GER40 about to test key supportGER40 sold off last week is about to test a key support level for likely reversal to the upside..Longby Wall_streetace445
De30Germany market going bullish side. Just follow my analysis if u like it . Stop loss follow & take profit open. Longby go4mudi2211
$DAX is consolidating at the top XETR:DAX is so far pulling back from 19000 it touched. A break below 18000 needs to be confirmed for us to be certain that reversal is fully triggered04:55by ewaction221
GER40 Confirmed a Double Top Pattern or Something SimilarGER40 Confirmed a Double Top Pattern or Something Similar The price broke out from the neckline of the pattern by confirming in this way a bigger bearish wave. It is still too early and DXY can make a small correction before it moves down more. However it looks really good also with the current data. If GER40 will manage to develop below the neckline of the pattern it will move down even more as shown in the chart. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Shortby KlejdiCuniUpdated 1129
Heading into pullback resistance, could it reverse?DAX40 (DE40) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 18,700.48 1st Support: 18,517.05 1st Resistance: 18,808.45 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.DShortby ICmarkets8
DAX rising weaklyMarkets rose on Wednesday, recovering losses from the previous session in anticipation of important data on regional activity and awaiting the ECB's latest monetary policy meeting. At the open, it was up 0.4%. It was followed by the French CAC40 and the FTSE 100 with 0.5% and 0.3% respectively, and finally the Spanish IBEX35 with around 0.4%. A rate cut of 25 basis points from record levels is expected today, heavily influenced and persuaded by signs of moderation in European inflation. The rapidly changing earnings outlook is what is driving this policy possibility. Doubts remain about what will be accepted going into the rest of the year after slightly better-than-forecast inflation data for the eurozone. The French PMI was similar to expectations overall, but services and composite details were slightly lower, the Spanish PMI slightly better than expected, the Italian PMI disappointed with its lower than expected data, and the German data provided relief by improving expectations. The overall Eurozone as a whole showed for the month of April a larger decline being -1% versus -0.5% expected and on an annual basis, -5.7% versus -5.1% expected. Today we have European Parliament elections across Europe, so PMI and production releases in Spain, Italy, France and Germany, which were expected to be better and did not meet expectations, will most likely affect the currency. Retail sales are expected to be negative due to the slowdown in consumption across Europe, so we will just want to see what the central bank tells us this afternoon. Regarding the German index, as we said, it has recovered its bullish mood this day. It has come out of the bearish trading zone of the last few weeks. Since Monday, the German spread has recovered 1.70%. We have to see if it will go back above the all-time highs this Friday or look to do so from next week onwards. What is clear on the chart is that the Trading Point is in the 17,000 zone, the shape being the bell of a possible triple bell with no excessive volume at its top, and the RSI at the moment is in the middle zone. For this reason it would not be unusual to see the German index pierce and pull back strongly to at least the area of 18,279 points approximately. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.Editors' picksGShortby ActivTrades55193
Bearish drop?DAX (DE40) is reacting off the pivot which acts as an overlap resistance and could potentially drop to the pullback support level. Pivot: 18,396.65 1st Support: 18,225 1st Resistance: 18,531.90 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.DShortby ICmarkets7
#202425 - a weekly price action market recap and outlook - daxGood Evening and I hope you are well. dax cfd Quote from last week: comment: Market in total balance inside key levels. It’s the 4th consecutive bear week but we are still above the midpoint of the first week of May where dax gained 800 points. This selling is as weak as it gets and that’s why another leg up is much more likely than an acceleration to the downside. We are oscillating around the daily 20ema at 18600 and right at the bull trend line from January. Market is in breakout mode and will have it next week. Odds favor the bulls but I wait for confirmation after US CPI and FOMC. comment: Bears finally did it. They broke to the downside when the higher probability trade was bullish. They actually broke below the expanding triangle which held for 4 weeks and sliced through the bull trend line that began 2022-10-03. For the dax which made 60.69% in that time, to just slice through that line, is something unusual to say the least. Is it now time to get uber bearish? I don’t think so. News outlets will tell you it’s because of eurozone fear and elections and blablabla. We are 5% from the ath. That’s a small pull-back to the neckline and the big 18000 support. Entering new shorts down here is as bad of a trade as you can come up with. current market cycle: trading range - go look at the monthly chart. It’s a clear 4 month trading range. key levels: small range 17600 / 18400 bull case: Bulls see it as a small pullback and a sell vacuum on Friday to the big round support 18000. They want to create the same reversal as they did on 2024-04-19 with a 2% up day. The pullback in late March and April was 13 days long while we are in a 21 day long pullback. Bulls also argue that this is the first touch of the weekly 20ema since 2023-11 when we