GER3 30 H4| Bearish Divergence?Looking at the H4 chart, Price is approaching our sell entry at 15713.94, a swing high resistance level. If there is a reversal from this level, the price could drop to our take profit at 15480.74, which is a swing low support level.
If the price were to break above, it could rally to hit our stop loss at 15920.63 which aligns with the -27.2% Fibonacci expansion. However, it's important to note that bearish divergence is present, indicating that the bears may be preparing to take control once again.
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D-DAX
DAX H4 Looking To Failure Just Above 16KIn this update we review the recent price action in the #DAX futures contract and identify the next high probability trading opportunity and price objectives to target
DAX traded to the highest level in 62 weeks!GER40 - 24h expiry -
Daily signals are bullish.
Traded to the highest level in 62 weeks.
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 15683.
15791 has been pivotal.
A break of the recent high at 15791 should result in a further move higher.
We look to Buy a break of 15801 (stop at 15681)
Our profit targets will be 16101 and 16151
Resistance: 15791 / 15900 / 16000
Support: 15630 / 15600 / 15500
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.
11/04/2023 - $FDAX #DAXDAX is back after holidays, gap up after US went higher yesterday. Price is between the 1 and 2 SD BB. Looking for another spike for a good pullback. Looking for the short between 15812-15872 for a move to PZ. But if market goes to PZ/BZ first look for the bounce to target above instead.
DAX: Holding the 4H MA50. Accumulating for the next rally.DAX is trading on a Rising Wedge pattern inside a Channel Up, whose 4H RSI just hit the 1 month HL trendline. The 1D technicals remain bullish (RSI = 58.718, MACD = 105.900, ADX = 38.304) hence the long term trend upwards.
As long as the 4H MA50 holds, our target remains the top of the Rising Wedge (TP = 16,100).
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Ger30 ShortGer30 Short potential
Short it now
The GER30 daily chart is trading in its bullish channel between its upper blue and red bands. It RSI is trading above 50 (green rectangle). The longer it maintains on the bullish side of 50 the greater the probability of higher prices ahead.
The hourly chart shows a strong start to today's trade. The trend following EMAs and the momentum-based stochastic have turned up (black ellipses). If the stochastic makes its way to the 80+ levels (blue arrow) and holds it will denote a strong underlying bullish momentum is present.
DAX- hanging Man Breakt-out from falling wedge would be the trigger.
Together with hangig man as a strong sell signal will put the DAX down.
Expect 13100 as a first target.
Flyerdan
xDAX forecast 04/11/23
For the 11.04.23 we see the following trend reversal zones:
Up 3 15,674
Up 2 15,656
Up1 15,612
MoB 15,594
Down 1 15,584
Down 2 15,536
Down 3 15,518
5 days Trend barometer
The signal changes back from neutral to bearish again.
Technical Assessment
There is nothing more to add to the working theses published in the past few days. We continue to wait for the XETRA GAP close and the completion of the bearish pattern before we get back to the content of the technical chart analysis.
The fluctuation ratio of 1.228 signals a bullish bias in the 15,674.29 / 15,535.69 area.
We see the flipping point ( Sigma n1 ) at 15,715 or 15,480.
This means that from these zones onwards, self-reinforcing reactions UP and DOWN can occur.
Technical stops
UP DOWN
261.80% 15,978 15,162
200.00% 15,881 15,259
161.80% 15,822 15,318
138.20% 15,785 15,355
127.20% 15,768 15,372
100.00% 15,726 15,414
88.60% 15,708 15,432
76.40% 15,689 15,451
61.80% 15,666 15,474
50.00% 15,648 15,492
38.20% 15,629 15,511
23.60% 15,607 15,533
14.60% 15,593 5,547
MOB 15,570
Note
nothing has to be - everything can
A rolling, volume-based trend-following system is used to create this forecast, which was determined using mathematical-statistical methods and partially enriched with technical chart content
Forecasts are what they are: a look into the future, including the past, which can change dynamically, positively or negatively, from the time of publication
Will DAX continue to breakdown?GER40 - 24h expiry - We look to Sell a break of 15529 (stop at 15649)
We are trading at overbought extremes.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
The bearish engulfing candle on the daily chart is negative for sentiment. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 15479 should result in a further move lower.
We look for losses to be extended today.
A higher correction is expected.
Our profit targets will be 15229 and 15179
Resistance: 15660 / 15740 / 15800
Support: 15552 / 15500 / 15370
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 formed the 1st Golden Cross in 3 months.DAX completed a Golden Cross pattern on the (4h) time frame, the first such occurrence since January 10th.
The RSI (4h) has pulled back considerably, harmonizing the overbought conditions of last week.
Trading Plan:
1. Buy on the current market price and as long as it stays over the MA50 (4h).
Targets:
1. 16000 (+11.00% rise).
Tips:
1. RSI (4h) is copying the bullish leg of of December 16th-January19th. Some room to pullback more and off a new High.
Please like, follow and comment!!
