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...
This clip is just a guideline for DE next week from 19-23 FEB.
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...
GER30 based on multi timeframes, OB's and IB's. Bearish Outlook
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)).
DAX (M15): Bearish -DEEP CRAB detected The price could reach 17 145 according to Fibonacci retracements, before falling to 16 875, then 16 690 American PMIs could influence this movement Monitor the 50 and 200 Exponential Moving Averages A BUY put strategy on MARCH or JUNE is possible stay careful
Hello everyone, against all fundamental backdrop the DAX has created a new ATH, which is inline with my elliot wave analysis. To make it short I want to trade against the strong trend movement to catch a correction back to the 16k area . Confirmation will be the break of the current area of 16750 . If you want to scalp this you can just set your SL over the...
DAX hit the HH trendline on a bullish 1D technical outlook (RSI = 59.185, MACD = 53.000, ADX = 25.248) but a Bearish Divergence RSI. The 1D CCI is repeating the May 19th-July 31st 2023 successive peak pattern on the HH that eventually corrected first to the 0.382 Fibonacci level and the 1D MA200 and then under the 0.618 Fibonacci level. Consequently, a crossing...
Most analysts and traders are looking for traditional charting tools when looking for a trade opportunity. However, looking at charts differently can bring up valuable information. After all, the whole idea of analyzing price charts is to predict the next market move based on the behavior of the masses, which is reflected in the price chart action. Long story...
Good evening and i hope you are well. My bearish outlook or at least i gave the higher odds to the bears was wrong and bulls just kept buying everything today. Tomorrow is Opex and all markets are at big resistances again after beginning the week with a selloff. Tomorrow has the potential to be wild. I see it as a trading range at the highs and the recent rally...