GER30, D1 | Potential bullish bouncePrice has bounced off the 23.6% Fibonacci retracement, we could see the momentum carry price up to its take profit target.
Entry: 14,872.48
Why we like it:
There is a 61.8% Fibonacci retracement and a swing low support
Stop Loss: 14,442.76
Why we like it:
Swing low support
Take Profit: 15,718.21
Why we like it:
There is an overlap resistance
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
DAX Index
DAX BEARISH As shown it looks like the market could still continue down the channel till the end of the week, as it comes up to retest the Fibonacci zone to sell. It has also created LH AND LL inside the channel. With NAS100 having reaching a point of ''HIGH DEMAND'' yesterday we might see the same occur on DAX. for now i am waiting to see if it respects the levels or breaks out creating new HH AND HL
DAX has turned negative.GER40 - Intraday -
Short term oscillators have turned negative.
The trend of higher intraday lows has also been broken.
The sequence for trading is lower lows and highs.
Preferred trade is to sell into rallies.
50 4hour EMA is at 15242.
We look to Sell at 15229 (stop at 15329)
Our profit targets will be 14979 and 14939
Resistance: 15000 / 15120 / 15250
Support: 14885 / 14700 / 14600
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.
Further Downside in DAX Impulsive Elliott Wave DeclineDAX ended cycle from 9.28.2022 low in wave ((1)) at 15707.61 with internal subdivision as 5 waves. Index is now correcting that cycle within wave ((2)) in larger degree 3, 7, or 11 swing. Internal subdivision of wave ((2)) is unfolding as a zigzag Elliott Wave structure. A zigzag is an (A)-(B)-(C) structure where wave (A) and (C) both subdivide in 5 waves. Wave (A) of ((2)) is now in progress as 5 waves. Down from wave ((1)), wave ((i)) ended at 15524.85 and rally in wave ((ii)) ended at 15667.21. Index resumes lower in wave ((iii)) towards 14913.98, and wave ((iv)) ended at 15128.25. Final leg lower wave ((v)) ended at 14887.44 which completed wave 1.
Corrective rally in wave 2 has ended at 15272.11 and the Index resumes lower in wave 3 towards 14702.91. Wave 4 is proposed complete at 1488.06. Expect the Index to see a few more lows before ending wave 5 and this should complete wave (A) in larger degree. Afterwards, the Index should rally in wave (B) to correct cycle from 3.7.2023 high before it resumes lower again in wave (C) of ((2)). Near term, as far as pivot at 15707.6 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
DAX rising on the MA100 (1d). Low risk buy here.DAX is trading inside a Channel Up pattern since November 3rd.
The price almost hit the MA100 (1d) today and instantly jumped.
The drop completed a -6.50% decline, consistent with the prior decline to the Higher Low of the Channel Up on December 20th.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16200 (representing a +10.40% increase, consistent with the rises of January 17th and November 14th).
Tips:
1. The RSI (1d) is inside its own Channel pattern and it has registered a Double Bottom. An additional buy signal.
Please like, follow and comment!!
BIG SHORT ON THE DAXAs you can see from my track record, I am never wrong.
The DAX will sell off to 14100.
I have taken my trade at the very top.
Let us watch this unfold.
Cheers
DAX: Rally started and targets 16,500DAX is rising again on the 1D MA50 after hitting the bottom of the four month Channel Up. The 1D technicals are on the best buy levels possible (RSI = 46.297, MACD = 24.600, ADX = 26.606) and the 1D RSI is also rebounding on the bottom of its Channel Down.
According to the extent of the previous two DAX rallies, we are expecting a +11.50% bullish wave to be completed, it is not late to go long even on the current levels (TP = 1
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
DAX IndexHello Traders,
Dax Index is heading to 15200 K zone then probably there will face a lot of sellers.
Long intraday TP 15200 circa.
Trade safe.
Illyrian Finance
DAX Major bearish breakoutWe're watching the support level of 14877 very closely as it's a major overlap, 23.6% Fib retracement and a break of this level, coinciding with the ichimoku cloud bearish exit, could trigger a massive drop to the next support level at 13863.
It's also nice to see strong bearish divergence vs Stochastic suggesting we could see a big reversal upon the break of the 14877 level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DAX Major bearish breakoutWe're watching the support level of 14877 very closely as it's a major overlap, 23.6% Fib retracement and a break of this level, coinciding with the ichimoku cloud bearish exit, could trigger a massive drop to the next support level at 13863.
It's also nice to see strong bearish divergence vs Stochastic suggesting we could see a big reversal upon the break of the 14877 level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DAX BEARISH SCENARIO NOT OVERDAX felt 3.04% in Monday, biggest drop for the instrument after December. Investors are cautious after the failings of SVB and Signature Bank that the entire bank sector might be badly hurt from the sharp rise of interests in the last year.
On the technical front both MACD and RSI indicators are suggesting continuity of the bearish movement, with RSI below the 50 neutral line and MACD histogram deep under the zero line and keep falling.
If the current movement continues, the price might try to test levels of 14500. In the opposite scenario the price might revert back to 15410.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
DAX still showing positive signs?GER40 - Intraday -
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
We look to buy dips.
Support is located at 15290 and should stem dips to this area.
Our outlook is bullish.
We look to Buy at 15291 (stop at 15191)
Our profit targets will be 15471 and 15531
Resistance: 15500 / 15550 / 15600
Support: 15400 / 15350 / 15290
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 is a great buy with potential as high as 16280The long term pattern on DAX is a Bullish Megaphone.
Since February though it has been trading inside a Rectangle pattern, offering buy low / sell high opportunities.
Rectangle trade is a buy with Target 1 = 15700.
Megaphone trade is a buy over Resistance A with Target 2 = 16280.
DAX on the strongest bullish momentum of all, targeting 16350.DAX gave us both the sell profit we aimed for last week as well as the break-out buy signal above Resistance 1:
This time we are moving on a higher time-frame (1D), as the index is showing incredible bullish momentum on the long-term. Trading within a Channel Up since the October 03 2022 market bottom, the structure is best viewed using the Fibonacci Channel levels. Since October 21 the 0.236 - 0.382 Fib Zone has been the ultimate buy zone, with the most recent entry being on March 02 right above the 1D MA50 (blue trend-line).
With the 1D RSI coming out of its newest Accumulation Phase, the index can now target the 0.786 - 1.0 Fibonacci Zone, with our long-term target being at 16350.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
DAX Short term bullishDAX is rising before reaching the MA50 (4h).
The patterns involved are two Megaphones.
The MA50 (1d) is supporting long term.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15800 (Fibonacci 1.236 extension, similar to Jan 31st - Feb 2nd rise that was also +3.75%).
Tips:
1. The RSI (4h) also on a perfect harmony with Jan 31st - Feb 2nd, reinforcing the buy now.
Please like, follow and comment!!
DAX to turnaround from a bearish engulfing?GER40 - Intraday
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
The bearish engulfing candle on the daily chart is negative for sentiment.
Short term momentum is bearish.
50 4hour EMA is at 15490.
We look for losses to be extended today.
We are trading at overbought extremes.
GER40 - Intraday - We look to Sell a break of 15491 (stop at 15571)
Our profit targets will be 15291 and 15251
Resistance: 15550 / 15600 / 15650
Support: 15510 / 15450 / 15400
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.