DAX above the 1D MA50, has already started the new rally.DAX broke yesterday above the 1D MA50 (blue trend-line) again after rebounding at the bottom (Higher Lows trend-line) of the December 2022 Bullish Megaphone pattern. This is the new technical bullish leg that will aim to form the next Higher High. On a similar way with the previous bottom rebound on March 20, the Low was also priced after the 1D MA100 (green trend-line) broke.
Their RSI patterns are also identical, with the current attempting to test its Lower Highs trend-line before breaking it. The MACD Bullish Cross that was just formed is also in line with the previous two (March 29 and January 03). Every Cross below 0.0 is a long-term buy opportunity.
Our target is just under the Internal Higher Highs trend-line at 16800.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Ger40
DAX: Short term buy opportunity.DAX is rebounding after a -4.60% decline that turned the 1D timeframe bearish (RSI = 42.197, MACD = -69.700, ADX = 37.228). Even though that decline hit the bottom of the long term Channel Up, we focus more on the short term where after similar declines in the past two months (both -4.30%), the price rebounded to at leastthe 0.618 Fibonacci level.
Consequently we go short and target the 0.618 Fibonacci (TP = 15,930) which can connect with the 4H MA200 as well.
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
DAX hit the bottom of the long term Channel Up. Buy.DAX hit on Friday the bottom of the 8month Channel Up, just under Support (1), which was the low of April 5th.
That is a long term buy opportunity and the price is treating it as such since it's already on two straight bullish candles.
The previous Higher Lows was also priced within the MA100 (1d) and the bottom of the Channel Up.
Trading Plan:
1. Sell on the current market price.
2. Buy if the price crosses under the Channel Up.
Targets:
1. 16430 (Resistance 1).
2. 15150 (MA200 1d).
Tips:
1. The RSI (1d) hit the Falling Support which made the Channel Up bottoms of December 16th and March 13th. However the price dropped some more after the RSI hit that price. Hence it is not unrealistic to expect 15150 and a MA200 (1d) test for the next long term buy.
Please like, follow and comment!!
Notes:
Past trading plan:
DAX Lower Low to come after this quick rebound. Sell.DAX is recovering today from yesterday's brutal break down but this should be a short lived reaction.
The 1day RSI made a Double Bounce on a Falling Support, much like the one on March 13th.
On that price action, after a short lived rebound that got rejected on the 1day MA50 and the 0.5 Fibonacci, the price resumed the downtrend and bottomed on the 1.5 Fibonacci level.
Take advantage of this quick rebound for a better sell entry and target 15100, which happens to be also at the bottom of the long term Channel Up and the 1day MA200 (which is intact since November 10th).
Previous chart:
Follow us, like the idea and leave a comment below!!
DAX: Entered a short term accumulation phase ahead of the next rDAX hit the 4H MA200 again after a much needed technical pull back that helped at correcting last week's overbought technicals on the 4H time frame (RSI = 48.684, MACD = 21.500, ADX = 34.751). This is a similar structure as early June, when the 4H MA200 (and 0.382 Fibonacci) offered support to a 4 day accumulation phase before the bullish leg made a Higher High on the Channel Up pattern.
We are entering a new buy on the current market price, targeting the top of the Channel Up (TP = 16,500).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
DAX40 Crash - Short Signal - Swing TradingDAX40 is about to crash. A BIG short trade is pending its turn.
Germany40 Index (GER40, GRXEUR, GER30) is trapped in a Bearish stance.
Fundamentally, many things are against a Bull-Market at these times, but I mentioned that in my VIX spike idea.
From a Technical Analysis standpoint, well, the picture is much clearer.
Technicals:
* A-B-C Elliott Wave Sequence
* Running Flat Pattern
* Bearish Harmonic: Cypher Pattern
* Fractal Pattern: May-Dec '18 Sequence
* Reversed Bearish Divergence
* Bearish Divergence
* Descending Channel
* 61.8% Fibonacci Retracements of Primary A (red)
* 88.6% Fibonacci Retracements of Intermediate (B) (white)
* 100% Fibonacci Extensions of Intermediates (A) & (B) (white)
Expected Outcome:
* Powerful Bearish Impulse in Primary C (red).
Trading Signal:
* Entry @ 14550
* SL @ 15800
* TP1 @ 11200
* TP2 @ 9750
* TP1 @ 9000
Safety Measures:
* When in the green, moving stop-loss at break-even.
DAX H8 - Long Signal (Update)DAX H8
We pushed almost as high at 16000 before seeing a slight rejection, corrections possible, infact another test of 15700 isn't out of the question. Simple longs from this support zone again if this is the case.
16000 being quite a prominent psychological resistance price. We have a void of 285 pips to take us up to our major resistance and ultimate TP.
DAX40 H8 - Long SignalDAX40 8H
Finding a range on the German indices at the moment, after aggressive highs of 16440 ish... We have now started correcting back into a previous play of S/R. Which is good for us as it now means we have previous highs to target, and previous support to buy from.
Ideally looking for longs (in line with alerts) from 15700 price, in aim to trade back up beyond 16000 again.
Will DAX find buyers at market?GER40 - 24h expiry
Offers ample risk/reward to buy at the market.
The primary trend remains bullish.
The 1 day moving average should provide support at 15923.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Bespoke support is located at 15900.
