DAX Elliott Wave Analysis for Thursday 20/07/2023We are waiting for a clear ABC pullback before going long.
Dax40
DAX Elliott Wave Analysis for Wednesday 19/07/2023We discuss two scenarios that could play out today. Depending on the data we get, both a long trade and short trade are possible.
DAX Elliott Wave Analysis for Tuesday 18/07/2023We discuss three scenarios that could play out today. We reached the area where the wave ((4)) can end. In case of a single correction, we should start to see an upside movement. In case of a double correction, wave ((4)) can retrace deeper. Finally, we also might see no wave ((4)) if the preceding three waves up are part of a larger WXY correction. In that case, a new wave 4 low in the higher degree cannot be excluded.
DAX Elliott Wave Analysis for Monday 17/07/2023We discuss three scenarios that could play out today. We reached the area where the wave ((4)) can end. In case of a single correction, we should start to see an upside movement. In case of a double correction, wave ((4)) can retrace deeper. Finally, we also might see no wave ((4)) if the preceding three waves up are part of a larger WXY correction. In that case, a new wave 4 low in the higher degree cannot be excluded.
DAX Elliott Wave Analysis Higher Timeframe (15/07/2023)In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). In our secondary scenario, the high might be in and the pullback might have started. For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe. We see opportunities for both short and long trades next week.
DAX Elliott Wave Analysis for Friday 14/07/2023We need a bit more data but traders can prepare for a short trade. In case of an impulse, we wait for 5 waves up that end with divergence. Keep in mind that we do not necessarily need the 5 waves up, 3 waves in the form of an ABC is also possible. If we stick with the three waves, a new wave 4 low cannot be excluded.
DAX Elliott Wave Analysis for Thursday 13/07/2023We need a bit more data but traders can prepare for a short trade. In case of an impulse, we wait for 5 waves up that end with divergence. Keep in mind that we do not necessarily need the 5 waves up, 3 waves in the form of an ABC is also possible.
Will DAX find buyers at previous support?GER40 - 24h expiry
Short term oscillators have turned positive.
Previous resistance at 15750 now becomes support.
The primary trend remains bullish.
Prices have reacted from 15450.
Trading volume is increasing.
We look to Buy at 15741 (stop at 15641)
Our profit targets will be 15991 and 16051
Resistance: 15851 / 15900 / 16000
Support: 15800 / 15750 / 15650
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.
DAX Elliott Wave Analysis for Wednesday 12/07/2023We need a bit more data but traders can prepare for a short trade. In case of an impulse, we wait for 5 waves up that end with divergence. Keep in mind that we do not necessarily need the 5 waves up, 3 waves in the form of an ABC is also possible.
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.
DAX Elliott Wave Analysis for Tuesday 11/07/2023We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
DAX Elliott Wave Analysis for Monday 10/07/2023We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
DAX Elliott Wave Analysis Higher Timeframe (07/07/2023)The pullback in the higher timeframe might have started. We discuss two scenarios that can play out. A shallow pullback as a wave (4) or the start of a deeper pullback as a wave (2). Investors better wait for more downside before buying again. Traders should wait for more data and analyze the lower timeframe.
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.
$DAX40 trader's classroom analysisVANTAGE:DAX40 is being rejected by the strong upside resistance 16500 and is going lower to test a confluence of the resistance, key reversal resistance
DAX Elliott Wave Analysis for Thursday 06/07/2023We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Today there might be an opportunity to enter a new long trade. However, traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX Elliott Wave Analysis for Wednesday 05/07/2023We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Today there might be an opportunity to enter a new long trade. However, traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX Elliott Wave Analysis for Tuesday 04/07/2023We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX Elliott Wave Analysis for Monday 03/07/2023We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
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.
DAX Elliott Wave Analysis Higher Timeframe (01/07/2023)A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse with divergence in the daily.
DAX Elliott Wave Analysis for Friday 30/06/2023We discuss three scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX H8 - Long Signal (Update)DAX H8
We pushed almost as high at 16000 before seeing a slight rejection, corrections possible, infact another test of 15700 isn't out of the question. Simple longs from this support zone again if this is the case.
16000 being quite a prominent psychological resistance price. We have a void of 285 pips to take us up to our major resistance and ultimate TP.
