The German stock index (DAX) just hit the 4H MA50 (blue trend-line) and it getting rejected. This pull-back has high probabilities of turning into a sustainable sell sequence to a Lower Low considering that just two days ago a Death Cross was formed on the 4H time-frame, which is when the 4H MA50 crosses below the 4H MA200 (orange trend-line). In 2022 every 4H...
H4 - Price respected a key resistance zone and bounced lower. Bearish divergence. Lower lows. H1 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold my short term view remains bearish here.
The German stock index (DAX) has had a strongly bearish week as it got rejected just below the 14700 June 06 High, inside the greater Resistance Zone that is holding since March 29. As we mentioned last week, this is a much needed technical pull-back following the +24.50% rise since the October 03 Low. The 1D RSI got vastly overbought above 80.000 and it is only...
DAX40 - Intraday - We look to Sell at 14214 (stop at 14291) Short term bias has turned negative. Previous support at 14200 now becomes resistance. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 14031 and 14001 Resistance: 14040 / 14100 / 14200 Support: 13956 / 13900 / 13800 Please be advised...
DAX couldn't have given us a better trade yesterday as following the lower than expected U.S. CPI (which is a big plus in the ongoing battle to control inflation), the price broke above the 4H MA50 (14,376.70) and came close to the 14,710 (June 6th 2022 High) Resistance, getting rejected at 14,670, which is a Higher High since November 14th. The price is now...
GER40 - Intraday - We look to Buy at 14381 (stop at 14309) Short term momentum is bullish. Short term bias has turned positive. 50 4hour EMA is at 14380. Previous resistance at 14380 now becomes support. We look for a temporary move lower. We look to buy dips. Daily signals are bullish. Our profit targets will be 14558 and 14588 Resistance: 14500 /...
Today the German stock market (DAX) completed a Golden Cross pattern on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). That is technically a bullish formation and that is what we interpret it as, at least on the long-term. Historically a 1D Golden Cross delivers new Bull Phases on DAX and it was such...
GER40 - Intraday - We look to Sell a break of 14239 (stop at 14331) Short term bias has turned negative. The trend of higher intraday lows has also been broken. Our outlook is bearish. We look for losses to be extended today. A break of yesterdays low would confirm bearish momentum. 20 1day EMA is at 14240. Our profit targets will be 14012 and 13962...
The price failed to break above the 4H MA50 (red) and dropped more to a new Low. This is getting closer to our 14,150 short-term target just above the 14,130 Support (formed from the low of November 15th). 4H is now close to oversold territory (RSI = 34.750, MACD = -47.400, ADX = 59.234) so we might see a short term rebound back to the 4H MA50 (14,446.70 and...
GER40 - Intraday - We look to Buy at 14433 (stop at 14364) Intraday signals are bullish. Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. The trend of higher lows is located at 14430. We look to buy dips. Our profit targets will be 14598 and...
DAX continues to slowly but steadily grind higher using the 4H MA50 (14,451) as Pivot. With such neutral 4H technicals (RSI = 50.442, MACD = 15.00, ADX = 16.012), we will engage today in scalping activity within the 4H Bollinger Bands (14,590 - 14,389). A break above 14,650 would be a break-out bullish call targeting 14,710 (June 6th 2022 High) Resistance, while a...
DAX40 - Intraday - We look to Sell a break of 14319 (stop at 14401) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Posted a Treble Top formation. A bearish Head and Shoulders is forming. A break of yesterdays low would confirm bearish momentum. Spikes (rejections) can be seen in both directions highlighting...
The German Index (DAX) hit last week its 1W MA100 (green trend-line) and early this week, the 1W candle is pulling-back in red. If it closes this way, it will be the first week of loss (red) since late September, running an amazing streak of 8 straight green ones. With the 1W RSI almost reaching 65.000 for the first time since November 15 2021 (a whole year ago),...
GER40 - Intraday - We look to Sell a break of 14319 (stop at 14401) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Posted a Treble Top formation. A bearish Head and Shoulders is forming. A break of yesterdays low would confirm bearish momentum. Bearish engulfing has been posted on last candle. Our profit...
GER40 - Intraday - We look to Sell at 14549 (stop at 14631) We are trading at overbought extremes. Posted a Treble Top formation. Rallies should be capped by yesterday's high. We look for a temporary move higher. Bearish divergence is expected to cap gains. Our profit targets will be 14346 and 14306 Resistance: 14500 / 14550 / 14583 Support: 14440 / 14380...
we have 3 gap on phisical cash DAX INDEX ,personaly i think red scenario will happend THEN as i predict in low, before dax will see 14800-15000 area AC indicator show new +up trend will start if if if last low 14500 not break ,,,,if 14500 break signal will switch to sell ALERT: END OF YEAR +RALLY CAN START good luck
GER40 - Intraday - We look to Buy at 14481 (stop at 14399) We are trading at overbought extremes. There is no clear indication that the upward move is coming to an end. Daily signals are bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 14478. Our profit...
GER40 - Intraday - We look to Sell a break of 14309 (stop at 14401) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A break of the recent low at 14319 should result in a further move lower. We are trading at overbought extremes. A Doji style candle has been posted from the high. Our profit targets will...