The DAX has been hit hard over the course of August thus far, with German stocks on the back foot once again today. Despite being the traditional powerhouse of Europe, Germany appears to be struggling in terms of both economic output and above-target inflation. The latest German industrial production reading served to exemplify the troubles in Germany at the...
Based on the Daily timeframe possible move to the up side on ger30
We are looking at two scenarios for the DAX now. In the bullish scenario, there might be an opportunity to go long. In the bearish scenario, there might be an opportunity to go short.
We are looking at two scenarios for the DAX now. In the bullish scenario, we see an opportunity to go long. In the bearish scenario, there is an opportunity to go short.
When look on D1, we have Inv... H&Ss pattern and when you zoom in on H4 we have a double bottom. let us wait a break out & retest to confirm a bullish trend. NB:NO REVERSAL PATTERN NO ENTRY.
Hello,Traders! DAX is making a rebound From the rising support So as the index is in the Uptrend I think that we Will see further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
After the massive losses in the German benchmark index, there is a clear bullish divergence in the CumulativeDelta. Similar divergences can be seen in other timeframes. On the opposite side, no bearish divergences have manifested in the higher timeframes. Therefore, we assume that the price losses are temporary and that prices will soon head towards the recent...
Hello friends, in the video, I showed that there is an ending pattern in the weekly timeframe, which is clearly Negative normal deviation in the MACD indicator. Then, in the daily time, I determined the possible path of the price if the ending pattern breaks. The trigger for selling can be the break of the pattern in the daily time. From a fundamental point of...
In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe.
DAX is trading in an uptrend and the bullish bias is confirmed by the rebound we are seeing after the pair retested the rising support so I think the growth will continue
✅DAX is trading in an uptrend And the bullish bias is confirmed By the rebound we are seeing After the pair retested the rising support So I think the growth will continue LONG🚀 ✅Like and subscribe to never miss a new idea!✅
we have a break of a 30min upward channel and also at a key resistance, we are looking at the market to push downwards to the next support
Pivot: 15860.00 Our preference: long positions above 15860.00 with targets at 16130.00 & 16225.00 in extension. Alternative scenario: below 15860.00 look for further downside with 15790.00 & 15710.00 as targets. Comment: a support base at 15860.00 has formed and has allowed for a temporary stabilisation.
Pivot: 16225.00 Our preference: short positions below 16225.00 with targets at 15860.00 & 15680.00 in extension. Alternative scenario: above 16225.00 look for further upside with 16350.00 & 16470.00 as targets. Comment: as long as the resistance at 16225.00 is not surpassed, the risk of the break below 15860.00 remains high.
GER30 the price as long stabilizes above 16015 the target will be 16206 and above it 16354 otherwise, stabilize under 16015 by closing the 4h candle under it, then will be falling to get 15718 and 1556 pivot price: 15015 resistance price: 16206 & 16354 & 16506 support price: 15718 & 15563 & 15426 timeframe 4h
GER40 - 24h expiry There is no indication that the selloff is coming to an end. Indecisive price action has resulted in sideways congestion on the intraday chart. The lack of interest is a concern for bulls. We look for losses to be extended today. A break of yesterday's low would confirm bearish momentum. We look to Sell a break of 15947 (stop at 16047)...
We are waiting for the end of a WXY correction before going long again.