DAX40 is about to crash. A BIG short trade is pending its turn. Germany40 Index (GER40, GRXEUR, GER30) is trapped in a Bearish stance. Fundamentally, many things are against a Bull-Market at these times, but I mentioned that in my VIX spike idea. From a Technical Analysis standpoint, well, the picture is much clearer. Technicals: * A-B-C Elliott Wave...
DAX H8 We pushed almost as high at 16000 before seeing a slight rejection, corrections possible, infact another test of 15700 isn't out of the question. Simple longs from this support zone again if this is the case. 16000 being quite a prominent psychological resistance price. We have a void of 285 pips to take us up to our major resistance and ultimate TP.
DAX40 8H Finding a range on the German indices at the moment, after aggressive highs of 16440 ish... We have now started correcting back into a previous play of S/R. Which is good for us as it now means we have previous highs to target, and previous support to buy from. Ideally looking for longs (in line with alerts) from 15700 price, in aim to trade back up...
GER40 - 24h expiry Offers ample risk/reward to buy at the market. The primary trend remains bullish. The 1 day moving average should provide support at 15923. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Bespoke support is located at 15900. We look to Buy at 15902 (stop at 15802) Our profit targets...
GER40 - Intraday Price action continues to trade around the all-time highs. There is no clear indication that the upward move is coming to an end. The bullish engulfing candle on the 4 hour chart the positive for sentiment. The bias is to break to the upside. The primary trend remains bullish. We look to Buy a break of 16351 (stop at 16251) Our profit...
DAX is on the 4th green 1day candle in a row, extending the spot on buy entry we gave 2 weeks ago exactly at the bottom. The 1day RSI is on balance bullish levels (62.31) and shows still upside potential while there is still room left before the Channel Up makes a Higher High. That will be at a +6.30% rise from the Low, as previously taken place. Target remains...
DAX40 H4 & D1 Starting to see rejections from this 16300/350 price, I would like to see us pull down towards that 16000 whole number price in the short term before then maybe seeing something even deeper on a higher timeframe basis. We have indicated an entry (albeit a little late, apologies) for the H4 entry, and also marked the D1 timeframe for reference and...
DAX 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...
DAX is trading around the 4H MA50 and 4H MA200 with technicals naturally neutral (RSI = 52.802, MACD = 10.300, ADX = 21.396) as on any consolidation. The pattern that was completed (inside the long term Channel Up) is an Inverse Head and Shoulders. Technically such formations target the 2.0 Fibonacci. Our plan is to traget the R1 initially (TP1 = 16,335) and then...
Trade Idea: Selling EU50EUR Reasoning: • Weekly – Consecutive hanging man candles (Bearish) • Daily – Bearish dark cloud cover after Fridays break higher (Bearish) • 4hr – Bearish outside candle at Ichimoku Cloud resistance • 1hr – Testing Ichimoku cloud support (Neutral/Bullish) Entry Level: 4285.7 Take Profit Level: 4212.8 Stop Loss: 4310.9 Risk/Reward:...
DAX had an excellent run since our buy signal (see chart below) more than two months ago (March 21) but after it broke above the former All Time High (ATH) on May 19, it has formed a top and is pulling back: As long as the price is closing the 1D candle above the 1D MA50 (blue trend-line), it will be a buy opportunity targeting the top of the (dotted) Channel...
It looks like Ger40 might be forming an inverted Head & Shoulders pattern on the weekly chart, which could potentially indicate a rise in price. The resistance Trendline was recently broken and retested, and we're now waiting for the neckline to be broken to gain momentum towards the upside. It's important to keep in mind that we'll want to see the candle close...
DAX hit today the bottom of the short term Channel Up. This is inside a larger Channel Up pattern that started during last year's market bottom. As long as it holds, especially the 1day MA100, buy and target 16600 on a +6.34% repetition of the first short term Channel Up rally. If the price closes under the 1day MA100, sell and target the bottom of the long term...
DAX has turned neutral after the 16340 top and the subsequent test of the MA50 (1d). As long as those two levels hold, it will remain sideways with no action to take. The long term pattern is a double Channel Up. Trading Plan: 1. Buy if the price closes over Resistance (1). 2. Sell if the price closes under the MA50 (1d). Targets: 1. 16750 (top of Channel...
Bullish trades setting up on the GER40. We will be looking for some pullbacks for entries.
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DAX has almost hit today the 1D MA50 (last time it had contact was March 29th) and reacted with a rebound. The 1D technicals are neutral (RSI = 45.355, MACD = 76.400, ADX = 25.34&) indicating that this is a first Support level but if we close a 1D candle under it, can drop more until they turn red. Consequently, as long as the 1D MA50 holds, we will keep our...