DAX: Bull flag breakout, or has the high been seen?The DAX is set to open lower, but there are two potential scenarios to monitor; a bullish breakout from a bull flag – or the swing high has already been seen around trend resistance.
The DAX has rallied from the September low in three waves, which could either be part of a new bullish trend or part of a 3-wave retracement. If we look at price action alone, the rally from 12,000 has been strong and a potential bull-flag is forming. Should we see prices break above 13,000 then we’ll assume the bullish trend is set to continue.
But there are two potential flies in the ointment which could scupper such a break higher. The rally has been seen on declining volumes, which suggests the ‘rally’ is corrective and not impulsive. Furthermore, the bull flag remains stuck beneath trend resistance. And given we recently saw a -bar reversal on the four-hour chart within the supposed bull flag, we are on guard for a break beneath yesterday’s low to assume bearish continuation.
Daxshort
DAX Breakout or Breakdown?The DAX has rallied significantly since the end of September after touching a major support range at 11,550 - 11,850 - the area that price bottomed in November of 2020
It is now pressuring the downtrend extending from the yearly highs and could be poised to break higher
A convincing close above downtrend resistance would provide a great buying opportunity with near-term targets at 13,570 and 13,950
However, if trend resistance holds firm, a continued downside push looks likely, with a great opportunity to sell and chase price back to yearly lows
Jamie Gun2Head Trade - Selling DaxTrade Idea: Selling Dax
Reasoning: Bearish outside day, looking for selloff to be extended
Entry Level: 13682.0
Take Profit Level: 13512.0
Stop Loss: 13724.0
Risk/Reward: 4.05:1
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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 >>>
DAX with a clear bearish trendThe DAX is in a clear bearish trend and there seems little that can support the idea of upside, one bullish thought might be the fact that the EUR is weak and that could help with exports for the German industry, but with inflation being so high globally and supply chains being so disrupted I highly doubt this will help the German industry generate an income since so many of their companies are on the verge of a shutdown...
The image in Germany is not pretty and as it seems we will only continue to face further problems.
Price action is king right? Well if we take a look at this weekly chart all I see is reasons to sell... like... hell!
Constant lower lows since the H&S pattern formed at the ATH, a clear rejection of a reversal at that double top which formed at the end of May and a new weekly low followed right after that rejection.
It seems for now that we are heading towards the 11650 zone for the DAX.
DAX Will Keep Falling! Sell!
Hello,Traders!
DAX is trading in a downtrend
And the index has been stuck in a range
For quite some time, but we are bearish biased
Thus, after the bearish breakout we will be expecting
The index to go further down
Sell!
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See other ideas below too!
DAX (Ger30) likely to fall with other indices!Hey tradomaniacs,
technically we are getting a nice chance to short DAX30 as price has hit a strong resistance-zone inside the trendchannel.
Fundamentals:
Market only pushed up as Jerome said 0,75% hikes are not considerable. Marked enjoyed that as it would have been the only surprise that wasn`t really priced in, but a rumor
or expectation by some banks.
Nonetheless - It doesnt change the tight policy.
Yap.. I expect Dollar to keep pushing as nothing has changed.... ECB stays dovish while FED freaks out and fights inflation.
Not good for the globale stock-market..
What do you think?
DAX, Do you agree QM ??Hello everybody
We back with another analysis of index , As you can see after the price fall down we should wait for some correction and now in correction level we are making a QM as you can see on chart and we need to wait to take acceptance in the resistance level that we shown on chart and then take signal in lower time frame for entrance and take in position.
I think everything was shown on chart exactly and the trader know what should be do in this analysis :D :D :D :D
If you have any question send us messages
Good Luck
Abtin
DAX Week ahead. High probability!!!Hello Traders
Here is an idea to trade the German Index next week.
Last Wednesday we saw a break through the neckline. If someone missed this chance to go short, there will be another two chances next week. One at the resistance between 14300 & 14330 and the second at 14200. TP is at 13700 - 13750.
Good Trades!!!
DAX index (DAX) | The best goal to fall🎯Hello traders, DAX in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the count we had, the main waves 1, 2 and 3 were formed.
But first we examine wave 3 and then we say the conditions of wave 4.
In wave 3, the principle of periodicity is well observed, but wave 5 of wave 3 is not structurally and relatively normal, and this makes us suspect the beginning of the main wave 4 to some extent.
However, as we said before, breaking the line is a confirmation of the start of Wave 4.
Wave 4, considering the original Wave 2, which did not have a very long and deep correction, probably includes these features.
Given the current motions of wave 4, we see it as zigzagging and ultimately structurally complex,
We assume that this downtrend needs to be corrected, which in the first stage of this correction takes place in the same range.
If the price moves to the midline of the channel, the waves are in the form of five waves, but moving to the ceiling of the channel will probably be a complex structure.
In case of complete break of Fibo 0.5, correction will be done in the second stage, ie Fibo 0.618, and this time the five-wave structure will be confirmed.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️