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DAX Still consolidating. Trade the break-out.Not much have changed on the German stock market (DAX) as the price is still consolidating within the All Time High Lower Highs trend-line of January (Resistance) and the 0.382 Fibonacci retracement level (Support). Being below the 1D MA50 (blue trend-line) as well, scalpers may find some value trading the 1D MA50 - 0.382 Fib Zone but a lower risk trade lies on the break-out, either above the Lower Highs trend-line (bullish targeting the 1D MA200 (orang trend-line) and then the All Time High) or below the 0.382 Fib (bearish towards the 0.236 Fib/ 1W MA200 (red trend-line) and then the March lows. While the 1D RSI favors the downside, keep an eye on the MACD for a Bullish Cross, which will shift the sentiment upwards. Also on a longer-term horizon, this looks like an Inverse Head and Shoulders on a declining trend with the ATH Lower Highs trend-line as the Resistance to break. And that is typically a bottom pattern calling for a trend reversal to the upside. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!
by TradingShot
2
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
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
DAX about to make a significant bullish break-outDAX is testing today the 1D MA50 (blue trend-line) for the first time since February 02, where it failed to make a close above (despite breaking it intraday) and got rejected. On the long-term we see that the 14,810 Support has held on 5 tests since May 2021, and up until the January 05 2022 Double Top, we've had Higher Highs. The long-term trend thus remains bullish. If the index closes a 1D candle above the 1D MA50, we expect a rally towards (at first) the 16290 Resistance. Notice that when the 1D CCI was on the current levels previously, DAX printed a Higher High/ Higher Low pattern. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
2
DAX is approaching its bottom. Which indicators to look at.DAX has been trading for long within a very specific set of indicators that have very accurately signaled tops and bottoms. The top was eventually priced as per our update earlier this year: The signs of exhaustion were clear at the time. It wasn't just the fact that the index was trading near the top of its Channel Up but also the 1D CCI indicator entering its long-term Resistance Zone. Right now, if the index doesn't find support today on the Internal Pivot line, look for two things then: a candle wick below the 1W MA50 (red trend-line) and mostly the CCI hitting its Support Zone. Once the above parameters are met, our next target on DAX will be the 16400 - 16600 Zone (the 1.236 Fibonacci extension as with the November 19 High). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
D
by TradingShot
3
DAX waving a short-term buy signal againFollowing our most recent DAX update, the price did eventually yield to its signs of exhaustion and pulled-back: The pull-back extended as low as the 1D MA50 (blue trend-line) yesterday where it found support and is rebounding today. This could be a short-term buy signal again, the technical overlay was explained on the previous update. As you see this is similar to the 1D MA50 rebound of October 29 which also came close to the Internal Pivot trend-line and pushed the price to its final blow-off top just below the 2.0 Fibonacci extension. A Target Zone within 16400 - 16600 as the new blow-off top is realistic. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
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. ** --------------------------------------------------------------------------------------------------------
D
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
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 Buy Signal long-termPattern: Channel Up on the 1D time-frame Signal: Buy as the price hit and held the Higher Lows (bottom) trend-line of the Channel, while hitting the 1W MA50 (red trend-line) for the first time since November 2020. Also the CCI bounced off its multi-month Support Zone. Target: 16500 (just below the 1.236 Fibonacci extension). -------------------------------------------------------------------------------------------------------- ** 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. ** --------------------------------------------------------------------------------------------------------
D
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 Bullish continuation towards 16000.My last DAX analysis was on a bus signal after the price broke above the 4H MA50: The short-term target of the 4H MA200 eventually got reached and now I shift my focus for the medium-term back to the 1D time-frame. As you see the price has been trading around the 1D MA50 (blue trend-line) for a week. The very same consolidation pattern around the 1D MA50 was last seen from July 23rd to August 3rd. It led to the formation of the 16030 All Time High/ Resistance. I am expecting a similar rise/ target. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
1
DAX Broke above the 4H MA50. Buy Signal.Pattern: Channel Up on 4H. Signal: Buy as the price broke above the 4H MA50. Target: 15500 (just below the 4H MA200). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
1
DAX hit the 1D MA200, first time since the US elections!DAX hit today the 1D MA200 (orange trend-line) for the first time since November 04 2020, which was the period of the U.S. elections. That was at the start of a very aggressive end-of-the-year rally. Right now the index is rebounding after having made a Double Bottom just below the 15040 Support. If we also consider the July 19 Low, then this can be treated as a Triple Bottom. It is possible to see a similar pattern as May - June 2021, which also rebounded after a Double Bottom, that time on the 1D MA50 (blue trend-line, which is the first Resistance) instead of the MA200. The RSIs of the two fractals are on Inverse Head and Shoulders. The medium-term target is naturally the Resistance (16000), while on the long-term a price range within 16250 - 16400 as every previous Higher High since June has been near the 1.382 Fibonacci extension . ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
1
DAX Buy SignalDAX is rebounding after approaching two key pressure levels: the 1D MA200 (orange trend-line) and the 15040 Support (1). Last time the price rebounded on the level, it topped at 16,030 (current Resistance) after consolidated within a mini Bull Flag around the 1D MA50 (blue trend-line). The Flag signal is the MACD Bullish Cross so keep an eye. The medium-term target is naturally the Resistance, while on the long-term a price range within 16250 - 16400 as every previous Higher High since June has been near the 1.382 Fibonacci extension. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
DLong
by TradingShot
2
DAX Buy Signal within the Channel UpPattern: Channel Up on 1D. Signal: Buy as the CCI entered the Buy Zone and the price is near the Higher Lows (bottom) trend-line of the Channel Up. Target: 16200 (just below the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> GJMRealEstate --------------------------------------------------------------------------------------------------------
XETR:DAXLong
by TradingShot
DAX Fractal from 2017 hints to one last HighThis is a fractal comparison for DAX on the 1W time-frame. As shown on the chart, the Channel Up since the October 2020 low has many similarities with the Channel Up since the June 2016 low. They both started after a recovery of the price below the 1W MA50 (blue trend-line) and continued posting Higher Highs for as long as the 1W MA50 was supporting. In 2017 the final peak came in October (one marginal break and rejection in Jan 2018) and then the index corrected back below the 1W MA50, even the 1W MA200 (orange trend-line). Based on the Fib extensions, the 3.0 level should hold (even with a marginal break below) it and push the index for that last High on the 5.0 level at 16700. Even their RSI sequences seem fairly symmetrical. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> sikret --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!
by TradingShot
DAX Bullish fractalPattern: Channel Up on 1D. Signal: Buy as long as the 1D MA50 holds or if the Channel Up breaks upwards. The pattern resembles the Nov 2020 - March 2021 Channel. Target: 16500 (the 2.0 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoCreatin --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!Long
by TradingShot
3
DAX Ready for a strong reboundPattern: Channel Up on 4H. Signal: Buy as the price is re-testing the 4H MA200 (orange trend-line) on a potential Double Bottom similar to late February. Target: 16300 (just below the 2.0 Fibonacci extension level). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> StockSwinger --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!Long
by TradingShot
1
DAX Buy SignalPattern: Channel Up on 1D. Signal: Buy as the price entered the 1D MA50 (blue trend-line) - 4H MA300 (yellow trend-line) Buy Zone. This has initiated a rebound twice within the Channel Up. Also the RSI is on its 4 month Support Zone and the MACD close to it. Target: 15500 (Resistance) and 16200 (Higher High) in extension. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!Long
by TradingShot
1