GER40 LONG BUYHello everyone, for the ger40 I'm aiming for a bullish continuation after the rebound on the demand zone and the break of the structure.
DE40 trade ideas
Dax Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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GER30 SetupGER30 is bullish on 1 Hour time-frame. I have identified 2 areas of interest tongo LONG. Look for the LTF confirmation before taking any kind of entry. Thank You.
DAX H4 | Falling to pullback supportThe DAX (GER40) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 17,658.75
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 17,451.85
Why we like it:
There is a pullback support that sits under the 38.2% Fibonacci retracement level
Take Profit: 18,255.53
Why we like it:
There is a resistance that aligns with the 61.8% Fibonacci projection level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
DAX Correction very likely. Target 17100.DAX (DE40) is extending a very strong Bullish Leg, which started after the previous short-term correction ended on January 17 2024 with a contact on the 1D MA50 (blue trend-line). This is part of an overall Bullish Wave that emerged on the latest Higher Low (October 27 2023) of the 1.5 year Channel Up.
However as the 1D MACD is about to form a Bearish Cross (which has been a sell signal within this pattern) while the price is already on the -0.382 Fibonacci extension level (which is where it was rejected on the previous Bullish Leg on March 07 2023), we are turning bearish on DAX on the medium-term, targeting the previous Resistance at 17100.
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GER40 Failure Test sellDecent failure test on GER40 Index. Have to be very careful trading against this momentum.
Weekly Technical Analysis 11/03/2024Start 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).
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Analysis
Germany 40 has maintained its bullish trend and the impulsive phase continues with a slight increase in price to 17,746, now above its upward-sloping 20-period VWAP of 17,530. The index finds new support at 17,012 and faces resistance near 18,047. The RSI has decreased to 67, indicating strong positive momentum but is no longer in the overbought territory.
UK 100 is still consolidating in a neutral trend, with its price now at 7,631.5, below the slightly higher 20-period VWAP of 7,672.4. The index's support level has adjusted to 7,605.3, with resistance at 7,739.5. The RSI has decreased to 47, suggesting a shift towards a more bearish momentum than last week.
Wall Street has transitioned from the impulsive phase of a bullish trend to a corrective phase, with its price decreasing to 38,699, below the upwards-sloping 20-period VWAP of 38,818. The support for this index has adjusted to 38,412, with resistance now at 39,224. The RSI has decreased significantly to 49, indicating a reduction to neutral momentum.
Brent Crude is consolidating in a neutral trend with a slight bullish bias, with its price decreasing to 81.62, below the 20-period VWAP of 82.23. The support level has adjusted to 80.78, with resistance remaining very close at 83.67. The RSI is at 48, indicating a shift to neutral momentum.
Gold is rip-roaring into a new bullish trend but with a significant increase in price to 2,178, well above the 20-period VWAP of 2,075. The support level has advanced significantly to 1,950, with resistance now at 2,200. The RSI at 85 indicates a very strong positive momentum, emphasising an increased bullish sentiment but also in overbought territory.
EUR/USD has shifted from the corrective phase of a bearish trend to the impulsive phase of a bullish trend, with the price increasing to 1.0943, above its upward-sloping 20-period VWAP of 1.0849. The support has now adjusted to 1.0741, with resistance at 1.0956. The RSI at 67 indicates a strong shift to positive momentum.
GBP/USD has transitioned to a bullish trend in the impulsive phase, with its price increasing to 1.2849, well above the now upwards-sloping 20-period VWAP of 1.2692. Support has risen to 1.2527, with resistance slightly adjusting to 1.2851. The RSI at 73 suggests a strong positive momentum, marking a significant shift towards bullish sentiment from the previous neutral stance.
USD/JPY has abruptly begun what appears to be a new bearish trend in the impulsive phase, with its price decreasing to 146.95, below the 20-period VWAP of 149.95. The support level has sharply adjusted to 146.96, with resistance now at 152.28. The RSI is at 30, indicating a significant move to bearish momentum.
DAX to find support at market price?DE30EUR - 24h expiry
Price action resulted in a new all-time high at 17904.
We look to buy dips.
50 4hour EMA is at 17685.
The primary trend remains bullish.
Offers ample risk/reward to buy at the market.
We look to Buy at 17690 (stop at 17590)
Our profit targets will be 17940 and 17990
Resistance: 17760 / 17907 / 18000
Support: 17710 / 17618 / 17500
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Falling to support level?DAX is approaching the resistance that aligns with 61.8% retracement and could potentially fall to support level.
Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 17858.74
Support: 17024.19
Resistance: 18314.71
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BULLISH GER30I'm anticipating a retest on the Germ30 to fill the order block then start trailing back up.
#202411 - a weekly price action market recap and outlook - daGood day and i hope you are well.
There is a theory of markets, that the ‘Generals’ usually lead the way for the next impulse. I have no idea about the proven probabilities of that but let’s just talk about some big stocks here, which supports my bigger bearish market thesis, that this still might be the blow-off top at the end of a very long ongoing bull trend which is exhausted and will turn around soon.
Apple: Just broke below or is at the monthly 20ema; -15% from the ATH; 2 consecutive red months and the third is forming; clear sell signal below 160
Google: below the weekly 20ema; -15% from ATH; increasing volume on bear days; will become clear sell below 120
Nvidia: The peak bubble of bubbles -11.18% on Friday with very high volume; bulls will take profits for their lifes below 800
JP Morgan: holding strong at the highs - might be the last to turn around - just printed 2 bad looking bars for the bulls
dax
Quote from last week:
bull case: Bulls closed the week very bullish and even if all targets are met and they are at multiple upper trend lines, they can just continue the pump, there is no denying that. I know i keep repeating myself. Risk reward for buying up here is bad but if there is no selling pressure, the probability is on the bull side and every trade is a trade-off between risk, reward and probability. Next target for bulls can be 17500, 18000.
Not much new happening compared to last week. Bulls broke above a bull channel, got a retest of that breakout trend line and made a new ath.
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.
bear case: Everything in here is very low probability. Bulls are in full control and odds favor the bulls then. Best bears can get here is probably a trading range 17600 - 18000. Bears have not done anything to close this enormous bull gap 17150 - 17670 on the daily chart.
outlook last week: “sideways to up is the high probability but bad r:r trade. if bears get a strong beginning of the week, my exhaustion thesis might be correct and we drop below 17000 again.”
→ 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: 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
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
DAX Remains In UptrendDAX has seen some deep pullback in 2023, but it was A-B-C drop into the important 14400-14600 area. We can see nice and clean impulsive recovery from that support area and back to new highs, so bullish trend is back and it's very strong one; a move that can resume even higher after recent consolidation. Ideally that's wave 4 that can be now completed with current sharp and impulsive bounce, so be aware of a continuation higher for wave 5, especially if breaks 16800 bullish confirmation level.
german indez sell zoneaccording to my analysis based on high time frame and fibbo retracement ger4o is going toward 18030/18080 and i highly recommend to start your swing with risk management and i see that the market is over bought so i can se shorts starting from this zone.
How far can Dax continue to grow?The DAX stock index is approaching the overlapping zone of bullish targets, and we expect to end our move by recording the historical ceiling in the overlapping zone and FTR doing for the broken ceilings.
Ger30 On ger30 we can also see that the market is consolidating withing the daily structure as all directional timeframss confirmed the bullish momentum.
germany 30Pair : Germany 30
Description :
Completed " 12 " Impulsive Waves
RSI - Divergence
Break of Structure
Double Top
Resistance Level
Bullish Channel as an Corrective Pattern in Short Time Frame
Bullish market continuation to complete the third waveGreetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
Dax (Eurex) may rise to 17775.00 - 17817.00Pivot
17655.00
Our preference
Long positions above 17655.00 with targets at 17775.00 & 17817.00 in extension.
Alternative scenario
Below 17655.00 look for further downside with 17618.00 & 17576.00 as targets.
Comment
A support base at 17655.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances
17850.00
17817.00
17775.00
17745.00 Last
17655.00
17618.00
17576.00
Number of asterisks represents the strength of support and resistance levels.
DAX H4 | Potential bullish breakoutThe DAX (GER40) could rise towards a potential breakout level and make a bullish continuation towards our take-profit target.
Entry: 17,830.55
Why we like it:
There is a potential breakout level (wait for 1-hour candle to close above 17,830.55 for a breakout confirmation)
Stop Loss: 17,569.05
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Take Profit: 18,082.38
Why we like it:
There is a resistance that aligns with the 100.0% Fibonacci projection level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
GerMan 30 Moves FX:GER30 There are only 2 possibilities for me here, if Ger30 fails to break the X indicated High from a demand spotted, there's a high chance of going down to the POI that is eyed, but because of the harsh bullish trend that has been going on, should it break without contacting the demand within the retracement zone, candle stick communication (aggression..etc)+choch will give us an entry
