Heading into pullback resistance?DAX40 (DE40) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 19,198.60
1st Support: 18,949.40
1st Resistance: 19,439.34
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Daxanalysis
DAX looks unwell at these highsIt's been a tough few weeks for the DAX. But if the bearish reversal pattern on the daily chart comes to fruition, things could get a worse. I also factor in price action clues on the monthly candlestick chart, which again suggests things could deteriorate further before they get better.
MS.
DAX/GER30-40 - ALL THE WAY FOR RECOVERYTeam,
it has been a while since we are trading this.
Yesterday we did not post, we tried, but hit stop loss
then later I got all the money back as I expect the target hit. but we were using very tight stop loss, no room for movement
Today we are entering between 19050-19060 with STOP LOSS at 19035
Target 1 - 19086-95
Target 2 - 19126-335
Target 3 - 19211-19230
Please NOTE: once the price hit the 1st target, bring STOP LOSS TO BE. REMEMBER to take partial profit.
EUR/USD: PAT + VPA 10/21/2024Good morning,
I will be monitoring the daily candle close today, anticipating a bullish pullback or reversal to develop over the next few weeks.
Several indicators have pointed to this:
1. The weekly chart has surpassed the previous high established on December 25, 2023. Currently, the price is attempting to retest the Demand zone that led to the breakout of that high..
2. The weekly demand zone is identified between 1.0775 and 1.0825. Pay attention to the key level at 1.080, as it appears to be setting up as a robust support level for the currency pair.
3. The market has declined approximately 400 points since September 27, 2024, showing minimal pullbacks on a daily basis. Notably, this price drop has formed a double top without a genuine next line test. I anticipate that prices will rebound to around 1.100 in the coming weeks. A break below 1.100 could trigger a long-term retracement back to the highs at 1.200.
Volume signature indicates that market makers are gradually exiting the trend. The weekly outlook remains bullish and is expected to dominate. It's important to note that the weekly chart is currently retesting the bearish flag it broke out of between June 24, 2024, and August 19, 2024.
TVC:DXY
OANDA:EURUSD
XETR:DAX
GER/DAX finally hit an entry level. Team,
ENTRY long DAX at 19325-35
STOP LOSS AT 19285
Target at 19375
target 2 at 19405
Target 3 at 19445
Once it hit first Target, take 50% partial and bring stop loss to BE.
DAX/GER - time for break outMy stop loss is at 19315
entry short position now at 19280-19267
target at 19208
target at 19087
NOTE: MUST have a stop loss
currently, break the resistance
hopefully good break out
DAX/GER HURRY FOR LONG Team, found DAX good entry LONG at 18883
stop loss at 18842
target at 18921
18953
Once it breaks 18905, bring stop loss to B
SHORT DAX/GER40 - entry price NOWTeam, GER30 has enter our short position,
STOP LOSS AT 18991.70
SHORT PRICE AT 18934-18926 RANGES
TARGET 1 AT 18872.4
TARGET 2 18770.6
PLEASE NOTE: once the price reach first target - take partial and bring stop loss to 18858.7
SHORT THE DAX AT MARKET PRICE 18865Team, we are shorting DAX at market price 18865
STOP LOSS at 18930.20
Target 1 - 18826 - bring stop loss to BE once the price is reached
Target 2 - 18771
Target 3 - 18724
Germany DAX30 buy analysisAs the price didn't react to the area of value in 1H TF, So I think it is possible that the price come down again to touch our entry but it should NOT close below the low.
I'm waiting for a lower candle shadow that trigger our entry and then go up again.
we can set an order or wait for price to come to our zone and then look for a CHoCH in lower TF and then find an entry with more confidence.
Let's see what happens...
Dax Long position setupWe had a BOS to the down and then a CHoCH to the top.
Now we have to wait for a pullback, and I think this area has its potential to set an order.
This setup is in 4H TF, so also we can wait for the price to come into our area of interest and then wait for a CHoCH in lower TF like 15m TF and then find another entry zone...
DAX30/GER30 PREPARE TO SHORT ONCE THE PRICE HITTeam, I am waiting for the price to move toward our position to short.
We are considering shorting once the price hits below 18703-18697. The current price is at 18720
We assume the stop loss at 18775, but a safer stop loss level would be at 18817
Our target would be 18619.4. Please reduce or take profit from 50% to 70% of your volume at this price and trail your stop loss toward BE.
And second target is 18526
German DAX30 buy setupAfter BOS to the top, now it's time for the pullback and I think this area has potential to set a buy order.
Lets see what happens...
SHORT DAX40/GER30 AT CURRENT MARKETWe are shorting DAX at 18646.8 with a stop loss at 18741
target at 18546
Once the price hit below 18600, trail stop loss to BE level.
SHORT DAX40 at the current market price Team we are shorting the at the current price of 18556, you can use stop loss at 18613 or 18684
Target 1 at 18511.2
target 2 at 18422
target 3 at 18383
Please note: once the price hit the first target at 18511.1 take 50-60% volume
trail your stop loss to 18613. There will be a consolidated period between 18480-18555, so please be aware
Germany DAX 30 sell setupI think we can enter this position with market price execution.
Please consider the risk management.
Goodluck
LONG ENTRY DAX/GER40 at the current marketTeam, earlier today, we were predicting further down trend toward 18480. However, we wait for the price confirmation entry. we are long at 18573, stop loss at 18472.
Target 1 at 18692.80
Target 2 at 18809.20
Once the price break hit first target - take 50-70% partial and trail your stop loss to BE (entry level.)
DAXPair : DAX Index
Description :
Symmetrical Triangle as an corrective pattern in Long Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Bearish Channel as an Corrective Pattern in Short Time Frame
DAX Short Term Sell IdeaH4 - Bearish trend pattern
Currently it looks like a pullback is happening
Until the strong resistance zone holds my short term view remains bearish here.
