Germany top 30 analysis Long-term effects, could look at lower time frame for entry level. Level 15 0770 was the last perfect entry if you missed it please relax and wait for another time.
Trade ideas
DAX weekly exhaustion volume at wave 5 wolfOrder BUY DAX NASDAQ.NMS Stop 20.97 LMT 20.97 will be automatically canceled at 20230401 01:00:00 EST
DAX weekly exhaustion volume at wave 5 wolf at strong monthly support. Needs weekly downtrend break confirmation. Will exit for small profit if doesn't confirm.
DAX H&SYou guys now I always track the DAX, something I just noticed.... it's got a head and shoulders pattern going on.
Keep in mind that Germany was in trouble before COVID, the only reason why it went up was because of negative interest rates. Now that rates need to go up, they're screwed. Positive interest rate is probably worse than COVID and Putin combined for Germany. Not to mention they have no gas now, lol.
Note: This is DAX ETF, not hedged for currency so the exchange rate in incorporated into the price.
DAX stocks above 20 day moving average updatedDAX stocks above 20 day moving average updated
updated tickers were delisted and needed update
DAX Forecast: Continues to Consolidate Around 200 Day EMAThe German index continues to bounce around the 200 day EMA as we have seen a lot of consolidation in this general vicinity. The 200 day EMA is obviously an indicator that a lot of technical traders will jump on, as it continues to be an area that longer-term traders pay close attention to. Furthermore, when you look at this chart, you can see that we have gone back and forth just above the €15,000 level, an area that obviously would be somewhat attractive for traders as well.
When you look at this chart, you can see we are trying to build a bit of a basing pattern, and if we can take out the €15,500 level, I think it is very likely that we go looking towards the €16,000 level again. Ultimately, the market will have to decide whether or not the lock down situation in Germany is going to roll over the cliff, or if we are going to turn around and rally. At this point, the reaction has been somewhat positive, so one would have to think it is probably only a matter of time before we grind higher. After all, we had recently sold off quite drastically only to go sideways, which is the first step in getting things turned around.
That being said, if we were to break down below the €14,900 level, then it could send this market much lower, perhaps down to the €14,000 level. The DAX is going to be just as sensitive to risk appetite as many other indices, despite the fact that Germany is considered to be the “blue-chip index” of the European Union. A cheap euro certainly helps the idea of exports, which the DAX is full of when it comes to large multinational corporations.
One thing is for sure, if the DAX sells off again, nothing good could happen to other indices such as the IBEX, MIB, and other smaller indices on the continent. If this market does rally, those very same indices will be where traders look to next in order to find some type of return. As things stand right now, we have pulled back to a serious support level, and so far, it seems to be doing its job. It is a little early to call it a victory, but it certainly is starting to act like the buyers are willing to step in.
DAXthe market has reached the 0.78 level but it could not be broken with force and we see a wick on the last candle. for me it is a sell signal. So if the price breaks the level 0.61 fibo there ' will have a probability of going to level 0.5 fibo or less
on the other hand if the price has rebounded it is necessary to forcefully break the level 0.78 fibo there will be a probability of going towards level 1 fibo.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
DAX PennantIf this breaks upwards expect pumptardedness until the end of the year.
Keep in mind that the EUros control the morning gap with futures so if Euro markets break out of the pennant, we'll see the market gap up everyday.
Dangerous right now to short US indices, stick to garbage stocks and countries.
Dead DAXI've plotted this before, and it looks like we're finally done with wave 4. Europe is more than likely going into a recession, China deal has little to do with them.
Futures follow European markets(just look at last night) so it's going to be an uphill battle for the market even if the US doesn't go into a recession. Not to mention those bastards inverted the yield curve today. That really tanked the market, especially financials.
DAX Short. H&S, descending triangle, Elliot wave count BEARISHNow, there are several bearish patterns that have emerged in the DAX chart. The 5-wave count and the H&S pattern with a descending triangle are all very bearish signs showing the correction is not over yet, and there is still plenty of room to fall for the DAX.
Look to enter a trade after the break of the descending triangle pattern, which is also sitting at the 0.382 Fibonacci level, which, when broken, will help accelerate the plunge. My price targets are somewhat conservative, although I am forecasting a large move. My price target 1 is simply at the 0.618 Fibonachi level, which is one of the more significant fib levels. I arrived at my price target 2 by applying the tendency for triangles to breakout to the size of their left boundary. If you are feeling pretty bon vi von, you could look to the 0.786 fib level for a possible target 3 at $24.01
This trade has multiple, strong pattern indicators showing it has a high probability, and using a few ticks above the lower triangle support pattern as a stop loss, it has a fantastic risk/reward ratio of 15 as well. This could take quite some time to develop, but things will move quickly once the 0.382 retracement / triangle support pattern is broken, so a OTM put option buy at that time could be quite profitable.
