DAI becoming bearish XETR:DAI
Hi guys , how are you doing ? , I hope you're fine and having a nice time
Let's take a look at DAI stock and check it technically :
- the price is moving in a downtrend and according to candlesticks and momentum the bulls are not gonna break this downtrend .
- the price has touched a polarity change range which has acted as a resistance lately
- also the price is now in 0.618 Fib retracement
I think we need to wait for price action and confirmations and then we can enter a short position ..
what's your idea guys ?
I'd be glad if u comment your view about it
Germanstocks
Siemens Energy AG is a new member of German Stock Indexes #ENRToday is the day, the Dax gets another family member from the Siemens family. In addition to Infineon, we can now also find Siemens Energy AG in the Dax. This special occasion, as well as an article from a well-known trade journal (pages 32/33) awakened my focus for the Siemens Group. In addition to Siemens Energy, I would also like to take a close look at the Gemesa and Healthineerss chart in the future. Perhaps this will allow us to draw conclusions about the index. Besides, I have a special relationship with Siemens because I found the groundbreaking insight into my personal approach to monadenthoria in the Siemens Nixdorf Museum in Paderborn on a class excursion in my youth. It was an old mechanical calculating machine from Gottfried Wilhelm Leibniz which had shaped my life like nothing else. That would have been thought. After more than 20 years, I am all the more pleased to have "fresh material" in my daily Dax. Well, however...
What are they doing and who is that exactly?
Siemens Energy AG offers energy technology solutions. The company operates in two segments: Gas & Power and Siemens & Gamesa Renewable Energy. In addition to industrial applications for the oil and gas industry and for industrial process applications, the Gas & Power segment offers a wide range of products and services in the fields of power transmission and conventional centralized and decentralized power generation. The Siemens & Gamesa Renewable Energy segment focuses on the extraction, design, development, manufacture and supply of products, installation and technologically advanced services in the field of renewable energies with a focus on wind turbines. The company was founded on July 27, 2016 and is headquartered in Munich.
Chart technical:
We see a max Gartley who has developed an ABCD in his C-D axis. These patterns have already processed your regular attempts and formed a cypher formation. It should be noted, however, that the patterns still have the option of the 127 or 167 rebound. However, if the pink cypher pattern dictates the course, this could represent intra-level above its 127 pattern point C of a rising higher-level ABCD. 28.85 on a 4h basis would be rated as support, provided that we do not fall below this mark in the 4h closing price. Should this support break, one could consider the wolf marked in red as a further aid to interpretation. A ricochet on the ETA line (signal line of the wolf) would open falling price targets up to € 24.33 or even up to € 20.14 if they break. With a slight gray emphasis on the chart, the open gaps should not be disregarded either and should be valued. A higher-level ABCD, as well as the rebound127 of the Cypher, could trigger the wolf.
However, there is no clear entry-level setup at this level. Rather, the zones of the subordinate rebounds, which are located on the superordinate flag delimitation, are particularly interesting for a subordinate intraday analysis. Setups could arise there.
For a superordinate Elliott Wave Analysis the price history is still a bit short in the large time window. It can be assumed, however, that an impulse can be counted from the absolute low and that the price would like to move from the correction (4) to a 5. It should be noted that if the 5 occurs as a failed or short wave and forms a kind of double top, the course for a superordinate 2 may correct up to 99.9% of the previous wave 1! A bull flag also shows up in the daily time window:
Alternative scenario depth 2 as GAP close from a 4h time window. In the long term, in my opinion, this would be the healthier way via a may following Impulsive and Strong 3. For the group, this would probably even be the better and long-term profitable way in chat.
Here I would like to go into detail again on the harmonic patterns to be identified in the chart in order to simplify the complexity and present it in an easily understandable way. The coordinates can easily be traced with the TradingView tools.
The max Gartley is a special, modern form of the well-known Gartley pattern. The coordinates are as follows:
X-B 0.382-0.618
A-C 0.382-0.886
B-D 1.128-2.236
X-D 0.618-0.786
The AB = CD pattern is easy to recognize on the charts and consists of 2 equivalent price legs. It has specific Fibonacci measures for each point within its structure, which leaves room for flexible interpretation. The C point must go back to either 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. If the BC projection and the AB = CD closure come close together and define a small area, the likelihood of a reversal increases.
The first target would be the 382 AD retracement and the second target would be the 618 AD retracement. A general stop level is located behind a structure level behind the D point. Conservative traders can look for additional confirmation before entering a trade, such as an aligning RSI or a specific candlestick pattern that indicates a reversal. TradingView has an intelligent ABCD pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations based on the fact that CD is an extension of AB, such as the 1.27 AB = CD or the 1.618 AB = CD pattern.
The cypher was discovered by Darren Oglesbee and while technically advanced pattern formation is often associated with and traded alongside harmonic patterns. It has specific Fibonacci measurements for each point within its structure. The B point retracement of the primary XA leg is between 0.382 and 0.618, the C point should be a 1.272 to 1.414 projection of the primary XA leg, and the D point should be a 0.786 retracement of XC. The first target would be the 382 retracement of the CD and the second target would be the 618 retracement of the CD. (pay attention to the right tool!)
