GER30 H4 | Potential bearish reversal?GER30 is close to a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 16007.70
Why we like it:
There is an overlap resistance at the recent swing-high
Stop Loss: 16109.20
Why we like it:
There is an overlap resistance that aligns with the 127.20% Fibonacci extension
Take Profit: 15707.45
Why we like it:
There is an overlap support that aligns with the 78.6% Fibonacci retracement
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DAX Index
DAX Elliott Wave Analysis for Monday 15/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we probably still go up in the lower timeframe. We discuss several scenarios that could play out. For today, we see two ways to enter a trade.
DAX Elliott Wave Analysis for Sunday 14/05/2023A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse with divergence in both the daily and 4h timeframe.
DAX Elliott Wave Analysis for Friday 12/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we can still go up in the lower timeframe. We discuss several scenarios that could play out. For today, we see one way to enter a trade.
DAX Elliott Wave Analysis for Thursday 11/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we probably still go up in the lower timeframe. We discuss several scenarios that could play out. We see two potential ways to enter a trade.
FDAX UpdateIndicators are neutral but Europe is acting a little bearish, especially since they've been pumping everything until now, lol.
Don't recommend holding a long position tonight
DAX Elliott Wave Analysis for Wednesday 10/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we probably still go up in the lower timeframe. We discuss several scenarios that could play out. We see two potential ways to enter a trade. Inflation data is released today, only trade at the extremes.
DAX Megaphone still intact. Breakout and scalping options.DAX is trading in a Megaphone, currently supported by the MA50 (4h).
Scalping is recommended inside this pattern and breakout trading outside it.
Trading Plan:
1. Buy if the price closes over the Megaphone.
2. Sell if it closes under the MA50 (1d).
Targets:
1. 16200 (+12.17% buy leg).
2. 15200 (lower Support Zone).
Tips:
1. The RSI (4h) is inside a clear Rectangle whose bottom and top can help with scalping inside the Megaphone.
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Notes:
Past trading plan:
DAX to find buyers at market?GER40 - 24h expiry - We look to Buy at 15921 (stop at 15841)
Daily signals are bullish.
The primary trend remains bullish.
Previous resistance at 15900 now becomes support.
We are trading at overbought extremes.
A lower correction is expected.
We look to buy dips.
Our profit targets will be 16121 and 16171
Resistance: 16010 / 16100 / 16200
Support: 15960 / 15900 / 15860
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
DAX Elliott Wave Analysis for Tuesday 09/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we probably still go up in the lower timeframe. We discuss several scenarios that could play out. We see two potential ways to enter a trade.
09052023 - $FDAXEerie small range consolidation day yesterday, inside bar. Possible break in either directions.
Above 16017 - long to 16049. Possible rejection from 16049 to 15981.
15983-16017 Neutral
Below 15981 - shorts to 15941, 15915.
15915 - look for bounce on divergence target 15979. Break of 15915 bring us to 15843.
DAX Megaphone inside a Channel Up. Bullish long term.DAX is on a minor pull back as it came near the top of the Megaphone pattern which is inside the larger Channel Up.
If it breaks upwards, buy the breakout. If it pulls back failing to break above the Megaphone, sell and target the 4hour MA200. Reverse to buying at the bottom (15650) of the Megaphone and Channel Up.
Long term target 16250.
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DAX scenarios in the lower timeframeTrading day preparation. Although pullback is expected in the higher timeframe, we probably still go up in the lower timeframe. We discuss several scenarios that could play out.
DAX Update On The Long Forecast! Buy!
Hello,Traders!
DAX hasn't moved much
Since the last time I made
A long forecast on it
So I decided to give a quick
Update: we are still bullish
Biased and I am just
Waiting for the breakout
Out of the consolidation
Buy!
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✅DAX NEXT MOVE UP|LONG🚀
✅DAX is trading in an uptrend
And is still consolidating above
The horizontal support line of 15.600
But I am bullish biased so I think
That it will go up eventually
LONG🚀
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DAX: Bullish inside a Channel Up unless this line breaks.DAX is trading inside a Channel Up with the 4H technicals neutral (RSI = 53.275, MACD = -10.100, ADX = 32.263). With 1D also neutral , it indicates that the dominant bullish trend has to be favored and that this is a buy opportunity. That is also supported by the 4H RSI which held the 38.60 Support.
Keep in mind though that the index has been pulling back inside a Channel Down, so we will buy only if it crosses above it and target near the All Time High (TP = 16,250). If rejected inside the Channel Down, we will short term sell and target the S1 (TP = 15,660), where the price can touch the 4H MA200 after several weeks.
Finally if it closes under the S1 and 4H MA200, we will expect a stronger drop back to the Pivot Zone, thus sell with TP = 15,300.
Prior idea:
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DAX to breakdown?GER40 - 24h expiry
We are trading at overbought extremes.
Short-term momentum is bearish.
Bearish divergence is expected to cap gains.
15750 continues to hold back the bears.
15729 has been pivotal.
A break of the recent low at 15729 should result in a further move lower.
We look to Sell a break of 15719 (stop at 15801)
Our profit targets will be 15519 and 15479
Resistance: 15800 / 15850 / 15900
Support: 15750 / 15700 / 15640
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GER40 Huge SellThe key economic news to watch will be the upcoming interest rate decision by the European Central Bank (ECB). Analysts expect that the bank will hike interest rates by 0.25% and point to at least two more increases since inflation remains sharply higher. The ECB has more room to hike interest rates since it was late in hiking.
DAX bullish strucutreWe have been taken liquidity level, and now I want to see break of structure with long entry from retest.
DAX Will Go Up! Buy!
Hello,Traders!
DAX is trading in a strong
Uptrend and the price
Broke a key level of 15,700
Then consolidated above it
For a while and it seems that
It is ready to go further up
So IF we see a breakout
From the consolidation
Then a strong move up
Will follow
Buy!
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DAX: Important test for the uptrend.DAX turned bearish on the 4H time frame (RSI = 41.803, MACD = 25.466, ADX = 46.018) as it crossed under the 4H MA50 and hit the bottom of the short term Channel Up as well as the S1. So far the uptrend is loosely supported and the Channel Up is targeting the all time high (TP = 16,200). If however it closes under the S1, we expect a test of the 4H MA200 at least near the S2 (15,490) before a rebound. Closing under the S2 as well opens the way for the S3 Zone, which will be the lowest risk buy entry on a long term horizon.
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Short DAX my thoughts.Hello
We are stuck in 1500 point range for long time, see no reason to go more up. Everyone is so bullish talking about all time high but . Is it possible?
I think no, thats my educated quess for this trade.
Pros:
- Divergence on daily time frame
- Inflation,
- Bad data coming out,
- War.
Recently market moves without logic to me but thinking that people will start taking profits soon, money can be transfer to another assets.
Make sure you risk amount that you can loose if you fallow. I drew few patterns on chart.
I will update as always.
Take care,
Cheers.
DAX Will Move Higher! Buy!
Here is our detailed technical review for DAX.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 15793.87.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 16171.62 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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