Falling towards 50% Fibonacci support?DAX40 (DE40) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 19,681.24
1st Support: 19,244.23
1st Resistance: 20,427.78
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.
GER30 trade ideas
DAX // minor long trendThe correction of the daily short impulse on H4 forms the minor long that that is valid.
The main H4 breakdowns (aqua) and the daily breakdown zone (orange) are the targets of this long trend, but it is a minor one, so it can turn south any time, and if the H4 impulse base is crossed down significantly, the next targets become valid in the short countertrend.
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
My view and target for DAX 40 for 27.12.24Hi guys, How are you doing? Merry Christmas
** The time frame is the daily
** The bule curved lined indicates to the points of support which the index HAS to settle on and as you see, it went there to touch by long wick which is not enough for me! should be by a body or to go down than these points then to bounce back up and settle on again, however, I personally believe that even after the index will go to my TP, these points will not hold and the index will continue go further moves to the downside, but it is early still to judge on now.
** The previous daily candles wicks have to be filled which is supporting my idea too.
** Please zoom out and open your daily frame chart then you van have a better understanding on your charts!
** Good luck always
Note:
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Plain&SimpleDax40 has formed a curvature which price has failed to penetrate to the upside. This has led price to fall under and face rejection by the 50 day moving average. Traders that are conditioned to chart pattern recognition will quickly notice that price structure has formed a textbook *inverted cup&handle*… And as we can all see, the 50 day moving average is looking to cross downward over the 200 day moving average. Experienced traders are aware what this phenomenon means…..
Based of previous held support and retracement, price is likely to hold major support for the pending falling at 19100-19080….
50ma{blue} 200ma{red}
comment, questions &concerns…
WHAT TO LOOK FOR ON GER 40Our analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will rise to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
Please support our analysis with a like or comment!
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DAX Rebound Ahead! Buy!
Hello,Traders!
DAX is trading in a strong
Long-term uptrend and
Has made a local bearish
Correction but as the price
Is about to retest the horizontal
Support level of 19,600 we
Will be expecting a rebound
And a further bullish continuation
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Bearish drop?DAX40 (DE40) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 19,953.44
1st Support: 19,614.24
1st Resistance: 20,192.48
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.
Bullish rise off 50% Fibonacci support?DAX40 (DE40) is currently reacting off the pivot which acts as a pullback support and could rise to the 1st resistance.
Pivot: 19,665.45
1st Support: 18,980.32
1st Resistance: 20,494.80
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.
GER30: Key Pivot Points Dictate Next MoveHello,
FX:GER30 may experience further downside, potentially retesting the 1M pivot point if the 1D pivot point continues to act as resistance. However, if the 1D pivot point holds as support, an upward move could be on the horizon.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
#202451 - priceactiontds - year end special - daxGood Evening and I hope you are well.
dax xetra - outlook 2025
comment: We look at the chart from the beginning of the current bull trend in 2022-10. Dax has gained 71% while German GDP is now negative for two consecutive years. The bull trend has 3 clear and big legs up. The upper and lower trend lines were respected and we have seen an acceleration upwards in the last leg. This is not the start of a new and stronger one but the climactic ending which traps the weak & late traders. These are the people who started gambling with Bitcoin as it hit 100k because they wanted some of that fairy dust.
A healthy correction would be around 20% which is very close to the 50% retracement of this whole trend, the 2023-11 previous ath and the big bull trend line from the Covid lows. More than enough magnets to test down to that price around 16000. How will we get there? Absolutely no idea and all of my drawings with a potential wave series, are just rough guesses how I think it could potentially play out. Sometimes those are accurate and other times they are way off. It’s a good habit of anticipating what markets could do and take the trade if they do it.
