DAX Elliott Wave Analysis for Tuesday 29/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).10:00by AndyCuckoo0
DAX has turned positive.GER40 - 24h expiry Short term bias has turned positive. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. We look to buy dips. Bespoke support is located at 15700. The lack of interest is a concern for bears. We look to Buy at 15711 (stop at 15611) Our profit targets will be 15961 and 16021 Resistance: 15830 / 15895 / 16000 Support: 15800 / 15700 / 15600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA4
Ger30 we going short It's a Long way to go but the shorts might hit maybe on Wednesday because the market has Broken our daily trend line and Now to confirm we need a Retest below it.....open for discussion.Shortby CAPTOR0
DAX 6H potentially bullish Enjoy the setup with SL and Sure TP as well Hope this proves that we can be sure about magnet 🧲 candle by HuntingTraps3
GER30 H4 | Bearish reaction off 78.6% fibo?Price could potentially reach our sell entry at 15821.07, which is an overlap resistance level, and there is also multiple fibo confluences as well. There is a 78.6% fibo retracement and 61.8% fibo projection, which shows that this area could show signs of a reversal. Our stop loss is at 15909.2, which is above the swing high resistance where the long wick was formed. Take profit is at 15563.1, which is the previous swing low support, and at the 78.6% fibo retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Short04:48by FXCM0
Watch out - We think that the Dax has a potential expanding top!An expanding top pattern, also known as a broadening top or megaphone pattern. It is characterized by a series of higher highs and lower lows, resulting in the formation of two divergent trendlines that gradually move apart from each other. This pattern indicates increasing volatility and uncertainty in the market. Key characteristics of an expanding top pattern: 1. Trendlines: The pattern is defined by two trendlines – an upper trendline connecting the series of higher highs and a lower trendline connecting the series of lower lows. These trendlines create a widening or expanding formation over time. See how we have drawn these on the DAX daily chart. This indicates that buyers and sellers are actively participating in the market, but their lack of consensus leads to a widening price range. 2. Volatility: Expanding tops are associated with rising market volatility and indecision among traders. The price swings become wider as the pattern develops, reflecting alternating periods of bullish and bearish sentiment. This increase of volatility is a phenomenon that I have seen many times during periods of reversals in markets. 3. An expanding top pattern is typically seen as a reversal pattern, which places the bull move on the DAX in jeopardy. It's important to note that while it's a reversal pattern, it doesn't necessarily guarantee a reversal will occur. We need to wait for confirmation. 4. Duration: The pattern normally takes time to develop (over weeks and sometimes months as in this case). The widening range and increased volatility contribute to the longer formation time. 5. Volume: Volume analysis is crucial when identifying this pattern. Generally, volume should increase as the pattern develops, particularly during the formation of new highs and lows. A decrease in volume as the pattern progresses might indicate weakening momentum. 6. Confirmation: Traders typically look for a breakout below the lower trendline to confirm the validity of the pattern and the potential reversal. Once the price breaks below the lower trendline with strong volume, it may signal a bearish trend reversal. While the expanding top pattern can provide insights into potential trend reversals, it's not foolproof. False signals can occur, however given the markets failure at its previous high, the risk is increased that we will see a slide lower. Short02:24by The_STA118
DE30 SELL IDEAAmazing over extended price if we manage to reach that blue ob on the top , over etending previous friday high Shortby Forex_Society1
DAX Elliott Wave Analysis for Monday 28/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).08:32by AndyCuckoo0
DE30EURGERMAN 30,expecting the market to take th liquidity above these highs into that supply zone and selllShortby Allegro_Sa0
GER40 Analysis 27Aug2023last week the price managed to form a new HH and at the close it looks corrected. the chances are that the price will still have a limited downside before continuing bullish.by Hokusai_FX2
