DECEUR trade ideas
Dax (Eurex) may rise to 18640.00 - 18770.00Pivot
18200.00
Our preference
Long positions above 18400 with targets at 18640.00 & 18770.00 in extension.
Alternative scenario
Below 18200.00 look for further downside with 18100.00 & 18000.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Supports and resistances
18875.00
18770.00
18640.00
18559.00 Last
18200.00
18100.00
18000.00
Number of asterisks represents the strength of support and resistance levels.
DAXPair : DAX Index
Description :
Symmetrical Triangle as an corrective pattern in Long Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Bearish Channel as an Corrective Pattern in Short Time Frame
DAX H1 | Falling to pullback supportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 18,463.01 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 18,360.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 18,633.73 which is a swing-high resistance that aligns with the 127.2% Fibonacci extension level.
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Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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DAX - SYMMETRICAL TRIANGLE BREAKS UP?Having traded in a daily range for several weeks/months now, Germany's most famous index has seen its medium-term trend remain neutral.
However, the symmetrical triangle, a pattern much appreciated by traders, has been forming on the index for several days now, providing a clear indication of the supports and resistances offered by the price action.
At the time of writing, the price is close to 18,520 points and in contact with the triangle's descending resistance. A break of this level could take prices back to the next resistance level, 18,750 - 18,790, where some buyers will certainly lighten up their positions and some short sellers will poke their noses in.
Bear in mind that the all-time high on the DAX is just above this at 18,913.
A failure of the buyers on the descending resistance of the triangle could bring the price back to the bottom of the triangle and allow the continuation of the pattern and therefore of the index's range.
Maxime Dominguez - Analyst for Activtrades
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Conservative idea for SamGreetings,
Dear friends, I hope you are well and have a week full of successful and profitable transactions.
My analytical view:
What is more likely is that the structure and micro-degree of the waves in the first and third waves indicate that there is one wave degree left to complete the impulse pattern.
As for the fourth wave pattern that has happened so far, it is a double zigzag pattern, and it is also a diagonal pattern, which is also an extended zigzag correction. It is expected that after crossing the price of wave B, the mentioned zigzag pattern will witness price action. Breaking out of the correction channel shows a stronger confirmation of the completion of the fifth wave.
However, I also consider the possibility that the fifth wave has completed to a greater degree than the third wave and is currently completing a fourth wave to a greater degree. Another zigzag pattern may occur, and we will see a sideways correction pattern in the future. Short-term bearishness for the multiple zigzag pattern is also expected; however, the bullish market will continue to complete an impulse pattern on a larger daily basis.
Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far.
A brief explanation of the three fundamental laws of the wave principle:
1. The second wave should never go beyond the beginning of the first wave.
2. The third wave should never be the shortest wave between waves 1, 3, and 5.
3. The fourth wave must never enter the territory of the first wave.
Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply.
May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world.
I am attaching the analysis of this market that I shared with you earlier to this current analysis.
The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal.
I apologize for repeating the text.
I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me.
Thank you for taking the time to review my analysis.
First of all, I wish good health and success to all my dear friends and colleagues.
Mr. Nobody
Indesisive Don't trade ger until it make any clear direction. Other wise you'll be trapped. Market type is zoned.
Weekly Technical AnaylsisStart your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend direction is set by the slope of the VWAP over 50 periods
Trend phase is determined by the current price relative to the VWAP (20) level (above or below)
Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
Momentum is determined by the RSI level (70 as overbought and under 30 as oversold).
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Analysis
Germany 40 is still in a sideways consolidation but, with the price stuck close to the VWAP of 18,430. Support and resistance levels have adjusted to 18,129 and 18,722, respectively. The RSI has increased to 50, indicating stable momentum compared to the previous report.
UK 100 looks to be breaking out of its neutral sideways trend and is now in a new bullish impulsive phase, with the price increasing to 8,353, above the VWAP of 8,191. Support has adjusted to 8,077, while resistance has decreased to 8,306. The RSI has increased to 63, reflecting a significant increase in momentum.
Wall Street remains in a bullish trend and has entered an impulsive phase, with the price increasing to 40,686, now above the VWAP of 40,229. Support and resistance levels have adjusted to 39,143 and 41,316, respectively. The RSI has increased to 62, indicating strong bullish momentum compared to the previous report.
Brent Crude remains overall choppy and trendless but has entered a short term bearish impulsive phase, with the price decreasing to 80.31, now below the VWAP of 83.14. Support has adjusted lower to 79.11, while resistance has increased to 87.17. The RSI has decreased to 35, indicating a lack of strong bullish momentum.
