2025-01-29 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Not much news. Trade the bull channel until broken. I won’t try to pick the top again.
current market cycle: bull trend
key levels: 21400 - 22000
bull case: Bulls next targets are 21800, 900 and the next big number 22000. We are in a clear bull channel and bulls are in full control. Longs closer to the 1h 20ema are printing, so trade them until they stop working.
Invalidation is below 21400.
bear case: Bears doing absolutely nothing right now. Below 20400 we would have clearly broken out of the channel and best bears could hope for then is sideways to down movement to 21200. For now I don’t think you should even thinking about shorting any of this.
Invalidation is above 22100.
short term: Bullish on pull-backs and target 21800 and then 22000. Still only scalps though.
medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again.
current swing trade: None.
trade of the day: Buy anywhere.
DAX Index
2025-01-28 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Bears fumbled again, who could have known. Can’t hold the full bear mode when seeing this price action. Weak wedge rally up to ath now with decent sell spikes in between. Don’t try to pick the top. Let the market show you clearly it wants to go down again, like it did on Friday. Until then, long pull-backs because market is just going up.
current market cycle: bull trend
key levels: 21300 - 22000
bull case: Bulls want a new ath and print 21700. If bears step aside enough, we could actually get to 22000. The bull wedge is the pattern to trade until clearly broken. I doubt bulls will let this drop below 21500 before we see 21700. My second target is 21800 and last one is the obvious 22000. No idea where this might turn again but for now you should not think about bigger shorts.
Invalidation is below 21400.
bear case: Bears sold new highs but that’s about it. The bull wedge is broad enough for both sides to make money. Will we see bigger selling above 21600 tomorrow? I doubt it. Bears can only really think about bigger shorts if we break below 21500. If you have too many bearish thoughts, just look for more time at the daily dax xetra chart. Should go away then.
Invalidation is above 21700.
short term: Bullish on pull-backs and target 21700 or higher. Only scalps though. I still think this will crash at least 20% over the next months but for now I am not willing to risk being wrong about the top and having to scale in 500-1000 points higher.
medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again.
current swing trade: None.
trade of the day: Buying any dip or selling any new high. Sounds way easier than done but that’s what happened today. Market respect the trend lines perfectly. Show those charts to people who say technical analysis is whatever.
2025-01-27 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Perfect selling down to 21200 but the pull-back is tough for bears. Futures would need to immediately sell-off from 21500 to keep the bear case alive but above 21520 we print a new ath and maybe some more. Only below 21400 one can be bearish again.
current market cycle: bull trend but could have ended today. market needs to print a lower high around 21500 and sell-off hard again.
key levels: 21000 - 21700
bull case: Bulls prevented a really bad day and closed the gap at least in the US session. Very important day tomorrow. Ff they can keep it above 21400, we could see more upside but I doubt it will get much beyond 21644 if we get there at all. On the daily tf it looks like a perfect retest of the bull trend line we broke above last Wednesday.
Invalidation is below 21000.
bear case: Bears have to keep this below 21500 or we see more upside. RTH close was 21392 and futures open has to be bearish af to keep the bear case alive. Got nothing more for the bears here. Either continue to the downside now or we will stay at the highs for longer and likely make new ones.
Invalidation is above 21500.
short term: Neutral. Need to see futures open and if bears can keep it below 21500. Bullish above and bearish only below 21400.
medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again.
current swing trade: None.
trade of the day: Selling before EU open or buying EU open. The open was neutral enough to not short the hole and longs were fine once we strongly broke above 21300.
DAX to turnaround?DE30EUR - 24h expiry
We are trading at overbought extremes.
A higher correction is expected.
Short term momentum is bearish.
Short term oscillators have turned negative.
Offers ample risk/reward to sell at the market.
A break of the recent low at 21166 should result in a further move lower.
We look for losses to be extended today.
We look to Sell at 21249 (stop at 21351)
Our profit targets will be 20961 and 20881
Resistance: 21250 / 21370 / 21531
Support: 21166 / 21100 / 20950
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DAX Short 4HGood morning, TradingView friends!
I’m excited to share my latest market forecast with you. This setup uses Fibonacci and psychological levels as our key indicators.
First up, we’re looking at the 21,405 level. It's an important Fibonacci point, and I believe the price will bounce back here, heading towards the trend line. Next, I expect the ascending trend line to hold strong, guiding the price to a crucial psychological and Fibonacci level at 21,500. From there, we might see a 4-hour and daily correction.
