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DAX Index

DAX to see a powerful correction to the upside?GER40 - 24h expiry Bullish divergence is expected to support prices. The bullish engulfing candle on the 4 hour chart the positive for sentiment. We are trading at oversold extremes. A higher correction is expected. The bias is to break to the upside. A break of the recent high at 17565 should result in a further move higher. We look to Buy a break of 17585 (stop at 17425) Our profit targets will be 17985 and 18185 Resistance: 17565 / 17700 / 17900 Support: 17400 / 17250 / 17021 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
07.08.2024 - GBE Marktcheck - DAX, S&P 500, Nvidia, Silber Herzlich Willkommen zu einem neuen GBE Marktcheck mit dem langjährigen Trading- und Charttechnik Experten John Gossen. In diesem Video werden folgende Basiswerte anhand der aktuellen charttechnischen Situation besprochen und unter anderem potenzielle Trading-Strategien aufgezeigt: - DAX Erholung Richtung 17.700 Punkte? - S&P 500 deutlich überverkauft! - Nvidia zieht an! - Silber mit Long Chance? Wir wünschen Ihnen einen erfolgreichen Handelstag! Disclaimer: CFDs sind komplexe Instrumente und bergen ein hohes Risiko, Gelder schnell durch Hebelwirkung zu verlieren. 78.68% der Privatanleger-Konten verlieren Gelder, wenn Sie CFDs mit diesem Anbieter handeln. Sie sollten überlegen, ob Sie verstehen, wie CFDs funktionieren und ob Sie es sich leisten können, das Risiko einzugehen, Ihr Geld zu verlieren.
XETR:DAX
by GBEbrokers
2024-08-06 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Neutral between 17300 and 17650. Market is trying to find a bottom in a big trading range. As long as market stays below 17900, it’s max bearish. I expect a slow grind to retest the lows over the next 1-2 days and those lows will most likely hold so we can move much more sideways. current market cycle: bear trend key levels: 17100 - 17800 bull case: Bulls got their pullback but only printed an inside bar on the daily chart, which is weak. Their only goal is to get above 17900 and break above the July low and close as much of the gap to 18150 as possible. First target is 17700 and then the Globex high from Monday at 17732. Invalidation is below 17000. bear case: Bears kept the bounce below the 4h 20ema and below the Globex high from Monday. They want this bear flag to be shallow and mostly sideways before another strong leg down. A measured move down would bring us to 15600 but for that to happen in 2024, we would ne an event or nothing but annihilation of earnings next quarter. My head & shoulders target from 3 or 4 weeks ago was missed by less than 100 points on Monday, I consider this to be close enough. Invalidation is above 17900. short term: full bear mode. Target was 17844 and we got 17110. Play the bear flag for now but the lows will be retested. More sideways movement over the next days or weeks. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. Update: 17110 was hit and my bear targets are done for now. We need to form a proper channel and move much more sideways to up before we will get the second big leg down. Measured move target is 15600 but as of now, I can’t see this being hit in 2024, without an event. current swing trade: Closed all shorts for 800+ points. Currently not interested in anything but intraday scalps. trade of the day: Shorting the Globex high double top 17650 after the second big bear bar. That was good for 170 points which was a bit lower than the gap to y close.
EUREX:FDXSU2024Short
by priceactiontds
Faith in the wave principleThis serves as a reminder to adhere to the wave principle discovered by Ralph Nelson Elliott. I'm sharing this photo as it's the only documentation of the diagnosis before the development of this analytical idea. It's essential to pay attention to signs that confirm an idea when sharing it with friends, such as the invalidation of the analysis, the passing of the price of the aggressive and conservative idea, as well as the formation of each correction and action pattern. This is a detail I want to emphasize because I don't want anyone to experience the psychological suffering of losing capital. I wish everyone success and recovery in the field of analysis and trading. I am nobody, which is why I chose the nickname Mr. Nobody.
OANDA:DE30EUREducation
by mehdi47abbasi79
The idea of extending the DAX bull marketGreetings The recent discussion regarding the Dax Market presented a single potential scenario, exploring a specific structural formation. It is important to note that my analysis stems from a background in technical analysis, and my initial viewpoint was based on the observed structure. However, it is crucial to emphasize that I do not lay claim to expertise in market analysis, though I do hold a strong belief in the wave principle, substantiated by my observations and experiences. Presently, I present a more assertive notion. My assessment indicates the emergence of a 4th wave pattern resembling a double zigzag pattern. The confirmation for trading lies in the conservative breach of the wave X price of this pattern. I recommend considering the price action in conjunction with the formation of the impulse pattern, as well as the development of any corrective pattern. This strategy aligns with a bullish market trend. Wishing you success in your endeavors.
