DAX - Alert for potential longRSI - SMA is close to signaling a "buy". If the price stays the same or higher by end of the day. If this happens target is the upper triangle line (blue line) and the second target will be around 15950 points.
What do we don't want to see for confirming our "long strategy": A closing below the SMA (9)
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Dax40
GER40 Buy the oversold correction.GER40 - Intraday - We look to Buy a break of 15276 (stop at 15204)
We are trading at oversold extremes.
A break of 15270 is needed to confirm follow through bullish momentum.
20 4hour EMA is at 15470.
We look for a temporary move higher.
A lower correction is expected.
Our profit targets will be 15477 and 15517
Resistance: 15270 / 15400 / 15500
Support: 15100 / 15050 / 15000
GER40 Sell the previous support.GER40 - Intraday - We look to Sell at 15694 (stop at 15751)
Previous support at 15700 now becomes resistance.
Our short term bias remains negative.
20 4hour EMA is at 15700.
Preferred trade is to sell into rallies.
Our profit targets will be 15541 and 15511
Resistance: 15600 / 15650 / 15700
Support: 15500 / 15450 / 15400
dax daily: 3 place for next low we have other gap in 15250
EMA200 daily ( big orange line can be next low
if red trend line break, dax can fly up to new high around 16555
if 14800 low break(10% possible) = + trend switch to down trend
if you buy above 3 green arrow,dont close them soon , hold them to high (minimum 16000)
our SL and trailstop on dax is always 40 point
if you have big buy (dont put SL in low) you can hedge your buy near red arrow 15570(sell size=0.5*total buys)
dax have buy now, dont fear pick buy and hold 15 day dax fill gap now , pick low size buy above green arrow and dont close it soon ,dax target 1 is fibo 61% next target is (cash xetra dax) gap near 16200
if you have fear for buy,wait 1hour or 4hour or daily pinbar apear ,then pick buy and put sl under pinbar low
good luck
DAX is approaching its bottom. Which indicators to look at.DAX has been trading for long within a very specific set of indicators that have very accurately signaled tops and bottoms. The top was eventually priced as per our update earlier this year:
The signs of exhaustion were clear at the time. It wasn't just the fact that the index was trading near the top of its Channel Up but also the 1D CCI indicator entering its long-term Resistance Zone.
Right now, if the index doesn't find support today on the Internal Pivot line, look for two things then: a candle wick below the 1W MA50 (red trend-line) and mostly the CCI hitting its Support Zone.
Once the above parameters are met, our next target on DAX will be the 16400 - 16600 Zone (the 1.236 Fibonacci extension as with the November 19 High).
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3 place we must put buy limit we are waiting for buy dax near 15620 ( gap + fibo 61%) winrate =90% sl=14940 wait time=min 10 day
SECRET=DAX love pullback ,touch fibo 61%
keep monitor AC accelator occilator on 4hour and 30min
if you have sell , 100% put hedge buystop in 16010(break trendline mean + trend will start
let see cash xetra dax chart, gap
witch gap will fill , 70% dax want fill 15600 old open gap
100% above green arrow put buylimit,after open hold it 14day (dont close soon) , we put buylimit on 15600 too
secret of dax= dax in way to 17200 (fibo 161% weekly chart show 17200) so above EMA200 daily 90% looking for buy
good luck
DE40 Sell a break setup.GER40 - Intraday - We look to Sell a break of 15947 (stop at 15994)
Trades with a bearish descending triangle formation.
A break of yesterdays low would confirm bearish momentum.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of bespoke support at 15950, and the move lower is already underway.
Our profit targets will be 15822 and 15802
Resistance: 16000 / 16050 / 16100
Support: 15950 / 15900 / 15800
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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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