GER40 - We are trading at overbought extremes. Short term bias has turned negative. A higher correction is expected. News events could adversley affect the short term technical picture. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. 24h expiry - We look to Sell at 15466 (stop at 15586) Our profit targets...
DAX / 1H Hello traders, welcome back to another market breakdown. The dax has rejected a key level sending a signal to the bulls to buy more. Checkout the what I'm waiting for a swing trade. Trade safely, Trader Leo.
GER40 - Intraday - Short term oscillators have turned negative. The trend of higher intraday lows has also been broken. The sequence for trading is lower lows and highs. Preferred trade is to sell into rallies. 50 4hour EMA is at 15242. We look to Sell at 15229 (stop at 15329) Our profit targets will be 14979 and 14939 Resistance: 15000 / 15120 /...
GER40 - Intraday - 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. The bullish engulfing candle on the 4 hour chart the positive for sentiment. We look to buy dips. Support is located at 15290 and should stem dips...
DAX is rising before reaching the MA50 (4h). The patterns involved are two Megaphones. The MA50 (1d) is supporting long term. Trading Plan: 1. Buy on the current market price. Targets: 1. 15800 (Fibonacci 1.236 extension, similar to Jan 31st - Feb 2nd rise that was also +3.75%). Tips: 1. The RSI (4h) also on a perfect harmony with Jan 31st - Feb 2nd,...
GER40 - Intraday - We look to Sell at 15424 (stop at 15504) The bearish engulfing candle on the daily chart is negative for sentiment. Daily signals for sentiment are at overbought extremes. Short term momentum is bearish. The trend of lower highs is located at 15490. Our short term bias remains negative. We look for a temporary move higher. Our profit...
DAX (DE40) got rejected on its third Lower High within this 2 week Channel Down. We are taking this sell but first target is on the Higher Lows trend-line of the Triangle and only if that breaks, we will extend selling to complete a -2.18% decline on the new Lower Low of the Channel Down. The RSI's Rectangle shows the best short-term buy entry. The most optimal...
DAX is inside a Megaphone pattern but the recent Channel Down of the past 2 weeks is eyeing a repeat break downwards as the December Megaphone did on the 1day MA50. The latter is waiting now inside Support A. The strongest buy signal will be given when the 1day RSI hits the bottom of its 3 month Rectangle at 41.00. Buy and target the previous High at 15650. ...
GER40 - Intraday - We look to Sell at 15484 (stop at 15564) The bearish engulfing candle on the daily chart is negative for sentiment. Daily signals for sentiment are at oversold extremes. A higher correction is expected. The trend of lower highs is located at 15510. Prices expected to stall near trend line resistance. Our profit targets will be 15284 and...
DAX has had the strongest 1D bearish candle today since December 15 2022. That was the candle that accelerated the correction from the Higher High Zone (red zone) of the long-term Channel Up to the Buy Zone (green zone). With the Channel Up pattern starting on the October 03 2022 market bottom and remaining valid up to now, this Buy Zone has been the most optimal...
GER40 - Intraday - We look to Buy at 15282 (stop at 15202) Daily signals are bullish. The bullish engulfing candle on the 4 hour chart the positive for sentiment. Preferred trade is to buy on dips. 20 1day EMA is at 15340. Support is located at 15300 and should stem dips to this area. Our profit targets will be 15482 and 15522 Resistance: 15556 / 15630 /...
GER40 - Intraday - We look to Sell a break of 15279 (stop at 15359) Overbought signals and exhaustion indicators offer fair reason to sell the index but we prefer to see a break of support before fading this impressive move. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term indicators have turned...
DAX is inside a long term Channel Up pattern. The price volatility in 2023 can be seen as a mini Rising Wedge on a Rising Support. A similar Wedge was at the start of the Channel Up. When it broke, the MA50 1D got hit. Trading Plan: 1. Buy on the Rising Support and Fibonacci 0.5 2. Buy on the MA50 1D if the Rising Support breaks. Targets: 1. 15600 (under...
Nice illustration of DAX's sideways trading since the start of February. The Fibonacci levels help at finding the low risk/ high reward trades. And those are to sell on Fibonacci 0.786 and buy on Fibonacci 0.236. The RSI is on a similar range. Do this enough times to grow your profit until the pattern breaks. Follow us, like the idea and leave a comment below!!
GER40 - Intraday - We look to Buy at 15371 (stop at 15291) 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. There is no clear indication that the upward move is coming to an end. We look for a temporary move lower. 20 1day EMA is at 15340. Our profit...
GERMANY40 had broken through the support of the Rising Wedge candle sticks pattern, which is a sign for possible bearish movement of the instrument. Both MACD and RSI indicators are confirming the outlook: MACD histogram is below the 0 line, while RSI line is breaking the Overbought line from above, also a strong bearish indicator. If this scenario continues, the...
DAX is trading inside a Channel Up on bullish technicals both for 4H (RSI = 58.830 , MACD = 35.400, ADX = 33.092) and 1D (RSI = 65.538, MACD = 212.600, ADX = 27.945). 1D is stronger as its pattern is a Bullish Megaphone for the past 1 month. Basically we are now expanding on the breakout signal given on Monday as shown below. The Channel Up rises on every...
Since our analysis last month, DAX (DE40) hit our target by rising more than +12.50%, as the previous rally fractal within the +4 month Channel Up suggested. Right now the index is loosely supported by the 4H MA100 (red trend-line), having already broken it 3 times, but managed to close all of them back above it. As on December 06 2022, a 1D candle close below the...