Dax40
DAX Elliott Wave Analysis for Friday 08/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Thursday 07/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Tuesday 06/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Tuesday 05/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Monday 04/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis Higher Timeframe (02/09/2023)In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
DOW JONES TRADE IDEAUS30 is on a bearish trend after opening and closing yesterdays New York session with strong sell. We should see a retest to the upside and have more bearish moves at the release of the NFP reports and the opening of the New York session.
NAS100 TRADE IDEA We have NFP today, NAS100 is forming a bearish trend, it is at a resistance level and we should see massive sells to the downside at the the open of the New York session and at the release of the NFP reports.
DAX Elliott Wave Analysis for Friday 01/09/2023The primary scenario (in green) is playing out and it looks like we soon might finish wave (X). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
FTSE100 - Short SetupFTSE100 D1
Moved up a timeframe here for the FTSE100 analysis, we are starting to see some rejections for the second day here. A little different to the play we can see on the DAX, the DAX looking very bullish thus far. That being said, could simply be a second entry/retest offering.
Indices trade and analyse a little different to FX. We base our entries and zones from less confluence and more impulse due to the volatility they bring.
DAX40 H4 - Short SetupDAX40 H4
We are now into that 16000 resistance region, a nice area of supply and resistance sitting on our H4 and D1 level. We also note, FTSE100 sitting on that 7500 psychological price. UK and EU based indices sitting on some pretty large numbers.
FTSE100 already aimed to make a couple of slightly rejections from that resistance price, as has DAX. Looking for a deeper pulldown now to see some downside swing potential.
DAX Elliott Wave Analysis for Thursday 31/08/2023The primary scenario (in green) is playing out and it looks like we soon might finish wave (X). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Wednesday 30/08/2023The primary scenario (in green) is playing out and it looks like we soon might finish wave (X). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Tuesday 29/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
DAX Elliott Wave Analysis for Monday 28/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
DAX Elliott Wave Analysis Higher Timeframe (26/08/2023)In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
DAX Elliott Wave Analysis for Friday 25/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).
DAX Elliott Wave Analysis for Thursday 24/08/2023The primary scenario (in green) assumes more upside in a corrective pattern. The secondary scenario (in red) calls for another leg down before we have the upside in a corrective pattern.
DAX40 H4 | Potential bullish breakoutDAX40 has hit the buy entry for a potential bullish breakout. Momentum could carry price higher towards our take profit target. Wait for breakout confirmation prior to entering the trade.
Entry: 15797.95
Why we like it:
There is a potential bullish breakout
Stop Loss: 15705.25
Why we like it:
There is a pullback support
Take Profit: 16002.65
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
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DAX to turnaround?GER40 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The primary trend remains bullish.
Price action continues to trade around significant highs.
A move through bespoke resistance at 15800 and we look for extended gains.
A Doji style candle has been posted from the base.
We look to Buy a break of 15821 (stop at 15721)
Our profit targets will be 16071 and 16131
Resistance: 15800 / 15900 / 16000
Support: 15700 / 15600 / 15500
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DAX Elliott Wave Analysis for Wednesday 23/08/2023The primary scenario (in green) assumes more upside in a corrective pattern. The secondary scenario (in red) calls for another leg down before we have the upside in a corrective pattern.
DOW JONES TRADE IDEADOW JONES closes slightly higher on Friday after a 3days bearish run. We should expect more bullish move before the close of the market and at the open of the New York session.
