As you can see from my track record, I am never wrong. The DAX will sell off to 14100. I have taken my trade at the very top. Let us watch this unfold. Cheers
The GER 30 price has breached the bullish ascending channel to the downside with s strong bearish engulfing candle, and there is a strong likelihood that the price will undergo a further decline after testing the key level. Nonetheless, if the price surpasses and closes above the key level, there is a possibility of a bullish continuation, which would negate my...
Hello Traders, Dax Index is heading to 15200 K zone then probably there will face a lot of sellers. Long intraday TP 15200 circa. Trade safe. Illyrian Finance
We're watching the support level of 14877 very closely as it's a major overlap, 23.6% Fib retracement and a break of this level, coinciding with the ichimoku cloud bearish exit, could trigger a massive drop to the next support level at 13863. It's also nice to see strong bearish divergence vs Stochastic suggesting we could see a big reversal upon the break of the...
DAX felt 3.04% in Monday, biggest drop for the instrument after December. Investors are cautious after the failings of SVB and Signature Bank that the entire bank sector might be badly hurt from the sharp rise of interests in the last year. On the technical front both MACD and RSI indicators are suggesting continuity of the bearish movement, with RSI below the...
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...
I believe that we have seen the highs on the DAX for the coming 2 years, therefore I have gone full short expecting the rice to reach a new low.
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...
DAX Weekly Forecast 30 Jan - 3 Feb 2023 Based on the data from VDAX we can see that currently the IV for this week is at 18.97%, equal to last week. This can be translated in +/- 2.63% weekly movement from the open of the candle, which makes the next top/bot channel TOP: 15466 BOT: 14673 The probability to break this channel(aka the close of the weekly is going...
DESCRIPTION: In the chart above I have provided a SEMI-MACRO ANALYSIS of PSNY where I address Current Trend, Supply & Demand, RSI & MACD. POINTS: 1. DEVIATION stands at 1.50 Points separating given SUPPLY & DEMAND POCKETS. 2. Price Action is finally finding support above the 45 EMA (BLUE LINE) while the 200 EMA (RED LINE) looks ready to go under & CONFIRM...
GER40 - Intraday - We look to Sell at 15258 (stop at 15348) We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We look for a temporary move higher. A lower correction is expected. Our profit targets will be 15038 and 14988 Resistance: 15130 / 15200 / 15272 Support:...
Technically DE30 trend has reversed bullish after breaking out and printing a higher high, now looking for a good long entry price, 13333 loos juicy with an amazing RRR. This is only valid if no major news happened.
DESCRIPTION: In the chart above I have included and brief macro analysis of the DAX a GERMAN equivalent exchange of the S&P500. Aside from the difference in point ratio the DAX and S&P500 have a special relationship in which they mirror one another usually with the DAX following the S&P500. Nevertheless the DAX in this case can be showing us a different...
DAX Weekly Volatility Analysis 9-13 Jan 2023 We can see that currently the implied volatility for this week is 2.85% With this in mind, currently from ATR point of view we are located in the 1st percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: *For calculations, I am using the data since...
DAX January 2023 Volatility Analysis Currently the volatility for DAX is at 6.28%, up from 6.13% last month. From the volatility current percentile we are located on 57th place, and based on this we can expect the monthly candle to make the next aprox movement: Bullish : 5.686% Bearish : 5.885% With this in mind we have currently 84.1% that the market is going...
GER30 (DAX) Technical Analysis: Price currently trades within a bearish flag. I’m expecting a little push to the upside to create bearish bat/double top then a heavy drop from there. Strong bearish movement was observed last week, we’re anticipating a continuation this week.