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.
Dax40
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.
DAX Elliott Wave Analysis for Thursday 29/06/2023We 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 Elliott Wave Analysis for Wednesday 28/06/2023We 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 Elliott Wave Analysis for Tuesday 27/06/2023We discuss four scenarios that could play out today. We see an opportunity for a long trade but traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX40 H8 - Long SignalDAX40 8H
Finding a range on the German indices at the moment, after aggressive highs of 16440 ish... We have now started correcting back into a previous play of S/R. Which is good for us as it now means we have previous highs to target, and previous support to buy from.
Ideally looking for longs (in line with alerts) from 15700 price, in aim to trade back up beyond 16000 again.
DAX Elliott Wave Analysis for Monday 26/06/2023We discuss four scenarios that could play out today. We see an opportunity for a long trade but 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 Higher Timeframe (24/06/2023)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 23/06/2023We discuss three scenarios that could play out today. We see an opportunity for a long trade but traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Dax to be supported soonI am looking at the possibility of a potential flat in wave 2 as we keep falling in what could be a wave {c}. Equality of wave {c} vs.{a} is where I would like to start seeing some support and that would be at the beginning of the golden box.
Feel free to ask question, trade safe!
DAX Elliott Wave Analysis for Thursday 22/06/2023Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for a long trade.
Will DAX find buyers at market?GER40 - 24h expiry
Offers ample risk/reward to buy at the market.
The primary trend remains bullish.
The 1 day moving average should provide support at 15923.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Bespoke support is located at 15900.
We look to Buy at 15902 (stop at 15802)
Our profit targets will be 16152 and 16192
Resistance: 15950 / 16000 / 16050
Support: 15912 / 15860 / 15800
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 21/06/2023Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for a short trade.
