Daily analysis and trade setups on DAX Ger30 20220801Happy Monday, Happy August
Dax now has to establish above 13580 to be completely bullish. The trend is definitely up and anybody can see that.
I will publish monthly analysis separately but current move looks like a pullback on overall downtrend. If that is true then a continuation in monthly trend towards downside could be very gib. Alternatively, it can stay within the 13k to 14k range and give us some good day trading opportunities.
Today's pivotal level is 13390. It remains bullish on the day above that and bearish below
Buy
Break: 13470, 13540, 13590, 13680
Reversal: 13390, 13340, 13320, 13250, 13190, 13100
Sell
Break: 13440, 13410, 13340, 13300,
Reversal: 13550, 13610, 13680, 13840, 13960
Green goblin chart is here >>>
Confluence chart is here >>>
Germany30
Joe Gun2Head Trade - Heading higher int he short termTrade Idea: Selling NASDAQ
Reasoning: Into huge resistance on the weekly chart
Entry Level: 12888
Take Profit Level: 12110
Stop Loss: 13192
Risk/Reward: 2.47:1
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.
Daily analysis and trade setups on DAX Ger30 20220729Happy Friday and Happy Last Trading Day of the Month
DAX range has compressed so it is making multiple levels of support and resistance. We simply have to deal with it until it makes up its mind and moves
The bias is turning bullish by the day but the drop is going to be significant. So always be careful. " Trust the trend but verify " in force
Macro: EUR Unemployment, GDP, HICP, US PCE, PI + PS, Chicago PMI & Michigan CSI
Mostly directional scalp trades still
Buy
Break: 13440, 13520
Reversal: 13300, 13260, 13220, 13170, 13100
Sell
Break: 13350, 13270, 13220
Reversal: 13450, 13500, 13600, 13690
Chart with Fib Levels here >>>
Chart with TIFib Confluence Levels here >>>
Daily analysis and trade setups on DAX Ger30 20220728Happy GDP Day
DAX has been in a bit of consolidation since 19th July. A strong news can break it out of that range. Current outlook is turning bullish but I would remain careful.
A break above 13380 will set strong bullish direction if it continues after that
Bears have hard work in front of them to break 13070, 13000 & 12810
Macro: EUR business climate, consumer confidence, HICP, US GDP, Jobless Claims
Mostly scalp trades unless a strong directional move comes
Buy
Break: 12270, 13350, 13450
Reversal: 13140, 13080, 12990, 12920
Sell
Break: 13200, 13100, 12990
Reversal: 13270, 13350, 13450, 13600
Chart with Fib levels >>>
Chart with Green Goblins >>>
Chart with confluence levels >>>
Daily analysis and trade setups on DAX Ger30 20220727First of all, Happy Volatility Day
DAX/GER30 is still playing around Chop Zone but everything changes (perhaps) at 13:30 UK / 14:30 EU / 8:30 NY
Blue zones B, C and brown mega zone B are in play. Break above Brown Zone B will change the course of the market
Buy
Break: 13270, 13350, 13440, 13600
Reversal: 12990, 12910, 12830, 12750, 12670, 12630
Sell
Break: 13100, 12920, 12830, 12750, 12925
Reversal: 12340, 13440, 13590, 13840
Only zone chart is here >>>
For more precise levels, here is the Green Goblins chart >>
Confluence chart is here >>
Daily analysis and trade setups on DAX Ger30 20220725Dax is at a pivotal point. Brown Zone B is in strong play. I think it will go where the US markets go. Wednesday's FOMC will keep markets in a tight range.
Macro movers: Germany business climate index
For immediate direction, as far as it remains above 13100, it is in bullish zone.
Blue zones C and B are also in play.
