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 Index
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
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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 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: 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
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.
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 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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DAX: Growth & Bullish Forecast:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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DAX continues to grow.GER40 - 24h expiry - We look to Buy a break of 16001 (stop at 15899)
There is no clear indication that the upward move is coming to an end.
We are trading at overbought extremes.
Daily signals are bullish.
15925 has been pivotal.
A break of the recent high at 15980 should result in a further move higher.
Our profit targets will be 16251 and 16301
Resistance: 15980 / 16000 / 16100
Support: 15830 / 15760 / 15700
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.
ger30 i think price will go down and tuch the showing level on chart
there is a decreasing trend line and price react to it
with short stop lose go short on it
DAX Will Move Higher! Buy!
Here is our detailed technical review for DAX.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 15876.08.
Considering the today's price action, probabilities will be high to see a movement to 16257.29.
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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DAX Destined to test the All Time HighDAX is trading inside a Channel Up for the whole month of April. Until it breaks, scalp the whole range of the Bollinger Bands.
If the price crosses over it, buy and target the All Time Highs of 2021 at 16300.
If it crosses under it and more specifically the 4hour MA100, sell and target the 4hour MA200 at 15500.
Previous chart:
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DAX My Opinion! BUY!
My dear subscribers ,
This is my opinion on the DAX next move:
The asset is approaching an important pivot point 15878.04
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Target - 16267.76
My Stop Loss - 15637.79
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK