The DAX (DE40) could fall towards an overlap support at 17,903.18 which has been identified as a pivot point. Price could potentially bounce off this level to make a new all-time-high (ATH). Pivot: 17,903.18 Support: 17,659.90 Resistance: 18,263.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
Pair : Germany30 Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Completed " 123 " Impulsive Waves Break of Structure Fibonacci Level - 261.8%
Idea based on multi-timeframe h/l's, IB's, OB's. All buy levels smashed creating new high. Looking to see if we create lower low on higher time frame or continue higher.
#DE30EUR Buy Side Momentum This Morning On DE30, Possible 50 points mve, Scalp Setup till Ny Session GMT London time
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. *KEY 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...
DE 18 Mar 24 This is a guideline for trade on 18 Mar 24 Happy trading everyone
Good Morning and i hope you are well. Last week the dax bulls created a potential exhaustive very big island gap, US indexes ranged at the highs, gold ranged after the uber bullish move up and oil did exactly what i have been writing for many weeks now. No matter how you want to draw it, Nasdaq made lower lows, printed 2 consecutive weekly bear bars (last time...
Hello everyone, this is not a usual trading analysis. So don't take any trades from monthly levels, as you can't manage the risk at all. What you can see is my try to figure out how the DAX went through different states of price development and really interesting to see is, that every big crisis ended one phase and opened a new one. In my point of view we are...
Hi everyone, I'm aiming for a bullish continuation on the GER40, and have placed a STOP LOSS and a TAKE PROFIT.
Failed to break the last high and instead, made a double top. There's a probability of a reversal.
Trading is nuanced and requires as much art as science to execute successfully, which means that there is only a profit-making trade or a loss-making trade.
What makes us expect a technical correction this time, is the similarity in terms of RSI with mid February 2023. It took another 3 weeks for the price to decline but not before the RSI completed a Cup and Handle pattern. That was a -8.00% decline, we are aiming from the current levels for a -6.40% decline, which happened another 2 times, so our target is near the...
This day, the DAX40 has started higher , recovering the ground lost in recent days. Expectations for the euro zone are upbeat, especially for inflation, trade balances and retail sales data, with expectations for an improvement in German earnings standing out. Sales in the Italian market will be key for the Milan index, looking to close the week in positive, if...
Bespoke support is located at 17,683 and 17,085. Using projection analysis for an Elliott Wave count (5 waves) offers a resistance level of 18,053. The one-hour time frame highlights an ending wedge pattern. The trend of higher highs is located close to the projection level. On a break of the trend of higher lows at 17,817, the measured move target is 17,660....
DAX is on the pivot point at 17909.64, price could bounce off the pivot and rise to resistance that aligns with 161.8% Fibonacci extension. Pivot: 17909.64 Support: 17653.29 Resistance: 18043.82 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...
Short Term Elliott Wave view in DAX suggests cycle from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and pullback in wave ((ii)) ended at 16830.28 as the 30 minutes chart below shows. The Index then rallies higher within in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from...
The Dax40 broke a lower time frame structure, 17930 was a support which was respected at lot, but a quick scapl can be spotted. The trend is although still bullish but the short term bearish setup could be placed upon retest of the structure.
Reason: Market Structure = Bullish Break of Structure Fair Value Gap