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.
Dax40
DAX Sell signal but gets invalidated on this levelDAX is on a 2-day pullback with a new (dashed) Channel Up emerging.
The index is already inside two long term Channel Up patterns.
The RSI (1d) crossed under its MA level, calling for a technical pullback inside the borders of these Channel Up patterns.
Trading Plan:
1. Sell as long as the price remains under Resistance (1).
2. Buy if it breaks above it.
Targets:
1. 15740 (bottom on two Channel Up patterns).
2. 16950 (top on two Channel Up patterns).
Tips:
1. The RSI (1d) has a Rising Support. Keep that in mind as if it holds you might consider closing the short position earlier.
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Notes:
Past trading plan:
DAX Elliott Wave Analysis for Tuesday 20/06/2023Trading 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 both a long and a short trade.
DAX Elliott Wave Analysis for Monday 19/06/2023Trading 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 both a long and a short trade.
DAX Elliott Wave Analysis for Friday 16/06/2023Trading 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 both a long and a short trade.
DAX H4 & D1 - Sell SignalDAX40 H4 & D1
Starting to see rejections from this 16300/350 price, I would like to see us pull down towards that 16000 whole number price in the short term before then maybe seeing something even deeper on a higher timeframe basis.
We have indicated an entry (albeit a little late, apologies) for the H4 entry, and also marked the D1 timeframe for reference and significance. Stock indices are massively overpriced at the moment, corrections I feel are certainly over-due!
DAX Elliott Wave Analysis for Thursday 15/06/2023Trading 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 both a long and a short trade.
DAX40 H4 | Bearish reversal from all-time high?DAX40 could rise into a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 16303.35
Why we like it:
There is a swing-high resistance at the recent all-time high
Stop Loss: 16375.44
Why we like it:
There is resistance at the 100.0% Fibonacci projection level
Take Profit: 16108.97
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DAX Elliott Wave Analysis for Wednesday 14/06/2023Trading 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.
DAX Elliott Wave Analysis for Tuesday 13/06/2023Trading 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.
DAX Elliott Wave Analysis for Monday 12/06/2023Trading 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 both a long and short trade.
DAX Elliott Wave Analysis for Friday 09/06/2023Trading 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 both a long and short trade.
DAX Elliott Wave Analysis for Thursday 08/06/2023Trading 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 both a long and short trade.
DAX Elliott Wave Analysis for Wednesday 07/06/2023Trading 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 several options to enter a trade.
DAX40 H4|Potential bullish breakout?DAX40 could break out of an overlap support to climb higher. Wait for a confirmation signal for price to pull back towards the buy entry
before momentum could carry price up to our take profit target.
Entry: 16085.02
Why we like it:
There is an overlap resistance
Stop Loss: 15914.07
Why we like it:
There is an overlap support that sits below the 38.2% Fibonacci extension level
Take Profit: 16304.97
Why we like it:
There is an overlap resistance just below the all-time swing-high
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DAX Elliott Wave Analysis for Tuesday 06/06/2023Trading 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 several options to enter a trade.