Dax Index Intraday levels valid for September 26th 2023. Levels Works Perfect on 5 Min Timeframe, All The Best. Follow these levels strictly on 5 min TF. Buy Above 15345 & Sell Below 15283.
Germany decided to systematically destroy their (and the EU's) economy, in a consistent and spectacular fashion. This is a no-brainer!! (I have been shorting this, with everything I've got, for the past week.) The only thing that kept this thing afloat, so far, is the underlying currency (EUR/USD) push-pull. I believe that is now over and full capitulation is at...
last week the price managed to form a new HH and at the close it looks corrected. the chances are that the price will still have a limited downside before continuing bullish.
Still two scenarios. The bullish scenario (in green) shows an ending wave 2 down that will be followed by wave 3 up. The bearish scenario (in red) assumes more downside to finish wave C and a higher degree wave (4).
Trend Bullish CB’s bank lending survey reveals signs of concern in the credit market DAX technical levels of interest – prices remain elevated but waning volatility and momentum hint at a propensity for sideways trading to come A break above 16383 pushes DAX40 to achieve potentially possible 23850 A break below 11950 is the beginning of the Bearish trend(red...
DAX went up He is now approaching a Horizontal resistance Of 102.750 while trading In a rising channel so IF we see a breakout of The channel to downside Then the price will go down
Still two scenarios in play. The bullish scenario (in green) shows an ending wave 2 down that will be followed by a wave 3 up. The bearish scenario (in red) assumes more downside to finish a wave C and a higher degree wave (4).
In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe.
H4 - Price is bouncing lower from a key resistance zone. Expecting short term bearish moves to happen here. H1 - Bearish divergence. Most recent uptrend line breakout. Until the key resistance zone holds I expect the price to move lower further in the short term.
We wait for more data to initiate a trade. Firstly, we are waiting for a clear ABC pullback before going long. Secondly, we are waiting for the wave 3 area in the 4h to go short.
From the previous trade analysis on DAX, it hit our target of 16,333. This was due to a Falling Wedge along with a Reverse Cup and Handle pattern. Since then, the price has moved into a consolidation period where the price was fighting between the bulls and bears. And guess who is winning? The bulls again. There has been a smaller pattern form called a...
We wait for more data to initiate a trade. Firstly, we are waiting for a clear ABC pullback before going long. Secondly, we are waiting for the wave 3 area in the 4h to go short.
In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe. We see...
We finally got some data that allows a better interpretation. In the 15m, there is a potential long trade for today but the upside is limited as it concerns the fifth wave.
Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
Ger40 / Dax entered the initial correction period. If you see Wave A has the same length as Wave C, then the possibility that is happening at this time is the formation of Wave (X), after Wave (X) occurs, the price will return to the target with the target up to the trendline below. There is a possibility that the price drops not to the trendline area, by forming...
Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
Several scenarios can play out today. We are waiting for more data. Depending on what the market gives us, we see entries for both short and long trades.