DAX waving a short-term buy signal againFollowing our most recent DAX update, the price did eventually yield to its signs of exhaustion and pulled-back:
The pull-back extended as low as the 1D MA50 (blue trend-line) yesterday where it found support and is rebounding today. This could be a short-term buy signal again, the technical overlay was explained on the previous update. As you see this is similar to the 1D MA50 rebound of October 29 which also came close to the Internal Pivot trend-line and pushed the price to its final blow-off top just below the 2.0 Fibonacci extension. A Target Zone within 16400 - 16600 as the new blow-off top is realistic.
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Dax40
dax= buylimit above green arrow with sl=40 trailstop=80
despite dax little down move , it can fly up again , our old target is 17200 for dax
technicaly dax must fill big gap in 15600 (cash dax gap) but + trend pressure is very high , so reach 15600 need big bad news
if you have old sell , hedge it near EMA200 1 hour (green line)
if you have open buy , put SL on today low and wait 5-6 day to new high
if you have hedge buy,sell , never close buy frist ok? , in deep(low) move SL to your sell open price , then shot down your platform, go sleep 7 day , then in high near 16500 , close your buy
if you are in above -5000$ loss , please pm me
DAX waves signs of exhaustion. Top might be near.I've been bullish on DAX for a very long time as the Rising Wedge and Channel Up patterns prompted to Higher Highs ever since April 2021:
However, the German index seems to be forming a pattern that based also on the 1D CCI, was previously seen just before market tops (i.e. Higher Highs on the pattern). As this 1D chart shows, the price just entered the CCI Resistance Zone that has been holding throughout the whole of last year. On two occasions (July 13 2021, August 12 2021) the CCI top matched with direct market tops. On the other two occasions (May 24 2021, November 03 2021), it made the price consolidate (orange circles) and made one last (blow-off) top 15 and 12 sessions later respectively.
The above means that we've either topped or will top within the next two weeks. Potential peak points include 16400 (top/ Higher High of the Channel Up) and 16600 (just below the 2.0 Fibonacci extension level as it happened with the November 19 Top). In either case, a strong pull-back towards the 1W MA50 (red trend-line) should be expected.
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DE40 Sell the previous support.GER40 - Intraday - We look to Sell at 15448 (stop at 15516)
We have a Gap open at Monday from 15472 to 15360.
Previous support at 15450 now becomes resistance.
We look for a temporary move higher.
Daily signals are bearish.
Our profit targets will be 15251 and 15221
Resistance: 15300 / 15350 / 15400
Support: 15200 / 15150 / 15100
DE40 Buy at 20 EMA.GER40 - Intraday - We look to Buy at 15821 (stop at 15757)
Daily signals are mildly bullish.
Short term momentum is bullish.
Previous resistance, now becomes support at 15800.
20 4hour EMA is at 15820.
We look to buy dips.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 15997 and 16017
Resistance: 15900 / 15980 / 16000
Support: 15800 / 15750 / 15700
DE40 Buy the previous resistance.GER40 - Intraday - We look to Buy at 15961 (stop at 15904)
Daily signals are mildly bullish.
Short term bias is bullish.
Dips continue to attract buyers.
Previous resistance at 15950 now becomes support.
20 4hour EMA is at 15933.
Our profit targets will be 16116 and 16136
Resistance: 16100 / 16150 / 16200
Support: 16050 / 16000 / 15950
DAX - Intraday long reversal Bouhmidi-BandsToday we had a chartbook daytrading signal using the Bouhmidi-Bands. After testing the lower Bouhmidi-Band the market directly reversed to the upside into in BB-Bandwidth.
