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DAX Index

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
GER40 lack of interest is a concern for the bulls.GER40 - 24h expiry The lack of interest is a concern for bulls. Previous support at 15600 now becomes resistance. There is no clear indication that the downward move is coming to an end. Rallies should be capped by yesterday's high. Current prices have reacted from a low of 15327, however, we expect further losses to follow. We look to Sell at 15578 (stop at 15678) Our profit targets will be 15328 and 15268 Resistance: 15440 / 15500 / 15600 Support: 15327 / 15300 / 15200 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:DE30EURShort
by OANDA
DAX H4 | Rising into pullback resistanceThe DAX index (GER30) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 15565.59 which is a pullback resistance. Stop loss is at 15654.35 which is an overlap resistance that sits above the 50.0% Fibonacci retracement level. Take profit is at 15454.00 which is a recent swing-low support 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. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 74% 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. FXCM Australia 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
DAX Under the 1day MA200 after 11 months!DAX / DE40 crossed today under the 1day MA200 for the first time since November 10th 2022. In the meantime it also broke under the wide Channel Up pattern that was holding since the December 20th 2022 Low. This is a critical bearish break out signal and closing a 1day candle under the MA200, confirms the extension to a new Low. Support A is at 15455 (so far a Double Bottom), so it is better to wait for a sell until this level breaks. If it does, sell the first minor bounce and target 15050 (almost -6% from the recent top). Important note: The 1day MACD is also under a Sell Cross. Follow us, like the idea and leave a comment below!!
CAPITALCOM:DE40
by TheCryptagon
DAX Bullish as long as the 1D MA200 holds.DAX (DE40) has been neutral on the 1D time-frame, trading sideways within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) since August 03. We can see two clear Support and Resistance Zones. Today the price is approaching once more the 1D MA200, following yesterday's Fed Rate Decision, so it is a buy opportunity again. Target the bottom of the Resistance Zone at 16000. Apart from that, the Fibonacci retracement levels since the July 31 High, make solid Supports and Resistances, with the 0.5 Fib currently being one. ------------------------------------------------------------------------------- ** 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
6
DAX - Watch this mark!Hi Traders, for the German Index DAX we clearly see a very important zone: 15.450 There are 2 possible Scenarios. Scenario 1: He market accepts the support zone and we see a reversal. Then we can trade a pullback to 16.000. Scenario 2: The Support will break. Then we expect sharp movement to 15.000 - following a pullback to the former support (which will then become resistance). Next bigger support is for this case at 14.500 Right now the decision is open and we should also cleary watch the FED interest rate decision and conference tomorrow as German market often follows US indicies. Wish you all great trades! Team tegasFX
CAPITALCOM:DE40
by tegasFX