We look to Buy at 15902 (stop at 15802)
Our profit targets will be 16152 and 16192
Resistance: 15950 / 16000 / 16050
Support: 15912 / 15860 / 15800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
DAX to reach a new all-time high today?GER40 - Intraday
Price action continues to trade around the all-time highs.
There is no clear indication that the upward move is coming to an end.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
The bias is to break to the upside.
The primary trend remains bullish.
We look to Buy a break of 16351 (stop at 16251)
Our profit targets will be 16601 and 16651
Resistance: 16340 / 16400 / 16500
Support: 16300 / 16200 / 16100
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
DAX One last pump to 16600.DAX is on the 4th green 1day candle in a row, extending the spot on buy entry we gave 2 weeks ago exactly at the bottom.
The 1day RSI is on balance bullish levels (62.31) and shows still upside potential while there is still room left before the Channel Up makes a Higher High.
That will be at a +6.30% rise from the Low, as previously taken place.
Target remains at 16600.
Previous chart:
Follow us, like the idea and leave a comment below!!
DAX H4 & D1 - Sell SignalDAX40 H4 & D1
Starting to see rejections from this 16300/350 price, I would like to see us pull down towards that 16000 whole number price in the short term before then maybe seeing something even deeper on a higher timeframe basis.
We have indicated an entry (albeit a little late, apologies) for the H4 entry, and also marked the D1 timeframe for reference and significance. Stock indices are massively overpriced at the moment, corrections I feel are certainly over-due!
DAX Channel Up and Inverse Head & Shoulders pushing for Gap fillDAX rebounded at the bottom of the Channel Up, forming Support (1) at 15625.
By doing so it completed the formation of an Inverse Head and Shoulders.
This is a twin bullish signal same with the March bottom.
Trading Plan:
1. Buy on the current market price.
2. Sell if it crosses Support 1 (15625).
Targets:
1. 16340 (Resistance 1 and Gap fill as per the March fractal).
2. 15250 (bottom of long term Channel Up).
Tips:
1. The RSI (4h) is also forming a Channel Up like March indicating that we might be exactly before the breakout to the gap fill.
Please like, follow and comment!!
Notes:
Past trading plan:
DAX: Inverse Head and Shoulders aiming for a new All Time High.DAX is trading around the 4H MA50 and 4H MA200 with technicals naturally neutral (RSI = 52.802, MACD = 10.300, ADX = 21.396) as on any consolidation. The pattern that was completed (inside the long term Channel Up) is an Inverse Head and Shoulders. Technically such formations target the 2.0 Fibonacci. Our plan is to traget the R1 initially (TP1 = 16,335) and then buy any pull back given and aim at Fibonacci 2.0 (TP2 = 16,600).
It is important to mention that the 4H RSI has been trading inside a Channel Up during the formation of the Inverse Head and Shoulders, giving an early bullish signal.
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Dark cloud cover in EU50EURTrade Idea: Selling EU50EUR
Reasoning:
• Weekly – Consecutive hanging man candles (Bearish)
• Daily – Bearish dark cloud cover after Fridays break higher (Bearish)
• 4hr – Bearish outside candle at Ichimoku Cloud resistance
• 1hr – Testing Ichimoku cloud support (Neutral/Bullish)
Entry Level: 4285.7
Take Profit Level: 4212.8
Stop Loss: 4310.9
Risk/Reward: 2.89:1
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.
DAX potential pull-back.DAX had an excellent run since our buy signal (see chart below) more than two months ago (March 21) but after it broke above the former All Time High (ATH) on May 19, it has formed a top and is pulling back:
As long as the price is closing the 1D candle above the 1D MA50 (blue trend-line), it will be a buy opportunity targeting the top of the (dotted) Channel Up at 16600. If however it breaks below the 1D MA100 (green trend-line) we will quick sell towards the Channel's bottom at 15350 and add a new buy there. In either case, the target remains intact at 16600.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
GER40 possible LongIt looks like Ger40 might be forming an inverted Head & Shoulders pattern on the weekly chart, which could potentially indicate a rise in price.
The resistance Trendline was recently broken and retested, and we're now waiting for the neckline to be broken to gain momentum towards the upside.
It's important to keep in mind that we'll want to see the candle close above the neckline for confirmation.
To avoid any potential losses, it's best to wait until the candles have closed before making any moves.
Additionally, there's a small gap to fill between $420 and $421 that could be worth keeping an eye on.
DAX Critical junction on the 1day MA100.DAX hit today the bottom of the short term Channel Up. This is inside a larger Channel Up pattern that started during last year's market bottom.
As long as it holds, especially the 1day MA100, buy and target 16600 on a +6.34% repetition of the first short term Channel Up rally.
If the price closes under the 1day MA100, sell and target the bottom of the long term Channel Up at 15150.
The 1day RSI, trading inside a Channel Down, gives a clear indication as to when that low may be achieved.
Previous chart:
Follow us, like the idea and leave a comment below!!
DAX Trade break outs only. Neutral at the moment.DAX has turned neutral after the 16340 top and the subsequent test of the MA50 (1d).
As long as those two levels hold, it will remain sideways with no action to take.
The long term pattern is a double Channel Up.
Trading Plan:
1. Buy if the price closes over Resistance (1).
2. Sell if the price closes under the MA50 (1d).
Targets:
1. 16750 (top of Channel Up).
2. 15200 (Fibonacci 0.618 level).
Tips:
1. The RSI (1d) is trading under the MA trend line, consistent with the previous two bottoms of the Channel Up.
Please like, follow and comment!!
Notes:
Past trading plan: