DAX Elliott Wave Analysis for Tuesday 08/08/2023We are looking at two scenarios for the DAX now. In the bullish scenario, there might be an opportunity to go long. In the bearish scenario, there might be an opportunity to go short.
DAX Index
DAX Elliott Wave Analysis for Monday 07/08/2023We are looking at two scenarios for the DAX now. In the bullish scenario, we see an opportunity to go long. In the bearish scenario, there is an opportunity to go short.
DAX Rising Support! Buy!
Hello,Traders!
DAX is making a rebound
From the rising support
So as the index is in the
Uptrend I think that we
Will see further growth
Buy!
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DAX Elliott Wave Analysis Higher Timeframe (06/08/2023)In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe.
DAX BOUNCE LONGDAX is trading in an uptrend and the bullish bias is confirmed by the rebound we are seeing after the pair retested the rising support so I think the growth will continue
✅DAX WILL GO UP|LONG🚀
✅DAX is trading in an uptrend
And the bullish bias is confirmed
By the rebound we are seeing
After the pair retested the rising support
So I think the growth will continue
LONG🚀
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GERMAN40 - DAX - BEARISH SCENARIOChina's Caixin Services PMI rose to 54.1 in July, beating the forecast of 52.5. The European private sector, particularly service sector PMIs from Spain and Italy, along with Eurozone data, will be closely watched. A weaker Eurozone services PMI (51.1 in July) could raise recessionary concerns. In the US, initial jobless claims and ISM Non-Manufacturing PMI are key, with forecasts at 53.0. Other stats include Markit service PMI, nonfarm productivity, unit labor costs, and factory orders. Dax indicates for a slight pull back to 15,000 cross support line.
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DAX Elliott Wave Analysis for Thursday 03/08/2023We are waiting for the end of a WXY correction before going long again.
Will DAX's selloff stall at market prices?GER40 - 24h expiry
The primary trend remains bullish.
We look to buy dips.
We are trading at oversold extremes.
50 1-day EMA is at 16050.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We look to Buy at 16051 (stop at 15951)
Our profit targets will be 16301 and 16351
Resistance: 16150 / 16250 / 16300
Support: 16109 / 16000 / 15900
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 alert = going to 19000weekly chart and Fino 161% show 19000 is target (long term) so be careful from sell
good luck
DAX: Bullish above the 1D MA50.DAX is pulling back today after a rejection on R1 (16,530), the biggest 1D red candle since July 6th. The 1D technicals are bullish (MACD = 102.900, ADX = 31.239) but the RSI close to becoming neutral (RSI = 55.835), which indicates the slow pace of this uptrend. The 1D MA50 made an emphatic hold four days ago, so as long as it holds we expect the index to continue reproducing the February-May fractal. Our final target is again on the HH trendline (TP = 16,650).
Prior idea:
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Dax Short Term Sell IdeaH4 - Price is bouncing lower from a key resistance zone.
Expecting short term bearish moves to happen here.
H1 - Bearish divergence.
Most recent uptrend line breakout.
Until the key resistance zone holds I expect the price to move lower further in the short term.
DAX Elliott Wave Analysis for Tuesday 01/08/2023We wait for more data to initiate a trade. Firstly, we are waiting for a clear ABC pullback before going long. Secondly, we are waiting for the wave 3 area in the 4h to go short.
Scallop on DAX with new upside target to 18,792From the previous trade analysis on DAX, it hit our target of 16,333.
This was due to a Falling Wedge along with a Reverse Cup and Handle pattern.
Since then, the price has moved into a consolidation period where the price was fighting between the bulls and bears.
And guess who is winning? The bulls again.
There has been a smaller pattern form called a Rounding Bottom or a Scallop formation.
Now that the price has broken above the neckline, means we can expect upside to come to the next target.
Other indicators confirm upside momentum including:
7>21>200
RSI>50
My next target will be up to 18,792
DAX Elliott Wave Analysis for Monday 31/07/2023We wait for more data to initiate a trade. Firstly, we are waiting for a clear ABC pullback before going long. Secondly, we are waiting for the wave 3 area in the 4h to go short.
✅DAX BULLISH SETUP|LONG🚀
✅DAX is trading in an
Uptrend and the index
Broke the key horizontal
Level of 16,385 and the
Breakout is confirmed
So it is likely for the price
To go higher up
LONG🚀
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DAX Is Bullish! Long!
Take a look at our analysis for DAX.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 16467.15.
The above observations make me that the market will inevitably achieve 16798.68 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Trading week recap for NASDAQ, DOW, DAX & FTSE (29/07/2023)Let's look back at the past trading week and learn from it. What went well? What could be better?
This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know.
DAX Elliott Wave Analysis Higher Timeframe (29/07/2023)In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe. We see opportunities for both short and long trades next week.
DAX Will Keep Growing! Buy!
Hello,Traders!
DAX broke the key horizontal
Level of 16,330 and the
Breakout is confirmed
Which combined with the
Fact that the index is in
The uptrend makes us
Bullish biased so we
Will be expecting a
Bullish move up
Buy!
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Check out other forecasts below too!
DAX to reach a new all time high today?GER40 - Intraday
Price action resulted in a new all-time high at 16450.
There is no indication that the rally is coming to an end.
Short term momentum is bullish.
We look for gains to be extended today.
A break of yesterdays high would confirm bullish momentum.
We look to Buy a break of 16461 (stop at 16361)
Our profit targets will be 16711 and 16781
Resistance: 16450 / 16600 / 16700
Support: 16330 / 16250 / 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 Elliott Wave Analysis for Friday 28/07/2023We finally got some data that allows a better interpretation. In the 15m, there is a potential long trade for today but the upside is limited as it concerns the fifth wave.
DAX Elliott Wave Analysis for Thursday 27/07/2023Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