✅DAX POTENTIAL SHORT🔥 ✅DAX broke the rising Support line retested it And is now going down again So I am bearish biased and I think the price will go down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx3314
DAX Elliott Wave Analysis Higher Timeframe (26/08/2023)In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.15:20by AndyCuckoo0
German Stock Index (The swing back to the resistant) View On German Index DAX (23 Aug 2023) DAX is in * Bullish in short term (Intraweek) * Bearish in Mid term (1 to 3 months) * Neutral Long term (3 months onward) DAX is the wild big swing recently from 15,500 to 16,500 recently. Basically it is a 1,000 swing and it has hit the support of 15,500 region for the second time in 2 months. We are currently experiencing a small bounce and it shall continue toward 16,000 region. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.Longby SonicDeejayUpdated 1
Possible short on Ger30 Looking for a retracement on ger30 at 15684, Based on the structure ger30 has been creating this past week it seems the up coming week we might see some more downside momentum unless price breaks above 15844.GShortby Mindest_Mastery0
GER30 LongPivot: 15715.00 Our preference: short positions below 15715.00 with targets at 15510.00 & 15500.00 in extension. Alternative scenario: above 15715.00 look for further upside with 15790.00 & 15855.00 as targets. Comment: the RSI calls for a new downlegGShortby Daniel_Thompson2
DAX Elliott Wave Analysis for Friday 25/08/2023The primary scenario (in green) assumes more upside in a corrective pattern to finish wave (X). The secondary scenario (in red) assumes that wave (X) is in that we further go down in an ABC pattern to finish wave (Y).12:35by AndyCuckoo0
GER30 DAX Long Pivot: 15780.00 Our preference: long positions above 15780.00 with targets at 15935.00 & 16010.00 in extension. Alternative scenario: below 15780.00 look for further downside with 15715.00 & 15620.00 as targets. Comment: the RSI is bullish and calls for further advance.GLongby Daniel_Thompson1
DAX Elliott Wave Analysis for Thursday 24/08/2023The primary scenario (in green) assumes more upside in a corrective pattern. The secondary scenario (in red) calls for another leg down before we have the upside in a corrective pattern.15:11by AndyCuckoo0
Long Trade on Ger40This scenario could work, but only if the next candle closes above my entry. We have good downside support and a bullish moment. The only thing about this trade is that you really have no idea how big it could get.Longby ralffritz21221
DAX shortWe might see the DAX plumet further from here. Confrmation was taken from the break of the 1H uptrend. And, the 4H wick rejection. all this plus the EUR strenght led me to assume the DAX to continue lower.Shortby fan_hamadi0
DAX Buy opportunity on the 1D MA200 and bottom of Channel Up.DAX is on the 3rd straight green 1D candle after it almost hit the 1D MA200 (orange trend-line) last Friday, which is intact since November 10 2022. This rebound comes as a natural reaction to the long-term Support dynamic of the 1D MA200 as well as the presence of Support 1 from the July 07 Low. As long as it holds, we will take it as a buy opportunity and target 16700 (Internal Higher Highs trend-line). If it closes a 1D candle below the 1D MA200, we will take the small loss and open a sell targeting Support 2 at 14470. Notice how even the 1D RSI almost hit the 34.70 Support and is rebounding, which is an additional buy signal. Don't neglect also the fact that Friday's low was formed at the bottom of the 7-month Channel Up pattern. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot6
GER30 Long Pivot: 15715.00 Our preference: long positions above 15715.00 with targets at 15860.00 & 15935.00 in extension. Alternative scenario: below 15715.00 look for further downside with 15620.00 & 15510.00 as targets. Comment: the next resistances are at 15860.00 and then at 15935.00GLongby Daniel_Thompson1
DAX to turnaround?GER40 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The primary trend remains bullish. Price action continues to trade around significant highs. A move through bespoke resistance at 15800 and we look for extended gains. A Doji style candle has been posted from the base. We look to Buy a break of 15821 (stop at 15721) Our profit targets will be 16071 and 16131 Resistance: 15800 / 15900 / 16000 Support: 15700 / 15600 / 15500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA3