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DAX: Supported by the 1D MA50, ready for a slingshot.DAX is on a marginally bullish 1D timeframe (RSI = 56.008, MACD = 24.500, ADX = 26.521), which indicates that there is still significant upside potential to the rebound that started on the July 7th Low. That Low may have been a HL on the long term Channel Up but also a LL on the two month Channel Down. The 1D RSI is also at the top of its Channel Down, so in order for us to buy again, we need to see a breakout over both tops. If that happens, then there are high probabilities of the move replicating the slingshot of April-May as they both broke out after an Inverse Head and Shoulders was formed. Consequently we will buy that breakout and set a TP = 16,800. It's worth mentioning that a crossing over the R1 invalidates the potential of a Head and Shoulders (bearish pattern) that may be forming since May 19th. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
3
DAX: Short term buy opportunity.DAX is rebounding after a -4.60% decline that turned the 1D timeframe bearish (RSI = 42.197, MACD = -69.700, ADX = 37.228). Even though that decline hit the bottom of the long term Channel Up, we focus more on the short term where after similar declines in the past two months (both -4.30%), the price rebounded to at leastthe 0.618 Fibonacci level. Consequently we go short and target the 0.618 Fibonacci (TP = 15,930) which can connect with the 4H MA200 as well. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
4
DAX hit the bottom of the long term Channel Up. Buy.DAX hit on Friday the bottom of the 8month Channel Up, just under Support (1), which was the low of April 5th. That is a long term buy opportunity and the price is treating it as such since it's already on two straight bullish candles. The previous Higher Lows was also priced within the MA100 (1d) and the bottom of the Channel Up. Trading Plan: 1. Sell on the current market price. 2. Buy if the price crosses under the Channel Up. Targets: 1. 16430 (Resistance 1). 2. 15150 (MA200 1d). Tips: 1. The RSI (1d) hit the Falling Support which made the Channel Up bottoms of December 16th and March 13th. However the price dropped some more after the RSI hit that price. Hence it is not unrealistic to expect 15150 and a MA200 (1d) test for the next long term buy. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:DE40Long
by TradingBrokersView
4
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: Follow us, like the idea and leave a comment below!!
CAPITALCOM:DE40Short
by TheCryptagon
7
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: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40
by InvestingScope
2
29062023 - #DAXYesterday's speech has no impact. Basically it was a simple basing at PZ then rally day. Lowest price was at open as it rallied then base then rally. There was some resistance during US session but it did not do much to DAX, finding support at the BZ and moving higher. I was much bullish indices yesterday except for the unknown speeches by BOJ and price action is just playing out as it is. Price is much overbought which is a "concern" but other than that today could be another strong up day with 16130 as a possible target/strong resistance.
OANDA:DE30EUR
by FadeMeIfYouCan
28062023 - #DAXI was bullish DAX yesterday based on price action but was expecting a dip, but instead it went up first, perfectly to a multi-confluence strong resistance and made a triple top there before it came down. PZ was an initial support and gave an initial bounce but sold off to new lows but with bullish divergence and that was when market gave the huge rally. But what was interesting is how market, especially the US futures opened and came down with bearish divergence for SPX. Another sell down like last Friday? I am quite neutral overall on this TBH. But price action points to further upside. Any dip above 15830 (could reach there) should be bought up for a move higher. Of course, there are 2 BZ above acting as resistance but IMO once those break can see 16032 and above.
OANDA:DE30EUR
by FadeMeIfYouCan
27062023 - #DAXDAX made me most of the money yesterday, it did not hit the sell limit level provided but we managed to go long then down it down to 15730 before catching the long moves. See how price perfectly capped the lows yesterday. On DAX, it is somewhat more bullish yesterday compared to the US indices and yesterday's candle could be a sign of bottoming. But, I would be more convinced if US indices did not falter rather badly yesterday towards the end. Still, DAX could end green today but we need to look at strength of US indices too. For now market is above the PZ. IMO, price could still dip to 15716, and in that case, would look for a possible divergence to go long for a move to 15780 and even 15890. If price holds PZ, 15780-15800, look for a basing move to go long to target 15890 and possibly 15940, then look for short there.
