DOW JONES TRADE IDEAUS30 was bullish through out last week, we also had NFP news last week which was also bullish. We should expect strong retracement to the downside.
Dax40
NASDAQ 100 TRADE IDEAWe had Massive buys on Nas100 through out last week which was also NFP news. We should expect strong retracement to the downside after price should take resistance at 15218.00 or continue to sell to the downside.
DAX Elliott Wave Analysis for Monday 06/11/2023 (+ Higher TF)In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure.
DOW JONES TRADE IDEA US30 has been on a bullish trend since Monday trading session. We have NFP NEWS today and we should expect strong bearish candles at 13:30. US30 is at a strong resistance level, we should expect one more push to the upside and see strong bearish candles before the close of the market.
DAX Elliott Wave Analysis for Friday 03/11/2023In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure.
DOW JONES TRADE IDEA US30 has been on a bullish trend since the start of the trading week. US30 should continue to the upside to take resistance before the open of the NY trade session. We should expect strong bearish candles during the NY trading session till the close of the market. Remember to trade with caution as we expect the NFP on Friday and price could move with unexpected volatility at any point in time.
NAS100 TRADE IDEA NASDAQ 100 was on a bullish trend yesterday trading. we had Fed Interest Rate Decision and FOMC statement as news yesterday, we still have NFP on Friday so we should expect volatility at any point in time. we should see NASDAQ 100 pump to the upside to take resistance before the NY trade session and expect strong bearish candles after the NY session and toward the close of the market.
DAX Elliott Wave Analysis for Thursday 02/11/2023In the higher time frame, we are working on a wave ((2)) correction down. The primary scenario is now suggesting that wave ((2)) is unfolding as an ABC. The five waves down from the ATH might also indicate a bearish expanded flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete. We didn't get our move down yet so the market might surprise us with an expanded flat structure. The expanded flat structure also fits in the secondary scenario as a wave X.
DAX Elliott Wave Analysis for Wednesday 01/11/2023In the higher time frame, we are working on a wave ((2)) correction down. The primary scenario is now suggesting that wave ((2)) is unfolding as an ABC. The five waves down from the ATH might also indicate a bearish expanded flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete. We didn't get our move down yet so the market might surprise us with an expanded flat structure.
DOW JONES TRADE IDEA US30 close yesterday with over 1% bullish candles. we should expect strong retracement to the downside before the open of the New York session at 15:30.
DAX Elliott Wave Analysis for Tuesday 31/10/2023In the higher time frame, we are working on a wave ((2)) correction down. The primary scenario is now suggesting that wave ((2)) is unfolding as an ABC. The five waves down from the ATH might also indicate a bearish expanded flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete. We didn't get our move down yet so the market might surprise us with an expanded flat structure.
DAX Elliott Wave Analysis for Monday 30/10/2023 (+ Higher TF)In the higher time frame, we are working on a wave ((2)) correction down. The primary scenario is now suggesting that wave ((2)) is unfolding as an ABC. The five waves down from the ATH might also indicate a bearish expanded flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete.
$DAX fourth Elliott Wave is still aliveTVC:DEU40 is testing the fourth wave confluence of the support 14500 and a bounce from here will lead us higher in the fifth wave
DAX Elliott Wave Analysis for Friday 27/10/2023In the higher time frame, we have completed a WXY correction but as forecasted this was not yet the wave (2) low. The lower time frame was showing corrective price action indicating more wave (2) downside. Several bearish scenarios can be considered because we took out the 04/10/2023 low.
DAX Elliott Wave Analysis for Thursday 26/10/2023In the higher time frame, we have completed a WXY correction but as forecasted this was not yet the wave (2) low. The lower time frame was showing corrective price action indicating more wave (2) downside. Several bearish scenarios can be considered because we took out the 04/10/2023 low. In the lower time frame, before going down, we might see some upside as a wave (iv) or wave X.
DAX Elliott Wave Analysis for Wednesday 25/10/2023In the higher time frame, we have completed a WXY correction but as forecasted this was not yet the wave (2) low. The lower time frame was showing corrective price action indicating more wave (2) downside. Several bearish scenarios can be considered because we took out the 04/10/2023 low. In the lower time frame, before going down, we might see some upside as a wave (iv) or wave X.
Critical 4 weeks for DAX Following weekly chart.
The last time when I get a short signal to in weekly chart was 4 weeks before COVID crash. (red area in the chart)
Now I got the same signal and unfortunately this is the most trustworthy signal for me.
I think this 4 weeks are really critical and what I expect is we might way to go to gaps below.
Be careful and be careful!
Don't give up on the DAX just yetYes, the DAX is clearly within an established downtrend on the daily chart. And its drawdown from its record high is relatively shallow at just -11.5% by historical standards - meaning we suspect further losses could be coming.
Yet its failure to break beneath the December high and March low has not gone unnoticed. And given it formed a bullish hammer around these key level with a mild bullish RSI divergence, we see the potential for some mean reversion over the near term.
Keep in mind that we have flash PMIs for the US and Europe today along with a speech from ECB President Lagarde, US GDP, PCE inflation and a Jerome Powell speech also in focus this week. And that leaves plenty of room for volatility for global markets.
DOW JONES TRADE IDEAAfter much bullish candles at the open of the New York session on Monday, US30 continue bullish and toward the close of the market we have massive bearish candles. We should expect strong retracement to the downside breaking the support zones before the open of NY session today.
NASDAQ 100 TRADE IDEAAfter much bullish candles at the open of the New York session on Monday, Nasdaq 100 continue bullish till the close of the market. We should expect strong retracement to the downside breaking the support zones before the open of NY session today.
DAX Elliott Wave Analysis for Tuesday 24/10/2023In the higher time frame, we have completed a WXY correction but as forecasted this was not yet the wave (2) low. The lower time frame was showing corrective price action indicating more wave (2) downside. Several bearish scenarios can be considered because we took out the 04/10/2023 low. In the lower time frame, before going down, we might see some upside as a wave (iv) or wave X.
Will DAX turnaround today?DE30EUR - 24h expiry
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A Doji style candle has been posted from the base.
A break of the recent high at 14920 should result in a further move higher.
The primary trend remains bullish.
We look to Buy a break of 14922 (stop at 14822)
Our profit targets will be 15172 and 15232
Resistance: 14920 / 15000 / 15100
Support: 14780 / 14700 / 14600
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 continues in the downward move.DE30EUR - 24h expiry
Our short-term bias remains negative.
There is no clear indication that the downward move is coming to an end.
15100 has been pivotal.
Bespoke resistance is located at 15100.
The preferred trade is to sell into rallies.
20 4-hour EMA is at 15080.
We look to Sell at 15098 (stop at 15198)
Our profit targets will be 14848 and 14788
Resistance: 14981 / 15100 / 15200
Support: 14916 / 14800 / 14700
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.
