Tuesday: DAX - week 18I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Germany30
Tuesday: DAX - Week 18 Part 2CHECK OUT THE UPDATED IDEAS, IN MY PREVIOUS DAX POST - and you can see how and why I changed my directional bias
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Tuesday: DAX - Week 18I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
DAX - What's next?DAX - What's next?
Yesterday the DAX idea I posted was spot on went to key support area the next support area is interesting we could get further decline.
Support: 15090, 15035, 14925
Resistance:15215 & 15249.0 (Anywhere above bulls are back in control above 200EMA)
Pattern: Wedge /Double top smaller term may develop
Personally, I am loving scalping and day trading DAX I do feel indices overall globally are over extended apart from FTSE of course, I think the indices will get more interesting around summer and mostly in August if not definitely at the end of the yr due to fundamental aspects that may occur.
Seasonality wise: May is usually a good month for the bears for Indices.
Have a wonderful day ahead.
Trade Journal
(Just a trade idea, not a recommendation)
DAX - Will we see further decline?DE30 - Will we see further decline?
Technical aspects:
Pattern: Wedge / Bear flag
Support: 15227, 15177, 15127
Resistance: 15333, 15370, 15415
I've been short since early this morning, taken 70% profits off - I will be eyeing the price action throughout the days ahead.
Could wait for the break out and trade the pull back (retest) then trade the direction confirmation.
Yes, I've changed the colour scheme and trying to make it as simple as possible for you to understand - I do tend to switch colour schemes up on my trading platforms I use as time goes by!
Trade Journal
(Just a trade idea, not a recommendation)
DE30 Buy the dip.GER30 - Intraday - We look to Buy at 15366 (stop at 15319)
Daily signals are bullish.
Previous resistance, now becomes support at 15375.
Pivot support is at 15375.
20 4hour EMA is at 15366.
We look to buy dips.
We can see no technical reason for a change of trend.
Our profit targets will be 15498 and 15548
Resistance: 15450 / 15500 / 15550
Support: 15400 / 15350 / 15300
Ger30 - extending long
A push to the upside is imminent. German DEU.IDX looks surprisingly good with the ECB spending and stimulus at way .
Structure would have it that points upwards, although bearish momentum can occur.
My bias still bullish effective immediately however a good risk to reward management is needed like every trade just in case it doesn't work out.
Good luck Traders.
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.
GER30 Sell a break setup.GER30 - Intraday - We look to Sell a break of 14448 (stop at 14512)
Price action has formed an expanding wedge formation.
The trend of higher intraday lows has also been broken.
Trading within a Bearish Channel formation.
Trend line support is located at 14485.
20 4hour EMA is at 14486.
A break of bespoke support at 14470, and the move lower is already underway.
Our profit targets will be 14269 and 14206
Resistance: 14530 / 14580 / 14600
Support: 14470 / 14400 / 14330
DAX: Do You Even Lift, Bro? 🏋️🏋️🏋️Real traders know about the massive potential that lays within the German DAX30 index. Its powerful chart should convince those who do not know much about it, too! We expect that the DAX increases up to an area between 14799 and 14895 points. After a correction, the index should have enough power to also lift the 15200-point mark.
Go hard or go home!
DAX INDEX (GER30) – Week 10 – Correction expected.German stocks closed higher on Thursday evening, as gains in the retail, transportation & tech sector led the shares higher. Based on those facts, DAX reached an all time high and is still dominated by strong bullish momentum.
As you can see in our chart, we expect the price to continue to increase, but it should soon start a deeper pullback that can drop the price towards the resistance area that we highlighted on our chart. At the moment we remain cautious and will avoid any buy setups, even if the price will continue to increase. Without a proper sell setup, we won’t be taking any chances.
1. We suggest waiting for the price to break the orange dashed line, which would be our first confirmation for a possible bearish move.
2. Afterwards we expect the price to pullback, and depending on your strategy you should make a decision in order to go with the trade or not.
This may take some time and it may start developing next week. Do not over-leverage your position and keep the risk small.
If any of the ones mentioned above won’t occur, we kindly recommend avoiding jumping in any trade.
We may witness a break of the upper channel line as the price could continue to increase, but that won’t change the structure that we expect to unfold.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move
GERM30After catching a nice short on DAX yesterday, on the daily timeframe market has closed with the candle we expect the next one to fill in the wick, on the 4hr timeframe market is below resistance and is forming a nice new downtrend giving us a confluence of resistance.I am waiting for market to break back down below the previous low for better confirmations before we can take another short.
DE30 corrective before the bullish stormA trendline is forming, RSI gives an overbought signal and the price reaches an all time high with reassuring news on the German economic level. A corrective wave could happen in the next few days before an all time new high. Stay tuned !
If you like the idea, support us with a like and follow.
MacroForex
DAX – Correction overdueShort analysis on the DAX in the context of the cyclical calculation
On further rising prices is to be counted on the German leading index only with very much imagination. On the contrary! According to our calculations, a price decline of several weeks must necessarily be included.
We strongly advise against any long positions in the current environment. We see the probability of a further rise with a good risk-reward ratio only far in March.
Our subscribers will receive the coming low (exact turning date and probability of hit) as usual via our distribution list.
Notice:
Despite careful analysis, Global Investa does not guarantee the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor and investment advice from a professional investment advisor who takes into account the individual economic circumstances and the level of experience of the customer.
New Week, New OpportunitiesHere's our overview on the DE30 for the upcoming days. As always we say, never trade equities without following the news.
If you like the idea, support us with a like and a follow and don't forget to leave your opinion in the comments section.
This analysis is for educational purpose and not to be used on real accounts.
DAX on the way to a reversalThe German leading index DAX seems to be getting more and more stuck in the area around 14,000 points. Should there therefore be another upward impulse before the imminent reversal date on 19 February, this would be an interesting opportunity to start a possible short exposure. Looking at the end of the month, a downward trend towards 13,800 points is more likely. In the event of a possible correction, one should even have levels in the area of 13,400 points on the agenda. There, the index looks well protected for the time being, so that short covering could occur. These in turn should lead to rising prices.
If, contrary to expectations, the DAX is able to establish itself above the 14,000-point mark, the level of 14,500 points remains in the sights of market participants. Above this level, the level of 14,800 points would become interesting.
Note:
Three special analysis methods are used within our trading strategy. Only partial aspects have been published in this article and it represents neither a complete trading system nor investment advice or a recommendation to buy.
GERMANY30 another dump coming GERM30 possible re entry lining up after catching a nice sell yesterday, we are now waiting to see how 4hr candle closes market is currently testing previous support as new resistance we also have the confluence of resistance with the downtrend and we still haven't completed the daily W pattern so still room to fall, waiting for market to show us some valid entries.