DAX (DE40) could bounce off a pullback support at 18,082.30 which has been identified as a pivot point. Could price potentially rise toward the 1st resistance at 18,422.50?
Pivot: 18,082.30
Support: 17,899.30
Resistance: 18,422.50
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
DAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 18,131.66 which is an overlap support.
Stop loss is at 17,850.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 18,513.50 which is a pullback resistance.
High Risk...
Expecting a bear rally from today (@ 13330 level) and later to print a lower target @ 13655
Green arrow ---> expected bear rally
Red arrow ---> crash to minimum 13655 level
INDEX:DEU40
XETR:DAX
VANTAGE:DAX40
DAX is almost overbought on the 1D timeframe (RSI = 69.159, MACD = 322.400, ADX = 30.730) and heavily on the 1W (RSI = 76.198), which suggests that the long term trend is massively bullish but on the short term a pull back below the 1D MA50 is needed in order to harmonize the supply and demand equilibrium. The index has already been rejected at the top of the HH...
chart was showing good bullish movement. but it also showed divergence between latest HH's and then it broke the trend so in such cases it is recommended to avoid trading such carts.
📊 In the four-hour time frame, due to the decrease in 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 18,250 units, there is a possibility of the price falling to the range of 18,150 units🎯, and in case of strength, there is a possibility of the range of 18,000 units🎯🎯.
📊...
Pair : Germany 30
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Higher Highs - Higher Lows
Break of Structure
RSI - Divergence
European stock markets have started the quarter with positive momentum, highlighting the focus on German inflation data that could influence the European Central Bank's next decision. Germany's economic performance is usually a key indicator for the eurozone as a whole. The return of investors to the market after the Easter holidays has contributed to the moderate...
and Yet this move is far from over
My final log target is still 8000 points away.
We are witnessing #Fiat melt away in front of our eyes.
Are you actually making money is the real question?
#gold #silver #bitcoin
Always keeping it simple with Multi-Time Frame Highs and Lows, IB's and OB's.
(previous sell levels still marked)
GER30 has been moving beautiful in a nice uptrend and continues to create higher highs.
Will do high - level overview and time permits, although you can seem some of the lower levels if price was to break structure.
Ger40 has been very bullish since November. It has even had a great bullish run in March and the previous week although it has a mixed close on Friday. On the lower timerframes I would like to see it take the high at 18541.6 . German CPI data will be released Tuesday.
Hello traders!
‼️ This is my perspective on GER30.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I look for a long position. I want price to continue the retracement and to reject from S/R zone + trendline for a long.
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