Long to 13520Perfect h&s setup for short term.
Targets are GAP target to close and h&s
Follow in 1m or 5m time frame to see correctly.
Fdax
DAX targeting 2018 high. This could get interesting! We are at key level in the German Market, the decision between a 5 Wave Impuls up or a 3 wave sideways market is taken here.
DAX: Sell opportunity within the Channel Up.DAX is trading within a 1D Channel Up since early November. At the moment the price is next to the Higher High trend line, which is technically an optimal sell entry assuming the pattern holds. With the RSI also at the top of its 2 month consolidation channel, we treat this as a strong medium term sell opportunity. Our Target Zone is 13,165 - 13,100.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
FDAX1 2 hr ChartThis is what I was talking about for Monday morning, DAX looks like it wants to roll over from the overbought condition, and US futures trade in the same direction as the Euro markets, so I am expecting a down open.
I could be wrong and this could be just a headfake, but that was my analysis Friday afternoon when I decided to keep my puts open instead of flipping them.
If you are planning on holding options overnight, make sure you keep an eye on European markets. I prefer to watch the DAX, seems to have the most influence on US futures during Euro market hours.
DAX: Potential for 12,500 if the Channel Up breaks.DAX has been trading within a 1D Channel Up (RSI = 49.754, MACD = 14.200, ADX = 21.600, Highs/Lows = 0.0000) since the August 15th, 2019 bottom. This Channel Up is however very close to breaking to the downside, having also already crossed the 1D MA50 (blue line).
Last time a 1D Channel Up crossed the MA50 and broke to the downside was in late May 2019 when the price broke downwards after posting Lower Highs and didn't find Support until the 1D MA200 (orange line). If you look also on the RSI action of the two sequences will you see how similar they are.
As a result if DAX breaks and closes below the current Channel Up, we are expecting a test of the MA200 around 12,500.
*Note that this bearish divergence has been noticeable since early/ mid December after that Megaphone on the 4H chart was spotted. So far it has been trading as expected:
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
DAX: Sell opportunity within the Megaphone.DAX has been trading within a 1D Megaphone pattern (RSI = 55.442, MACD = 76.600, Highs/Lows = 0.0000) since November 6th. This week the price was rejected on the Higher High zone and is still on the decline towards the 13,176 Pivot line which is also where the MA50 on the 4H chart is. This is a possible Support level.
If this level breaks however, we are expecting a full decline sequence towards (possibly) a new Lower Low. The 4H chart also provides a strong sell signal with the bearish cross on the MACD. If the pivot is crossed our Target Zone is 12,950 - 12,885.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
DAX: Sell opportunity towards the 1D MA50.DAX as most indices has been very bullish since the start of the year (strong 1M Channel Up since the 27 December bottom) but lately in particular has been sustaining a strong 1D Channel Up (RSI = 64.920, MACD = 140.500, ADX = 26.747, Highs/Lows = 0.000) since mid August, that even broke (marginally) above the 1M median.
This is similar to the Channel Up during the first half of 2019 and based on the 1D RSI sequence, it requires a contact on the MA50 before making a new High. We have set a target within 12,815 - 12,740.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
DAX Sell SignalPattern: 1D Channel Up.
Signal: Bearish as the pattern made a Higher High and is pulling down towards the 1D MA50 for a new Higher Low.
Target: 12,700 (just above the symmetrical July High Support).
DAX: Pull back to the MA50 and then 13,600.DAX has broken above the 2019 1M Channel Up (RSI = 60.402, MACD = 306.500, Highs/Lows = 928.2857, ADX = 16.738) last week. The 1D RSI has made a peak at 78.000 which is the point where last May (3rd) it made a Higher High and pulled back aggressively.
The January - May sequence has many similarities with the August - today sequence as illustrated on the chart. The most notable of which is the fact that after DAX broke above the 1D MA50 (blue line) it always acted as a Support (bounce long entry). We are expecting a similar price action and after a pull back to the 1D MA50 believe that DAX will resume the uptrend towards the 13,600 All Time High (ATH).
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
DAX: Targeting 13,600 on a possible band shift.DAX has been trading within a long term 1M Channel Up (RSI = 58.539, MACD = 225.500, Highs/Lows = 732.5857) since the December 2018 bottom. From January until July the price traded on the upper band of the Channel and then it made a bottom on the lower band. That essentially started a new Channel Up within the lower band until now that we had a contact with the Channel's mean.
