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Ger40

DAX Last week's trading plan intactDAX eventually followed the trading plan suggested last week, as the price turned neutral into a consolidation range, following the rejection on the All Time High Lower Highs trend-line: The strategy is still valid. As long as the Lower Highs trend-line holds and the 0.382 Fibonacci retracement level supports, we can keep scalping for medium-term profits. A break above the Lower Highs is a bullish break-out signal targeting the 16290 High, while a break below the 0.382 Fib (13900) is a bearish break-out signal targeting initially 13350 (March 10 Low). Notice that in RSI terms (portrayed on the 1D time-frame), it has started trading downwards on Lower Highs, similar to January. That was when the correction trend of the Lower Highs started. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!
by TradingShot
DAX rejected on Lower Highs. Unless broken, consolidation ahead.DAX broke and closed yesterday above the 4H MA200 (orange trend-line) for the first time since January 20. Despite this bullish development, the index failed to break above the long-term Lower Highs trend-line of the correction, which has been holding and rejecting the price (6 rejections including yesterday's) since after the All Time Highs. The last time that happened, DAX consolidated for more than 2 weeks (February). As a result, as long as it fails to break above the Lower Highs, it is more likely to see a consolidation within roughly 14800 - 14100, which as you see is within the zone of the 0.618 - 0.382 Fibonacci retracement levels. A break (and 1D candle closing) above the Lower Highs, should be enough to extend this bull run all the way to the 16290 All Time Highs. Similarly a break below the 0.382, could restore the bearish sentiment back to the 12420 March low. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!
by TradingShot
2
GER40 > A Strong Short Setup to Come Soon!!Analysis on #DAX The GER40 forms an old classic setup, a support level become a resistance near downtrend resistance level as well, and guess where it completes, near a very strong psychological number 15000. Trading Plan: >> So I predict the market will turn bearish from this zone and If the Dax completes the pattern and came to my structure resistance zone, I will then wait for the market to turn bearish on the lower time frame and the entry a very good short setup if the rules for entry are met. ⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis. ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
PEPPERSTONE:GER40Short
by TheTradersAvenue
19
DAX Approaching the 1D MA50. Key for the recovery.The German Index has made a +17% rebound since last Monday's bottom and is very close to test the 1D MA50 (blue trend-line). That is the natural Resistance for the index as it has been unbroken since January 20th. In a similar situation after the U.S. elections of November 2020, DAX started the strong uptrend of 2021 once it broke above the 1D MA50. It's first stop was the 1.236 Fibonacci extension level. On the current fractal that Fib is around 17200 and can be hit by June. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!Long
by TradingShot
2