Final thoughts. Buying the dax above 19000 hoping for a new and stronger trend upwards because surely this time it’s different, is as unwise as can be if you want to invest your money. Meaning buying and holding or trading on a daily/weekly chart. The odds of this breaking above two major trend lines while we already made 70%+ without any meaningful correction, are so slim that the only reason your are doing it is because of FOMO.
current market cycle: Bull trend of the past two years has likely ended and new lows below 18780 will be the confirmation.
key levels for 2025: 16000 - 20000 (decent chance we will see 20000 only in the first couple of weeks and then only in a couple of months or years again)
bull case: 2 years, 70%+. What more can you dream of? No matter how you draw your technicals on the chart, you can only see this as bullish, if you think we can break strongly above the two upper trend lines and go for 25000 or more. That is trading on hope and nothing else. If you have bought any dip the past two years you were never wrong and that is why we have so many articles about “this time it’s different”. In a bull trend, everyone is a genius. I can not come up with any legitimate reason why this should go meaningful above 20600. The absolute best I can do for this section is that we will likely see a lot of sideways price action at the big magnets. 19000 will be the first over the next days/weeks and at this point, we can’t expect the bulls to just give and let the market melt through those prices. BTFD mentality has been profitable and it will take a while or a huge drop, before it ends and we shift to STR (sell the rips).
Invalidation is below 14600. Below that price, an event has happened or is happening. For now it’s unreasonable to ever think this market could see prices below 12000 again.
bear case: Peak bullish sentiment and option positions over the past weeks can only go on for so long before the market reverses big time. It’s perhaps because there is literally no one left to buy because everyone and their dog went max long. The chart is clear and the downside risks are much greater than any coke-induced perma-bull argument on why the markets will break higher another 10-20%.
Bears short term targets are the weekly 20ema near the small bull trend line around 19000. There we can probably expect more sideways movement before we get another impulse down to the huge support around 17700. My chart is a best guess about price but the timing could be way off. My biggest target for 2025 is the 2011-11 previous ath 16290, which is very close to the 50% retracement of this bull trend. There is also the big bull trend line from the Covid low and I expect this to be tested in Q1 or Q2 2025.
Invalidation is above 20700.
short term: The year end rally could give us another new ath or lower high. It does not matter because the upside will probably be very limited. My highest price is 20700 give or take. I fully expect 19000 to be hit over the next 2-6 weeks.
medium-long term: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025.
current swing trade: None but I think any short ETF, levered or not, is reasonable. Short term is 19000 and medium term (2-5 months) is 17000-18000.
DAX // The last one of 2024Dear Traders,
This is the last one this year.
I want to have a break and detach from the charts for some time now.
This is the time of love, family&friends.
But this chart actually shows the market phases I define quite well!😀
Thanks for you support in the past couple of weeks, since I became actve here!
@TradingView asks us wishes recently... My wish for you is:
patience
discipline
balance
focus &
confidence
And vast amount of pips in the piggy bank!💰
Merry Christmas, Happy Holidays!🎄
Peter from The Market Flow 🏄🏼♂️
P.S. you may want to check out some of my ideas to get familiar with the terminology I use.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
DAX - short term correction currently very Overbought!Hi guys, we are following up with our next opportunity DAX :
Currently it has been perfoming fantastic as being part of the biggest Economy in Europe, and it reached a glorious All time High, following up with the western Indices , SP500,NASDAQ100 and Dow Jones. Currently the price has reached a very overbought level based on the RSI check on 1H time frame and 4H time frame, so for the time being I am looking into a short term correction with a follow up to maybe break down the current all time high and get passed it.
Entry : 20,400
Target : 19,916
Let's see how things are going to formulate and move from there.
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
24-12-17 Dax: Dax the "Max" (20 337 EUR)DAX40 one of the most import Index beneath MSCI, SPX und DJIA und Nikkei.
German economy leads the european economy. For shure, the DAX has not the performance like an SPX. But the 2024 rise is very impressive. And if I look, what germans politicians did the last years and also actually, i am still stunning what real economy does. But overall, big tasks ahead. And at the moment,no signs for a radical new direction for all these companies in Germany:
Less regulations, less laws, lower taxes, more flexibility in labour things, high energy prices etc.