For confirming these moves, keep an eye on the lower time frames. A good sign to watch for is an M-pattern with a Lower High on the second leg.
Can't wait to hear your thoughts and keep the conversation going!
#202504 - priceactiontds - weekly update - daxGood Evening and I hope you are well.
comment: By full bear mode I don’t mean you just short 21394 and hope for the best. You wait for selling pressure first. Friday we got some decent selling pressure to the 1h 20ema which held since Tuesday. I expect another leg up first before we break below 21300. We have left behind 4 consecutive bull gaps and on Friday we saw the first one close immediately. This buying was as climactic and unsustainable as it get’s and having those this late in a trend is more often the end than the beginning of a new leg up. Can this go to 22000 before it goes to 20000 again? 10% if you ask me but that’s just a guess and as good as anyone’s.
current market cycle: Bull trend (very climactic move last week, market needs to take a breather or will outright crumble again)
key levels: 20500 - 21800
bull case: Bulls are in full control. This has not changed since the big breakout on Wednesday. They are still trading above the 1h and higher tf 20ema and until we break below, they remain in full control. Problem for the bulls is the climactic unsustainable nature of the move, very late in a trend. Everyone know’s it’s a suckers rally/short squeeze but that does never matter and they can just continue higher. We could easily test down to 20500 with a quick 1-3 day move, so bulls need to think about taking profits. Many will exit when market begins to stall because the up move was basically down above the 1h 20ema and once we break below, that premise is gone and I doubt many want to risk 500 points in hope to print 22000.
Invalidation is below 20500.
bear case: Bears know that the dax has not been this expensive for 25 years and want blood. The odds are decent that we go down at least 2000 points over the next weeks and bigger bears begin to scale into shorts at this high because the market broke above 2 bullish patterns and the odds of that happening this late in a trend are low. Bears finally closed a gap and now they need follow-through below the 1h 20ema. First target is to retest the high of the previous gap 21162 and see if bulls want to defend it. There is also the 4h 20ema around that price and those will be 2 big magnets early next week. My preferred path forward would be a very quick move down to 20500 to retest the breakout price and the bull trend line. There I expect buyers to come around big time.
Invalidation is above 22200.
short term: Neutral if we stay above the 1h ema. Once below, I want to see 21162 and then 21000. If we stay above, I will long scalp for 21500 and maybe 21600 and will look for shorts there.
medium-long term from 2024-01-25: No more bullish talk. Full bear mode.
current swing trade: Soon.
chart update: Marked new targets for both sides.
EUR/GBP: PAT + VPA 11/2/2024Good morning,
I will be closely observing the EUR/GBP currency pair on a daily basis, as I expect a bullish pullback or reversal to materialize in the forthcoming weeks.
- 1W / Weekly Analysis: The market has recently dipped to a low of 0.839, with current support established at 0.832. The price has tested the 0.832 level multiple times without breaching it, suggesting a diminished appetite for selling at this juncture. Additionally, the presence of significant wicks accompanied by relatively smaller bodies may indicate a potential selling climax.
- 1D / Daily Analysis: The daily time frame reveals the formation of a double bottom pattern at the weekly support level of 0.0832. Presently, the price is retesting the recent swing high of 0.84, which represents the latest peak. The price has demonstrated its capacity to remain above the 0.84 threshold, and I anticipate a continued upward movement towards 0.846 in the upcoming weeks.
OANDA:EURGBP
XETR:DAX
TVC:BXY
ThePipAssassin
2025-01-23 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Bull channel continues and we are at the top again. At this point it’s possible this spikes above the channel to print 22k. Wild to live through this tbh. 21700 likely next, bears need something below 21500 and then 21380. It’s beyond climactic and overbought.
current market cycle: bull trend - blow-off top
key levels: 21200 - 21700
bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Nothing new to report. Channel is holding and we are just moving higher without much resistance. Nothing changed. Again.
Invalidation is below 21300.
bear case: Bears need to start closing the gaps. This also has not changed. The bullish channel lives and until we break out of it, there isn’t much to analyse. All of my bullish targets are met and this looks just like the climactic end but who know’s where it will stop… Bears have nothing to think about here. Way too early for any short.
Invalidation is above 21700.
short term: Bullish until bears do more. Trade the channel.
medium-long term from 2024-01-23: Market hit 21600 and now it’s about being patient until we sell-off again. I won’t be picking tops again. I just wait now.
current swing trade: None.
trade of the day: Buying near the 1h 20ema as mentioned the last couple of days.
