DAX index (DAX) | The best scenario for the fall📝Hello traders, DAX in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count that has been done. The main waves 1 and 2 in this process of progress are over and now we are in wave 3.
It consists of 3 microwaves 1, 2, 3 and 4 and wave 5 is at the beginning of its motion.
We expect wave 5 to climb to Fibonacci 1.618, which is the ratio of the main wave 3 to the main wave 1, and then wave 4 will start with a complete break of the trend line.
Wave 4 will be deep and long due to wave 2.
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Dax30long
DAX index (DAX) | The best scenario for the fall📝Hello traders, DAX in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this index, we consider two scenarios:
In the first scenario, the main waves 1, 2, 3, 4, and 5 are formed, and now we have entered a new phase and correctional waves.
In the second scenario, waves 1, 2 and 3 are over.
And now we are inside wave 4 and wave 4 is in the form of an disciplinary triangle and from this triangle wave e is incomplete.
For this reason, we considered several ranges. If the trend line and the downward red circle are broken, the movement continues to the lower side of the triangle, and after this side is broken, the first scenario will be completely approved.
But in case of reaction to any of these ranges, I consider the second scenario and the trend climbs to Fibo 0.38 by breaking the upper side of the triangle.
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DAX Forecast: Continues to Consolidate Around 200 Day EMAThe German index continues to bounce around the 200 day EMA as we have seen a lot of consolidation in this general vicinity. The 200 day EMA is obviously an indicator that a lot of technical traders will jump on, as it continues to be an area that longer-term traders pay close attention to. Furthermore, when you look at this chart, you can see that we have gone back and forth just above the €15,000 level, an area that obviously would be somewhat attractive for traders as well.
When you look at this chart, you can see we are trying to build a bit of a basing pattern, and if we can take out the €15,500 level, I think it is very likely that we go looking towards the €16,000 level again. Ultimately, the market will have to decide whether or not the lock down situation in Germany is going to roll over the cliff, or if we are going to turn around and rally. At this point, the reaction has been somewhat positive, so one would have to think it is probably only a matter of time before we grind higher. After all, we had recently sold off quite drastically only to go sideways, which is the first step in getting things turned around.
That being said, if we were to break down below the €14,900 level, then it could send this market much lower, perhaps down to the €14,000 level. The DAX is going to be just as sensitive to risk appetite as many other indices, despite the fact that Germany is considered to be the “blue-chip index” of the European Union. A cheap euro certainly helps the idea of exports, which the DAX is full of when it comes to large multinational corporations.
One thing is for sure, if the DAX sells off again, nothing good could happen to other indices such as the IBEX, MIB, and other smaller indices on the continent. If this market does rally, those very same indices will be where traders look to next in order to find some type of return. As things stand right now, we have pulled back to a serious support level, and so far, it seems to be doing its job. It is a little early to call it a victory, but it certainly is starting to act like the buyers are willing to step in.
GER40 Buy at 50 EMA.GER40 - Intraday - We look to Buy at 16133 (stop at 16083)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Dips continue to attract buyers.
We look to buy dips.
50 4hour EMA is at 16130.
We look for a temporary move lower.
Our profit targets will be 16273 and 16293
Resistance: 16200 / 16250 / 16300
Support: 16150 / 16100 / 16050
SOLOMON NUMBER of DAXThe Solomon Number of DAX is: 15897
Instructions:
A- Every DECREASE in price is an opportunity to BUY. The Target is Solomon Number 15897.
B- Once the Solomon Number is touched the analysis is no longer valid to enter OR take long again.
D- Apply proper risk management according to your balance.
1st long entry@ now 15275
2nd long entry@ 15060
TP@ 15897
Monday: DAX - Week 47Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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DE40 Buy a break setup.GER40 - Intraday - We look to Buy at 15522 (stop at 15454)
Daily signals are mildly bullish.
Dips continue to attract buyers.
Short term bias has turned positive.
20 4hour EMA is at 15520.
We look to buy dips.
Our profit targets will be 15709 and 15729
Resistance: 15600 / 15650 / 15700
Support: 15550 / 15500 / 15450
DAX: The Sun is Rising! 🌅🌅🌅Currently, we expect the DAX is going to rise and leave the low of wave 2 in green behind. It is important that the course is surging past 16024 points. From there, we have plenty of room to further increase to regions around 16500 points. However, the DAX must remain above 14998 points.
Happy trading!
Monday: DAX - Week 39Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
DE30 Buy a break setup.GER30 - Intraday - We look to Buy a break of 15751 (stop at 15712)
Expect trading to remain mixed and volatile.
Daily signals are mildly bullish.
A break of bespoke resistance at 15750, and the move higher is already underway.
A break of yesterdays high would confirm bullish momentum.
Short term bias has turned positive.
Our profit targets will be 15859 and 15879
Resistance: 15750 / 15800 / 15850
Support: 15700 / 15650 / 15600
DE30 Buy the support setup.GER30 - Intraday - We look to Buy at 15694 (stop at 15654)
Prices have reacted from 15450.
Short term bias has turned positive.
We look to buy dips.
Pivot support is at 15694.
20 4hour EMA is at 15694.
Our profit targets will be 15804 and 15824
Resistance: 15750 / 15800 / 15850
Support: 15700 / 15650 / 15600
Tuesday: DAX - Week 36Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
GER30 Buy the previous resistance.GER30 - Intraday - We look to Buy at 15812 (stop at 15758)
Previous resistance, now becomes support at 15800.
Dips continue to attract buyers.
We look to buy dips.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 15969 and 15989
Resistance: 15970 / 16000 / 16030
Support: 15900 / 15850 / 15800