OANDA:DE30EUR
by mehdi47abbasi79
2
German DAX - More Downside Potential From Here?Germany's DAX index has broken down definitively from its 4-month symmetrical triangle pattern, hinting at a potential "measured move" decline toward the mid-16,000s next. So far, the index has dropped sharply over the last 3 days to hit the 38.2% Fibonacci retracement of the rally off the November low near 17,250. A near-term bounce off this support level wouldn't be surprising, but as it stands, the index may have more near-term potential for downside from here. -MW
FOREXCOM:GER40
by FOREXcom
2024-08-01 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Yesterday I was neutral until one side clearly gains control again and boi did the bears deliver today. 600 point drop from Wednesday high and a close below 18200. This is the biggest bear bar for many months and will be part of W1/leg1 of the new bear trend. We will most likely make new lows below 17800 next week. We have a nice looking bear channel that leads to the July low, from where we can expect the W2/two legged correction to form a broader channel which we can grind down to at least 17000 over the next weeks. If bulls somehow manage to break above 18400 again, I am wrong and we continue inside the trading range which we have been in for 5 months now. current market cycle: trading range (big triangle on the daily chart) / probably the new bear trend has started today. key levels: 17800 - 18400 bull case: Yesterday I wrote that bulls could not get a single close above 18600 and market can test one direction/price only so much before it tries the opposite. Bulls gave up today and now we test the lows. The best bulls can hope for is to keep it above 17800 and continue inside the trading range. Given that we just had many earnings releases and the negative GDP print, I absolutely favor the bears. Invalidation is below 17800. bear case: Bears closed below the recent 33 bars and demonstrated strength. This selling will most likely get another leg down but now the primary goal for the bears is to keep any pullback shallow and preferably below 18300 to create two big bear gaps. Bear gap #2 will get smaller tomorrow but it should stay open, otherwise bears might fumble it again. Invalidation is above 18300. short term: full bear mode for 17844 or lower. There I expect a pullback to form a broader channel we will grind down over the next months. Buckle up. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Had shorts from 18700 and added 18900. Took most off today and leaving a runner for 17844. trade of the day: Short since bar 7, no ifs or buts. Bar closed below the previous 35 bars and at it’s low. Perfect signal and entry bar.
EUREX:FDXSU2024Short
by priceactiontds
2024-07-31 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: July is behind us, so let’s take a look at the daily chart since the weekly and monthly do not help in any way, analysing this. For dax it’s easy today because we absolutely have no Idea when it wants to go where, since my calculated 50% of this range is 18520 and market closed July at 18608. Absolutely neutral. We know for sure that the recent bull trend is over and we are in a trading range. We are in the middle of the triangle on the daily chart and you have to play the range until it’s clearly broken. Does the weekly or monthly chart tell us anything different? Absolutely not. The daily 20ema is completely flat and we just have to wait for one side to gain control and make new highs or new lows. Bullish above 18800 and bearish below 18100. Going into August I do expect more volatility and even if Bulls get another ath, odds are great that we will make new lows below 17800 over the next 2 months. current market cycle: trading range (big triangle on the daily chart) key levels: 18200 - 18700 bull case: Bulls made lower highs this week but could not get one close above 18600. They are weak as the bears and that is why we are mostly moving sideways. Bulls tried enough to get above 18700 by now and I do think they will give up tomorrow/Friday and we test 18300 or lower again. They would need a strong move above 18800 for higher prices. Invalidation is below 18400. bear case: Bears are weak too but at least they mostly keep it below 18600. They need to start producing lower lows again and test back to 18300. I do think odds favor the bears over the next weeks for lower lows but as of now, market is in absolute balance. First target for the bears tomorrow is a 1h close below 18500. Invalidation is above 18700. short term: neutral. Bullish above 18700 and bearish below 18500. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. Update: 400 points in profit, will take most off around 18000-18100 and see where Market wants to go. —unchanged
EUREX:FDXSU2024
by priceactiontds
