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Ger40

DAX waves signs of exhaustion. Top might be near.I've been bullish on DAX for a very long time as the Rising Wedge and Channel Up patterns prompted to Higher Highs ever since April 2021: However, the German index seems to be forming a pattern that based also on the 1D CCI, was previously seen just before market tops (i.e. Higher Highs on the pattern). As this 1D chart shows, the price just entered the CCI Resistance Zone that has been holding throughout the whole of last year. On two occasions (July 13 2021, August 12 2021) the CCI top matched with direct market tops. On the other two occasions (May 24 2021, November 03 2021), it made the price consolidate (orange circles) and made one last (blow-off) top 15 and 12 sessions later respectively. The above means that we've either topped or will top within the next two weeks. Potential peak points include 16400 (top/ Higher High of the Channel Up) and 16600 (just below the 2.0 Fibonacci extension level as it happened with the November 19 Top). In either case, a strong pull-back towards the 1W MA50 (red trend-line) should be expected. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
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by TradingShot
DAX Emerging MA50/MA100 Bullish Cross on the 4H.DAX appears to have completed the short-term profit taking pattern as presented last week on the following analysis: The 1D MA200 held and the index can now resume the uptrend towards the top of the long-term Channel Up. On today's analysis I shift focus to the 4H time-frame where the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) are close to forming a Bullish Cross. Last time that happened was in October 20 and resulted in a massive rally to 16300. All the price needs to do is clear the 4H MA200 (orange trend-line) which rejected the rebound today and break this short-term Bearish Megaphone. At the same time the 4H MACD just printed a Bullish Cross as well, while the Higher Lows trend-line from the November 30 market bottom is holding firmly. We are looking for a medium-term rise around the 1.5 Fibonacci extension (16300). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
germany dax in coming week : double buy pinbar,3angel patterntechnical say dax must go to fibo 161% 17200(in next 3 month) for coming days , dax target in up is 16122 (gap on cash xetra dax) in red arrow ,we can put sellimit advice by big banks traders= still advice looking for buy with SL in day low (or yesterday low) when dax is above EMA200 daily only looking for buy in deep,dont sell AC 4hour is green too = up trend can start bad scenario = if low break , dax can crash to 14000 let see futures cot data (net order by big banks and big funds money managers) prnt.sc prnt.sc prnt.sc prnt.sc
EUREX:FDAX1!Long
by ramin_trader2006
DAX short-term profit-taking leading to 16400Last week DAX gave the most optimal buy entry on the bottom (Higher Lows trend-line) of the long-term Channel Up as I presented on my most recent analysis: The price hit 15840 on a strong rebound, the strongest 2 days of the year. Yesterday the price started to pull-back but shouldn't be alarming as the very same -1.30% correction took place on October 18, during the last rally wave and turned out to be just profit taking. The index traded sideways for a week and later went on a 1 month rally extension towards the 1.236 Fibonacci extension. That extension is currently a little over 16600 and if it takes place, it would mean the break to the upside of the August Channel Up. For the time being, it is more sensible to initially target 16400 and then re-evaluate. Notice how the 1D MACD is currently forming a Bullish Cross, which DAX typically forms at the start of its rallies. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
3
DAX Trading PlanDAX rebounded today exactly at the bottom (Higher Lows) trend-line of its October Channel Up (blue) mainly due to the bettern than expected E.U. and German PMI data. If this effect is short-lived and the Channel breaks to the downside (quite likely as the MACD just formed a Bearish Cross on the 1D time-frame), look for the 1D MA50 (blue trend-line) for the next buyer accumulation. That happens to be within the 0.5 and 0.382 Fibonacci retracement levels. If however the Channel Up holds, the index should go for the next Higher High. In either case the next upside target is the 2.5 Fibonacci extension around 16500. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
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by TradingShot
1
DAX sideways on its ATH. Potential pull-back.Two weeks ago, the consolidation on the 1D MA50 (blue trend-line), gave a clear buy extension signal on DAX: The 16000 Target has been hit and the index is consolidating around its 16030 former Resistance and ATH for 5 straight 1D candles. This is a sign of technical exhaustion of the dominant trend which is bullish, so if the Channel Up breaks its Higher Lows trend-line, I expect a full pull-back towards the 1D MA50. As long as it doesn't though, the bullish trend remains intact. In either case, the target is the 1.382 Fibonacci extension (roughly within 16450 - 16500), which is still below the Higher Highs trend-line that has been keeping DAX below since April 16. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
D
by TradingShot
2
DAX on beginning of new week - based on Options Flow (Gamma)Going to the right, DAX tests investors' nerves and endurance. What can the beginning of a new week bring to us? Overall, we are high in the context (which does not in any way negate further increases for the sake of clarity!). Below the current price level, we have several Virgin VPOC levels, which even extend to the region of 15,200. But the only thing is that EVERY time the index will return there. Not necessarily now;) In the context of Intraday trading, breaking the Gamma +0.25 level determined automatically based on the Options market - gives the opportunity to play a Long with a target of up to Gamma +0.5. We play it carefully because of Dax's trailblazing in such high places. The exit to Gamma +0.5, because as you already know from previous analyzes, this is a very strong Intraday resistance level. Similar to playing Short as a mirror image of the described move - after Gamma -0.25 goes down, there is an opportunity for Short. Target is Gamma -0.5 (again - strong Intraday support level), but this time we are watching whether there will be a price reaction and a rebound - another opportunity for Long as the Gamma -0.5 level is in the volume zone determined automatically by VSA Scanner. According to the Gamma strategy - a bounce from Gamma -0.5 most often ends statistically at the Pivot level. Another trading opportunity is a price breakdown at the level determined automatically - Extreme Low of Day (determined from the Options and Volatility market) with the target at the extreme Gamma -1. Here, we also expect a price reaction and a position reversal in Long, where the presence of the volume zone (determined by the VSA Scanner) is an additional strengthening of the signal strength. The Options Market helps forecast movements that are yet to come in derivatives (including Futures Contracts). Therefore, it is a powerful weapon in the Trader's arsenal and is available to everyone;)
EUREX:FDAX1!
by skyline-trader