If risk sentiment improves we can see more upside for the dax.
We have BOE rate decision this week that migh affect the trade.
I market the potential profit taking levels at session highs.
Have a great week!
📊 In the four-hour time frame, due to the reduction of the upward movement momentum of the price, if the upward movement trend of the price is broken and the price stabilizes below the range of 17,900 units, there is a possibility of the price falling to the range of 17,750 units🎯🎯, and in case of strength, there is a range of 17,550 units🎯.
📊 Otherwise, the...
GER40 /German 40 Index - Near To a Strong Resistance Zone
Ger40 is testing a strong monthly zone increasing the chances of a bearish correction over the next few days.
It is a very risky trade as we still do not have any clear confirmation.
However, given the importance of this area, it is likely that the bears may rise in number by pushing the price...
DAX 40 (DE40) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support level.
Pivot: 18,539.83
1st Support: 18,239.12
1st Resistance: 18,700.00
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
The DAX (DE40) could fall towards the pivot which has been identified as a pullback support. Could this index potentially bounce off this level to rise towards the 1st resistance?
Pivot: 17,737.30
1st Support: 17,004.20
1st Resistance: 18,534.90
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
DAX40 H4
Something new added to the watchlist here as we see DAX40 index fund trading around ATH price. This ATH price also ties in nicely with our 18500 psychological price. A good area of confluence.
We have also extended in excess of 600 points to the upside, without any real corrective play. Eyes peeled for some price action exhaustion around this price.
- The market has been trading below a bearish trendline in the first part of April, correcting the rally started at the beginning of 2024. The short-term trend was then bearish.
- More recently, and since the impact over 17,480pts (50% Fibonacci), the German index has invalidated its short-term bearish trend.
The market has registered a sharp rebound leading...
overall market comment
I was clearly wrong with the bearish reading and bulls got another strong day and closed at the highs. Strong buying signal going into tomorrow for at least a bit more upside but we got so far, there is no reason why can’t make another couple of points to retest the all time highs now, where I expect sellers to step up again and bulls to...
Hey there,
a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating.
In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are...
Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
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 StdDev...
The DAX (DE40) could fall towards the pivot which has been identified as a pullback support. Could this index potentially bounce off this level to rise towards the 1st resistance?
Pivot: 17,805.20
1st Support: 17,507.10
1st Resistance: 18,240.10
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
We looking for selling opportunities as we still below the resistance zones and we are still having a bearish falling expanding wedge resulting in sells
Pair : Germany 30 Index
Description :
Symmetrical Triangle as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Impulse Correction " AB "
Fibonacci Level - 61.80%
The DAX hourly RSI is above 50 and its stochastic is in its upper quartile. These suggests a short-term positive momentum. Core PCE out later is likely to influence risk sentiment. In that regard keep an eye on the hourly stochastic - if it starts to slip, the short-term momentum will be waning. If it holds, the sentiment will be biased towards risk-on.
This...
Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The Index extended higher in wave (3) towards 18567.16 as the 1 hour chart below shows. Down from there, wave (4) unfolded as a double three Elliott Wave structure. Down...
