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Dax40

Dax40 Long turned down, but first support can be nearDax has been trading higher since October 2022 but five waves up from that low suggested that bulls are done for now and that correction is in play. In fact, we have seen a nice reversal down recently, through the trendline support on the 4h chart so the corrective phase is here, but with three waves down from the top, we may start observing some of the support for wave (C). An interesting level for a new price stabilization can be at 15300-15400 area.
CAPITALCOM:DE40Long
by DaveBrascoFX
Will DAX continue to selloff?GER40 - 24h expiry The bearish engulfing candle on the weekly chart is negative for sentiment. Short term bias has turned negative. There is no clear indication that the downward move is coming to an end. We are trading at oversold extremes. We look for a temporary move higher. Previous support at 15750 now becomes resistance. We look to Sell at 15749 (stop at 15849) Our profit targets will be 15501 and 15451 Resistance: 15575 / 15750 / 15850 Support: 15492 / 15400 / 15300 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.
OANDA:DE30EURShort
by OANDA
DAX40 Crash - Short Signal - Swing TradingDAX40 is about to crash. A BIG short trade is pending its turn. Germany40 Index (GER40, GRXEUR, GER30) is trapped in a Bearish stance. Fundamentally, many things are against a Bull-Market at these times, but I mentioned that in my VIX spike idea. From a Technical Analysis standpoint, well, the picture is much clearer. Technicals: * A-B-C Elliott Wave Sequence * Running Flat Pattern * Bearish Harmonic: Cypher Pattern * Fractal Pattern: May-Dec '18 Sequence * Reversed Bearish Divergence * Bearish Divergence * Descending Channel * 61.8% Fibonacci Retracements of Primary A (red) * 88.6% Fibonacci Retracements of Intermediate (B) (white) * 100% Fibonacci Extensions of Intermediates (A) & (B) (white) Expected Outcome: * Powerful Bearish Impulse in Primary C (red). Trading Signal: * Entry @ 14550 * SL @ 15800 * TP1 @ 11200 * TP2 @ 9750 * TP1 @ 9000 Safety Measures: * When in the green, moving stop-loss at break-even.
FOREXCOM:GER40Short
by Lionheart-EWA
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