DAX H1 | Falling to pullback supportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 18,463.01 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 18,360.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 18,633.73 which is a swing-high resistance that aligns with the 127.2% Fibonacci extension level. 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. 68% 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. 73% 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:GER30Long
by FXCM
2
2024-07-30 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Down, up, down up. Today was up where open was almost the exact low of the day. Market stalled around 18550 and it’s critical for the bears that it stays a lower high below 18650. Bears need to break the bull trend line for lower prices. Shorting above 18550 and buying 18500 was king today. Can not be anything but neutral going into tomorrow. current market cycle: trading range (big triangle on the daily chart) key levels: 18200 - 18700 bull case: Bulls made around 100 points from eu open to close. Looks more like a leg in a trading range than strong buying. Bulls want a higher high above 18657 but I highly doubt that they get it. Market is in breakout mode. Watch the triangle on the daily chart. There are 2 potential bear trend lines above which can act as magnets. 18600 and 18660ish. I do think that if bulls can break above 18660 again, they can test the bear trend line from the ath around 18800. Invalidation is below 18480. bear case: Bears tried to keep it below 18500 but bulls poked enough that they stepped aside and shorted above 18550 again. Bears need to keep this a lower high or risk a breakout out of this triangle. Their first target is a break below the bull trend line below 18480. Invalidation is above 18560. short term: neutral. Bullish above 18600 and bearish below 18480. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. Update: 400 points in profit, will take most off around 18000-18100 and see where Market wants to go. —unchanged trade of the day: Long since EU open or shorting above 18550 and buying 18500. Clear support and resistance today but tbh, not a fun day to trade this.
EUREX:FDXSU2024
by priceactiontds
Conservative idea for SamGreetings, Dear friends, I hope you are well and have a week full of successful and profitable transactions. My analytical view: What is more likely is that the structure and micro-degree of the waves in the first and third waves indicate that there is one wave degree left to complete the impulse pattern. As for the fourth wave pattern that has happened so far, it is a double zigzag pattern, and it is also a diagonal pattern, which is also an extended zigzag correction. It is expected that after crossing the price of wave B, the mentioned zigzag pattern will witness price action. Breaking out of the correction channel shows a stronger confirmation of the completion of the fifth wave. However, I also consider the possibility that the fifth wave has completed to a greater degree than the third wave and is currently completing a fourth wave to a greater degree. Another zigzag pattern may occur, and we will see a sideways correction pattern in the future. Short-term bearishness for the multiple zigzag pattern is also expected; however, the bullish market will continue to complete an impulse pattern on a larger daily basis. Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me. Thank you for taking the time to review my analysis. First of all, I wish good health and success to all my dear friends and colleagues. Mr. Nobody
TVC:DEU40Long
by mehdi47abbasi79
2
2024-07-29 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Decent selling by the bears today. I expect follow through tomorrow but mostly sideways markets going into US close tomorrow. Earnings is a gamble imo and I don’t do that. I’m playing the bear channel and will be flat once market stalls. current market cycle: trading range key levels: 18200 - 18700 bull case: Bulls also bought new lows here and scalped. They bounced at the 50% pb from last week and now they want to go mostly sideways to break out of the bear channel. I don’t think they want to die on that hill. They had a decent pullback last week and know that bears want at least 18300 again. Invalidation is below 18200. bear case: Bears did ok today but closed barely below Friday’s close. They want to continue the channel down to 18300 but I don’t think many traders want to have big positions going into tomorrow’s US close given the earnings releases. Play the channel until it breaks. Invalidation is above 18560. short term: Bearish as long as the bear channel holds. 1. Target below is 18300 medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. Update: 400 points in profit, will take most off around 18000-18100 and see where Market wants to go. —unchanged trade of the day: Trading range from Globex until US opened. Best trades were shorts from EU open bar 28 for gap close and can exit bar 37. Next best short was bar 52, follow through selling after a two legged pullback right below the 15m 20ema.