Gold remains in a neutral trend and is in a consolidation phase, with the price steady at 2,389, now below the VWAP of 2,403. Support has adjusted lower to 2,344, while resistance has increased to 2,463. The RSI has decreased to 50, indicating stable momentum.
EUR/USD remains in a bullish trend but has entered a corrective phase, with the price decreasing to 1.0834, now below the VWAP of 1.0868. Support has adjusted lower to 1.0800, while resistance has increased to 1.0936. The RSI has decreased to 48, indicating reduced bullish momentum.
GBP/USD remains in a bullish trend but has entered a corrective phase, with the price decreasing slightly to 1.2814, now below the VWAP of 1.2901. Support has adjusted higher to 1.2770, and resistance has increased to 1.3033. The RSI has decreased to 44, indicating reduced bullish momentum.
USD/JPY remains in a bullish trend and continues in a corrective phase, with the price decreasing to 153.63, now below the VWAP of 157.36. Support has adjusted higher to 152.10, while resistance has increased to 162.63. The RSI has decreased to 28, reflecting a significant reduction in bullish momentum compared to the previous report.
DAX**DAX:**
This week's forecast is for the price to rise to the zone between 18884.84 and 19037.47, which coincides with the top of the channel.
DAX Coiling for BreakoutGermany's DAX index has spent the last six months or so coiling within an ever-tighter symmetrical triangle pattern centered at 18,500.
With other non-tech-focused indices like the Dow Jones Industrial Average and FTSE 100 breaking out of their own consolidation patterns, German investors will be hoping for a similar bullish break to record highs near 19K. Meanwhile, a bearish breakdown below 18K could target the 200-day MA near 17.5K next.
-MW
Up and awayIts been said the markets are set to have a big week as the Federal Reserve, the Bank of England and the Bank of Japan all set to hold policy meetings and Non farm payrolls on Friday.
There will also be big tech earnings.
Us30: From what I can see Us30 has reacted from a demand zone very well which is below break on the BSL (BOS on a high time frame) and I'll look for it to continue hopefully to 41414.72. Price is still hovering above and outside Junes range so I'll expect August pricing to open and close outside that area.
Ger40: DAX has me questioning my analysis because it hasa been very sideways and hard to read. Not too much strength in movement and still in Junes price range. But as I set back and analyse I have to remember this is just and accumulation phase which could indicate storng movement coming or a reversal. All of my own mark up lead me to think price needs to reach 18920.5 but I will have more confidence if price can show strength and pass 18645.1
Ger30 - August Short SetupVarious Channels and ABCD short setup identified.
This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 18,666.26 to 17,625.74 within the next 7 days.
Expiry Date/Time: 8/8 03:14
Don´t miss selling the highs on DAXThe current uptrend on the DAX/GER40 is showing signs of weakening, with mixed signals appearing across various indicators. My strategy involves monitoring for a price drop below the 50 MA, where I've set a Sell stop order to trigger at 18,272. My optimal target for this position is 17,054.3.
I anticipate significant market movement throughout the next week, aligning with my approach of entering swing trades on the DAX. Should the price action continue to rise and surpass the 18,700 mark, there is a potential for it to reach the 18,700-19,000 resistance cluster. This range is a strategic point for selling at a high, offering excellent profit potential as the DAX hovers around its all-time high range. Remember, markets do not move in a single direction indefinitely.
Stay vigilant and prepare for these key levels to capitalize on potential market reversals and continuation patterns.
Happy weekend! 🚀📉 #DAX #GER40 #TradingStrategy #SwingTrading #TechnicalAnalysis
GER30 Possible Bearish moveThere is a CHoCH on the 4hr indicating a possible downtrend, with a BOS liquidity grab.
Price heading to a sell zone for the possible bearish move.
Remember: Risk Management very Important
GERMAN 30 BUY BIASPrice rejected monthly support then the previous HL was broken indicating a trend change to me. Looking for Buys after getting entry confirmations
DAX H1 | Potential bearish breakoutDAX (GER30) is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 18,175.94 which is a potential breakout level.
Stop loss is at 18,300.00 which is a level that sits above a pullback resistance.
Take profit is at 18,036.36 which is a swing-low support that aligns close to a confluence of Fibonacci levels i.e. the 100.0% projection and the 127.2% extension levels.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short AgainWe have classically retraced the decline of last week. Now this retracement has reached an important resistance point. It is the March top, the top of 5th-6th June and the temporary May bottom. Together with the 50% retracement it seems to be resistance enough to risk a sale.
