FDAX UpdateSeems like Europe is the only market that makes any sense, everything else is pumptarded.
They've had zero interest rates before COVID, so it doesn;t make any sense for them to set new ATH, and they didn;t. Appears to be range bound trading.... We'll see i f it hits the bottom orange line.
Seems to me like it needs to close the vaccine gap now that its approved. Buy the rumor, sell the news.
Fdax
DAX Channel Up or Inverted Head and Shoulders?Pattern: Channel Up on 4H.
Signal: Buy but only if the price breaks above the middle of the Channel again. Otherwise the pattern may turn into an Inverted Head and Shoulders.
Target: 13600 (Higher High trend-line of the Channel Up).
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07/12/2020 #FDAX #DAX30 Weak as it isTrend based on my system: Daily/Weekly/Monthly - Mixed/Mixed/Up
As mentioned on Friday, it is now the weakest indices. If you are a trendfollower, you are probably better off going long US indices, and if you want to short any indices, #DAX30 should be a suitable candidate.
If you believe in mean reversion, then it's a different thing.
My bias zone is 13287-13302.7. Above 13302.7, resistance are 13339 and 13377 should cap high of day. Personally, I won't want to be long today above 13302.7. Below 13287, target 13225, 13167, 13147 and 13115-23. In the event of stronger sell, 13040 should cap low of day.
04/12/2020 #DAX Most bearish indexBased on my system, #FDAX is now the weakest index compared to #FTSE #SPX #NDX #DJIA.
Pointing to more downside. Trend wise (Daily/Weekly/Monthly) is Down, Mixed, Up respectively.
Below blue zone at 13235, look for break of 13199 for 13145, 13103 and 13035 to trade. 13035 should cap low of day, though with further selling we could see 13000 and 12930.
Above 13255, be cautiously bullish, targeting 13287 (strong R) and 13357. 13383 should cap high of day.
FDAX Gap FillBefore people get too bearish because the market is overly pumptarded, a reminder that a few indices have yet to fill the original COVID gap.... and now we have 3 vaccines.
FDAX/iBov (Brazil)/HangSeng (Hong Kong) still need to filll COVID gaps.
Odly, FDAX has a gap underneath as well, so eventually the market will tank. But who knows when.....
18/11/2020 #DAX30 Pretty strong but pullback is healthyYesterday was a ranging day, hitting the highs and lows but trapping both buyers and sellers. But I would say #DAX30 is probably stronger compared to #NDX #SPX #FTSE. Price above my support zone so bias is to the upside but with the consolidation either way is possible. Price is probably preparing for a big move.
Bias to the upside above 13130, targeting 13190, 13238, 13310. 13412 if hit, should cap high of day.
If 13090 breaks, looks for 13072 as 1st support, with below targets as 13000-14, 12940-52. 12860 will be a good level to look for longs.
DAX: New All-time High Coming Soon? 🚀Hello guys,
today I am going to focus on a long-term analysis of DAX.
DAX is a stock index which consists of the 30 biggest companies listed on the Frankfurt Stock Exchange. It does not represent just those 30, but the whole German industry as also other German companies, and their stocks are very tightly knit with DAX.
Simply put – if DAX goes down, then the majority of German companies go down as well (not just the 30).
Price Action analysis
Let’s start with a simple Price Action analysis. In here, I will focus only on one thing – comparing strength of Buyers with the strength of Sellers. This could give us an idea of where DAX could be heading next!
What matters the most is the aggressivity of Buyers vs. Sellers.
Aggressive Buyers or Sellers create strong trends and strong rejections of higher or lower prices.
Let’s have a look at the chart below. In there, I compared aggressivity of Buyers (blue) vs. Sellers (red).
BUYERS:
There are two very strong rejections of lower prices.
The first one is actually super-strong rejection. There was a crazy sell-off but then the Buyers were able to turn the price and push it all the way back where it was before.
The second rejection is also pretty strong and sharp. It occurred only a few days back. It also represents strong and aggressive Buyers who rejected the lower prices.
SELLERS:
So, what about sellers? There was this crazy strong sell-off in February and March, but it already got completely “covered” by Buyers. Those basically negated this whole move.
After that, there was no sign of strong selling activity.
What we see are only “weak highs” – and the price likes to test those!
BUYERS vs SELLERS:
To me, the picture below gives me a clear message: There are strong Buyers and weak Sellers.
The all-time high on DAX is weak and therefore the price is likely to test it and push the price above it. To create a new all-time high!
Volume Profile analysis
Let’s now have a look at some volume-based Supports on DAX!
I used my Volume Profile to look into this rejection to see how the volumes were distributed there.
The Volume Profile shows three important zones that got created in the strong rejection of lower prices.
In all three areas there were heavy volumes traded. Those volumes were most likely volumes of strong Buyers who were adding to their Long positions as they were pushing the price upwards.
Those zones are important for those Buyers and therefore they should work as strong supports. When the price makes it back there at some point in the future those buyers are likely to become active and defend those areas.
The heaviest volumes within the rejection got traded around: 10.550; 9.630; and 9.100. Those are currently the strongest volume-based Supports on DAX.
In my opinion, the strongest one of them is the first one (10.550). The reason is that the heaviest volumes were traded, there and also that a strong buying activity starts from there. As a bonus, the pinbar right before the strong buying activity started to continue also adds to the strength of this support.
I hope you guys liked this analysis. Let me know what you think in the comments below.
Happy trading!
-Dale
17/11/2020 #DAX30 Bullish for nowWe have quite a bit of whipsaw yesterday and we closed mid of range.
Price still in a balance area and TBH #DAX30 #FTSE are the stronger indices now.
I am looking at 13058-62 zone. Expect a pullback to this zone and see the reaction from there.
Above we have 13168, 13264, 13374. I expect 13472 to cap high of day even if there are any news.
If 13058 breaks, look for 13014, 12962-64, 12852 to trade. 12730-750 is strong support zone, should cap low of day
16/11/2020 #DAX30 Pullback needed before further upPrice gapped up slightly and rallied with US to my first R level but now down almost 60 pts.
Bias to upside above 13058. Based on price action now, I see a possible re-test on that level before a decision is made.
Higher resistance are 13279.8, 13412.
If 13058 is re-tested and break, be cautiously bearish, look for shorts to 13013.2, 12990.4, 12922, 12854. In the unlikely event 12778 trades today, it will present a low risk buy level.
DAX targeting 13000 if the 1D MA200 breaks (3 year pattern)This is an interesting 3 year pattern for DAX. Since 2018, every time the 1D MA200 breaks as a Resistance (index closes one 1D candle above it), DAX rallies to at least the 0.786 Fibonacci retracement level of the previous Top.
Right now we are testing the 1D MA200 and the 0.786 is at 13000. Will history repeat?
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