sliced through and have not touched it once since. Trends tend to test the extreme after the trend line is broken. I have absolutely no confidence in the bears to crash from here on, without at least a retest of the bull trend line at around 18300. If bears manage to close the gap to 17100, I am obviously wrong. Invalidation is below 17550. bear case: Big bear surprise on Thursday and Friday. The bull bar on Wednesday was strong enough in an overall max bullish market to break to the upside. They managed to break below two support trend lines. Now the important questions is, was this just a sell vacuum test to find new buyers or are we actually in a decent down turn to below 17000? No one knows. We are right an my neckline 18000 and last time we got here, we reversed up for a new ath. You simply can’t get bearish at these lows when they have been big support the last time. Could you hold onto existing shorts from above 18100 and see if we sell further to retest 17600? Absolutely. If the momentum is there again next week, that’s a reasonable target to the downside. I do think if bears can not hold it below 18160, they give up for a bigger pullback to at least 18300 and there it’s do or die for the bulls again. Invalidation is a daily close above 18300. outlook last week: “Still in favor of the bulls, unless bears get a strong daily close below 18400. Retest of 19000 is expected. If we can’t get it before CPI & FOMC and CPI comes in hot, I will go big on shorts for at least 18000 over the next 1-3 weeks.” → Last Sunday we traded 18572 and now we are at 18016. Bad bullish outlook but I gave you the clear warning that if bears would get a good daily close below 18400, I’d go big on shorts for 18000 and that’s exactly what we hit. short term: Neutral. Please read on so you know why and how I will trade it. So bears are in control. Below all ema and really big red bars and all red bars for 5 weeks. I’m still not shorting right at 18000. That’s insane. Can we go lower on momentum to 17600? Yes. Will I short it and call it in my tradingroom? Bet. R:R here is on the bull side if they build buying pressure and get follow through. Until all of that I am neutral. medium-long term: 17000 over the next 3-6 Months and when we get there, I update again. current swing trade: Caught a big swing for 300 points down to 18000 as I wrote in my last weeks outlook. Chart update: Two paths ahead, bullish one is favored when bears step aside here at 18000 and bulls build buying pressure. If green path plays out, I expect this to be the right shoulder and that would be a decent place to sell everything (yes, your dog and granny too) to short this to freaking hell.by priceactiontds6
DAX end of the bullish cycleOPINION, NOT FINANCIAL ADVICE. Long term trend exhaustion, 2nd impulse reached 100% of the 1st, with big weekly divergences on the weekly RSI. There is also a big rising wedge On the Elliott wave counts, does not look like a new bull market to me, but an overextension of the C wave in a correction from the 2022 lows, with a terminal wave 5 pattern. If this was to be confirmed, we could be seeing a huge impulse downwards looking for the 2022 lows again #dax #ger40by j_arrietaUpdated 117
SHORT IDEAAnticipating a continuation lower during the London Open to the New York Open, Target and annotations are made in the chart. My bias is favoring shorts to the close today. Once the stop level of 18,415.7 is breached, the idea is invalidated and no trades for the day As usual, manage risk and conserve capital. Shortby Quantum_LabsUpdated 6
2024-06-11 - a daily price action after hour update - daxGood Evening and I hope you are well. dax comment: Looking at the 1h chart, its a broad bear channel with lower highs and lower lows but the lows are 66 points Friday to Monday and 84 points from Monday to Tuesday. current market cycle: trading range key levels: 18300 - 18600 bull case: Bulls are struggling to keep the market above the 1h 20ema but they make bears cover at lower lows. I do not have any opinion on tomorrows direction but if bulls interpret US CPI and FOMC as bullish, I can’t see dax staying down here. Bulls want to trade to the upper bear channel line before CPI and close the gap to today’s opening at 18545. R:R is on the bull side below 18400 since I don’t see bears starting to accelerate this selling unless we get a catalyst. Invalidation is below 18250. bear case: Bears keep on selling around 18500 and covering on new lows. Unless we get a bigger catalyst, dax won’t move much. Above 18000 everything is bullish and that’s why bears cover at new lows, they are scalping. Bears hope for some hot US CPI numbers and get the bigger second leg down to 1800 and lower. Invalidation is above 18600. short term: Bullish for gap close 18545 and I will be flat going into the news releases. So it has to happen early tomorrow. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade : None trade of the day: Bear trend from the open and we had 8 consecutive bear bars on the 15m chart.Longby priceactiontds3
GER40 the trend is still Bullish**Monthly Chart** Last month candle dropped lower after creating a record high around 18568.8 level. This drop was due to a large selloff around the record high. However, this month the price continued higher and created a new record high just shy of 19000 level which indicates continues of the bullish long-term directional bias. **Weekly Chart** Last two weeks candles closed as dojis which shows a loss of momentum around the high. It will require a large liquidity to push the price higher. Therefore, any retracement or correction will encourage buyers to continue the move. **Daily Chart** There are two scenarios on the daily chart, GER40 price might continue higher without retracements and bush higher before changing the trend or the price will have a deeper retracement and then bush higher and grap the liquidity that formed above the new record high. Either way, I am only interested in buying the retracement. The direction is still bullish and there is no indication yet to move lower.Longby PropSignalsUpdated 7
