We are trading at overbought extremes.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
We look to Sell at 16297 (stop at 16377)
Our profit targets will be 16097 and 16047
Resistance: 16250 / 16300 / 16400
Support: 16200 / 16140 / 16100
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.