DAX 40 Remains in Strong Overbought ZoneThe German index has recorded eight consecutive sessions of gains, appreciating more than 5% in the short term. The price level of 21,400 points now stands as the all-time high barrier for the current long-term bullish trend.
Strong Trend:
The bullish momentum that emerged after the significant drop in August 2024 has been key to the continuation of the long-term uptrend. However, the accelerated pace of buying in the short term could lead to bearish corrections in the coming sessions.
RSI:
The RSI indicator shows an impressively bullish slope, currently displaying readings of 83 —well above the overbought level of 70. The current event in the DAX price indicates that recent movements have created an imbalance in bullish and bearish forces, which could trigger early bearish corrections as the price continues to advance.
Key Levels:
21,400 points: Positioned as the new resistance zone at the latest all-time high. Consistent buying pressure is necessary to maintain the bullish bias currently observed in the index.
20,300 points: The nearest support level on the chart and a potential area for bearish corrections in the short term. If the price drops below this level, sustained bearish pressure on the DAX could return.
By Julian Pineda, CFA - Market Analyst
DAX Trade Recap!Sniped a perfect entry using the WiseOwl Indicator and caught the bullish momentum at just the right time. 🔥
Current Status: Floating at +9RR 🚀
Took 50% partials and holding the rest for much higher targets.
The structure was clear and bullish, making this setup a no-brainer.
Momentum is still strong—let’s see how far this one can run!
How did your week of trading go? Let me know in the comments! 💬
2025-01-21 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Bull channel/expanding triangle, doesn’t matter. Trade it until clearly broken. No one knows how high this can go and I said, until we clearly see consecutive big bear bars, bulls are in full control and you should look for longs instead of shorts. Market is beyond overvalued and overbought but that does not matter for now.
current market cycle: bull trend
key levels: 21000 - 21500
bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Bears have spikes and that’s it. Bulls are buying everything and just melting this higher.
Invalidation is below 21000.
bear case: You can not start looking for shorts until bears have closed a 1h bar below 21000. This is probably true for most traders. Are you 1 in a million and can make money trading both sides on this? Good for you but for the rest of us, we better come with easy to follow, tested and profitable strategies and try to survive. Trend is your friend. Don’t fight it. Was I wrong about the bearish outlook? Timing-wise, yes. But that will never stop me form changing my mind and trade what’s in front of me. I am here to make money and not to be proven right.
Invalidation is above 21500.
short term: Bullish until bears do more. Trade the channel.
medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again.
current swing trade: None.
trade of the day: Buying big previous support around 21000.
DAX // possible start of the correctionThe market has reached the daily target fibo 200 and broke the H4 structure by breaking below the H4 impulse base.
If H4 makes a new low before making a new high, the countertrend becomes valid.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present. 🏄🏼♂️
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DAX Short - How Many Times You Got Already Burned?So, obviously the masses are short while institutions are long. We wanna know where they take profit. Psytropy gives us this beautiful report, combining it with middle of the month (loves to be reversal), let's short. I'll update the correct take profit levels later.
2025-01-20 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Bull channel is what you should trade for now. I do think the top is near though. My plan for tomorrow is to see if market stalls more around 21170/21200 and if bears come around to short this down to 21000 again. There I expect bulls to appear again and try another higher high. The bull channel is valid until broken and if bears could break it, first target would be 20850.
current market cycle: trading range
key levels: 20900 - 21200
bull case: Bulls want to continue inside the bull channel. That’s it. Look for pull-backs to long if bulls print a good signal bar. 21200 is my max target though, so I don’t expect market to go much beyond.
Invalidation is below 20100.
bear case: Bears need to break the bear channel. That’s also everything there is to this right now. Bulls are in full control until then and you should look to long this much more than shorting. It’s overbought, climactic, bubbly, yesyesyes and all of that. Does not matter one single bit until we clearly see much bigger selling pressure.
Invalidation is above 21250.
short term: Neutral in the middle of the channel but otherwise bullish until bulls clearly lost interest buying above 21000.
medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again.
current swing trade: None. Bears need to do much more before I want bigger shorts again.
trade of the day: Buying 21000 has been profitable 3 times today. Trade the channel.
DAX Daily Short Setup: Targeting 19,700The DAX approached its previous high but failed to break through, signaling potential exhaustion at these levels. In response, I have initiated a short position, targeting a retracement to the 19,700 price zone.
Fundamental Insights:
1. Economic Uncertainty: Disappointing inflation data from China has sparked concerns about demand for German goods, which weighed heavily on DAX futures during the Asian session.
