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DAX Index

DAX: Rebound expected to test the 1D MA50.DAX is trading inside a Channel Down since July 31st and lately has been on the decline after a rejection on the 1D MA50. Naturally, its 1D technical outlook is bearish (RSI = 38.140, MACD = -103.800, ADX = 23.717) but also low enough to justify a short term rebound. We expect one last 1D MA50 that will decide the long term trend and based on the previous -6.50% pre-bearish leg, this should be on the 0.786 Fibonacci level. That is marginally under the top of the Channel Down and that is our target (TP = 15,450). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
1
GER40 Analysis 13Oct2023In my opinion, GER40 presents a slightly different perspective. If you observe the movement of the wave, you will notice a curve that is currently supporting it. Usually, when such a curve forms, the price tends to follow the same movement. Therefore, I believe that in the medium term, the price is likely to remain bearish. Furthermore, if you look at the current situation, it is possible that we are in the bearish channel, which would mean that the price will continue to follow this downward trend.
PEPPERSTONE:GER40
by Hokusai_FX
DAX Short term sell signal on the MA200 (4h).DAX got rejected on the MA200 (4h) and is pulling back. This is heavy pressure as it took place near the top of the 2 month Channel Down. Trading Plan: 1. Sell on the first green (4h) candle. 2. Buy if Resistance (1) breaks. Targets: 1. 15230 (Rising Support and -2.20% decline like the September 5th pull back). 2. 16000 (Resistance 2). Tips: 1. The MACD (4h) just formed a Sell Cross. This amplifies the short term selling momentum. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:DE40
by TradingBrokersView
1
DAX is topping short term. Fast profit opportunity.DAX trade excatly as expected last time (chart at the bottom) making a new Low in the established Channel Down. The price reached the 0.5 Fibonnaci level today, a reading which formed the August 31st Lower High on the other -6.50% bearish leg. Sell now and target 15150 (Rising Support) but close if it reaches first the 1day MA50 as the MACD Buy Cross can completely reverse it long term. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:DE40Short
by TheCryptagon
9
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.
EIGHTCAP:GER30Short
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