DAX (GER 40).... BULLISH!Price has traded through the Swing High with a strong close above. Now, price has pulled back into a +FVG. The Daily +FVG is overlapped by the Weekly +FVG, a strong confluence. The expectation is for price to continue higher to the next recent swing high. May profits be upon you.Long04:36by RT_MoneyUpdated 3
#DAX Bearish WedgeI have, ad nauseam, over the last several months tweeted examples of the dangers and consequences of the bearish rising wedge pattern. Here on the German main index we have a decade long pattern with five waves, the last one seemingly ending with a textbook overthrow. If this is so, this index could in my view soon start a strong move to around the 8000 point mark.Shortby dawievdwest3
Buy the dip on EU sharesDue to geopolitical and political uncertanties, we have seen declines EU stock market the last weeks. I think this could be a good place to start buying again for the longer run.Longby ScienceBasedTradingUpdated 3
BUY DAX now and targer 18469DAX is suffering due to falling EUR but I´m expecting a stron pullback towads 18500. You can enter now at the current market price 18265. Set conditional SL, if any 30M closes below the SL zone, cutloss your trade. Wish you good luck.Longby Rendon12
Exhausted?We've reached a new high at the end of the past week. This week the market seems to be waiting, taking breath. This may mean that at the moment there is no immediate buying interest. An upcoming profit taking may lead to a sharp drop. After such a sharp rise it is not unusual that some profit taking of short term oriented market participants will take place.Shortby motleifaulUpdated 3
Hindsight German Dax 13 JunMy Breakdown of 13 June 2024 German Dax. 5 minute is Better. 0700-088 Judas Swing above Yesterdays Close . Bearish Breaker Set up with Bearish FVG. 0850 Algo Does the business. Targets using Standard deviations of the 0800- 0830 Opening Range. Draw on liquidity is the Yesterdays Longs who were in Profit. Thanks to ICT and Trader Tom .by LaurenBarker221
GER30 WEEKLY ANALYSISHello, traders here is a setup of GER30 as you can see the price has been bullish for the past weeks now and it has created a bearish flag pattern that signals price reversal. As you can see the price has been respecting the trendlines of the bearish flag pattern and now the price has shown a strong rejection on the upper trendline so for me I will wait for the price to break the previous support and turn it to resistance then I will look for selling opportunities.Shortby dlaminisya1
2024-06-12 - a daily price action after hour update - daxGood Evening and I hope you are well. comment: Broad bear channel lives on. Bulls printed a big bullish bar closing at it’s high today, right above the daily ema. Today was bullish enough to expect another leg up to at least 18700/18800. current market cycle: trading range key levels: 18300 - 18800 bull case: Globex made the low of the day and bulls actually stayed below 18500 but the CPI print lifted everything up, so they got their spike to 18670. Bulls want at least to touch the upper bear trend line around 18750 tomorrow. 1h 20ema should be support. Invalidation is below 18550. bear case: Bears kept it below 18500 which was decent but CPI made them give up. I do think they won’t try to sell this until we get to the upper bear trend line and depending on how strong we move up there, they might not step in until 18800. Invalidation is above 18700. short term: If we stay above 18600, it’s max bullishness, until bears get below the 1h 20ema. Below 18500 it get’s bearish again. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: None trade of the day: Bull trend since Globex. Not a single 1h bar close below the 1h 20ema.Longby priceactiontds1
Elliott Wave Intraday Analysis on DAX Looking for Support SoonShort Term Elliott Wave in DAX suggests the Index is correcting cycle from 4.19.2024 low. The rally from 4.19.2024 low ended wave 1 at 18892.92. Wave 2 pullback is currently in progress as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 18515.84 and wave (b) ended at 18855.05. Wave (c) lower ended at 18394.43 which completed wave ((w)) in higher degree. Wave ((x)) unfolded as an expanded flat Elliott Wave structure. Up from wave ((w)), wave (a) ended at 18697.09 and wave (b) ended at 18365.53. Wave (c) higher ended at 18784.65 which completed wave ((x)) in higher degree. The Index has resumed lower in wave ((y)). Down from wave ((x)), wave (w) ended at 18359.42 and wave (x) rally ended at 18652.90. Wave (y) lower is now in progress to complete wave ((y)) of 2 in higher degree. The Index has reached the extreme area from wave 1 peak. This area of support is at 100% – 161.8% Fibonacci extension of wave ((w)), which comes at 17981 – 18287.2. From this area, the Index should turn and resume higher or at minimum rally in 3 waves.by Elliottwave-Forecast1
GERMANY40 / 30 Bearish Robbery Plan To make moneyMy Dear Robbers / Traders, This is our master plan to Heist GERMANY 40 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.Shortby Thief_TraderUpdated 2
callyesterday we bought Us100 today let's add Ger30 . then my weekly target is about to be reached i will be off for the rest of the week. and there is Fed meeting coming this week so let's stay away from Fundamentals but on ger40 i see an inverse head and shoulderLongby sizwedlaminiforex1