Dont be fooled, DAX went up 800 points in 3 days, no pullback befor continuation up would be more than surprise in these world conditions. Daily support level is at 450 area.
Hello traders!
✅ This is my trade on DAX30 .
Here I expect bearish price action as price filled the imbalance and rejected from bearish orderblock + psychological price level 13000. My target is sell side liquidity around 12600.
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sell idea
Potential downside continuation on DAX. Clear downtrend structure with nice weekly rejection. Looking for break below 12420 for safer sells and little bit over 1000$ move.
target: 11350
tp2 - 10280
Happy Tuesday,
Unless DAX regains 13k and breaks above 13 100, it can still go either way. Bears do want to break yesterday's low and create LL.
Line in the sand is 12 850
Macro EU Business Climate, Consumer Confidence, HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech
Buy
Break: 12 940, 990, 13 060, 085
Reversal: 12 890, 825,...
Here is my view for DAX on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Trade Idea: Selling Dax
Reasoning: Bearish outside day, looking for selloff to be extended
Entry Level: 13682.0
Take Profit Level: 13512.0
Stop Loss: 13724.0
Risk/Reward: 4.05:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. ...
Happy Tuesday,
Line in the sand for Dax is 13850. However, for the rally to continue 13900 has to break. Bulls need to defend 13810 & 13780. Bears need to take out 13730
Macro : EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI
Buy
Break: 13860, 13920, 14010, 14070
Reversal: 13800, 13740, 13690, 13600
Sell
Break: 13820, 13760,...
Happy Midweek.
The Gandalf line for DAX is currently at 13300. Bulls are in-charge but still very fragile. Today's macro can break them.
It has always been my experience that when price action approaches Big Brown levels, it gets into consolidation because it is decision time. Currently that level is 13440 (B)
Macro: DE - Trade Balance, BME PMI, EUR - PMI,...
Happy GDP Day
DAX has been in a bit of consolidation since 19th July. A strong news can break it out of that range. Current outlook is turning bullish but I would remain careful.
A break above 13380 will set strong bullish direction if it continues after that
Bears have hard work in front of them to break 13070, 13000 & 12810
Macro: EUR business climate,...
It's all CHOP CHOP CHOP with DAX for the last 3 days.
Unless one of the levels 13140 or 13290 are broken with confidence, it's going to be like this till FOMC tomorrow
I have observed this behaviour in all the assets when they get close to Brown top levels. DAX is near Brown level B at 13440.
Yesterday's levels are still in play i.e. Blue B and Brown...
Dax is at a pivotal point. Brown Zone B is in strong play. I think it will go where the US markets go. Wednesday's FOMC will keep markets in a tight range.
Macro movers: Germany business climate index
For immediate direction, as far as it remains above 13100, it is in bullish zone.
Blue zones C and B are also in play.
Buy
Breaks: 13225, 13270, 13350,
...
Yesterday, when the European session began, it became clear that the day would be tumultuous for the EUGERMANY40. The bulls had the upper hand at the start of the session, but after the index reached the levels of 13353, an aggressive correction started. The German index returned to the area between 13185 and 13353 after support was located there. The bear attack...
DAX is likely to consolidate today. However, PMI data might change that and make it directional
Blue zones B, C and mega zone Brown B are in play today.
Break below 13100 can drop DAX to 12800 and below
Break above 13300 can take DAX to 13600 and above
Buy
Breaks: 13220, 13270, 13350, 13450
Reversals: 13050, 12960, 12900, 12820, 12700
Sell
Breaks: ...
Blue levels c,d,e & f are in play. Bears are targeting 12200 & then 11870
Buy reversals at 12390, 12260, 12130/12080
Sell retests at 12800, 12680
Sell breaks on confirmation at 12500, 12390
Further detailed levels are at
Here is my view for DAX on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
#DAX40 #DAX morning #trade #setup analysis
Outlook: Unclear >> bearish
Looking for buys @ 12600 & sells @ 12850
12400 can provide last bounce & open downside to 12200 >> 11900. All the blue levels b, c, d & e are in play today.