If the price breaks and closes on the 1D time frame above then a new aggressive sequence may start on the upper band again that should easily hit the 13,600 All Time High (ATH). If not, then a pull back to the previous High (as it happened in March) will serve as a buy zone for a more sustainable rise to 13,600.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
DAX: One last bullish leg towards 13,000.DAX has been very bullish throughout October rising from the near 11,800 low to a 12,800 high today which is in fact a peak for 2019. This is all within the Channel Up pattern on 1W (RSI = 59.041, MACD = 182.700, Highs/Lows = 304.9427) that has been in effect since February.
As you see the two dominant bullish legs are very similar, the one from February to May and August to today: Phase 1 (circle) is a volatile Higher Low, then phase 2 (blue rotated rectangle) the first major pull back and lastly phase 3 (green rectangle) the last minor pull back before the Higher High.
Assuming that the rise on the current bullish leg will be symmetrical (+14.60%) then we have calculated the final Target Zone within 12,950 - 13,080. Long term traders though may wait for a safer larger pull back around 12,100 before buying, again as it happened in May.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
DAX Buy SignalPattern: Channel Up on 1H.
Signal: Bullish as it made the low repeating the Oct 14 sequence.
Target: 12750.
Dax daily: 16 Oct 2019We saw another bullish happiness for Dax. After the initial long, buyers took a lunch break and the price resumed its climb later in the afternoon session. The resistance zone at 12 598 was broken and functioned as a support. Dax formed a new high of the recent past weeks but didn't hold the throne for long. The price then closed the day at 12 624.
Important zones
Resistance: 12 676
Support: 12 598
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Dax opened with a descending gap today. Before we finished writing this analysis, the gap has closed quickly. Buyers respected the support zone at 12 598. If the current bullish sentiment holds up, the retest of yesterday's high at 12 676 is very likely. That level is now an important resistance zone and should it be broken, we see another target at 12 730 which is the August high. Dax traders seem to be optimistic also due to the favourable Brexit echoes we hear recently. On the other hand, if the market mood changes, we are looking at a decline towards 12 483.
DAX Critical pivot point approaching. How to trade each scenarioDAX, as most global leading stock markets, has suffered a big set-back this week in anticipation of today's key macroeconomic data. The 1D MA50 was crossed (blue line) and the index is now close to testing the 1D MA200 (orange).
If the price bounces there then 1D (which entered into bearish territory with RSI = 38.234, MACD = 3.700, Highs/Lows = -272.3214) may reverse towards the 12,500 Resistance, in a similar way as it did on June 3rd when again it hit the same RSI level (see chart).
If however it breaks, then DAX can reach again the 11,300 1W Support level, in which case it will become a strong buy option as the Demand Zone there has been strong. Plus it will be a 1W Triple Bottom which normally makes a Higher High. The only negative parameter on this sequence is the possibility of the wider 1W pattern turning into a Head and Shoulders eventually which after a dead cat bounce back to the 1D MA200 can lead to a Lower Low under the 11,300 1W Support. News on E.U. and U.S. data (as well as key Chinese import reports and the EURUSD) have to be followed closely on that matter.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
DAX: Cautious long opportunity within the 1D Channel Up.DAX has been trading within a very strong 1D Channel Up (RSI = 59.495, MACD = 84.870) since the August 15th bottom, which is currently on its Higher Low (Highs/Lows = 0.0000). This is a technical buy entry even though this time there are more barriers to overcome such as the 4H MA50 which has rejected today the uptrend (light blue trend line). The Target Zone on this sequence is 12,600 - 12,650, essentially the 1W Resistance.
Other than that, DAX has printed the unique Golden Cross formation (4H), and last time it did was in January. After a minor pull back, the index aggressively grew by +8.95% on the next Higher High and +14.80% on the last Higher High before the MA200 broke (it has been supporting through out this whole bullish move). You can see that sequence below:
Currently DAX has also made a 4H Golden Cross, delivered the pull back, the MA200 is supporting and is waiting for the next response (Higher High like we said). If it replicates the same pattern then we are looking at possible targets such as 13,220 and 13,925 (as seen on the chart below), which are of course now appear to be far fetched.
That is why at the moment we only concentrate on reaching the 12,600 - 12,650 Target Zone.
See also below how accurate DAX's symmetrical reach has been since the August bottom:
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
DAX Short the same cluster againVery volatile in the before mentioned short zone/cluster, and now with the FED announcing lower interest rates... could be bullish on first glance but if you ask me market participants see that as a weakness and a kneefall to trump. Could actually see a sharp decline today IMO.
