Last failure test short GER40 Stopped out last entry, one more shot. If we don’t drop here then waiting for something completely different. This is a really hard way to trade but some people need to go against the grain. Shortby persistent_edgeUpdated 111
DAX up until yield curve reverses upwardSurrounded by bears > i thought I'd post a bullish view. On the weekly chart SMA 7, 20, 50 & EMA 200 all pointing up... SMA 50 about non crossing EMA 200 will be the confirmation the trend i snot over... we'll see end of week with NFP. If bull is confirmed Targets are on chart... Estimated ATH summer/sept 2023 Red line invalidate the concept !DLongby olivvUpdated 445
#DAX, #GER30 is ready to fall.-----------DAX DOWNSIDE MOVE IS ABOUT TO HAPPEN----------- DAX index shows a few signs that it is ready to deep dive. The course is at all time high. Economic indicators like GDP, interes rate, emloyment don't support that optimistic behaviour. Weekly RSI is at overbought territory. And daily RSI shows divergence. I think it is time to re-consider the long positions at least or rather start to build a short position on German stock index. Shortby SzuperpotykaPublished 0
Ger30 from a point of interestResistance retested and now on the way downwards to the 3rd touch within the trendline lets see if it will be able to break itGShortby iwasbornrichPublished 0
Potential bounce to new ATHs?The DAX (DE40) could fall towards an overlap support at 17,903.18 which has been identified as a pivot point. Price could potentially bounce off this level to make a new all-time-high (ATH). Pivot: 17,903.18 Support: 17,659.90 Resistance: 18,263.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.DLongby ICmarketsPublished 4
Germany 30 19/03Pair : Germany30 Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Completed " 123 " Impulsive Waves Break of Structure Fibonacci Level - 261.8%by ForexDetectivePublished 3
GER30 Weekly Idea 3.19.24 Idea based on multi-timeframe h/l's, IB's, OB's. All buy levels smashed creating new high. Looking to see if we create lower low on higher time frame or continue higher. by MsLionhillPublished 0
Buy Side Momentum This Morning On DE30, Possible 50 points m#DE30EUR Buy Side Momentum This Morning On DE30, Possible 50 points mve, Scalp Setup till Ny Session GMT London time Longby BLUEFXCPHDGPTYLTDUpdated 1
Weekly Technical Analysis 18/03/2024Start 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 Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves 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). --------------------------------------------------------------------------- Analysis Germany 40 has continued its bullish trend in the impulsive phase, with a notable rise in price to 17,962, now positioned above its upward-sloping 20-period VWAP of 17,758. The index has established new support at 17,402 and is encountering resistance near 18,115. The RSI has slightly increased to 68, suggesting sustained positive momentum. UK 100 is currently in a neutral trend, showing signs of consolidation, with its price at 7,733, positioned just above the slightly increasing 20-period VWAP of 7,689. The index's support level is now at 7,597, with resistance identified at 7,781. The RSI has risen to 56, indicating a mild shift toward bullish sentiment. Wall Street is still in a bullish trend but is now in a corrective phase, with the price adjusting to 38,696, slightly below the upward-sloping 20-period VWAP of 38,863. The index's support is at 38,532, with resistance determined at 39,195. The RSI is at 48, reflecting a neutral momentum state. Brent Crude has entered a bullish trend, now in the impulsive phase, with its price increasing to 85.60, significantly above the 20-period VWAP of 82.82. The support level is at 80.12, with resistance closely set at 85.76. The RSI has improved to 67, indicating stronger bullish momentum. Gold is still in a bullish trend but is paying within what is still an impulsive phase, with the price adjusting to 2,153, which is comfortably above the 20-period VWAP of 2,117. The support level has been revised to 2,002, with resistance now at 2,232. The RSI has decreased to 65, still reflecting strong bullish sentiment. EUR/USD remains in a bullish trend and just about in the impulsive phase, with its price at 1.0900, marginally above its upward-sloping 20-period VWAP of 1.0879. The support is now at 1.0786, with resistance at 1.0972. The RSI at 54 indicates a stable positive momentum. GBP/USD has maintained its bullish trend in the impulsive phase, with its price at 1.2738, slightly above the upward-sloping 20-period VWAP of 1.2732. The support has been adjusted to 1.2591, with resistance at 1.2868. The RSI at 52 suggests a continuation of bullish sentiment. USD/JPY is still in a bearish trend, recently entering the corrective phase, with its price at 149.22, marginally above the 20-period VWAP of 149.18. The support has been revised down to 146.32, with resistance at 151.83. The RSI at 53 indicates a shift toward neutral momentum from previous bearish sentiment. by SpreadexPublished 0
DE 18 Mar 24DE 18 Mar 24 This is a guideline for trade on 18 Mar 24 Happy trading everyone05:05by Link_KSPublished 0