EUREX:FDXSU2024Short
by priceactiontds
#202431 - priceactiontds - weekly update - dax futuresGood Evening and I hope you are well. Quote from last week: bull case: Bulls and bears alike knew the recent high at 18900 was a bad buy and they tried to save their bull case on Tuesday but once Wednesday came around and 18700ish was resistance the third time, they gave and we only produced lower highs since. Best bulls can hope for now is to keep it above 18000 and bounce at the weekly 20ema which is exactly right under Friday’s close and that the bull trend line from April will hold. Market expects a pullback and bulls want it to go above 18600, which increases the odds of this being a continuation of the triangle, rather than a new bear trend. comment: Bulls got to 18774, which was way too high for it being a pullback in a bear trend. Market is in a descending triangle where the support is 18200ish. Since we are in the middle of it, worst place to trade. Both sides have reasonable arguments for Monday but this pattern will break next week to one side or the other. Given the many upcoming earnings, I won’t predict them, nor gamble on a trade before market is showing the direction. current market cycle: trading range - go look at the monthly chart. It’s a clear 5 month trading range. —update: 5 months now instead of 4. Will break soon. key levels: small range 18000 / 18900 bull case: Bulls had a two legged pullback which got higher than the bears would have liked, which increased the odds of a continuation of the trading range. No side is strong enough to keep the market above or below the daily 20ema, so we are neutral af. You don’t need to analyse it further. Save your mental capacity on other markets and wait for a clear breakout. Invalidation is below 18147. bear case: Bears lost control on Tuesday where they allowed the market to go 200 points above the daily 20ema. They got a strong reversal from above 18700 down to 18200 but there they took profits again and the range continues. 18500 is a bad spot for everyone. Maybe strong bears will respect the minor trend line we formed and trade back down from here to retest the lows but that’s a weak argument at best. The other bear trend line around 18400 is a more reasonable expectation. If we get there, I expect bears to show strength again, just as bulls will probably buy 18200 again. Below 18200 comes 18000 and 17840 in play. Invalidation is above 18785. outlook last week: short term: Full bear mode. Will try to catch the bounces as good as one can but the big money will be made to the downside over the next months. Short term we will see a bounce that should stay below 18500/18600 and from there I expect another big leg down to 17800. → Last Sunday we traded 18298 and now we are at 18535. High of the week was 18774 and the low was 18200. Said we get a bounce to 18500/18600 and the high was 18774. Almost perfect outlook since the downside was not as deep but we will get there in the next days/weeks. short term: Neutral. Can see this going both ways and I don’t gamble. No bigger interest in buying this but rather waiting for weakness above 18600 to short again. medium-long term: Time to update this section. I called for 17000 for couple of months now and I said, any short around or above 19000 is amazing. The highs held and now we will see how low we can get in 2024. 17100 is still my first bigger target and should be reached in 2024. At this point it does not make sense to call lower targets. —unchanged since 2024-07 current swing trade: Took some profits on my shorts at 18300 and would add above 18600 again. Chart update: Added minor bear trend lines and adjusted the lower bull trend line but I don’t think market is respecting it that much. Support around 18200 and a descending triangle is more likely.
EUREX:FDXSU2024
by priceactiontds
2024-07-24 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Big down, big up, big confusion. Market closed 60 points above where it opened but still a bear day. Since we broke below the shallow bull trend line on the daily chart, this is no longer a triangle and bears increased their chances of making new lows below 17844 over the next days. current market cycle: trading range key levels: 18200 - 18700 bull case: Bulls bought the new lows and rallied for 270 points. Tells you that bears are fine with taking profits at new lows and bulls still in btfd mode. Bulls want a second leg up, like they did on Monday & Tuesday. Measured move up would bring us exactly to the high of the week 18774. Invalidation is below 18200. bear case: Bears need to trap bulls buying the dip there under 18500 or they risk another high above 18700. Since bears closed the us session below the 1h 20ema, I give the better odds to the bears for follow through selling below 18200. A weekly close below 18000 would be amazing for the bears. Invalidation is above 18500. short term: Neutral until I see follow through selling below 18350. Both sides have reasonable arguments and the market was two sided all week, with big swings in both directions. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. Update: 400 points in profit, will take most off around 18000-18100 and see where Market wants to go. trade of the day: Tricky day again. The bing selling began 3 a.m. CET so long before EU opened. I joined the bears at around 7 a.m. and caught a 80 point ripper down. There was no bullish price action and just selling going on. Then came the hard part below 18300. It was obvious market was trying to bottom and to exit shorts but taking the long was hard. You have to be really mentally flexible to take the other side after such a strong move. Trade of the day was the long bar 13. Bar 9 was strong enough but bar 10 did not trade above it. Bar 11 + 12 were good signal bars and 13 was the follow through. That was good for 200 points. I missed it.
