Daily analysis and trade setups on DAX Ger30 20220810Happy Midweek, Happy CPI Day,
As mentioned in yesterday's analysis, DAX not being able to hold above 13680 was ominous
Now a sustained move below 13440, break of 13300 will open it up to 12920. Will it happen today, we will see
It still has chance to gain back above 13680
13530 is the line in the sand today
Macro : DE HICP, US CPI
Buy
Break: 13550, 13630, 13685, 13740
Reversal: 13450, 13390, 13350, 13280, 13220
Sell
Break: 13460, 13400, 13370, 13300
Reversal: 13645, 13690, 13750, 13810, 13840
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daxanalysis
Daily analysis and trade setups on DAX Ger30 20220809Happy Tuesday
Macro: US Nonfarm Productivity, Unit Labor Costs
DAX not being able to hold 13680 and reach for 13780 is very ominous
The consolidation continues with no direction yet.
Line in the sand today is 13660
Buy
Break: 13640, 13760, 13840, 13860
Reversal: 13640, 13450, 13390, 13325, 13200
Sell
Break: 13650, 13550, 13460, 13400
Reversal: 13775, 13840, 13875, 13930, 13975
Green Goblin levels are here >>>
Confluence chart is here >>>
Daily analysis and trade setups on DAX Ger30 20220808Happy New Week, Happy Monday,
Nothing significant on economic calendar today. With academic vacation & summer in full swing, markets may range unless some geopolitical development happens.
DAX is likely to 13580 & 13770. Breaking of those H or L will bring some movements.
Today's line in the sand is 13620.
Buy
Break: 13680, 13750, 13820
Reversal: 13575, 13540, 13470, 13410, 13330
Sell
Break: 13610, 13585, 13550, 13480, 13420
Reversal: 13700, 13770, 13830, 13900, 13975
Green Goblin levels are here >>
Confluence levels are here >>
Daily analysis and trade setups on DAX Ger30 202200805Happy Friday, Happy NFP Day,
Macro : US NFP
DAX's line in the sand today is 13600 - yesterday's low. Bulls need to defend that and close above 13670.
Buy
Break: 13690, 13725, 13770
Reversal: 13600, 13570, 13500, 13450, 13390
Sell
Break: 13620, 13560, 13490
Reversal: 13680, 13720, 13750, 13850, 13930
Green Goblin levels are here >>>
Confluence Fib levels are here >>>
Daily analysis and trade setups on DAX Ger30 20220804Happy Thursday & Happy BOE day
Dax bulls are eyeing 13925 now but they will need to defend 13450. Near & below that level, things may change.
Macro: EUR Economic Bulletin, ECB Elderson Speech, GB BOE (everything), US Trade Balance, Jobless Claims, Fed's Mester Speech
Our pivotal level today is at 13600.
Buy
Break: 13670, 13725, 13760, 13820
Reversal: 13580, 13530, 13480, 13440, 13410, 13360
Sell
Break: 13580, 13550, 13490, 13450
Reversal: 13700, 13760, 13800, 13860 13920
Green Goblin levels are here >>>
Confluence chart is here >>>
Daily analysis and trade setups on DAX Ger30 20220803Happy Midweek.
The Gandalf line for DAX is currently at 13300. Bulls are in-charge but still very fragile. Today's macro can break them.
It has always been my experience that when price action approaches Big Brown levels, it gets into consolidation because it is decision time. Currently that level is 13440 (B)
Macro: DE - Trade Balance, BME PMI, EUR - PMI, Retail Sales***, US - PMI, Factory Orders, Services Employment Index, New Orders, PMI***, Prices Paid
Today's pivotal level is at 13415. Buy above. Sell overbought above. Sell below. Buy oversold below
Buy
Break: 13490. 13535, 13600
Reversal: 13415, 13370, 13300, 13260, 13200
Sell
Break: 13420, 13375, 13310, 13260
Reversal: 13490, 13540, 13600, 13695
Green Goblin levels are here >>>
TIFibs confluence levels are here >>>
DAX: Deep BreathDAX should draw a deep breath because it has quite the way downwards coming up. We expect the index to head for the support at 12425 points, crossing it to dive into the green zone between 12140 and 11150 points, where it should finish wave 2 in green. Afterwards, DAX should take off again, climbing not only back above 12425 points but also above the resistance at 13682 points. There remains a 33% chance, though, that the index could surmount the resistance at 13682 points earlier already.
Daily analysis and trade setups on DAX Ger30 20220802*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. ***
This is likely to be relatively quiet day unless some news appears. Practically entire Europe is now in vacation mode. Volumes are very thin and hence ticks can be jumpy.
DAX is on a retracement journey. So potential retracement levels are 13350, 13290, 13230 & 13140
If it breaks above 13450 and shows the momentum then next potential levels are 13580, 13690, 13780 and 13840
Macro: US Fed Evans Speech
Today's pivotal level is 13400. It remains bullish on the day above that and bearish below
Buy
Break: 13440, 13495, 13530, 13570, 13610
Reversal: 13340, 13260, 13200, 13170
Sell
Break: 13390, 13320, 13250
Reversal: 13500, 13610, 13720
Green goblin chart is here >>>
Confluence chart is here >>>
Daily analysis and trade setups on DAX Ger30 20220727First of all, Happy Volatility Day
DAX/GER30 is still playing around Chop Zone but everything changes (perhaps) at 13:30 UK / 14:30 EU / 8:30 NY
Blue zones B, C and brown mega zone B are in play. Break above Brown Zone B will change the course of the market
Buy
Break: 13270, 13350, 13440, 13600
Reversal: 12990, 12910, 12830, 12750, 12670, 12630
Sell
Break: 13100, 12920, 12830, 12750, 12925
Reversal: 12340, 13440, 13590, 13840
Only zone chart is here >>>
For more precise levels, here is the Green Goblins chart >>
Confluence chart is here >>
Jamie Gun2Head idea - Buying DAXTrade Idea: Buying DAX
Reasoning: Dax had a nice move higher, following a consolidation we are looking for a move back to resistance.
Entry Level: 13165
Take Profit Level: 13337
Stop Loss: 13117
Risk/Reward: 3.58:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Daily analysis and trade setups on DAX Ger30 20220725Dax is at a pivotal point. Brown Zone B is in strong play. I think it will go where the US markets go. Wednesday's FOMC will keep markets in a tight range.
Macro movers: Germany business climate index
For immediate direction, as far as it remains above 13100, it is in bullish zone.
Blue zones C and B are also in play.
Buy
Breaks: 13225, 13270, 13350,
Reversals: 13100, 12990, 12900, 12830, 12750, 12670, 12620
Sell
Breaks: 13080,12970, 12920, 12850
Reversals: 13370, 13440, 13480, 13550, 13600
For more precise levels, here is the Green Goblins chart >>
www.tradingview.com
Confluence levels are here >>
Daily analysis and trade setups on DAX Ger30 20220722DAX is likely to consolidate today. However, PMI data might change that and make it directional
Blue zones B, C and mega zone Brown B are in play today.
Break below 13100 can drop DAX to 12800 and below
Break above 13300 can take DAX to 13600 and above
Buy
Breaks: 13220, 13270, 13350, 13450
Reversals: 13050, 12960, 12900, 12820, 12700
Sell
Breaks: 13160, 13100, 12990, 12925. 12825
Reversals: 13270, 13380, 13475, 13630
Chart with Green Goblin levels >>>