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Do you want to know more about the BB and apply them on your TV-Charts? Check my script here:
we have open gap in down 15588 on cash xetra dax as predict before dax touch fibo 61%( dax love it too much) in coming days dax must go down and fill this open gap
advice = sell dax near fibo 61% with sl = high or 40 point with tp near 15588 and buylimit above gap (with sl=40 or support)
check cash xetra dax chart XETR:DAX
dax reach its low,now going to high frist target of dax is new gap around 15477 , then upper gap in 16100 (on red arrow we can pick sell but with SL =40 trailstop=40 point
AC 4hour now is green = mean + trend 80% can start
if you have old buys , put hedge sellstop in 14800 ,dont fear dax daily chart trend is very +++ , it will see 16100 soon or late ,so dont fear ,,,, if your loss is very big , contact me
advice = be carefull from pick sell , dax each second can fly up , 100% put SL on high
good luck
for coming week : dax ready to fly updont fear put buystop on 15620 (above EMA200 1hour) , soon or late dax must fill gap in 16100 , fibo 161% show dax can go up to 17000 area
strongly advice= dont sell , 99% looking for buy in deep with sl in last low (on 1 hour chart)
if you have old sell, 100% close sells in monday low or hedge your sells
if you have old buys,, be patient until gap on cash xetra dax 16100,dont close sooner
DAX Emerging MA50/MA100 Bullish Cross on the 4H.DAX appears to have completed the short-term profit taking pattern as presented last week on the following analysis:
The 1D MA200 held and the index can now resume the uptrend towards the top of the long-term Channel Up. On today's analysis I shift focus to the 4H time-frame where the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) are close to forming a Bullish Cross. Last time that happened was in October 20 and resulted in a massive rally to 16300.
All the price needs to do is clear the 4H MA200 (orange trend-line) which rejected the rebound today and break this short-term Bearish Megaphone. At the same time the 4H MACD just printed a Bullish Cross as well, while the Higher Lows trend-line from the November 30 market bottom is holding firmly. We are looking for a medium-term rise around the 1.5 Fibonacci extension (16300).
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dax next up target is 16100today AC 4hour was red , dax little can go down but its target is gap on 16100
advice=above EMA200 daily looking for buy in deep, dont pick sell , dax can fly up to 17200(end year rally )
if you have buy ,put SL or hedge sellstop in 15180
if you have sell , close it near 15500 and pick buy ,hold 15 day
ALERT= dax going to 17200 , dont pick sell until 17000on daily chart ,fibo 161% show dax upper target is around 17200
if you have sell , close all now or put hedge buystop on today high
if you have buy , be patient 10-15 day
still we advice looking for buy in deep and hold it to new high end of year + rally start now
DAX: Primary Push?The DAX has excellently recovered from its low and is celebrating it with some great runs. However, within the blue box, where the index is currently located at, there is a high chance that this current surge is only short-lived. With a chance of 40%, the course might drop all the way down to the pink area.
Don't be too fast!
DE40 Sell a break setup.GER40 - Intraday - We look to Sell a break of 15985 (stop at 16044)
Short term momentum is bearish.
We are trading at overbought extremes.
A higher correction is expected.
Bespoke support is located at 16000.
A break of 15985 is needed to confirm follow through negative momentum.
16300 has been pivotal.
Our profit targets will be 15818 and 15798
Resistance: 16100 / 16150 / 16200
Support: 16050 / 16000 / 15950
DAX Buy Signal long-termPattern: Channel Up on the 1D time-frame
Signal: Buy as the price hit and held the Higher Lows (bottom) trend-line of the Channel, while hitting the 1W MA50 (red trend-line) for the first time since November 2020. Also the CCI bounced off its multi-month Support Zone.
Target: 16500 (just below the 1.236 Fibonacci extension).
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DAX Correction in Weeks Today Moderna CEO Predicts Less Effective Vaccines For Omicron Variant and it showing negative impact on Future Markets, if we look DAX it already broke it's trend line after 2020 Rise, but now on bear side it's very near to it's weekly support line to break.
All we can do wait to see how deep this correction can go not good time to invest yet in my opinion.
dax breakup can happend if high break despite ww have 2 gap in down , dax creating box range now , this mean if break range box , will breakup
personaly belive = 70% dax will see 15700
but if break range can fly up to 16300
advice= like last 30 day=dont pick sell signals,looking for buy in deep with SL=40 or low
if you have old sell,put SL on high or hedge buystop
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