DAX Elliott Wave Analysis for Monday 10/07/2023We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
DAX Index
DAX: Weak Market & Bearish Continuation
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Trading week recap for NASDAQ, DOW, DAX & FTSE (09/07/2023)Let's look back at the past trading week and learn from it. What went well? What could be better?
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Market Analysis July 9Welcome to the latest market analysis video dedicated to:
DAX's bearish structure and sell on rise trade.
German and US bond yield curves signal de-inversions ahead, calls for caution for those "long risk."
Did Friday's nonfarm payrolls report signal stagflation ahead?
Key data to watch out for: US CPI and China's PPI.
Technical set up in the dollar index.
Hope you enjoy, please leave comments. Thanks
✅DAX WILL GO DOWN|SHORT🔥
✅DAX was trading in an
Uptrend but then the index
Went down and broke the
Key horizontal level of 15,700
So after the pullback and retest
I think the index will go
Further down
SHORT🔥
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DAX Lower Low to come after this quick rebound. Sell.DAX is recovering today from yesterday's brutal break down but this should be a short lived reaction.
The 1day RSI made a Double Bounce on a Falling Support, much like the one on March 13th.
On that price action, after a short lived rebound that got rejected on the 1day MA50 and the 0.5 Fibonacci, the price resumed the downtrend and bottomed on the 1.5 Fibonacci level.
Take advantage of this quick rebound for a better sell entry and target 15100, which happens to be also at the bottom of the long term Channel Up and the 1day MA200 (which is intact since November 10th).
Previous chart:
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DAX Elliott Wave Analysis Higher Timeframe (07/07/2023)The pullback in the higher timeframe might have started. We discuss two scenarios that can play out. A shallow pullback as a wave (4) or the start of a deeper pullback as a wave (2). Investors better wait for more downside before buying again. Traders should wait for more data and analyze the lower timeframe.
Will DAX continue to selloff?GER40 - 24h expiry
The bearish engulfing candle on the weekly chart is negative for sentiment.
Short term bias has turned negative.
There is no clear indication that the downward move is coming to an end.
We are trading at oversold extremes.
We look for a temporary move higher.
Previous support at 15750 now becomes resistance.
We look to Sell at 15749 (stop at 15849)
Our profit targets will be 15501 and 15451
Resistance: 15575 / 15750 / 15850
Support: 15492 / 15400 / 15300
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DAX Bearish Breakout! Sell!
Hello,Traders!
DAX broke the key
Horizontal level of 15,720
So we are now bearish
Biased and bearish
Continuation is to
Be expected
Sell!
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Check out other forecasts below too!
DAX Elliott Wave Analysis for Thursday 06/07/2023We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Today there might be an opportunity to enter a new long trade. However, traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX Elliott Wave Analysis for Wednesday 05/07/2023We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Today there might be an opportunity to enter a new long trade. However, traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX: Entered a short term accumulation phase ahead of the next rDAX hit the 4H MA200 again after a much needed technical pull back that helped at correcting last week's overbought technicals on the 4H time frame (RSI = 48.684, MACD = 21.500, ADX = 34.751). This is a similar structure as early June, when the 4H MA200 (and 0.382 Fibonacci) offered support to a 4 day accumulation phase before the bullish leg made a Higher High on the Channel Up pattern.
We are entering a new buy on the current market price, targeting the top of the Channel Up (TP = 16,500).
Prior idea:
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DAX Elliott Wave Analysis for Tuesday 04/07/2023We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX Elliott Wave Analysis for Monday 03/07/2023We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
DAX40 Crash - Short Signal - Swing TradingDAX40 is about to crash. A BIG short trade is pending its turn.
Germany40 Index (GER40, GRXEUR, GER30) is trapped in a Bearish stance.
Fundamentally, many things are against a Bull-Market at these times, but I mentioned that in my VIX spike idea.
From a Technical Analysis standpoint, well, the picture is much clearer.
Technicals:
* A-B-C Elliott Wave Sequence
* Running Flat Pattern
* Bearish Harmonic: Cypher Pattern
* Fractal Pattern: May-Dec '18 Sequence
* Reversed Bearish Divergence
* Bearish Divergence
* Descending Channel
* 61.8% Fibonacci Retracements of Primary A (red)
* 88.6% Fibonacci Retracements of Intermediate (B) (white)
* 100% Fibonacci Extensions of Intermediates (A) & (B) (white)
Expected Outcome:
* Powerful Bearish Impulse in Primary C (red).
Trading Signal:
* Entry @ 14550
* SL @ 15800
* TP1 @ 11200
* TP2 @ 9750
* TP1 @ 9000
Safety Measures:
* When in the green, moving stop-loss at break-even.
