DAX a buy to resistance after brake trend line i think it goes to test the Resistance price.Longby aminrichman1
DAX Elliott Wave Analysis for Tuesday 14/11/2023 (+ Higher TF)In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B can unfold as an ABC or WXY structure. We favor the WXY structure. 18:11by AndyCuckoo0
DAX Watch this low risk November trading plan.It's been a bit long since we last took a trade on DAX (DE40) but it didn't disappoint as it hit both our buy and sell targets (see chart below) within the 3-month Channel Down: The rebound took place within the 6-month Support Zone and slightly under the 1W MA100 (green trend-line), similar to the March 20 rebound. The fractals are identical as they both rebounded aggressively, indicating strong demand inside the Support Zone. Both also formed a strong 1D MACD Bullish Cross straight after they bottomed. The price is now on the 1D MA50 (blue trend-line) at the top of the Channel Down, and the last two days failed to close the 1D candle above the MA50, despite breaking it. The Resistance pressure is getting stronger since this is also the 0.382 Fibonacci retracement level from the July 31 top. As a result, we are willing to sell the Lower Highs top of the Channel Down and target 15050 (can go even to the 0.618 Fib level but we seek short-term exposure for now) but only as long as the candles close below the 1D MA50. Upon the first 1D candle closing above the 1D MA50, we will take the loss and resume buying, targeting the 1D MA200 (orange trend-line) at 15635. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot3318
GERMANY 30Pair : Germany 30 Description : Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Completed the Retracement. If it Breaks the Daily Descending Trend Line and Retest then Buy otherwise it will Complete its " 5th " Impulsive Wave Entry Precautions : Wait for the Breakout or Retestby ForexDetective4
GER 30 - Expecting some bearish price action this week TVC:DEU40 GER30 is delivering bullish PAs inside a monthly imbalance so I am long term bullish. However, I am expecting some pullbacks into some discount.GShortby Tick-Profits3
Almost 10'000 Days of divergences for the DAX.1st July 1997. The DAX made a all time high RSI value of 92.98. Ever since each high the DAX has made has had a price high whilst the RSI being considerably lower. Ever so recently the DAX Made a double top with a lower histogram on the MACD indicator suggesting that momentum has slowed. With divergences on such a wider timeframe this usually means a change in momentum for quiet some time. MACD histogram being one of the strongest signals one can rely on. This suggest that the price of DAX index may suffer as the US economy heads into a recession. Germany already suffered from 3 consecutive quarters of Negative GDP Growth. If this chart is correct and it is expected that the DAX will suffer further decline then a interesting comparison would be to compare the DAX/SPY to see if it is expected to overperform as a comparison. Upon analyzing this comparison it has come to my attention that recently the DAX/SPY had bounce of the standard 2 deviation from its long term regression trend. As seen here. More to my attention it currently has retraced to the local 0.5 Fibonacci Retracement Level If it does not find support hear and follow through on its inverse H&S pattern due to US seasonality in markets it may just find support on its 2nd Standard deviation and still form a little less obvious H&S. A recent example of this pattern was displayed in another major indices. The Nikkei 225. However this comparison inclining was a result of the Nikkei inclining I do not expect the DAX/SPY comparison reverting to its mean as a result of this. Due to macro economic factors of less GDP expected for Germany and a slow down in the US Economy. It may be expected that the DAX touches its second standard deviation one last time before the end of this market downturn. Which may lead to another yet but 25% retracement. Shortby Ryan1993Updated 1
GER40🤍🔥Let the trend be your friend 🔥🔥 A sweet BULLISH awaits us.. Let trade GER40🤍Longby GEMINIFOREXTRADE0
Let's just see what happensThe market is not giving any real signals and a real bull trend cannot be identified. But if I had to pay my rent tomorrow, then this would be a possible but definitely risky optionLongby ralffritz21110
GER30 (DAX) - Short active ✅Hello traders! ‼️ This is my perspective on GER30. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for a short position. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block. Like, comment and subscribe to be in touch with my content!Shortby Snick3rSD9917
Short on Ger30 There's a third touch and a close below resistance on 4H. stop loss above resistanceGShortby Fanel_theTrader112
10112023 - #DAXDAX seemed to have gain strength as it is relatively strong yesterday; basing off the PZ and going to new highs. But US weakness resulted in DAX pulling back also. Are we going to get a next leg down now? TBH US indices are more bearish and definitely oversold and thus many would likely be looking for further downside continuation today for US indices. But IMO, DAX's closure yesterday is not bearish, or even somewhat bullish. Price is between PZ and DBZ, which is neutral to bullish. Overall, I would say to look for further upside; with 15195 as a low risk level to go long, for a move back to yesterday's high (15359) and even further to 15411. Longby FadeMeIfYouCan0
DAX to turn into an uptrend?DE30EUR - 24h expiry The bullish engulfing candle on the 4 hour chart the positive for sentiment. Our short term bias remains positive. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A break of yesterdays high would confirm bullish momentum. Short term RSI is moving higher. We look to Buy a break of 15301 (stop at 15201) Our profit targets will be 15551 and 15601 Resistance: 15291 / 15400 / 15500 Support: 15180 / 15100 / 15068 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA1
GER30 H4 | Potential Bullish breakout?Price is testing the multi-swing high resistance level, and we could potentially see price taking out liquidity, and causing a breakout. Our buy entry is at 15274.4, which is a multi-swing high resistance level. Stop loss is at 15055.8, which is below the multi-swing low support level/double bottom. Take profit is at 15553.1, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Long04:07by FXCM2
DAX Elliott Wave Analysis for Thursday 09/11/2023In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC or WXY structure. The lower time frame favors a WXY structure. We are currently working on the wave X as an expanded flat structure. The wave ((c)) of this expanded flat does not look finished.04:19by AndyCuckoo1
Very good level to sellWe have a very good and strong level to sell.We also have a breakout and retest of the levelGShortby KirilIliev4