Dax30long
DAX Breakout or Breakdown?The DAX has rallied significantly since the end of September after touching a major support range at 11,550 - 11,850 - the area that price bottomed in November of 2020
It is now pressuring the downtrend extending from the yearly highs and could be poised to break higher
A convincing close above downtrend resistance would provide a great buying opportunity with near-term targets at 13,570 and 13,950
However, if trend resistance holds firm, a continued downside push looks likely, with a great opportunity to sell and chase price back to yearly lows
Bullish technical conditions Looking ahead - ECB interest rate decision tomorrow
Tomorrow: 12:15 GMT European Central Bank (ECB) meeting takes place where a +0.75% (75 basis point) increase is expected
Market movers:
German DAX testing resistance opening up the potential for a further upside advance?
DAX Index: Bullish technical conditions in the very short-term following the reversal from the 11,829 low, the reversal signals the index may have entered a “corrective” cycle and if proven true places 13,144 at key resistance and 13,721 as prospective upside targets for longs with stops at 12,893.
Not investment advice. Past performance is not indicative of future results.
Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220830Happy Tuesday,
Unless DAX regains 13k and breaks above 13 100, it can still go either way. Bears do want to break yesterday's low and create LL.
Line in the sand is 12 850
Macro EU Business Climate, Consumer Confidence, HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech
Buy
Break: 12 940, 990, 13 060, 085
Reversal: 12 890, 825, 735, 700, 675
Sell
Break: 12 905, 850, 795, 750, 700
Reversal: 13 010, 095, 130, 215
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
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Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
LOVELY BUY ON THE DAX!Don't be scared to take advantage of this lovely buy opportunity on the DAX.
take a buy now with TP at 13941.
Thank me later!
Daily analysis and day trading setups on DAX Ger30 20220816Happy Tuesday,
Line in the sand for Dax is 13850. However, for the rally to continue 13900 has to break. Bulls need to defend 13810 & 13780. Bears need to take out 13730
Macro : EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI
Buy
Break: 13860, 13920, 14010, 14070
Reversal: 13800, 13740, 13690, 13600
Sell
Break: 13820, 13760, 13710
Reversal: 13945, 14030, 14085, 14120, 14150
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
DAX (GER30) ANLYSISWelcome everyone,i'm sharing with you this trade and will tell you how to treat this market. First of all, the DAX broke over the previous resistance which became a support, so its a key level. the market couldn't go all the way up to the next level which is a key resistance, and then it went back. what we can see, is that the market is in an up trend, and we can consider the pullback as a correction where the market regain his force. Secondly, and according to Elliot waves and the Fibonacci, the market is ready now to pump up and go the next level which will be your target. Finally, after testing on the support, and couldnt break it, the market will go up to the next target and will hit it.
Daily analysis and trade setups on DAX Ger30 20220803Happy Midweek.
The Gandalf line for DAX is currently at 13300. Bulls are in-charge but still very fragile. Today's macro can break them.
It has always been my experience that when price action approaches Big Brown levels, it gets into consolidation because it is decision time. Currently that level is 13440 (B)
Macro: DE - Trade Balance, BME PMI, EUR - PMI, Retail Sales***, US - PMI, Factory Orders, Services Employment Index, New Orders, PMI***, Prices Paid
Today's pivotal level is at 13415. Buy above. Sell overbought above. Sell below. Buy oversold below
Buy
Break: 13490. 13535, 13600
Reversal: 13415, 13370, 13300, 13260, 13200
Sell
Break: 13420, 13375, 13310, 13260
Reversal: 13490, 13540, 13600, 13695
Green Goblin levels are here >>>
TIFibs confluence levels are here >>>
Daily analysis and trade setups on DAX Ger30 20220728Happy GDP Day
DAX has been in a bit of consolidation since 19th July. A strong news can break it out of that range. Current outlook is turning bullish but I would remain careful.
A break above 13380 will set strong bullish direction if it continues after that
Bears have hard work in front of them to break 13070, 13000 & 12810
Macro: EUR business climate, consumer confidence, HICP, US GDP, Jobless Claims
Mostly scalp trades unless a strong directional move comes
Buy
Break: 12270, 13350, 13450
Reversal: 13140, 13080, 12990, 12920
Sell
Break: 13200, 13100, 12990
Reversal: 13270, 13350, 13450, 13600
Chart with Fib levels >>>
Chart with Green Goblins >>>
Chart with confluence levels >>>
Daily analysis and trade setups on DAX Ger30 20220726It's all CHOP CHOP CHOP with DAX for the last 3 days.
Unless one of the levels 13140 or 13290 are broken with confidence, it's going to be like this till FOMC tomorrow
I have observed this behaviour in all the assets when they get close to Brown top levels. DAX is near Brown level B at 13440.
Yesterday's levels are still in play i.e. Blue B and Brown B
Buy
Breaks: 13350, 13440
Reversals: 13100, 12970, 12920, 12830, 12790
Sell
Breaks: 13100, 12990, 12920
Reversals: 13350, 13440, 13600, 13840
For more precise levels, here is the Green Goblins chart >>
Confluence levels are here >>
Jamie Gun2Head idea - Buying DAXTrade Idea: Buying DAX
Reasoning: Dax had a nice move higher, following a consolidation we are looking for a move back to resistance.
Entry Level: 13165
Take Profit Level: 13337
Stop Loss: 13117
Risk/Reward: 3.58:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Daily analysis and trade setups on DAX Ger30 20220725Dax is at a pivotal point. Brown Zone B is in strong play. I think it will go where the US markets go. Wednesday's FOMC will keep markets in a tight range.
Macro movers: Germany business climate index
For immediate direction, as far as it remains above 13100, it is in bullish zone.
Blue zones C and B are also in play.
Buy
Breaks: 13225, 13270, 13350,
Reversals: 13100, 12990, 12900, 12830, 12750, 12670, 12620
Sell
Breaks: 13080,12970, 12920, 12850
Reversals: 13370, 13440, 13480, 13550, 13600
For more precise levels, here is the Green Goblins chart >>
www.tradingview.com
Confluence levels are here >>
Daily analysis and trade setups on DAX Ger30 20220722DAX is likely to consolidate today. However, PMI data might change that and make it directional
Blue zones B, C and mega zone Brown B are in play today.
Break below 13100 can drop DAX to 12800 and below
Break above 13300 can take DAX to 13600 and above
Buy
Breaks: 13220, 13270, 13350, 13450
Reversals: 13050, 12960, 12900, 12820, 12700
Sell
Breaks: 13160, 13100, 12990, 12925. 12825
Reversals: 13270, 13380, 13475, 13630
Chart with Green Goblin levels >>>