Yesterday, we published an analysis of the DAX and we were with buying and we set three goals. The first goal was achieved and the market reversed, but we are still with buying the DAX in this area.
DE30EUR - 24h expiry Posted Mixed Daily results for the last 2 days. Overnight losses have been limited. We are trading at overbought extremes. There is no clear indication that the upward move is coming to an end. 15956 has been pivotal. A break of the recent high at 15956 should result in a further move higher. The bias is to break to the upside. We...
H4 - Bullish convergence. Currently it looks like a pullback is happening. No opposite signs. H1 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
Yes, 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...
GER40 - 24h expiry Intraday signals are mildly bearish. Trend line support is located at 15700. Preferred trade is to buy on dips. Prices expected to stall near trend line support. We look for a temporary move lower. We look to Buy at 15713 (stop at 15613) Our profit targets will be 15963 and 16013 Resistance: 15800 / 15900 / 15960 Support: 15772 / 15700...
We successfully reacted from the golden box, where I placed a long trade. Looking for further upside into wave {i} as we seem to find bullish structure. Check out the linked idea on the DAX where you'll see my prediction before the bounce! Feel free to ask me questions, trade safe!
I am looking at the possibility of a potential flat in wave 2 as we keep falling in what could be a wave {c}. Equality of wave {c} vs.{a} is where I would like to start seeing some support and that would be at the beginning of the golden box. Feel free to ask question, trade safe!
Everything has been moving as expected from the last forecast. We successfully took profit on wave (v) and now we seem to be in wave {ii}. Feel free to ask questions, trade safe!
Textbook move in the dax as we have resumed higher as expected, in the linked forecast from last week. Looking for further upside if the count proves to be correct, otherwise we can look for a double correction lower into wave {c} or {y}.
As you can see from the chart, elliott wave analisys suggests a further upside movement for DAX40.
GER40 - Intraday - We look to Buy at 13867 (stop at 13787) Levels below 13860 continue to attract buyers. Trading has been mixed and volatile. Expect trading to remain mixed and volatile. A lower correction is expected. Our profit targets will be 14066 and 14096 Resistance: 14083 / 14160 / 14200 Support: 14000 / 13960 / 13860 Risk Disclaimer The trade...
GER40 - Intraday - We look to Buy at 14433 (stop at 14364) Intraday signals are bullish. Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. The trend of higher lows is located at 14430. We look to buy dips. Our profit targets will be 14598 and...
GER40 - Intraday - We look to Buy at 14481 (stop at 14399) We are trading at overbought extremes. There is no clear indication that the upward move is coming to an end. Daily signals are bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 14478. Our profit...
GER40 - 11h expiry - We look to Buy at 14041 (stop at 13954) Our short term bias remains positive. We look to buy dips. 20 4 hour EMA is at 14033. Our profit targets will be 14258 and 14298 Resistance: 14330 / 14400 / 14500 Support: 14170 / 14100 / 14000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not...
GER40 - 13h expiry - We look to Buy a break of 12816 (stop at 12739) Short term bias has turned positive. A break of bespoke resistance at 12800, and the move higher is already underway. There is no clear indication that the upward move is coming to an end. Our profit targets will be 12997 and 13047 Resistance: 12800 / 12900 / 13000 Support: 12700 / 12600...
GER40 - Intraday 9pm UK expiry - We look to Buy at 12534 (stop at 12444) Short term bias has turned positive. A lower correction is expected. Bespoke support is located at 12500. We look to buy dips. Our profit targets will be 12744 and 12794 Resistance: 12900 / 13000 / 13100 Support: 12800 / 12700 / 12600 Risk Disclaimer The trade ideas beyond this...
GER40 - Intraday - We look to Buy at 12182 (stop at 12098) With signals for sentiment at oversold extremes, the dip could not be extended. A bullish reverse Head and Shoulders is forming. Bespoke support is located at 12000. We look to buy dips. The bullish engulfing candle on the daily chart is positive for sentiment. Our profit targets will be 12379 and...
GER40 - Intraday - We look to Buy at 12901 (stop at 12829) We look to buy dips. We look for a temporary move lower. We are trading at oversold extremes. Bespoke support is located at 12900. Our profit targets will be 13078 and 13118 Resistance: 13100 / 13200 / 13300 Support: 13000 / 12900 / 12800 Risk Disclaimer The trade ideas beyond this page are for...