Elliott Wave View on DAX Nesting Higher in Impulsive StructureShort Term Elliott Wave View in DAX shows that the Index breaks to new all-time high confirming the right side remains bullish. The rally from 11.19.2024 low looks to be nesting in an impulsive structure. Up from 11.19.2024 low, wave 1 ended at 20522.82 and pullback in wave 2 ended at 19649.87. The Index resumed higher from there in wave 3 in a nest.
Up from wave 2, wave i ended at 20024.79 and wave ii pullback ended at 19833.82. The Index resumed higher in wave iii which ended at 20391.17. Pullback in wave iv ended at 20255.85. The final leg wave v ended at 20480.49 which also completed wave (i) in higher degree. Index then pullback in wave (ii) which ended at 20025.28. Index has resumed higher again. Up from wave (ii), wave i ended at 20362.59 and pullback in wave ii ended at 20234.26. Wave iii higher ended at 21330.87 and pullback in wave iv ended at 21212.25. Expect wave v to end soon and this should complete wave (iii) in higher degree. Afterwards, pullback in wave (iv) should find support in 3, 7, or 11 swing for further upside.
GER40 trade ideas
2025-01-23 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Bull channel continues and we are at the top again. At this point it’s possible this spikes above the channel to print 22k. Wild to live through this tbh. 21700 likely next, bears need something below 21500 and then 21380. It’s beyond climactic and overbought.
current market cycle: bull trend - blow-off top
key levels: 21200 - 21700
bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Nothing new to report. Channel is holding and we are just moving higher without much resistance. Nothing changed. Again.
Invalidation is below 21300.
bear case: Bears need to start closing the gaps. This also has not changed. The bullish channel lives and until we break out of it, there isn’t much to analyse. All of my bullish targets are met and this looks just like the climactic end but who know’s where it will stop… Bears have nothing to think about here. Way too early for any short.
Invalidation is above 21700.
short term: Bullish until bears do more. Trade the channel.
medium-long term from 2024-01-23: Market hit 21600 and now it’s about being patient until we sell-off again. I won’t be picking tops again. I just wait now.
current swing trade: None.
trade of the day: Buying near the 1h 20ema as mentioned the last couple of days.
DAX 40 Remains in Strong Overbought ZoneThe German index has recorded eight consecutive sessions of gains, appreciating more than 5% in the short term. The price level of 21,400 points now stands as the all-time high barrier for the current long-term bullish trend.
Strong Trend:
The bullish momentum that emerged after the significant drop in August 2024 has been key to the continuation of the long-term uptrend. However, the accelerated pace of buying in the short term could lead to bearish corrections in the coming sessions.
RSI:
The RSI indicator shows an impressively bullish slope, currently displaying readings of 83 —well above the overbought level of 70. The current event in the DAX price indicates that recent movements have created an imbalance in bullish and bearish forces, which could trigger early bearish corrections as the price continues to advance.
Key Levels:
21,400 points: Positioned as the new resistance zone at the latest all-time high. Consistent buying pressure is necessary to maintain the bullish bias currently observed in the index.
20,300 points: The nearest support level on the chart and a potential area for bearish corrections in the short term. If the price drops below this level, sustained bearish pressure on the DAX could return.
By Julian Pineda, CFA - Market Analyst
UPDATE - Target hit 20893 DAX showing sideways before the run upTarget 20,893 hit where Dax formed a Falling Wedge (broke above).
We then had some sideways motion, before the price rocketed up and hit the target of 20,893 recently.
Now, we can expect a bit of sideways motion where we will wait for another bull setup and then will most likely look to go long again.
Looking good for 2025.
GER40-SELL strategy Monthly chartThe GER40 has had a very strong run upwards, and all shorter period charts, i.e. 6-12 months, Daily and weekly, all show we have potential for a solid decline. I think we should see lower 19,000 again based on the monthly chart outlook. For short-term I see first 20,450 as a possibility coming weeks.
Strategy SELL @ 21,200-21,450 area and take profit near 20,575 for now.
Germany’s DAX 40 Stock Index Hits Record HighGermany’s DAX 40 Stock Index Hits Record High
The country’s Finance Minister, Jörg Kukies, stated in an interview with CNBC that it is crucial for Germany to enter a period of economic growth, adding that structural deficiencies need to be addressed.
“We have just received another downward revision of growth forecasts from the IMF,” he said at the World Economic Forum in Davos. The International Monetary Fund (IMF) now projects Germany’s GDP growth at 0.3% in 2025 and 1.1% in 2026, according to the January update of its World Economic Outlook. This marks a sharp decline from the October forecast of 0.8% growth in 2025.
