XETR:DAX update - New all-time high due to an expected test of the upper #BouhmidiBand. Attention trend day. A breakout should bring new impulses with the US opening.
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Trend direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves
Support & Resistance are set by the...
We are looking for long term buying opportunities as we are still inside a bullish trend however we have to wait for a correction in order to have those impulses to the upside. 1H Time Frame
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. This results in two possibilities: we are now working on a wave ((3)) or we are close to finishing a wave ((1)).
Like most other major indices, the DAX has also reached new highs in recent months. Currently, the chart pattern is tempering overly bullish enthusiasm: the last bull surge was met with significant sell-offs by the end of the trading session, and the RSI in the daily chart is showing clear bearish divergence. Not only is the RSI showing these divergences, but also...
Hello traders, and welcome. Let's take a look at the DAX index, presenting a great trading opportunity. The DAX, on its weekly chart, has formed a cup and handle pattern, and the price has broken above the breakout level at 16305.21. Stops are placed at ST: 15465.59, and the target zones are as follows:
Zone 1 at 62%: 19078.70
Zone 2 at 79%: 19817.23
Similar to other indices, the DAX is currently experiencing a bullish trend. However, there's a possibility of a pullback in the near future. Given its historical behavior of respecting the trendline, we anticipate it will do so again this time. Take-profit (TP) and stop-loss (SL) levels have been identified. It's imperative to adhere to proper risk management practices.
The DAX index starts on an uptrend , boosted by the positive close on Wall Street. Today, several crucial and expectation-boosting releases are expected from the German market, including Q4 2023 GDP growth, which is anticipated to be slightly negative at around -0.3% vs. 0% previously, as well as business sentiment reports from the IFO Institute at the University...
Good evening and i hope you are well.
If you are a regular reader, you know by now, that i’m the first to acknowledge and point out my errors. I’m tougher on myself than the internet could ever be. Today was another humbling day for bearish takes on the market. One would think the odds for deeper pullbacks rise with each consecutive buy climax. Not today anyhow....
the ger30 has broken through its all time high.
this is a big indication that the ger economy is at steady growth .
over a 400 pip move to the upside
we saw the same move to the upside on us100 in the asain session.
the news release for the eur has been in bullish favour this week.
hope this help
#happytrading
Price at resistance level + RSI crossover on overbought zone + bearish butterfly butterfly pattern : I am expecting a correction to at least retest the 17070 Support level
PS : never risk more than 2% of your capital per trade
DAX (DE40) is on a short-term Channel Up, supported by the 1D MA50 (blue trend-line), which has held twice in the past month (January 17 and February 13). As long as it holds, we will most likely see a break of the long-term Channel Up, which in time could complete a +20.90% rise as the July 31 2023 High. In that case, we will target 17400 on the short-term.
If...
We have a 1,2,3 top formation, a clear warning of trend reversal. The critical turning point occurs at Point 3, where the failure to exceed Point 1's peak underscores a noticeable lack of interest in maintaining the current bullish momentum. This pattern's inability to create new highs is evidence of diminishing buying pressure, a precursor to potential...
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. This results in two possibilities: we are now working on a wave ((3)) or we are close to finishing a wave ((1)).
Theres a full video analysis posted before this.
The DAX 40's recent bullish surge reveals signs of exhaustion on the monthly and weekly charts. Lower timeframes suggest a manipulative price structure primed for a potential trend reversal.
Here's the breakdown:
- Overextension: Extended trends often succumb to corrections or shifts in direction. The DAX 40...
GDAX DAX 40 (German 40) Technical Analysis & Trade Idea
The DAX 40's recent bullish surge reveals signs of exhaustion on the monthly and weekly charts. Lower timeframes suggest a manipulative price structure primed for a potential trend reversal.
Here's the breakdown:
- Overextension: Extended trends often succumb to corrections or shifts in direction. The DAX...
