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
GDAXI trade ideas
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.
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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.
supply to demand out looklooking at selling opportunities as price returns to the 1HR supply zone which confluences with the daily and 4HR supply zones. will this zone hold as we know price has to test this area within 30 days for this supply to work failure to test it with this time-line it will invalidate our set-up
DAX to find buyers at market?GER40 - 24h expiry
A Morning Doji Star formation has been posted at the low.
A Doji style candle has been posted from the base.
The primary trend remains bullish.
Daily signals are bullish.
Yesterday's Marabuzo is located at 18415.
We look to buy dips.
We look to Buy at 18415 (stop at 18315)
Our profit targets will be 18665 and 18725
Resistance: 18509 / 18600 / 18700
Support: 18430 / 18350 / 18220
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Could price bounce from here?DAX40 (DE40) is falling towards the pivot and could bounce from this level to the 1st resistance.
Pivot: 18,408.84
1st Support: 18,298.43
1st Resistance: 18,664.16
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DAX40 - end of bull market?- German index has been extremely well over recent months despite data from German economy, which are far from perfect
- Everyone expects EURUSD to go up, which I doubt - I believe it will not break 1.1
- If EUR losses against USD, it can affect DAX and cause a significant corecton. So technically, if the price breaks down form the wedge respecting the HAS pattern, DAX can do all the way down to 16400.
We shall see.
No recommendation, just my humble opinion.
Short term long on DAXI think there is quite a good chance that DAX might bounce from here, and a trade could in that case be done with quite a good RR.
Dax 40 Germany 40Just a simple spike and channel pattern, and I'm waiting for the price to move in a trading range for a short time before the next upward movement. For now, I'm looking to take advantage of the current situation. I'll take small profits that align with the upward spikes as I try to catch the small upward movements in the lower timeframe. Hopefully, you'll make some money from this. As always, thank me later!
GER40: Riding the Wave of GrowthThe GER40 Index has initiated a bullish trend, characterized by the formation of higher highs. Notably, there is no divergence present, suggesting a strong continuation of the current trend. At a discounted price of 18424.8, there is a favorable buying opportunity for traders. Given the current market conditions, it is anticipated that this upward trend will persist for the foreseeable future.
- AnalytixEdge
DAX 2024/07/22- Another Triangle on DAX
- Triangular corrections are expected to end sharply, both due to the long duration of the correction and the compression of the price as time passes. The usually occur in the 4th wave and in the B wave. One of my favorite structures to trade!
Germany 30 BuyThe goal is to record all my July trades here, but i forgot to post this one!
I bought the breakout. Sl & Tp on the chart.
I waited, and the trade hit Tp. 👍🏽
Weekly Technical AnalysisStart 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 remains in a bullish trend but has entered a corrective phase, with the price decreasing to 18,365, now below the VWAP of 18,419. Support and resistance levels have adjusted to 18,079 and 18,740, respectively. The RSI has decreased to 48, indicating a reduction in momentum compared to the previous report.
UK 100 remains in a neutral sideways trend and is in a consolidation phase, with the price remaining at 8,201, just above the VWAP of 8,200. Support has adjusted to 8,122, while resistance has decreased to 8,253. The RSI has slightly decreased to 49, reflecting a slight decrease in momentum.
Wall Street remains in a bullish trend but has entered a corrective phase, with the price increasing to 40,371, now above the VWAP of 39,999. Support and resistance levels have adjusted to 38,716 and 41,282, respectively. The RSI has decreased to 60, indicating reduced bullish momentum compared to the previous report.
Brent Crude remains in a bullish trend but has entered a corrective phase, with the price decreasing to 82.00, now below the VWAP of 84.87. Support has adjusted lower to 81.98, while resistance has increased to 88.05. The RSI has decreased to 37, indicating a lack of strong bullish momentum.
Gold remains in a neutral trend and is in a consolidation phase, with the price steady at 2,401, just above the VWAP of 2,389. Support has adjusted lower to 2,307, while resistance has increased to 2,471. The RSI has decreased to 53, indicating a reduction in momentum.
EUR/USD remains in a bullish trend and continues in an impulsive phase, with the price increasing to 1.0886, now above the VWAP of 1.0842. Support has adjusted lower to 1.0722, while resistance has increased to 1.0961. The RSI has decreased to 58, indicating reduced bullish momentum.
GBP/USD remains in a bullish trend and continues in an impulsive phase, with the price decreasing slightly to 1.2925, now above the VWAP of 1.2850. Support has adjusted higher to 1.2620, and resistance has increased to 1.3079. The RSI has decreased to 60, indicating reduced bullish momentum.
USD/JPY remains in a bullish trend and continues in a corrective phase, with the price decreasing slightly to 156.93, now below the VWAP of 159.45. Support has adjusted higher to 155.65, while resistance has increased to 163.25. The RSI remains at 38, reflecting a reduction in bullish momentum compared to the previous report.