Germany’s annual gross domestic product contracted in both 2023 and 2024. Quarterly GDP figures were also modest, although the economy has so far avoided a technical recession.
Kukies also remarked that domestic German companies are “under stress” but continue to perform “very well” on the global market, seemingly referencing the rise of the DAX 40 stock index (Germany 40 mini on FXOpen). Indeed, yesterday the index surpassed the 21,300-point level for the first time in history.
Technical analysis of the DAX 40 stock index chart (Germany 40 mini on FXOpen) indicates that the price is forming two ascending channels. While rising within the steeper purple channel, the price has exceeded the upper boundary of the blue channel.
However, given that the price has not yet reached the upper boundary of the purple channel (as indicated by the arrow), it is reasonable to suggest that bullish momentum may be waning. If so, a possible scenario could involve a correction with a bearish breakout of the lower purple line, leading the price back into the blue channel. It is also possible that there will be one more attempt to set a new record, accompanied by the formation of bearish divergence on the RSI indicator.
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DAX Trade Recap!Sniped a perfect entry using the WiseOwl Indicator and caught the bullish momentum at just the right time. 🔥
Current Status: Floating at +9RR 🚀
Took 50% partials and holding the rest for much higher targets.
The structure was clear and bullish, making this setup a no-brainer.
Momentum is still strong—let’s see how far this one can run!
How did your week of trading go? Let me know in the comments! 💬
GER40-SELL strategy 12 hourly chartThe movement upwards was very extreme, and it resembles TSLA shares reaching such RSIs, but in the end a large corrective action follows. I feel we will see correction of the index towards 20.450 from the current 21,315 area.
Strategy SELL @ 21,250-21,375 and take profit near 20,750 for now.
de30We had excellent analysis of the commodities, energy, cryptocurrencies and indices markets
We had good gains for de30
We still have a general upward trend regardless of any slight or violent downward correction and it is expected but the upward targets are confirmed as a general upward trend
Targets 21200 to 2600 areas
But the time difference is what plays the role of the upward but the general trend is upward
For more updates follow me
DAX // possible start of the correctionThe market has reached the daily target fibo 200 and broke the H4 structure by breaking below the H4 impulse base.
If H4 makes a new low before making a new high, the countertrend becomes valid.
———
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.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present. 🏄🏼♂️
<<please boost 🚀 if you enjoy💚
DAX Short - How Many Times You Got Already Burned?So, obviously the masses are short while institutions are long. We wanna know where they take profit. Psytropy gives us this beautiful report, combining it with middle of the month (loves to be reversal), let's short. I'll update the correct take profit levels later.
Moustafa! Dax towards 19420 as TP1 07.01.25* We are in front of a golden chance to short it from its peak!!
* Broke the uptrend line on the daily frame
* It will return back to the huge rising wedge which it broke through before and caused that huge bullish wave
* If it will go to TP2 it means that it will fill the daily gap which was not filled since long time ago!
***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.
DAX Long1)Trend defined. Weekly Uptrend.
2)Contradictory entry. Retracement visiting a previous key level.
3)Default loss. Below the false breakout of the 1h range.
4)Default target level. First 4.91, second 5.69. Third arbitrary at 7.2 (looking at the round level of 20.600)
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
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 is set by the slope of the VWAP over 50 periods
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).
---------------------------------------------------------------------------------------------------------------------
Analysis
Germany 40
The Germany 40 is in a robust bullish impulsive phase, trading at 20,916, significantly above the VWAP (20) level of 20,265. Key support is established at 19,535, with resistance at 20,995. With the RSI soaring at 78, the market is approaching overbought conditions, underscoring strong upward momentum.
UK 100
The UK 100 has made a major breakout with a bullish and impulsive tone, currently trading at 8,517, comfortably above its VWAP (20) of 8,266. The support level is defined at 8,022, while immediate resistance lies at 8,500. The RSI of 75 signals bullish momentum, affirming the prevailing trend.
Wall Street
Wall Street’s bullish trend looks like it could be about to resume after a long correction. Trading at 43,520, the price is above the VWAP (20) of 42,633. Support is noted at 41,720, while resistance is placed at 43,600. With the RSI at 60, the correction could provide a setup for continued bullish momentum.
Brent Crude
Brent Crude’s bullish impulsive movement persists as it trades at 7959, comfortably above its VWAP (20) of 7753. Support is set at 7250, while resistance is capped at 8,256. The RSI at 61 indicates firm momentum, albeit down from overbought territory.
