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FDXS1! trade ideas

DAX broke above the 1D MA100. Important Lower High test.The German Index DAX (FDAX) is attempting today a 1D candle closing above the 1D MA100 (green trend-line) and if successful it will be the first since June 07. Despite the bullish short-term action, this is not the time to double down on buying as the January 05 Lower Highs trend-line (1) is right above, providing Resistance. On top of that, the 0.382 Fibonacci retracement level is at 13855. Only a break above the LH (1) can justify further buying, targeting the 1D MA200 (orange trend-line) and the 0.5 Fib. Until then, it is likely to see a rejection and short-term pull-back to test the 1D MA50 (blue trend-line) as Support. Note that if the index breaks above the 1W MA50 (red trend-line), we can claim that the trend will turn bullish on the long-term. A strong sign that we may be turning bullish on the long-term is the fact that the RSI on the 1W time-frame is on Higher Highs since March 21 with the price rebounding after the Double Bottom. We saw the exact opposite formations right before the 2022 correction started. Price formed a Double Top while the 1W RSI was on Lower Highs. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
EUREX:FDAX1!
by TradingShot
3
Mini DAX Futures (FDXM1!), H4 Potential for bullish riseype : Bullish Rise Resistance : 14210 Pivot: 13664 Support : 13376 Preferred Case: On the H4, with price moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise from pivot at 13664 where the pullback support is to the 1st resistance at 14210 in line with 100% fibonacci projection and 78.6% fibonacci retracement . Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13376 where the overlap support, -27.2% fibonacci expansion , 100% fibonacci projection and 23.6% fibonacci retracement are. Fundamentals: As the US Consumer Inflation eases, we have a bullish view on DAX Index .
EUREX:FDXM1!
by Tickmill
Mini DAX Futures (FDXM1!), H4 Potential for bullish riseType : Bullish Rise Resistance : 14210 Pivot: 13664 Support : 13376 Preferred Case: On the H4, with price moving above the ichimoku indicator and within the ascending channel, we have a bullish bias that price will rise from pivot at 13664 where the pullback support is to the 1st resistance at 14210 in line with 100% fibonacci projection and 78.6% fibonacci retracement. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13376 where the overlap support, -27.2% fibonacci expansion, 100% fibonacci projection and 23.6% fibonacci retracement are. Fundamentals: As the US Consumer Inflation eases, we have a bullish view on DAX Index.
EUREX:FDXM1!Long
by Genesiv
DAX INDEX Futures (FDAX1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 13802 Pivot: 13452 Support : 13013 Preferred Case: On the H4, with price breaking the ascending channel and MACD histograms are moving below zero, we have a bearish bias that price may drop from our pivot at 13452 where the 23.6% fibonacci retracement is to the 1st support at 13013 where the overlap support and 50% fibonacci retracement are. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 13802 where the swing high resistance and 61.8% fibonacci retracement are. Fundamentals: USD CPI m/m will release today, the potential tighten monetary policy may lead to European stock markets edged down.
EUREX:FDAX1!
by Tickmill
DAX INDEX Futures (FDAX1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 13802 Pivot: 13452 Support : 13013 Preferred Case: On the H4, with price breaking the ascending channel and MACD histograms are moving below zero, we have a bearish bias that price may drop from our pivot at 13452 where the 23.6% fibonacci retracement is to the 1st support at 13013 where the overlap support and 50% fibonacci retracement are. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 13802 where the swing high resistance and 61.8% fibonacci retracement are. Fundamentals: USD CPI m/m will release today, the potential tighten monetary policy may lead to European stock markets edged down.
EUREX:FDAX1!Short
by Genesiv
Micro DAX Futures (FDXS1!), H4 Potential for bullish riseType : Bullish Rise Resistance : 14216 Pivot: 13674 Support : 13348 Preferred Case: On the H4, with prices moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 13674 where the pullback support is to the 1st resistance at 14216 where the 78.6% fibonacci retracement and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 13348 where the overlap support, 100% fibonacci projection and 38.2% fibonacci retracement are. Fundamentals: Due to concerns of inflation , we have a bearish view on the DAX Index . We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
EUREX:FDXS1!
by Tickmill
Micro DAX Futures (FDXS1!), H4 Potential for bullish riseType : Bullish Rise Resistance : 14216 Pivot: 13674 Support : 13348 Preferred Case: On the H4, with prices moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 13674 where the pullback support is to the 1st resistance at 14216 where the 78.6% fibonacci retracement and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 13348 where the overlap support, 100% fibonacci projection and 38.2% fibonacci retracement are. Fundamentals: Due to concerns of inflation, we have a bearish view on the DAX Index . We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
EUREX:FDXS1!Long
by Genesiv
DAX Futures (FDAX1!), H4 Potential for bullish riseType : Bullish Rise Resistance : 14222 Pivot: 13674 Support : 13341 Preferred Case: On the H4, with prices moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 13674 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 14222 where the 78.6% fibonacci retracement and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price could drop to the 1st support at 13341 where the overlap support and 38.2% fibonacci retracement are. Fundamentals: Due to the House Speaker Nancy Pelosi's trip to Taiwan capital, Taipei, the DAX Index is exposed to downside risk and we have a bearish view on the DAX Index . We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
EUREX:FDAX1!Long
by Genesiv
DAX FUTURES (FDAX1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 13814 Pivot: 13348 Support : 13004 Preferred Case: On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 13348 in line with overlap support to the 1st resistance at 13814 where the 61.8% fibonacci retracement , 127.2% fibonacci extension and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13004 where the pullback support, 50% fibonacci retracement and 100% fibonacci projection are. Fundamentals: Due to the House Speaker Nancy Pelosi's trip to Taiwan capital, Taipei, we have a bearish view on the DAX index . We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
EUREX:FDAX1!
by Tickmill
DAX FUTURES (FDAX1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 13814 Pivot: 13348 Support : 13004 Preferred Case: On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 13348 in line with overlap support to the 1st resistance at 13814 where the 61.8% fibonacci retracement, 127.2% fibonacci extension and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13004 where the pullback support, 50% fibonacci retracement and 100% fibonacci projection are. Fundamentals: Due to the House Speaker Nancy Pelosi's trip to Taiwan capital, Taipei, we have a bearish view on the DAX index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
EUREX:FDAX1!Long
by Genesiv
DAX: Deep BreathDAX should draw a deep breath because it has quite the way downwards coming up. We expect the index to head for the support at 12425 points, crossing it to dive into the green zone between 12140 and 11150 points, where it should finish wave 2 in green. Afterwards, DAX should take off again, climbing not only back above 12425 points but also above the resistance at 13682 points. There remains a 33% chance, though, that the index could surmount the resistance at 13682 points earlier already.
EUREX:FDAX1!
by MarketIntel