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Daily analysis & day trading setups on DAX DE30EUR 20220823Happy Tuesday, DAX has converted 50 DMA into resistance and that is our line in the sand today at 13 235. Bulls still have hope till 12440. Below that, bears are firmly in control aiming for 11440 Macro DE PMI, EU PMI, ECB Panetta Speech, Consumer Confidence, GB PMI, US PMI, Home Sales Buy Break: 13 190, 255, 360 Reversal: 13 130, 080, 12 975, 910 Sell Break: 13 135, 095, 12 990 Reversal: 13 270, 375, 450 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
DAX testing its first Support, the 1D MA50The German Stock Index (DAX) got emphatically rejected on its January Lower Highs trend-line, as we anticipated with our previous analysis two weeks ago: The price broke below the 1D MA100 (green trend-line) and hit the 1D MA50 (blue trend-line), which is the first line of Support. As long as it closes above it, chances are that we will rise and re-test the Lower Highs (1) trend-line. A close below though, calls for a sell extension towards the 12400 Support, currently a Double Bottom. Notice how the RSI on the 1W time-frame got rejected exactly on the 48.80 Resistance, which was where the June 06 High was made. That matches the Lower Highs as well. A break above this Resistance, would be an additional factor indicating that the long-term trend may be shifting from bearish back to bullish. Technically, only a break above the 1D MA200 (orange trend-line)/ 1W MA50 (red trend-line) Resistance cluster, constitutes a long-term bullish break-out. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!
by TradingShot
3
Daily analysis & day trading setups on DAX DE30EUR 20220822Happy New Week, Happy Monday, 13400 level is still important for DAX. But the battleground is now between 13250 & 13700 for this week Macro US Chicago Fed National Activity Index Buy Break: 13 480, 590, 685 Reversal: 13 440, 360, 250 Sell Break: 13 450, 375 Reversal: 13 530, 600, 710, 780 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Daily analysis & day trading setups on DAX DE30EUR 20220819Happy Friday, Happy Janmashtami, After Wednesday's big move, yesterday was an inside bar. So 13600 becomes line in the sand. Bears want to regain control <13600 & bulls want to go back >13740 Macro No news is good news ?! Buy Break: 13 660, 780, 815 Reversal: 13 580, 530, 450, 370 Sell Break: 13 585, 535, 460 Reversal: 13 670, 745, 820, 870 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Daily analysis & day trading setups on DAX DE30EUR 20220818 Happy Thursday, Happy Janmashtami What a move on DAX yesterday. As it has now broken 13510, 13510 becomes line in the sand. Break of that will open up 13360 & beyond Macro EU HICP, ECB Schnabel Speech - US Jobless Claims, Phil Fed Mfg Survey Buy Break: 13 690, 755, 805, 850, 915 Reversal: 13 595, 530, 450, 365, 290 Sell Break: 13 600, 540, 455 Reversal: 13 700, 770, 815, 870, 930, 995 I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
Daily analysis and day trading setups on DAX Ger30 20220817Happy Mid Week Day, Happy Wednesday, Happy FOMC Day, Dax managed to touch 61.8 retracement at 13968 of recent down move. If support at 13852 holds, it can go to 14373 Line in the sand today stands at 13852 Macro EU GDP, US Retail Sales, FOMC Buy Break: 13990, 14065, 14160 Reversal: 13900, 13840, 13800, 13750, 13690 Sell Break: 13915, 13845, 13810, 13760, 13710 Reversal: 14000, 14070, 14175 Green Goblin levels are here >>> Fibonacci Confluence levels are here >>> I regularly publish my daily analysis & trading plan for day trading setups. The links are here: NASDAQ DAX SPX
OANDA:DE30EUR
by TradingIndian
Daily analysis and day trading setups on DAX Ger30 20220816Happy Tuesday, Line in the sand for Dax is 13850. However, for the rally to continue 13900 has to break. Bulls need to defend 13810 & 13780. Bears need to take out 13730 Macro : EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI Buy Break: 13860, 13920, 14010, 14070 Reversal: 13800, 13740, 13690, 13600 Sell Break: 13820, 13760, 13710 Reversal: 13945, 14030, 14085, 14120, 14150 Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:DE30EUR
by TradingIndian
DAX broke above the 1D MA100. Important Lower High test.The German Index DAX (FDAX) is attempting today a 1D candle closing above the 1D MA100 (green trend-line) and if successful it will be the first since June 07. Despite the bullish short-term action, this is not the time to double down on buying as the January 05 Lower Highs trend-line (1) is right above, providing Resistance. On top of that, the 0.382 Fibonacci retracement level is at 13855. Only a break above the LH (1) can justify further buying, targeting the 1D MA200 (orange trend-line) and the 0.5 Fib. Until then, it is likely to see a rejection and short-term pull-back to test the 1D MA50 (blue trend-line) as Support. Note that if the index breaks above the 1W MA50 (red trend-line), we can claim that the trend will turn bullish on the long-term. A strong sign that we may be turning bullish on the long-term is the fact that the RSI on the 1W time-frame is on Higher Highs since March 21 with the price rebounding after the Double Bottom. We saw the exact opposite formations right before the 2022 correction started. Price formed a Double Top while the 1W RSI was on Lower Highs. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!
by TradingShot
3