EUREX:FDXSU2024
by priceactiontds
DAX H1 | Potential bearish breakoutDAX (GER30) is falling towards a potential breakout level and could drop lower from here. Sell entry is at 18,175.94 which is a potential breakout level. Stop loss is at 18,300.00 which is a level that sits above a pullback resistance. Take profit is at 18,036.36 which is a swing-low support that aligns close to a confluence of Fibonacci levels i.e. the 100.0% projection and the 127.2% extension levels. 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. 68% 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. 73% 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
1
DAX to find buyers at market?GER40 - 24h expiry A Morning Doji Star formation has been posted at the low. A Doji style candle has been posted from the base. The primary trend remains bullish. Daily signals are bullish. Yesterday's Marabuzo is located at 18415. We look to buy dips. We look to Buy at 18415 (stop at 18315) Our profit targets will be 18665 and 18725 Resistance: 18509 / 18600 / 18700 Support: 18430 / 18350 / 18220 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
2024-07-23 - priceactiontds - daily update - daxGood Evening and I hope you are well. overall market comment Indexes moved mostly sideways and that’s good for the bears. Even decent or in line earnings could not take this rally further, instead we sold off into the close and broke the minor bull trend lines. For tomorrow I expect more downside price action to test the lows. Commodities - Gold moved sideways inside the same range since Friday after the sell off. Market is trying to bottom but I don’t think bears are done. Wait for the next big breakout. Oil - Watching Oil on lower tf is atrocious and be smarter than me. Clear down trend. Lower lows and lower highs. Got 2 decent bear channels downwards and right now the 1h 20ema is decent to short against. Any pullback should now stay below 80. Bitcoin - First decent selling on the daily since last Wednesday. Bull trend line is broken but it was way too steep anyway. Bears need prices below 65000 to have a chance for more downside. If bulls buy the dip again, probably moon again to 700000+. dax futures comment: 18600 would need a huge reversal day tomorrow and get below 18400 for a chance of more downside over the next days. Bulls made it clear that this is the big triangle playing out first and not a new bear trend. My bearish thesis still holds as long as we stay below 18900. Just means we probably go sideways for longer. I expect tomorrow will be a big red bar on the daily chart. Close below 18450 would be good. current market cycle: trading range key levels: 18300 - 18900 bull case: Follow through buying by the bulls and they continued to stay above the 1h 20ema. Minor bull trend line also holding, so no reason to stop buying every dip. They now had 2 pushed up and a third one could get us to the big bear trend line from the ath. That’s the target for the bulls for tomorrow. Invalidation is below 18560. bear case: Bears need stronger consecutive bear bars below the 1h ema, for lower prices. Right now the best they can hope for is to stop the advance and maybe stay between 18600 - 18700. If they would be manage to generate strong selling below 18600, we can talk bear again. Bad stuff to trade currently. Trending trading range upwards. Invalidation is above 18900. short term: Yesterday I was neutral and will stay that way. Can see it go both ways again. Minor bull trend line needs to break and market has to trade strongly below 1h 20ema for this to turn bearish. Above 18700, odds favor bulls for 18770 or higher again. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. —unchanged trade of the day: Tough. Any buy around 1h 20ema was good. Bulls made a 100+ ripper but bears quickly sold it, so you had to take profits and keep tighter stops.
EUREX:FDXSU2024Short
by priceactiontds
2024-07-22 - priceactiontds - daily update - daxGood Evening and I hope you are well. overall market comment Indexes pulled back as expected and laid out in my weekly post yesterday. Although a bit stronger and faster than I expected. Dax for example already reached it’s 50% pullback to the tick and bears want this to be the high and reverse hard from here. Commodities - Gold is also trying to find a bottom after the big rejection. Doji on the day so no deeper analysis needed. Set alarms when market breaks above or below today’s range. Oil bears tried the follow through selling but bulls actually closed the day above the minor bear trend line support again. So bears are not as strong as they could be. Still lower lows and lower highs. Bitcoin - BTFD in full force, Doji on the daily. No deeper analysis, bulls are in control, please read my weekly post. dax futures comment: 18600 is my line in the sand for bears. If they keep it below, odds are good, that we are in a bigger down move. If bulls continue up, it’s a triangle on the daily chart and we can expect more sideways movement. current market cycle: trading range key levels: 18300 - 18700 bull case: Good bounce by the bulls today and they closed at the highs. They expect follow through buying tomorrow and if they can a 1h close above 18600, many bears will give up on a new bear trend and stronger selling. Market did not have a candle close below the 15m 20ema today. Find those ema early in the day and grind them up or down. Invalidation is below 18500. bear case: Bears stopped the market at the absolute last point to keep the sell off thesis alive. 50% pb was hit to the tick. They need a strong overnight reversal or early in EU session. So probably more upside above 18620 and down again below 18500. Invalidation is above 18620ish. short term: Full bear mode to hell. Shorter shorty term is neutral as stated above. Bullish scalping above 18620 and full bear below 18500 again. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. —unchanged trade of the day: Long bar 32. Strong breakout of prev range and market never looked back.