Gold
Gold’s neutral consolidation phase is just about intact after a bullish push, with prices at 2,711, marginally above its VWAP (20) of 2,661. Support is seen at 2,596, and resistance is nearby at 2,727. The RSI at 62 suggests balanced conditions, with a slight tilt toward bullish activity.
EUR/USD
EUR/USD remains in a bearish impulsive phase, trading at 1.0319, just below its VWAP (20) of 1.0310. Support is identified at 1.0216, while resistance is noted at 1.0417. The RSI at 46 reflects continued bearish momentum without immediate oversold conditions.
GBP/USD
GBP/USD is entrenched in a sharp bearish impulsive move, trading at 1.2199, well beneath its VWAP (20) of 1.2352. Support is established at 1.2066, with resistance higher at 1.2637. With the RSI at 33, the pair is nearing oversold levels, hinting at potential consolidation coming next.
USD/JPY
USD/JPY is in a bullish correction, trading at 156.38, slightly below its VWAP (20) of 157.33. Support is anchored at 155.03, and resistance is positioned at 158.81. The RSI at 48 denotes neutral momentum, aligning with its corrective phase.
DAX Daily Short Setup: Targeting 19,700The DAX approached its previous high but failed to break through, signaling potential exhaustion at these levels. In response, I have initiated a short position, targeting a retracement to the 19,700 price zone.
Fundamental Insights:
1. Economic Uncertainty: Disappointing inflation data from China has sparked concerns about demand for German goods, which weighed heavily on DAX futures during the Asian session.
2. Sector Weakness: The auto sector, including Porsche, BMW, and Volkswagen, saw significant declines due to lingering tariff threats and softening demand.
3. US Jobs Report Impact: Friday’s US Jobs Report could further dictate market sentiment. A weaker report may boost expectations for rate cuts, providing temporary support to the DAX. Conversely, stronger data may reinforce bearish momentum.
4. German Economic Indicators: While November’s industrial production showed a 1.5% rise, weak factory orders suggest limited optimism. Imports fell 3.3%, signaling declining demand, further justifying a cautious short bias.
Technical Outlook:
• The DAX remains above its 50-day and 200-day EMAs, indicating bullish momentum. However, failure to sustain above 20,523 strengthens the likelihood of a retracement.
• The RSI near 59 suggests room for further downside before approaching oversold conditions.
As always, maintain disciplined risk management. Let’s see how this setup unfolds!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
DAX H4 | Heading into Fibonacci confluence resistance zoneDAX (GER30) is rising towards a resistance barrier and could potentially reverse off this level to drop lower.
Sell entry is at 21,073.71 which is a resistance zone that aligns with a confluence of Fibonacci levels i.e. the 78.6% projection and the 161.8% extension.
Stop loss is at 21,400.00 which is a level that sits above the 100.0% Fibonacci projection.
Take profit is at 20,510.80 which is a pullback support.
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#202503 - priceactiontds - weekly update - daxGood Evening and I hope you are well.
comment: Neutral. Last week I noted that my bearish bias was probably not good since us markets were bullish enough and dax could not move below 20100. The big gap up on Tuesday was the first clue to refrain from shorts and on Wednesday bears gave up and we melted higher until Friday’s close. The upside is now probably very limited but it’s too early for most bears. My max target above is around 21200 and until bears print either a very huge down day or we had 2-4 days sideways to down movement with a retest of 20900/21000, I would not look for swing shorts.
current market cycle: Bull trend (wedge or channel, difference does not matter) until we get below 20300 again.
key levels: 20500 - 21200
bull case: Bulls are in full control since Wednesday and they will likely get 21000 and maybe a bit above it. Their problem is that they are buying high with multiple upper trend lines which could still be resistance. That argument is somewhat weak in the face of a strong trend and that is what we had last week. You never know how far they go but it’s climactic behavior and structuring longs above 20900 is tough. Longs only on strong momentum.
Invalidation is below 20500.
bear case: Bears gave up on Wednesday and they will probably wait for 21k and a reaction there. Never try to be the first bear. Let the big institutions show you where there is no more bid and then let the profit taking begin. V-reversals are so rare that you should almost never worry about them. Bears first target is the gap close 20675 and then the second body gap to 20574.
Invalidation is above 21200.
short term: Neutral. We have a clean channel/bull wedge up and we are very close to the upper trend line. Could go a bit higher before potentially reversing. 21200 is my max target.
medium-long term from 2024-01-18: Market will likely hit 21000 and then it’s about patience to time the shorts right.
current swing trade: Last swing short was not good but part of the game. I am waiting for bears to come around again.
chart update: Marked potential targets for both sides.