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 >>>
Daxanalysis
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
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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 >>>
Ger30 Bearish Forecast. Look for sells!Hey everyone,
Let's take a look at the market structures and developments on Ger30. First of all the index is strongly bearish which I think the selling pressure will go on in the coming days. The index dropped from its recent high of 14750 after printing a bearish correction. I will wait for the market to correct itself and hopefully provide me with vivid details about the direction and entry. I anticipate that 13250 will be an easiest target.
If you enjoy reading my ideas please leave a like. If you have any question or suggestion be kind to share in the comment section below.
DAX INDEX….TO FALL for 162 pointsPrior to the market crush, I’m expecting the Dax Index to rise to 14100 and expect my further sell to 13900. Fibonacci wise!