OANDA:DE30EUR
by FadeMeIfYouCan
DAX: Two buy entries for the long term.DAX turned technically bearish on the 1D time frame (RSI = 42.479, MACD = 3.900, ADX = 32.769) with the RSI approaching the lows of March 17th. This is our first long term buy entry as the price is not only at the bottom of the (blue) short term Channel Up but also testing the 1D MA100 for the first time since March 20th. If the price closes a 1D candle under the 1D MA100, it will most likely fail to hold the S1 and S2 supports as well and instead go for a full -6.70% decline extension to 15,350 such as the mid March and mid December correction legs. That will be the second buy entry. In both cases our target is the short term Channel's HH (TP = 16,500). Pay attention to the RSI also where the bottom of the Channel Up will be an additional buy signal. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40
by InvestingScope
11
26062023 - #DAXLast Friday, market sold off after Thursday's somewhat bearish close. It sold perfectly to support before an equally fast recovery. Market closed near the mid point. Weekly chart looks bearish with price below weekly BZ. Also, looking at how the monthly candle at this point of time, my thought was that if price trades below May's low, that could trigger downside. But at the same time, we also had the Russia news over the week end which probably seem to indicate a gap down but no it did not. Having said so much, we should see further downside today. But let's see what premarket brings. Price is now basing above PZ, thus short term wise, could see a move to 15890 and even 15924 first before a rejection; looking for a move to 15710 or so, where we look for any long opportunities. If market did not trigger the above 2 levels, look for a move below 15824, test and rejection for the move lower.
OANDA:DE30EURShort
by FadeMeIfYouCan
DAX Sell signal but gets invalidated on this levelDAX is on a 2-day pullback with a new (dashed) Channel Up emerging. The index is already inside two long term Channel Up patterns. The RSI (1d) crossed under its MA level, calling for a technical pullback inside the borders of these Channel Up patterns. Trading Plan: 1. Sell as long as the price remains under Resistance (1). 2. Buy if it breaks above it. Targets: 1. 15740 (bottom on two Channel Up patterns). 2. 16950 (top on two Channel Up patterns). Tips: 1. The RSI (1d) has a Rising Support. Keep that in mind as if it holds you might consider closing the short position earlier. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:DE40Short
by TradingBrokersView
6
DAX Channel Up and Inverse Head & Shoulders pushing for Gap fillDAX rebounded at the bottom of the Channel Up, forming Support (1) at 15625. By doing so it completed the formation of an Inverse Head and Shoulders. This is a twin bullish signal same with the March bottom. Trading Plan: 1. Buy on the current market price. 2. Sell if it crosses Support 1 (15625). Targets: 1. 16340 (Resistance 1 and Gap fill as per the March fractal). 2. 15250 (bottom of long term Channel Up). Tips: 1. The RSI (4h) is also forming a Channel Up like March indicating that we might be exactly before the breakout to the gap fill. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:DE40Long
by TradingBrokersView
8
DAX holding the 1day MA50, ready for a rally.DAX is holding the 1day MA50 Support for the 5th candle in a row. This keeps the Channel Up intact, with the price near its bottom. The 1day RSI is on a consolidation under the MA trendline same with late March. That was the same price consolidation after a Channel Up bottom. The price rallied by +6.34% from that level. Buy and target 16600. If the 1day candle though closes under the 1day MA100, sell and target 15200. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:DE40Long
by TheCryptagon
1
DAX: Holding the 4H MA50 but has one more Resistance to break.DAX is on its 4H MA50 with the 4H MA200 on a parallel move to the bottom of the Channel Up. Both the 1D and 4H (RSI = 52.763, MACD = 7.300, ADX = 19.891) are neutral so we will only take short term, confirmed trades after breakouts. A crossing over R1 (even better if the 4H RSI also crosses over its LH trendline) is a buy breakout signal (TP = 16,100) and further of the HH trendline, a buy signal targeting the All Time High (TP = 16,300). We will go short on the other hand, if the index closes under S1 and target S2 (TP = 15,500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40
by InvestingScope
6
DAX: Bullish inside a Channel Up unless this line breaks.DAX is trading inside a Channel Up with the 4H technicals neutral (RSI = 53.275, MACD = -10.100, ADX = 32.263). With 1D also neutral , it indicates that the dominant bullish trend has to be favored and that this is a buy opportunity. That is also supported by the 4H RSI which held the 38.60 Support. Keep in mind though that the index has been pulling back inside a Channel Down, so we will buy only if it crosses above it and target near the All Time High (TP = 16,250). If rejected inside the Channel Down, we will short term sell and target the S1 (TP = 15,660), where the price can touch the 4H MA200 after several weeks. Finally if it closes under the S1 and 4H MA200, we will expect a stronger drop back to the Pivot Zone, thus sell with TP = 15,300. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40
by InvestingScope
2
DAX: Important test for the uptrend.DAX turned bearish on the 4H time frame (RSI = 41.803, MACD = 25.466, ADX = 46.018) as it crossed under the 4H MA50 and hit the bottom of the short term Channel Up as well as the S1. So far the uptrend is loosely supported and the Channel Up is targeting the all time high (TP = 16,200). If however it closes under the S1, we expect a test of the 4H MA200 at least near the S2 (15,490) before a rebound. Closing under the S2 as well opens the way for the S3 Zone, which will be the lowest risk buy entry on a long term horizon. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
1