#202412 - a weekly price action market recap and outlook - daxGood Morning and i hope you are well. Last week the dax bulls created a potential exhaustive very big island gap, US indexes ranged at the highs, gold ranged after the uber bullish move up and oil did exactly what i have been writing for many weeks now. No matter how you want to draw it, Nasdaq made lower lows, printed 2 consecutive weekly bear bars (last time was end of October) and closed below the daily 20ema. You can bet your Glutes that i have my hopes up, this will finally roll over. The drops in Bitcoin were also big enough to flip the market to always in short if bulls cant bring this above 70000 again. So i think given Opex and FOMC next week and the price action, we are probably having a key week for the markets ahead of us. dax Quote from last week: bull case: Bears printing a small pullback on the daily chart which probably will be bought up to 18000 and maybe higher. Market gives no signal to stop buying for new highs so algos won't stop. Adjusted my wave outlooks a bit. Nothing bearish about this at all, 18000 is the next logical target and my bullish wave thesis is still going strong. My target was 18400 for this bull leg but ofc it could be that we over/undershoot. If bears manage to get it down to 17700, that was support last time and i expect bulls to buy it again. This week, bulls formed the third big bullish gap on the daily time frame, since the bull market started 2023-10. So what are the odds of the market doing a fourth before having a bigger correction? If you find an example where German GDP contracted while Dax did this, please let me know. We will close 2 of those 3 gaps in Q2, which would only bring us down to around 17000. The odds of this gap being a measuring one to break above the bull trend line starting 2023-02 are so abysmally small, that we could actually see an island reversal here to mark this as a top. If bulls can keep the gap to 18000 open and break above the bull trend line 18300, i’m fairly certain this won’t stop until 19500/20000. bull case: Bulls want the daily gap to 18000 to stay open and have the next breakout which could be the third leg up for the latest bull trend that started with the breakout on 2024-02-21. That third leg could give us 18600 and would invalidated the smaller bull trend lines on the chart and give us the bigger one, which started before the Covid crash and could lead to 20000. I think the probability of this happening is as great as Tesla FSD actually being FSD in the next 2 years. Daily 20ema is still 500 points away and has not been touched for more than a month. bear case: Everything you read in this section makes more sense than the bull case, however, until bears close those bullish gaps and we see the market trading below the daily 20ema, everything in here is low probability as well. Can 18329 be the high and we drop 500 points to trap many bulls? Absolutely. Did the market stop making new all time highs for some time? Hell naw and that’s why you don’t look for shorts until bears show strength. We again are at multiple upper trend lines, calculated measured move targets and so far away from the 20ema, that if the market turns, it will probably turn violently. Bears first target is still to stop the market from making new ath and close the gap to 18000. outlook last week: “up is the only way and it will take way more from the bears to stop it. should only look for longs or very big consecutive bear bars with follow through before shorting” → Last Sunday we traded 17775 and now we are at 17791. Ok outlook. Bears created very weak bear bars on the daily chart, which made every bear cautious and scalping. Bulls took over on Wednesday where they stalled the market and bears then gave up on Thursday. short term: break above 18400 and this might just run straight to 18600 and that would open the door for 19000 and 20000. Invalid below 18000 and if bears actually show up, depending on the strength, could easily fall straight to 17700. medium-long term: the weekly chart gives nothing but bullishness so higher prices are expected. my long term outlook stays bearish and i expect at least a -30% correction in 2024. —unchanged Chart wave thesis was not updated and is still valid. Will update if either of mentioned breakouts happen. by priceactiontdsPublished 0
DAX, will the next crisis end the current phase?Hello everyone, this is not a usual trading analysis. So don't take any trades from monthly levels, as you can't manage the risk at all. What you can see is my try to figure out how the DAX went through different states of price development and really interesting to see is, that every big crisis ended one phase and opened a new one. In my point of view we are currently at the way to the upper boundary of the recent phase and should reach it within the next year. The question is, where will the price finally find a solid ATH and start to correct? According to my last daily analysis a strong zone could be around 17.600, but if the economy is holding really strong into next years, higher prices are possible of course. If you want to be in the big short trade, that I'm anticipating from the upper boundary, you have to wait patiently for a fundamental crisis, which has more impact than the banking crisis, energy crisis or the current wars, as they didn't stop the price for a long time. The only reason I can anticipate for now is a comeback of high inflation with even higher interest rates, that end up in a big recession and the consequences for the banking and financial system. I will monitor this scenario next year, especially the month february and march are likely to offer crisis potential.by KyreanUpdated 8
DAX GER40 BUY LONGHi everyone, I'm aiming for a bullish continuation on the GER40, and have placed a STOP LOSS and a TAKE PROFIT.Longby InfiniteYPublished 18
