Dax managed to stay inside the monthly range, unlike Us indices ,Dax avoided any heavy loss regardless of the situation in middle east as well as the higher inflation numbers from US. Price is likely to continue inside 15130-15330 rectangle with few more Higher highs and Higher Lows ,Speculative Sentiment Index is around 40% and fluctuating rapidly after every...
Pattern: Channel Up on 1D. Signal: Buy as the price entered the 1D MA50 (blue trend-line) - 4H MA300 (yellow trend-line) Buy Zone. This has initiated a rebound twice within the Channel Up. Also the RSI is on its 4 month Support Zone and the MACD close to it. Target: 15500 (Resistance) and 16200 (Higher High) in extension. ** Please support this idea with...
Pattern: Channel Up on 1D. Signal: Sell as the MACD is flatlined and could repeat the September 2020 sequence. Target: The 1D MA50. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !!...
Pattern: Channel Up on 4H. Signal: Buy but only if the price breaks above the middle of the Channel again. Otherwise the pattern may turn into an Inverted Head and Shoulders. Target: 13600 (Higher High trend-line of the Channel Up). Please like, subscribe and share your ideas and charts with the community!...
Pattern: Channel Up on 4H. Signal: Buy once the price approaches the 4H MA50, which has been supporting since November 19. Target: 13500 (+1.75 projected rise from the 4H MA50 contact). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Lower Highs bullish break-out. Signal: Buy as the RSI broke above its 3 month Lower Highs trend-line and the MACD is on a Bullish Cross much below the mean. Target: 13850 (within the ATH and 1.236 Fib extension line). Most recent DAX signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
This is an interesting 3 year pattern for DAX. Since 2018, every time the 1D MA200 breaks as a Resistance (index closes one 1D candle above it), DAX rallies to at least the 0.786 Fibonacci retracement level of the previous Top. Right now we are testing the 1D MA200 and the 0.786 is at 13000. Will history repeat? ** Please support this idea with your likes and...
How symmetrical is this short/medium-term structure on DAX? Well if that pattern is completed in the same fashion it started, we are looking at a temporary pull-back (orange ellipse), then test of the Lower High trend-line, pull-back and finally a break-out. Too obvious to be true? Could be. In the meantime the 4H MACD is making a Bullish Cross. All valid of...
Pattern: Channel Up on 1D. Signal: Buy as the price hit the Demand Zone made of the 0.382 - 0.236 Fibonacci levels (worked successfully on the 3 last occasions). Target: 13500 (regressive rate on the 1.082 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Although accounting for a ~+2% currency advantage over US indexes and for an annual +5%-6% equity (stocks) advantage over US stocks, in general, all that means is that the DAX will sink somewhat slower/less than it's US counterparts. E.g. one should sell this - SHORT -, freely here, as well.
Pattern: Channel Up. Signal: Buy as the price is forming a Bullish Flag , which has been a bullish break-out signal in the past 2 occurrences within the Channel. Target: 13150 (short-term) and 13500 (long-term which is the -0.5 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up on 4H. Signal: Buy as the RSI hit and rebounded on the 39.50 Support level, which has always delivered a bounce. Target: 13400 (Below the Higher Low trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal...
Pattern: Rectangle on 4H. Signal: Bearish if the 4H MA50 breaks. Target: 10200 (just above the Support). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Recent DAX trade:
Just an observation on DAX. The index is consolidating within the 10150 Support and 11335 Resistance with the 1D RSI ranged too around roughly 53.00. Last time it was trading within those RSI levels was from December 2019 to February 2020. The sharp sell-off took place then. It appears that investors are once again unsure on how to move forward with the index and...
Pattern: Channel Up since late March. Signal: Bullish (A) as long as the Channel Up holds (right now marginally holding), Bearish (B) if it breaks. Target: (A) 11200 (right below the Resistance) and (B) 10200 (right above the Support) or the Higher Low trend-lines if you seek quicker profit.
Pattern: Rising Wedge on 1D. Signal: Bearish if the next opening is below the 4H MA50. Otherwise the signal is invalid. Target: 13360 (right above the 4H MA200).
Pattern: Channel Up on 1W. Signal: Bearish as the price is below the MA50 and MA200 on the 4H chart, with a potential to form a Death Cross. Last time that happened DAX made a Higher Low on the Channel Up. Target: 12500 (top of the Higher Low support zone). * Latest successful Sell Signal on DAX:
Pattern: 1D Channel Up. Signal: Bearish as the pattern made a Higher High and is pulling down towards the 1D MA50 for a new Higher Low. Target: 12,700 (just above the symmetrical July High Support).