Good Morning, i could see dax breaking out of this bull channel to rally upwards. I'd look only for longs here. Here is my recap from yesterday after hours to give more context: Let’s look at the 1h tf because today closed 10 points above the opening price. That tell’s you enough. Opex sold off 100 points to eu open and bulls could not get this above 16560....
Hello Traders! This is my idea related to GER4 40. I see two resistance levels and I expect a bearish domination, taking into consideration the evolution of previous days, it looks very likely to go bearish. I will set two targets, the first resistance and the second resistance level. I'm very curious about the move of the GER index this week. Traders, if you...
After price broke structure to the downside, it retraced and retested a supply zone before preceding to break further structure with momentum. Before it broke the latest low, it formed liquidity right below a golden zone that it is currently retracing towards. It is this liquidity that it could use to fuel it's move to the downside to take out the latest weak low...
DAX (DE40) gave us an excellent sell signal last time we looked into it (December 14 2023, see chart below), as the 1D MACD Bearish Cross, was our sell signal: Our 16500 short-term target has already been hit, and we now shift our focus on the medium-term as it appears that this pull-back will most likely be extended to the 1D MA50 (blue trend-line) at...
GER40 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Current prices have reacted from a low of 16662, however, we expect further losses to follow. Price action resulted in a new all-time high at 17004. An Evening Doji Star formation has been posted at the high. A break of the recent low at...
GER40 TRADE BUYING TRADE IDEA The key buying level Entry Point: 16765.17-16690.17 Stop Loss:16229.17 Take Profit: 17000.17
GER40 - 24h expiry Price action resulted in a new all-time high at 16823. There is no indication that the rally is coming to an end. Yesterday's Marabuzo is located at 16715. Preferred trade is to buy on dips. Our outlook is bullish. We look to Buy at 16715 (stop at 16615) Our profit targets will be 16965 and 17025 Resistance: 16823 / 16900 /...
While we look ahead to the BoJ meeting (19 Dec) and keep a vigil on headlines from local press on potential policy tweaks, this week it's not hard to find tier-one catalysts and event risk for traders to navigate their exposures over. On the central bank side, we look for guidance from the Fed, the ECB, the BoE, Norges Bank and the SNB. For traders who focus on...
DAX hit a new All Time High level, leading world stock indices on this rally and sending a clear message to markets globally: This rally has only just started. As you see on this 1M (monthly) time-frame, with the obvious exception of the COVID crash anomaly (Black Swan event), the index has been trading within a very stable Channel Up pattern since the start of...
DAX eventually broke to the upside following our previous trade idea (see chart below) and hit both our 15635 and 15995 targets: The index is now approaching Resistance 1 (16535), which is the All Time High (ATH) but the 1D CCI shows a Bearish Divergence and potential short-term pull-back. That would serve as an excellent accumulation opportunity for an...
DAX has nice and clean impulsive personality away from the lows in the 4-hour chart which indicates for more gains, but we should be aware of some slow down after a five-wave movement, which can approach the temporary 16530-16600 resistance area from where we may see some pullback.
With a new set of weekly candles to assess, we see the USD looking weak, with the greenback having fallen on the week against all G10 and EM currencies, bar the COP - the risk seems skewed for further downside in the buck. EURUSD closed above the former rising trend (drawn from the March lows) and targets 1.0960 (the 61.8 fibo of the July-Oct sell-off), with...
GER40 - 24h expiry Daily signals are mildly bearish. Negative overnight flows lead to an expectation of a weaker open this morning. A break of the recent low at 15070 should result in a further move lower. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term momentum is bearish. We look to Sell a...
H4 - Bullish convergence. Currently it looks like a pullback is happening. No opposite signs. H1 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
There is a pattern on H4 and H1, There are multiple tops wit divergence, and the market sentiment for next weeks seems like it has to fall, this trade is with the daily trend so it should fall to the bottom.
Pair : German 40 Index Description : Bearish Channel as an Corrective Pattern in Short Time Frame and Completed " 123 " Impulsive Wave. Rejecting from the Lower Trend Line to complete the " 4th " Impulsive Wave and Retracement for the Break of Structure Entry Precaution : Wait for the Proper Rejection or Breakout of Trend Line
Yes, the DAX is clearly within an established downtrend on the daily chart. And its drawdown from its record high is relatively shallow at just -11.5% by historical standards - meaning we suspect further losses could be coming. Yet its failure to break beneath the December high and March low has not gone unnoticed. And given it formed a bullish hammer around...
DE30EUR - 24h expiry We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A Doji...