Possible ReversalFailed to break the last high and instead, made a double top. There's a probability of a reversal.Shortby PickwickTradingPublished 3
GER40Trading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade.Shortby robertthamaePublished 1
DAX: Overbought on 1D and in need of a technical correction.What makes us expect a technical correction this time, is the similarity in terms of RSI with mid February 2023. It took another 3 weeks for the price to decline but not before the RSI completed a Cup and Handle pattern. That was a -8.00% decline, we are aiming from the current levels for a -6.40% decline, which happened another 2 times, so our target is near the S1 level (TP = 16,900). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScopePublished 9
The Euphoria DAX40 Continues or is a Change Coming?This day, the DAX40 has started higher , recovering the ground lost in recent days. Expectations for the euro zone are upbeat, especially for inflation, trade balances and retail sales data, with expectations for an improvement in German earnings standing out. Sales in the Italian market will be key for the Milan index, looking to close the week in positive, if the forecast is met. Unlike the beginning of this week, marked by pullbacks due to massive selling and position closures, inflation data has prompted the European Central Bank last week to continue with its cutting projection, seeking confirmation in the current data. In this way, it is seeking to cut the phenomenon of the economic cycle movement in which we find ourselves. In the United States, the Fed's decisions have influenced the commodities market and the EURUSD cross, doing more or less as expected this week. Regarding the DAX40, looking at its price construction, the index price has been in a sideways range since the end of February, reaching highs yesterday at midday. Today, it has risen by 0.68%, suggesting a possible bullish continuation if the data is favorable and similar to expectations trying to find the 18,500 points. Otherwise, a rebound towards 17,612 points could be generated, remaining in the current range. The RSI shows an overbought level of 66.62%, with overall market sentiment predominantly bull driven. The current price bell shows a quadruple bell with price dominance in the area of 17,706 points. These indicators suggest a possible reversal to the downside which could signal a continuation of the price zone where it has held since late March. It is worth keeping an eye on the day's news for further developments. Ion Jauregui - AT Analyst The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. GLongby ActivTradesPublished 5
Trade Plan (Pending): I am selling DAX 40 (GER40) at 18,050 Bespoke support is located at 17,683 and 17,085. Using projection analysis for an Elliott Wave count (5 waves) offers a resistance level of 18,053. The one-hour time frame highlights an ending wedge pattern. The trend of higher highs is located close to the projection level. On a break of the trend of higher lows at 17,817, the measured move target is 17,660. Selling into rallies offers a good risk-reward ratio. Selling at 18,050 SL: 18,150 TP1: 17,085 Risk/Reward Ratio of 9.65R #tradeplan #DAX Shortby IanColemanUpdated 2213
Rising to Fibonacci level?DAX is on the pivot point at 17909.64, price could bounce off the pivot and rise to resistance that aligns with 161.8% Fibonacci extension. Pivot: 17909.64 Support: 17653.29 Resistance: 18043.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. DLongby ICmarketsPublished 2
DAX Short Term Should Stay SupportedShort Term Elliott Wave view in DAX suggests cycle from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and pullback in wave ((ii)) ended at 16830.28 as the 30 minutes chart below shows. The Index then rallies higher within in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 17198.45 and pullback in wave (ii) ended at 17019.15. The Index extended higher in wave (iii) towards 17816.52 and pullback in wave (iv) ended at 17619.4. The Index extended higher again in wave (v) towards 17879.11 which completed wave ((iii)) in higher degree. Pullback in wave ((iv)) subdivided into a zigzag structure. Down from wave ((iii)), wave (a) ended at 17795.13 and wave (b) ended at 17860.51. Wave (c) lower ended at 17662.55 which completed wave ((iv)). The Index has extended higher in wave ((v)) with internal subdivision as 5 waves impulse. Up from wave ((iv)), wave i ended at 17849.8 and wave ii ended at 17746.89. Index extended higher in wave iii towards 18001.42 and wave iv ended at 17939.50. Final leg wave v ended at 18039.05 which completed wave (i). Expect wave (ii) pullback to find support in 3, 7, or 11 swing for further upside, as far as pivot at 16830.28 low stays intact.by Elliottwave-ForecastPublished 1
Short after support breakThe Dax40 broke a lower time frame structure, 17930 was a support which was respected at lot, but a quick scapl can be spotted. The trend is although still bullish but the short term bearish setup could be placed upon retest of the structure. Shortby letsgetinonepercentPublished 0
GER30 LongReason: Market Structure = Bullish Break of Structure Fair Value GapGLongby Roffaboy010Published 2
Ger40 sell Cracks appearing in the run up now. Decent supply coming into the markets. If that shuts off abruptly and gets bought into another short squeeze then I’m wrong. If supply flushes down then could be a big one. Aim for breakeven at signs of failure to push down as it should go quick. This is a low probability, high reward trade. Shortby persistent_edgePublished 5