Buy
Breaks: 13225, 13270, 13350,
Reversals: 13100, 12990, 12900, 12830, 12750, 12670, 12620
Sell
Breaks: 13080,12970, 12920, 12850
Reversals: 13370, 13440, 13480, 13550, 13600
For more precise levels, here is the Green Goblins chart >>
www.tradingview.com
Confluence levels are here >>
Daily analysis and trade setups on DAX Ger30 20220721Mega zone Brown B is in play today
Price action may remain in a tight range around 13300 till ECB decision at 12:15
Outlook still remains cautious bullish with Gandalf Line at 13600
Buy levels:
Reversals >> 13200, 13050, 12970, 12920
B/O >> 13300, 13460, 13600
Sell levels
Reversals >> 13850, 13600, 13470, 13300
B/O >> 13190, 13040, 12930
Detailed Chart >>
DAX UPDATE.Germany30 is looking beautiful here for a roll over, strong bearish trend on all time frames in confluence with the bearish fundamentals - makes this a high probability setup.
On the 1D TF price recently broke below structure with a bearish impulse, after the impulse the market has made a nice correction forming a bullish induction trend during the first half of the week, we can identify price is testing the 0.618 but we have a nice strong zone of confluence at the 0.786 which is my POI for potential short entries, we can see price has broke above the intraday descending trendline but the bearish LH LL formation is still valid, this trendline breakout has created liquidity below from retail traders looking to long, i expect the market to move into the liquidity and make the continuation to the downside.
However currently on the 1h and 4H TF everything is short term bullish we need to wait on the LTF for entry confirmations before we can potentially take this setup
Joe Gun2Head Trade - DAX Stalling into resistanceTrade Idea: Selling DAX
Reasoning: DAX Stalling into 38.2% Fibonacci resistance
Entry Level: 12866
Take Profit Level: 12616
Stop Loss: 12970
Risk/Reward: 2.43:1
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.
DE30 27th JUNE 2022Market sentiment shifted to a more negative setting amid fears over surging inflation and slowing economic growth.
Faced with challenges such as increasing material and energy costs, industrial companies in Europe continue to struggle with restricted revenues and operational challenges.
Joe Gun2Head Trade - Speculative long on DAXTrade Idea: Speculative long on DAX
Reasoning: Finding support on the daily chart
Entry Level: 13414
Take Profit Level: 13790
Stop Loss: 14332
Risk/Reward: 3.03:1
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.
GER.30 SIMPLICITYGER.30. Great view i have on the ger.30 simple technical methods i used here. firstly we would do a multi-time frame analysis 1W and see that price broke our major trendline but never came to retest it enough momentum to look for a buy , moving to the 4H chart we see the price created rising channel CLEAN confirmation on the uptrend reversal, with inner patterns formed inside, currently we waiting for price to finish the correction pattern, our point of interest is at @14398,1. Risk management is what keeps you longer in this Game...
Dax30- A pretty nice outlook for bullsUnlike American indices, Dax30 looks like it has finished correcting at the beginning of March with a low at 12500.
After this low, the index has traded pretty constructively and at this moment a higher low can be in place at the 13500 zone.
The falling trend line started at the beginning of 2022 is also broken to the upside and we can assist in further gains this summer.
Traders can look to buy dips around the 14k zone with a negation under 13500 and a break of 15k horizontal resistance can lead to a test of the ATH above 16k.
DE30 18th MAY 2022Since September 20, 2021, the Frankfurt Stock Exchange has officially expanded the components of the DAX 30 index to 40 shares or the DAX 40 index. Of the 40 stocks of selected large companies that are components of the DAX 40 index, as many as 15 stocks made a profit, while 24 stocks suffered losses and one stock traded unchanged. The European Central Bank will be in the spotlight when policymakers meet to decide on a monetary policy path against a backdrop of record-high inflation and fears of a war-induced recession. As it goes, the ECB plans to end its emergency bond purchases at some point in the third quarter. We can see that technically the price is very volatile. we can take advantage of this opportunity to place orders based on chart pattern analysis
DE30 9th MAY 2022
DE30 5th MAY 2022
DE30 19th MAY 2022