Wolfe Waves are caused by the forces of supply and demand that exist in all markets and all time periods. They were originally discovered by Brian and Bill Wolfe. They form patterns made up of 5 waves, the first 4 defining a wedge and the last protruding beyond this wedge. This last wave is usually traded. With the help of the Wolfe wave principle we can calculate its length by drawing a line on the wedge between point 1 and point 4 and extending it in the direction of the outbreak of wave 5. It acts as a profit target line. The Wolfe Wave analysis technique can predict an Estimated Course on Arrival (EPA) and Estimated Time of Arrival (ETA).
The wave that precedes the fifth wave could cross the extended trendline of waves 1 through 3 before making a big move in the opposite direction. This is the ideal entry point to trade towards the profit target line. There are specific rules that define this naturally occurring pattern of trading. As with any trading method, there are several variants. Trades based on this system tend to have tight stops compared to the profit target, which results in good CRV's.
The formation of a further ABCD pattern would give the possibility to trigger the wolf in pattern point D. So far, however, this is only a conceptual option.
In concrete terms, however, this variant can be determined with the current chart situation. Combined with Elliot waves, this would mean a conclusion of wave 4, provided that the correction does not become a triple three combo. Another wave X would have to develop for this.
Finally, as with any promotion to a higher league, it remains exciting. It's nothing else than football. It could be a big flop, or it could be the story of the decade. In any case, it often turns out very differently than you think :)
Scientific contribution - no investment recommendation!
PS: I would be very happy about a like or kommi.
DE30 - DAX German index ABC correction - Big red week incoming Big German stocks looking for ABC correction:
SAP
VOW
SIE
LIN
BAS
BAYN is one of the big stocks that is not clear. We see a triangle pattern on daily chart. If this breaks bearish then we have a big red week for the Dax
DE30 seems to reflect this trend
next week we will be looking for ABC correction
SIE ABC correction - SIEMENSABC correction oportunity
price touched Fibo level and generated a big engulfing candle on the daily time frame indicating the beginning of the ABC correction
VW IDEA - Volkswagen idea ABC correction Key points to consider:
- HUGE daily engulfing after touching 61.8% Fibo
- H2 MACD crossover
- Hourly chart 3black crows
Price looking for ABC correction
IFX has a good potential to go up (More Confirmation Needed)XETR:IFX has a good potential to go up and is showing signs of bullish strength although more confirmation is needed. Before one considers to buy , I think closing considerably with a bullish candle above the green line (17.6 ) is needed as a confirmation .Once we break that level , it is likely to be heading towards around the 19 area and once we close considerably above the 19 It is very likely to continue up towards the 23 mark .It might also remain stuck between the 17.6 and 19 area for some time before breaking above the 19 , so I think one could take part of their profits at 19 if they are concerned but It would be wise then to hold most of the stocks (Unless we close again below the green line) because XETR:IFX has a good potential (Long term) to reach the 23 .
DAX: Sell opportunity if the Support breaks.DAX is trading within a Rising Wedge on the 4H chart which started on March 23rd when the previous bottom was made. Despite the fact that today it broke the Higher Low trend line, the technical indicators are neutral (RSI = 45.750, MACD = 8.800, ADX = 19.431) as the Support Zone hasn't been broken yet (10,225 - 10,165) and the 4H MA50 is intact since March 24th. Both of those sustain the uptrend.
If however the Support breaks, we will take the opportunity to short towards the next Support level. Our Target Zone is 9,500 - 9,300.
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FDAX1! Futures Chartthe market is not yet bullish. maybe he will try to cover the gap of 11354 . but for the moment. I think there is still downward strength. to the point 6240
DAX: Profit sideways unless we have a break-out.The German index is trading within a Channel Down on the 1H chart and at the moment the momentum is sideways (RSI = 54.078) within 9,950 and 9,300 (Lower High and Lower Low respectively).
If the Channel Down breaks upwards, then we will target the 10,400 - 10,750 zone while if it breaks downwards we will target the 9,060 - 8,800 zone.
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DAX: Sell target reached. Now strong buy opportunity (long term)Following our previous Sell Signal on DAX (Descending Triangle) which you can see here:
We turn to a much longer time frame, the Channel Up since the December 2018 bottom. Among fear of the coronavirus outbreak, the index has crossed below the 1D MA200 (RSI = 32.658, MACD = -1.310, ADX = 34.677, Highs/Lows = -1.6279) and is now testing the Higher Low trend line.
This trend line has held twice before (December 27th, 2018 and August 15th 2019) providing excellent long term buy opportunities. We believe such an opportunity exists now as well as the 1D RSI is also near its 27.000 Support, which has been holding since October 24th 2018. See also how the 1D RSI is in phases and currently repeating the bottom sequence. The RSI tops before the actual price does.
In conclusion this is a solid long term buy opportunity and our Target Zone is 13,800 - 14,000.