Over all - I am not convinced, that actual prices in Dax will represent the real situation.
A correction for about 10-20 Percent ist more expected, than a further rise for about 10 Percent.
Dan, 14.12.24
DAX // Possible start of the CountertrendThe daily trend still holds at all-time highs and beyond every measurable target, but H4 has already turned south.
The last clear breakout is on H1 at the countertrend line break, and the market crossed it by a couple of pips.
Not significant, but still a close below the trigger level.
The position should be closely watched at the daily impulse base.
Either to close the trade, or to add to it.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
DAX is showing a dangerous pattern‼️DAX is showing a dangerous pattern
The german index, XETR:DAX has been in a strong bull market for a long timet, but recently we had a confirmation of a RISING WEDGE PATTERN (in blue).
✅ What does a RISING WEDGE PATTERN imply?
Rising wedges are usually formed at the end of trends and when the price breaks below the blue support trendline, a fast decline happens.
The fundamentals in germany are quite bad, and if there is no response from Europe, we could see a dangerous fall in the german index.
Sometimes rising wedges break up, BUT this only happens in extremly greedy situations, like the tops in $NASDAQ:TSLA.
If there is an upper break, means that we are facing the LAST rally, so again a brutal falldown is likely to occur.
💰 How to trade this chart pattern?
You should wait for the break of the blue trendline to short the market and search for a fast but very profitable trade.
I do not recommend trading it if the break occurs on the opposite side, because panic moments are much more profitable with less risk.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 2% will be ok.
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 15 to 20%. Anyway, to increase our chances to arrive to the second TP, we recommend using a 10% take profits.
The second TP is less likely to happen, but as soon as the first one has been reached (extremely high probability), this becomes a RISK-FREE TRADE.
✴️ ENJOY AND FOLLOW for more 😊
DAX/GER - HOPE YOU CHECK LAST SHORT TRADETeam, with DAX
last week, we suggested shorting at 20515-25, and we reached 3 of our target
Today, we find an opportunity to go to LONG DAX at 20208-20215
STOP LOSS at 20182 - extension to 20165
Target at 20245-56 - please take partial and bring stop loss to BE
Target 2 at 20272-83
German Index (DE40) – Daily and Lower Time Frame AnalysisGerman Index (DE40) – Daily and Lower Time Frame Analysis
Overview:
As we have been covering the German Index (DE40) over the past several days, we are finally observing a shift in momentum. On the daily time frame, the overall momentum has turned bearish, and the price is clearly moving downward.
Key Observations:
Bearish Momentum:
The price is trending lower, signaling a potential continuation to the downside.
Lower Time Frame Confirmation:
Drop down to the 15-minute or 20-minute time frame for a more refined view.
Look for a break of structure and a clear change of character (CHoCH).
Observe if the price is forming lower lows and lower highs, indicating bearish structure.
Entry Considerations:
If the conditions align on the lower time frames, you can look for a short entry.
We are anticipating the price to head towards the key level of 19,675, which is a significant support zone.
Important Notes:
Do Not Follow Blindly: This analysis is for informational purposes only; always use your own strategies and confirm your setups.
Protect Your Capital: Keeping your capital intact is far more important than chasing profits.
Trade Smart, Trade Reactive: React to the price action rather than predicting future moves.
DAX // What needs to happen before the deep correction?The market has almost reached the daily target fibo 238.2 after an unbelievable run!
But every impulse has a correction, so mabe it's time to be prepared.
The H4 structure already broke, but there is no new wave, and there is a clear H1 breakout that may push the balance for the sellers.
Smart money (my tick-by-tick volume analysis indicator) is selling for more than a week.
The daily impulse base is very close, and may trigger sell orders.
If there will be a huge fight, we may also see a sideways market for some time.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