EUREX:FDXSU2024
by priceactiontds
#202430 - priceactiontds - weekly update - dax futuresGood Evening and I hope you are well. Quote from last week: bear case: Bears are at the exact same spot as last Sunday but just a tat higher. They want a big reversal again at multiple resistance above 18800. They also see all the rejections from the past months at this level and shorting here has been very profitable. They also know it’s a bad buy for the bulls up here. Odds clearly favor them to trade back to at least 18600 but we will probably see 18500 early next week. comment: Bears took complete control of the market after the lower high 18927 which formed a perfect head & shoulders pattern. The Measured move down is around 17000 and I expect that price to be hit in 2024. Last bull trend line before the big one from 2020 & 2022 and I expect it to be broken over the next 1-3 weeks. The upcoming pullback is the most important part now because the height will determine the strength of the next bear leg and if this a new bear trend or not. If bulls get above18600 again, there is a decent chance we are still inside a big trading range. If bears keep it below the daily 20ema, we will most likely form a proper channel we can grind down over the next months. current market cycle: trading range - go look at the monthly chart. It’s a clear 4 month trading range. —unchanged key levels: small range 18000 / 18900 bull case: Bulls and bears alike knew the recent high at 18900 was a bad buy and they tried to save their bull case on Tuesday but once Wednesday came around and 18700ish was resistance the third time, they gave and we only produced lower highs since. Best bulls can hope for now is to keep it above 18000 and bounce at the weekly 20ema which is exactly right under Friday’s close and that the bull trend line from April will hold. Market expects a pullback and bulls want it to go above 18600, which increases the odds of this being a continuation of the triangle, rather than a new bear trend. Invalidation is below 18147. bear case: Bears are in full control and want a lower low below 18148 to break the bull trend line. The recent selling was strong enough for a second leg but I think a pullback is expected after Opex. Also very strong selling on much greater volume. Any pullback should stay below 18600. Invalidation is above 18650/18700, but that is pure guesswork. Need to see a bounce first. In general, if a pullback goes beyond the 50% mark, it’s hard to argue for a strong bear trend. outlook last week: short term: Bearish at least to 18500. It’s 50/50 if bulls can do a higher high or will only print lower highs from here. Looking for early weakness and then at 18500 absolutely neutral and let the market decide where it wants to go next. Any bad Dax earnings next week will probably flush it below 18500 again. → Last Sunday we traded 18857 and now we are at 18298. High of the week was 18889 and the low was 18274. Gave you 18500 and you got 18274. That’s 585 points from last Friday’s close. Hope you made some. short term: Full bear mode. Will try to catch the bounces as good as one can but the big money will be made to the downside over the next months. Short term we will see a bounce that should stay below 18500/18600 and from there I expect another big leg down to 17800. medium-long term: Time to update this section. I called for 17000 for couple of months now and I said, any short around or above 19000 is amazing. The highs held and now we will see how low we can get in 2024. 17100 is still my first bigger target and should be reached in 2024. At this point it does not make sense to call lower targets. current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. Update: Will post also some profit taking and adding to the position again. On Monday I plan to look for strength and take about half off and to add again around 18500 or higher. Chart update: Be reminded, that I switched from dax cfd to dax futures. Removed all the bullish lines except the two main trend lines. On from April and the one from 2020. Put text on the shs pattern and added a fat bear trend line from ath to the recent lower high because that’s the triangle we are currently in and about to find out of the bottom will hold.
EUREX:FDXSU2024
by priceactiontds