See how accurate DAX long term levels are. We have found fractal analysis very useful in identifying long term trends and their buy/ sell entries. We predicted the 13,800 High back in April 2019 when DAX was still trading at 11,600:
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DAX: Ascending Triangle on an RSI bearish div. Sell opportunity.DAX is trading inside a 1D Ascending Triangle (RSI = 57.402, MACD = 123.300, ADX = 27.184, Highs/Lows = 79.6214) and currently is testing the Higher High trend line. With the RSI though on a bearish divergence since practically the start of the pattern, we are expecting a pull back soon. Notice how the RSI is also on the High of its Channel Down (bearish divergence) pattern, which has delivered a drop in the previous two times.
The 1D MA50 is acting as the pivot at the moment and should be the first Target for short term traders. If we see a 1D candle close below the MA50, then traders may extend shorting (but with the SL lowered down to a profit level) towards the 12,880 Support.
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DAX: Attention needed. Bearish fractal to 12,800.The index has made a marginal All Time High today but the 1D RSI remains on a bearish divergence (RSI = 59.286, MACD = 52.400, ADX = 20.325) within the 1W Channel Up. This pattern resembles the May- July 2019 top sequence which ended with a strong decline towards the 1D MA200 (orange line).
If the 1D MA50 (blue line) is crossed again, we are expecting this time contact with the MA200. Our Target Zone is 12,700 - 12,870.
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DAX: Strong correction. Two support levels.DAX is on a strong correction (short term for the time being) with the 4H Channel Down (RSI = 38.828, MACD = -65.800, Highs/Lows = -254.2571) approaching the 12,945 - 12,885 1D Support Zone. On the short term our 13,100 Target on the previous sell call has been hit:
Right now we are focusing on where the Support levels are on this strong correction, and where is most optimal to buy. As long as the short term 12,945 - 12,885 Support Zone holds, we can expect a bounce any time now as the -5.00% correction is completed which is the norm on a medium term basis (happened in October 1st, 2019).
If 12,885 breaks though, then the correction will follow the longer term norm of -10.50% (happened in late July, 2019). As a result in that case we will wait for contact with the 1D MA200 (orange line) and buy for the long term. The Target will be at least 13,640.
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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.
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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:
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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.
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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.
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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).
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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.
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German DAX Primed To Reverse?The German DAX has retraced into an interesting cluster of support which is worth being aware of. Recently, the market has risen into a consolidatory phase which produced a triple top. The third top was followed by a sharp retracement and that’s where the market stands at the time of writing.
The following Analysis Points (APs) will guide you through some of the significant properties of this chart.
AP1) In determining levels where this retracement may end, firstly consider the Fibonacci division shown. These are the green horizontal levels. The range is defined as the vertical distance between the point labelled ‘A’ and the point labelled ‘B’. Clearly, the market retraced as far as the 0.5 level and found some support there. It has started to rise but hasn’t yet reached the 0.382 level again. It’s possible that the retracement has completed as a 50% retracement and the prior uptrend will resume. It’s also possible that the support from the 0.5 level will only be enough for a minor bounce, after which the downward move will continue, perhaps as far as the 0.618 level or more. Further investigation can give a clearer picture.
AP2) The next point is based on the concept of angular symmetry. Observe the angle of ascent between the low at point X and the secondary low at point Y. They are connected by a red solid line which is projected out into empty space. When that line is copied and, crucially, the gradient is kept constant and projected from the low at point A, the resulting line intersects the 0.5 retracement level at exactly where the market reversed in the cyan circle. This is another source of support, adding to the strength of the price barrier.
AP3) A similarly interesting result is obtained by applying a similar method to a different range. The angle of descent is taken between point Z and point A. Notice that this is the range from a high to a low rather than a low to a low. This means the first purple line is representing the average gradient of the whole move between points Z and A. As before, when that line is copied exactly and projected from a different point, this time the high at C, the resulting line intersects at the same point as before in the cyan circle. This degree of confluence is already creating a compelling case for a reversal from the cyan circle.
AP4) Moving on, look at the final upward swing before the retracement. This is the range between the low at D (just before the 3rd peak of the triple top) and the high at B. When Fibonacci divisions are applied to this range, notice that the 1.618 extension coincides exactly with the closing price of the lowest candlestick so far. Also inside the cyan circle, this adds even more support. Horizontal and diagonal overlays from four different sources now are all indicative of a reversal coming from the cyan circle.
An important observation is that each of the overlays shown so far could have been constructed long before the market came close to the cyan circle. As soon as the high at B was in place, this analysis could have been done and one could have been aware of the potential support coming from this area.
With this degree of confluence, it is very likely that this will be a very strong support level from which there will be a significant reversal which, it appears, has already begun.
As a final thought, consider AP5.
AP5) The vertical purple dashed lines divide the recent price action into two sections: the upward progressive section, and the downward corrective section. Assume that the price will continue to rise and that the retracement is complete. In that case, the whole cycle can be thought of as beginning at the low at A and ending in the cyan circle. This whole cycle would have lasted for 106 candlesticks. Of those, 65 were spent in the uptrend section which lasted until the high at C. That means that ((65/106) x 100)% of the time was spent in the uptrend. This comes out to be 61.3% which is roughly the Golden Ratio, phi, expressed as a percentage (61.8%).
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.
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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:
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