2. Sector Weakness: The auto sector, including Porsche, BMW, and Volkswagen, saw significant declines due to lingering tariff threats and softening demand.
3. US Jobs Report Impact: Friday’s US Jobs Report could further dictate market sentiment. A weaker report may boost expectations for rate cuts, providing temporary support to the DAX. Conversely, stronger data may reinforce bearish momentum.
4. German Economic Indicators: While November’s industrial production showed a 1.5% rise, weak factory orders suggest limited optimism. Imports fell 3.3%, signaling declining demand, further justifying a cautious short bias.
Technical Outlook:
• The DAX remains above its 50-day and 200-day EMAs, indicating bullish momentum. However, failure to sustain above 20,523 strengthens the likelihood of a retracement.
• The RSI near 59 suggests room for further downside before approaching oversold conditions.
As always, maintain disciplined risk management. Let’s see how this setup unfolds!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
DAX H4 | Heading into Fibonacci confluence resistance zoneDAX (GER30) is rising towards a resistance barrier and could potentially reverse off this level to drop lower.
Sell entry is at 21,073.71 which is a resistance zone that aligns with a confluence of Fibonacci levels i.e. the 78.6% projection and the 161.8% extension.
Stop loss is at 21,400.00 which is a level that sits above the 100.0% Fibonacci projection.
Take profit is at 20,510.80 which is a pullback support.
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#202503 - priceactiontds - weekly update - daxGood Evening and I hope you are well.
comment: Neutral. Last week I noted that my bearish bias was probably not good since us markets were bullish enough and dax could not move below 20100. The big gap up on Tuesday was the first clue to refrain from shorts and on Wednesday bears gave up and we melted higher until Friday’s close. The upside is now probably very limited but it’s too early for most bears. My max target above is around 21200 and until bears print either a very huge down day or we had 2-4 days sideways to down movement with a retest of 20900/21000, I would not look for swing shorts.
current market cycle: Bull trend (wedge or channel, difference does not matter) until we get below 20300 again.
key levels: 20500 - 21200
bull case: Bulls are in full control since Wednesday and they will likely get 21000 and maybe a bit above it. Their problem is that they are buying high with multiple upper trend lines which could still be resistance. That argument is somewhat weak in the face of a strong trend and that is what we had last week. You never know how far they go but it’s climactic behavior and structuring longs above 20900 is tough. Longs only on strong momentum.
Invalidation is below 20500.
bear case: Bears gave up on Wednesday and they will probably wait for 21k and a reaction there. Never try to be the first bear. Let the big institutions show you where there is no more bid and then let the profit taking begin. V-reversals are so rare that you should almost never worry about them. Bears first target is the gap close 20675 and then the second body gap to 20574.
Invalidation is above 21200.
short term: Neutral. We have a clean channel/bull wedge up and we are very close to the upper trend line. Could go a bit higher before potentially reversing. 21200 is my max target.
medium-long term from 2024-01-18: Market will likely hit 21000 and then it’s about patience to time the shorts right.
current swing trade: Last swing short was not good but part of the game. I am waiting for bears to come around again.
chart update: Marked potential targets for both sides.
DAX // prepare for both sidesThere are times when it's better to stay out of the market.
But we always have to prepare for the next trade.
The primary scenario is long, since this is the primary trend, and the daily and the H4 is waving north. The recent H4 breakdown is in line with both countertrend lines (daily and H4) , so upon a significant break above the long trigger (green), the H4 target fibo 138.2 is my target.
But if the market turns south, and waves down below the daily breakout (short trigger - red), the countertrend may continue to visit the next H4 and daily breakout that is in line with the H4 target fibo 138.2.
Be patient, and wait for a clear breakout of this neutral zone, then go down to the lower timeframes, and trade the countertrend breaks there.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present. 🏄🏼♂️
<<please boost 🚀 if you enjoy💚
DAX: Healthy Channel Up aiming at 21,350DAX is on excellent bullish levels on its 1D technical outlook (RSI = 66.832, MACD = 222.700, ADX = 20.758) as it just crossed the previous Resistance of the 5 month Channel Up. This is technically the new bullish wave of the pattern which got further confirmed after Monday's bounce on the 4H MA200. Both 1D MACD wise and relative price structure, it looks much like the previous two bullish waves. The recent HH was on the 2.0 Fibonacci extension, thus we're aiming for the top of the pattern (TP = 21,350) yet again.
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