Pair : GER40 ( German 40 Index )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Retracement
Divergence
Break of Structure
Completed " 12345 " Impulsive Wave
Exp FIAT as an Correction in STF
Trading day preparation. Although pullback is expected in the higher timeframe, we probably still go up in the lower timeframe. We discuss several scenarios that could play out.
Is the German stock index about to break the upper limit?
This figure shows the line chart chart of German stock index since the beginning of 2019. As shown in the figure, the German stock index has reached the top of the head, shoulder, and top shoulder positions in 2021, and is about to test its previous high! So in the future, the starting points for...
Hello,Traders!
DAX hasn't moved much
Since the last time I made
A long forecast on it
So I decided to give a quick
Update: we are still bullish
Biased and I am just
Waiting for the breakout
Out of the consolidation
Buy!
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A DAX pullback in the higher timeframe seems likely. We see nearly complete 5 waves impulse structures up with divergence in both the daily and 4h timeframe.
Looking to take potential Short Positions upon the retest of the previously formed Weekly/Daily Supply Zones which is also a retest of the level in which the market broke out of, a break above the Weekly Swing High will result in our potential Short Positions being violated at which point we will then be expecting to see a rise in the value of German30.
✅DAX is trading in an uptrend
And is still consolidating above
The horizontal support line of 15.600
But I am bullish biased so I think
That it will go up eventually
LONG🚀
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there is a clear limit at GER30, it could be that when the price breaks the upper limit, an extend wave occurs which can be long enough to continue being bullish. look for areas to buy after positive prices break this upper area.
Short DAX - Near Highs, banking uncertainty in US (don't want to be long into the weekend) and sticky inflation. Feels like a good downwards move to the daily trendline could work out well - Hopefully today.
DAX is trading inside a Channel Up with the 4H technicals neutral (RSI = 53.275, MACD = -10.100, ADX = 32.263). With 1D also neutral , it indicates that the dominant bullish trend has to be favored and that this is a buy opportunity. That is also supported by the 4H RSI which held the 38.60 Support.
Keep in mind though that the index has been pulling back inside...
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Trading is Timing !
Stop being too...
Pivot: 15810.00
Our preference:
short positions below 15810.00 with targets at 15690.00 & 15572.00 in extension.
Alternative scenario:
above 15810.00 look for further upside with 15890.00 & 15960.00 as targets.
Comment:
the RSI has just struck against its neutrality area at 50% and is reversing down.
GER40 - 24h expiry
We are trading at overbought extremes.
Short-term momentum is bearish.
Bearish divergence is expected to cap gains.
15750 continues to hold back the bears.
15729 has been pivotal.
A break of the recent low at 15729 should result in a further move lower.
We look to Sell a break of 15719 (stop at 15801)
Our profit targets will be 15519...
The DAX has remained within a tight consolidation just beneath its ATH (all-time high) over the past three weeks. Whilst it has so far failed to break higher, neither has it sold off. The OBV (on balance volume) indictor has moved to a new cycle high which suggests underlying bullish power, and Friday's lower wick (and bullish hammer) shows demand around the March...