Notes:
This is a continuation of this trading plan:
GER40 to breakdown at overbought extremes?GER40 - 24h expiry -
We are trading at overbought extremes.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 15551 should result in a further move lower.
We look for losses to be extended today.
A higher correction is expected.
We look to Sell a break of 15598 (stop at 15718)
Our profit targets will be 15298 and 15248
Resistance: 15660 / 15740 / 15800
Support: 15552 / 15500 / 15370
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 H1 Looking To Fade Above 16000IN this update we review the recent price action in the #DAX futures contract and identify the next high probability trading opportunities and price objectives to target
DAX 30: Double Top Pattern in short term?From a technical point of view, the $DAX30 index could form a Doublet Top Pattern on 15' chart.
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
DAX momentum has stalled at 2023 highs.GER40 - 24h expiry -
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
15708 has been pivotal.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look to Sell at 15699 (stop at 15819)
Our profit targets will be 15401 and 15341
Resistance: 15662 / 15708 / 15800
Support: 15550 / 15470 / 15350
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 Has Hit The Resistance! Sell!
Hello,Traders!
DAX went up sharply
And has hit a strong key
Resistance level of 15,640
From where a local
Pullback is to be expected
Towards the 15,420 target
Sell!
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DAX This wave still has room to riseDAX has gone a long way since our buy recommendation 2 weeks ago (see chart below). The technicals on the 1D time frame are firmly bullish (RSI = 60.575, MACD = 68.200, ADX = 31.986) and the RSI in particular is out of its Buy Zone and approaching the top of the Channel Down.
The index is trading inside a Channel Up for exactly 5 months and every bullish wave has so far been within 11.50% - 11.85%. If it rises by +11.50% again from the recent bottom, then we are looking at a target price around 16,130. Our TP is 16,000.
It is important to keep in mind the long term dynamics on DAX and what stands out in particular is how perfectly the 1D MA100 supported March's correction. In fact, DAX hasn't closed a 1D candle under the 1D MA100 since October 24th 2022.
Prior idea:
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DAX is bullish and going for a Higher HighDAX is trading inside a Channel Up and crossed today over both the 4hour MA200 and the Pivot Zone.
The 4hour MA50 is supporting (same with the RSI being on a Rising Support) and as long as it does, the Channel Up will be going for a Higher High.
Buy and target the 15700 Resistance but keep an eye for an RSI peak near 70.00.
Previous chart:
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DAX: Chartbook Reversal with Bouhmidi-BandsWe noticed a chartbook reversal short with Bouhmidi-Bands in DAX today. After Breaking the upper Bouhmidi-Band we created a short signal. With US opening we moved lower and started the reversal movement heading back and closing within Bouhmidi-Bands.
Elliott Wave Favors DAX Rally to FailCycle from 9.28.2022 low has ended as a 5 waves impulse at 15706.51. We labelled this rally as wave ((1)) as the 1 hour chart below shows. Wave ((2)) pullback is currently in progress to correct cycle from 9.28.2022 low. The decline from wave ((1)) peak on March 7, 2023 is unfolding as a double three Elliott Wave structure. Down from March 7, 2023 high, wave ((a)) ended at 14664.17 and rally in wave ((b)) ended at 15153.11. Final leg wave ((c)) lower ended at 14458.39 which completed wave W in higher degree. Wave X rally is now in progress to correct cycle from 3.7.2023 high with internal subdivision as a zigzag structure.
Up from wave W, wave ((a)) ended at 15298.49 and pullback in wave ((b)) ended at 14809.82. Wave ((c)) higher is in progress to retest wave ((1)) high at 15706.51 before the Index turns lower. A 100% Fibonacci extension of wave ((a)) comes at 15644.18 which is a possible target for wave ((c)) of X. Near term, as far as pivot at 15706.51 high stays intact, expect the rally to fail and the Index to resume lower again.
GER30 Sell LongSupport occurs where a downtrend is expected to pause due to a concentration of demand.
DAX to turnaround at trend line resistance?GER40 -
Our short term bias remains negative.
We are trading at overbought extremes.
Trend line resistance is located at 15350.
Short term momentum is bullish.
Prices expected to stall near trend line resistance.
24h expiry - We look to Sell at 15359 (stop at 15479)
Our profit targets will be 15059 and 15009
Resistance: 15200 / 15300 / 15400
Support: 15100 / 15000 / 14900
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.
FDAX UpdateIndicators are neutral, but it hasn't hit oversold yet so there's a possibility of a gap down Monday despite the bullishness in the US market today.
the US market probably wants to gap up but the Euros dictate the gap direction much like this morning. I am planning on carrying a relatively small long position over the weekend.
As I said earlier in my ES post, expecting a whipsaw finish today.
Kinda tempted to add some IWM (small cap index) to my retirement account, I think there will be a garbage stock short squeeze next week. I don't recommend investing directly into garbage like PTON or AFRM, lol. Bad news can tank an individual stock.
